IRS Enforcement Action
Explodes
IRS Wage & Bank Levies Up 1,197%,
Seizures up 724% over 2000 Level
Updated August 1, 2009
We've been telling you it was about to happen, so I'll tell
you I told you so. Official statistics recently released by the Internal Revenue
Service prove that enforcement action; levies, liens (technically not
enforcement) and seizures is way, way
up.
No matter what you look at, it's clear that the IRS is taking
a very hard line approach to those who owe Federal taxes.
In the fiscal year which ended September 30, 2008, the IRS
issued 2,631,038 levies on bank accounts, wages and accounts receivable. That's an increase of
a gigantic 1,197% over 2000!
The increase in seizures of homes, cars and businesses is
almost as dramatic. In fiscal year 2000, the IRS conducted 74 seizures. In the
year ending September 30 2008, IRS conducted 610 seizures, a whopping increase
of 724% in just eight years!
And while the filing of a Notice of Federal
Tax Lien is NOT considered to be enforcement action (it is considered to be the
government protecting its interests); it is just as important to note that IRS
has been hard at work filing more liens & more liens each & every day. In 2008,
the IRS filed 768,168 Federal Tax Liens....a 357% increase over 1999 levels.
The bottom line is that the handcuffs are off Revenue
Officers and the Automated Collection System (ACS). When you receive certified
mail of a Notice of Intent to Levy, you had better react by paying your taxes in
full or hiring
a LICENSED tax professional to represent you.
Meanwhile, we receive many calls from individuals and
business owners with major tax problems who then procrastinate when it comes to
hiring us and frankly, enough is enough. The biggest problem for most of our
clients is gross procrastination. People, the time is up. If you owe delinquent
taxes, the IRS is going after your assets right now. The gravy train is over.
They're going after your bank account, your wages, your car and yeah, in some
cases, even your home and business.
If you wait to hire us, you could be in huge trouble. Here's
an absolutely true story that took place today, December 4, 2006. I received a
panicky phone call from a gentleman in Marion, Kansas. Five weeks ago I sent him
a Contract and Power of Attorney for him to sign in order to hire us. He would
have to pay us a total of $4,000, half then and the rest in 45 days. For
whatever reason, he didn't hire us. You can guess what happened next. Today, his
bank called. His account was levied by the IRS. They took $5,000 and chances are
high I will NOT be able to get it released. That is the price of waiting. I've
said it for 14 years and I'll say it again....IGNORING THE IRS IS THE WORST
THING TO DO. I'm going to add a second statement to that. NOT HIRING eTaxes.com
TODAY IS THE SECOND WORST THING TO DO.
