According to the IRS, approximately 20% of individual income taxes go unpaid every year. That adds up to about $300 billion a year, and results in nearly 600,000 tax liens. The states, including Arizona, miss out on a combined $60 billion in state taxes that go unpaid.
But who are these people who don’t pay their taxes? And what happens to them? The IRS does not release personal information on tax debtors, but says they are doing all they can to track down those who owe money and make them pay.
But with a shrinking staff the IRS is forced to rely mostly on automated tactics such as garnishing wages, seizing money from bank accounts and filing tax liens against valuable property. These first-line attempts usually bring in about 10% of the money owed in a given year.
Tax prosecutions are actually quite rare. Out of 235 million tax returns, the IRS gets fewer than 1,500 federal indictments each year. And a 1998 law designed to curb IRS abuses has made property seizures almost a thing of the past.
At The Pew Law Center, PLLC, we understand that if you do run into tax problems with the IRS, it can be overwhelming. Whether you owe back taxes, haven’t filed taxes for several years, or have received an audit or wage garnishment notice from the IRS, the attorneys at The Pew Law Center, PLLC can help you or your business with these and any other federal and state tax problems.
We are a dedicated debt relief law firm. We help people from Phoenix, Mesa, Gilbert, Queen Creek, Chandler, Scottsdale, Apache Junction, Tempe and throughout Arizona work through tough tax problems or file for bankruptcy every day. We can help stop the debt cycle and give you relief from your overwhelming, burdensome, and crushing tax problems. Please don’t wait another moment. Call us right away – our attorneys will help get you the fresh start you deserve.