Brand New Fear: If you've never dealt with taxes before, I can tell you that it's a very serious business.
The debt can add up quickly and the IRS is very relentless.
You may have heard that the IRS is scary, but you may not know exactly why.
What exactly can they do to you? How far will they go to get their money? Always File! If you've never filed taxes before, get a start off on the right foot and file on time this year.
Even if you owe the IRS and you can't pay them, at least file the turn and call them to set up payment.
Penalties for not filing have gone through the roof in the last few years.
These days, you can be charged nearly half the original debt each year, not to mention they can send you to jail.
Weapons of Collection: The IRS has several ways of getting their money if you choose not to pay them.
As a former IRS-Hitman, I can tell you just how effective they are.
They can place a lien on your credit, which will ruin any good credit you might have as well as prevent you from doing anything involving credit.
They can levy your bank account, locking you out and taking everything inside.
They can garnish your wages and depending on your situation they can take your entire check.
Don't Mess with the IRS: The Internal Revenue Service is the largest and most effective collection agency in the world.
They've gotten very good at collecting money so don't think that you're going to avoid them.
They have ten years to collect on money and they may not come for you right away, but you can count on them hitting you where it hurts, when it hurts.
How to Avoid Them: The best way to avoid the IRS is to file on time each year.
If you do that, even if you get into debt, you can always set up a payment plan.
It is only when you try and ignore the problem that the IRS-Hitmen start banging on your door.
Now you have the Smoking Gun...
Use It!