Overdue tax debts are subject to penalties and interest. This means the longer you wait to pay, the larger your balance becomes. If you cannot make arrangements to pay voluntarily, the IRS will begin the collection process. This may ultimately lead to Lisle IRS seizures.
When the collection process begins, you will receive a written notice from the IRS informing you of their authorization to liquidate your assets to cover the tax due. Jones, Savarese, Harrington & Company’s tax advisors can work on your behalf to prevent the process from continuing and begin resolving your IRS issues. Of course, it’s best not to allow any IRS issues to get to this point, but if it does, you need tax accounting experts on your side; otherwise, you could lose everything.