Few things are as terrifying as receiving a notice from the Internal Revenue Service alleging that you owe back and/or additional federal income taxes. If one of these notices arrives in your Pennsylvania mailbox, however, the first thing to remember is not to panic. You have options and you also have the right to due process.
As FindLaw explains, the worst thing you can do is to ignore the notice. While burying your head in the sand may give you a temporary sense of relief, it can result in your life quickly becoming miserable. The IRS is one of the most powerful governmental agencies. Some would say the most powerful. It is certainly the most tenacious, and it never gives up once it determines, rightly or wrongly, that you owe taxes. Ignoring its initial notice could result in any or all of the following:
- Levy of your bank accounts
- Garnishment of your wages
- Seizure of your home
- Shutdown of your business
- Contact with your extended family, friends, neighbors, bank, employer, etc. regarding your alleged tax liabilities