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Bankruptcy and the IRS - The Lesser of Two Evils

 


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Hard times. . . You are in a bad situation in your life right now. You have debt coming from every angle. Maybe you were a realtor or a construction contractor and you were living large during the housing boom between 2004 & 2007. Now the bubble has burst and the money is coming in at a trickle.

Things changed. . . You had gotten used to a certain lifestyle, and now the price of that lifestyle is pulling you down. On top of that you have a debt to the IRS. When business was good you were able to afford your tax payments without a problem. But now you can't and the penalties and interest are going up all the time. Worse you can't afford to pay on the tax debt right now, and you can't settle your IRS debt for a lesser amount because you still have too much money in assets to qualify.

Time to choose. . . You're considering bankruptcy to get the creditors satisfied, but the IRS has other ideas. When I was an IRS-Hitman we considered your debt to the IRS to be your first priority. We didn't care about your other creditors, or that you were about to have your home foreclosed on. We only wanted your debt paid.

So what is more important? Getting your creditors satisfied in a bankruptcy or taking care of your IRS debt? Naturally the IRS consider themselves more important, but let me tell you that anything your creditors can do or are threatening to do pales in comparison with what the IRS will do!

No mercy. . . IRS revenue agents have very wide latitude in what they can do as far as collection actions go. There isn't much you can do to stop them from being able to come in your home and seize just about everything you own. Your creditors can only repossess what you owe them on, and depending on the State you live in creditors can only have a collection agency call you.

Not what you were hoping for. . . Maybe you're thinking of including your IRS debt in your bankruptcy. Think again. You can't claim any tax debt on a bankruptcy that's less than three years old. And since most of you have gotten into debt in the past year or so, your tax debt wouldn't qualify.

I'm not here to advise you as to which debt is the most important, I just want to give you the information you need to know about the IRS.

Now you have the smoking gun. . . Use it!

Richard Close was an IRS-Hitman. He was a revenue officer who took out anyone that owed the IRS money. He left that behind and now helps thousands of Americans beat Uncle Sam and save thousands of dollars. The IRS-Hitman can help you with your tax debt problems. He offers free advice and tips on removing wage garnishments and bank levies; and arms you with the skills to slash your tax debt: Visit at: http://irs-hitman.blogspot.com or http://www.taxdefensenetwork.com , or contact: email irs-hitman@taxdefensenetwork.com or 1-888-248-9058.

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