What Happens If You Owe the IRS More Than $25,000? [8 Things]

23/08/2023 14 min
What Happens If You Owe the IRS More Than $25,000? [8 Things]

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Episode Synopsis

Call 866-8000-TAX or visit https://choicetaxrelief.com/free-cons... to book your FREE tax relief consultation!What happens if you owe the IRS more than $25,000? In this video, I tell you eight things that happen to you if you owe the IRS more than $25,000, and then at the end of the episodeI tell you what you should do if you owe the IRS more than $25,000.⬇️ Free E-Book:- 7 Secrets About Your Tax Debt the IRS Doesn't Want You to Know: https://choicetaxrelief.ac-page.com/s...Table of Contents:0:00 What Happens If You Owe the IRS More Than $25,000?0:55 Loss of Individual Installment Agreement Payment Options1:50 How Much You'll Have to Pay the IRS At a Minimum in an Installment Agreement2:54 You May Be Stuck With Your Notice of Federal Tax Lien5:28 Interest Accrual6:08 Penalty Accrual6:45 Loss of Business Installment Agreement Options7:15 Potential Revenue Officer Assignment (for Payroll Taxes)7:41 Increased Risk of IRS Wage Garnishments and Bank Levies9:41 What Should You Do If You Owe the IRS More Than $25,000?

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