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NOW is the Perfect Time to Settle Your IRS Debt

NOW is the Perfect Time to Settle Your IRS Debt
The IRS has been in a holding pattern since the outset of COVID.
Although bank levies and wage garnishments continue, they are diminished.
Many IRS agents are working from home and the backlog has increased an already strained system.
What does that mean if you owe the IRS or have not filed for years? It means you likely have a TEMPORARY reprieve.
However, the IRS is coming back with a vengeance, and this is not fear mongering.
It is truth because it has to.
The fact of the matter is the IRS is grossly underfunded and understaffed.
They have been for years.
The reality is the United States needs to pick up revenue to pay its bills.
It has two options: 1.
Increase taxes, or 2.
Increase collection of taxes owed.
Number 2.
is going to be the choice.
What does this mean for you now? The IRS is a kinder and gentler entity in its current state.
However, new legislation and funding will GREATLY increase the IRS budget and they are coming after Non-Filers, Business Owners, Self-employed and 1099 individuals.
In my view, settling with the IRS NOW is going to be much easier than settling in the future.
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