Reboot Your Life: Tampa Student Loan and Bankruptcy Attorney Blog
If you have tax debt, and you are doing nothing about it, here is what can happen:
- Wage garnishment continues
- Banks can levy your account(s) without advance warning
- Federal tax liens will destroy your credit and make it impossible to qualify for a home or vehicle purchase
- Penalties and interest compound at 7-8% per year
- Don’t even think about starting a business or retiring
- The IRS has 10 years (or more) — you can act sooner to get rid of tax debt. We’ll post how tomorrow (on this blog).
