You may have received a notice in the mail from a debt collector, informing you that they are attempting to collect a debt that you allegedly owe. If this is the case, it is important to take action and request a Collection Appeal. By doing so, you could potentially save yourself time and money. Today, we will discuss why it is so important to request a Collection Appeal and what you can expect if you choose to do so.
When you receive a notice from the IRS, it is important to take action and request a Collection Appeal as well. By doing so, you could potentially save yourself time and money. Today, we will discuss why it is so important to request a Collection Appeal and what you can expect if you choose to do so.
The IRS has several methods of collection that they may use in order to try and collect the money that you allegedly owe. Some of these methods include:
1. Garnishing your wages
This is one of the most common methods that the IRS will use in order to try and collect money from you. If they are successful in garnishing your wages, they will take a certain percentage of your income each pay period until the debt is paid off.
In order to stop wage garnishment, you must request a Collection Appeal. This will stop the collection process and give you the opportunity to dispute the debt. If the appeal is successful, the wage garnishment will be stopped and you will not have to pay any money to the IRS.
However, if the Collection Appeal is unsuccessful, the wage garnishment will resume and you may have to pay a higher percentage of your income to the IRS each pay period.
It is important to note that you only have 30 days from the date of the notice to request a Collection Appeal. If you do not take action within this time frame, you will lose your right to appeal and the wage garnishment will continue.
2. Placing a lien on your property
Another common method that the IRS may use to try and collect money from you is by placing a lien on your property. This means that they will put a claim on your property, which must be paid off before you can sell it.
If the IRS places a lien on your property, you must request a Collection Appeal within 30 days from the date of the notice. If you do not take action within this time frame, you will lose your right to appeal and the lien will remain on your property.
When the Collection Appeal is successful, the lien will be removed from your property and you will not have to pay any money to the IRS. However, if the appeal is unsuccessful, the lien will remain on your property and you may have to pay a higher amount of money to the IRS in order to sell your property.
In case the IRS does take any of these actions, it can have a major negative impact on your life. That is why it is so important to request a Collection Appeal if you receive notice from the IRS that they are attempting to collect a debt from you. By doing so, you may be able to avoid some of these negative consequences.
How To Request Your Collection Appeal
In case you would like to request a Collection Appeal, you can do so by filling out Form 12153, Request for a Collection Due Process, or Equivalent Hearing. You can obtain this form by visiting the IRS website or by calling the IRS.
You must complete and submit this form within 30 days from the date of the notice in order to preserve your right to appeal.
Once you have submitted the form, you will receive a letter from the IRS confirming that your request for an appeal has been received. The letter will also contain information about your hearing, including the date, time, and location.
Conclusion
As you can see, there are several reasons why it is so important to request a Collection Appeal if you receive notice from the IRS that they are attempting to collect a debt from you. By doing so, you may be able to avoid some of the negative consequences associated with the IRS’ methods of collection. If you have any questions about requesting a Collection Appeal, or if you need help with the appeals process, please contact us today. We would be more than happy to assist you.
