Getting a letter from the IRS is never fun, and it’s even less fun when it’s a collection letter. But getting sent to collections doesn’t have to be the end of the world.

How Much Do I Owe?

Collections is the process the IRS has for notifying you of outstanding tax balances and encouraging you to pay them.

You will receive a statement from the IRS telling you the amount that is due, along with any accrued interest or penalties, and asking for a complete payment. Receiving a tax bill also starts the clock on the 10 years the IRS has to legally collect the funds before the statute of limitations expires. After 10 years, you typically don’t have to pay.

What Happens If I Don't Pay?

If you don’t pay the IRS what it is owed, it has the authority to garnish your wages, or even seize your property and sell it in order to pay off the balance. 

But don’t panic — a qualified tax professional can help put a hold on future IRS collections or release a garnishment or levy. They can also help you take care of your problem through options like:

Get Help

Ready to get out of collections? Schedule a free consultation with one of our tax associates and get the help you need.