The Internal Revenue Service has just released their enforcement statistics for fiscal year 2009. These statistics are evidence that the Internal Revenue Service and the Federal Government are stepping up their efforts to seize the assets of millions of Americans. A record number of taxpayers experienced Federal Tax Liens, Federal bank levies and tax levies on their bank accounts. The statistics are as follows:
2009 Federal Tax Levies 3,478,118 2008 Federal Tax Levies 2,631,038 Increase of 32%
2009 Federal Tax Liens 965,618 2008 Federal Tax Liens 768,168 Increase of 26%
It is clear that the IRS is going to step up their enforcement action and try and collect the taxes to pay off this huge American deficit. This is the largest jump in enforcement action that we have seen in the past years and there is no evidence that the IRS plans to slow down.
Fresh Start Tax believes the increases will continue if not grow significantly for the fiscal year 2010. Our projections with the economic problems and the lost jobs, are that more and more Americans will continue to struggle. Fresh Start Tax will not be surprised if that Federal Tax Levy does not jump to a whooping 5 million tax levies next year.
The Fresh Start Tax Professionals believe several things can stop these enforcement actions from effecting all taxpayers including;
* if applicable, file an Offer in Compromise
* let a ” tax professional” handle your situation. they know the ins and outs.
* contact the IRS when you are in receipt of notices and letters
* be prepared to show the IRS that you may be experiencing a hardship
Individuals of Fresh Start Tax have been serving the professional community and taxpayers for over 60 years and are experts in the matters of Offers in Compromise, the removal of the Federal Tax Liens and the removal and release of the Federal Tax Levies. The Fresh Start Tax team consists of Tax Attorneys, Certified Professional Accountants, Enrolled Agents and former IRS employees.