Taxpayers Must Still Settle Back Taxes Debts Amid COVID-19, Warns Platinum Tax Defenders

LOS ANGELES, March 23, 2020 /PRNewswire-PRWeb/ -- The federal government recently announced it would extend the deadline for tax payments to 90 days after the original April 15 deadline, Platinum Tax Defenders is warming taxpayers who are currently in IRS tax relief programs that they must still continue to back their debts. Taxpayers who delay tax payments risk mounting interest and penalty fees. Additionally, if you currently have unpaid back taxes, the IRS will also not delay in deploying collections actions on you. For any taxpayers who are in the midst of financial crisis due to the COVID-19 outbreak, and need assistance with their tax resolution program, they are encouraged to call the experts at Platinum Tax Defenders at 866-866-8053.

"One misconception that taxpayers have of the IRS is that they're protecting those who are currently in collections," said Sherri Gastellum, CEO of Platinum Tax Defenders. "The last thing taxpayers want to deal with during these uncertain times is an IRS collection action, such as IRS wage garnishment or bank levy. While the government has pushed back the current payment deadline, the IRS will still go after those who have missing back tax payments."

Taxpayers who are currently struggling to pay back taxes are encouraged to call Platinum Tax Defenders at 866-866-8053. The federal government may be giving taxpayers an extension to pay their current taxes, but any previous taxes owed will still accumulate penalties and interest if they go unpaid. Platinum Tax Defenders understands that taxpayers across the country are living in uncertain times, and to help ease the burden of tax debt, they are currently offering new customers free consultations. Additionally, to help customers pay for tax relief services, Platinum Tax Defenders is offering special financing options of up to 60 days.

Since 2011, Platinum Tax Defenders has been helping taxpayers pay back taxes since 2011. Among the tax relief services they offer businesses and individuals are:

•         Offer in Compromise
•     Installment Agreement
•     Innocent Spouse Relief
•     Tax evasion representation
•     IRS tax attorney representation, and more.

Platinum Tax Defenders reminds taxpayers that if they owe back taxes, it won't be long before the IRS is knocking on their door or calling them on the phone. Even though the country seems to be shutting down, the IRS is still in full force. For taxpayers who do not pay taxes, or ignore the IRS, here are a few things that can happen as a result:

IRS Tax Lien
A tax lien gives the federal government the right to keep or take your personal property until your unpaid federal taxes are taken care of. You'll first get a notice of federal tax lien from the IRS, and that serves as a demand for payment. If you do not comply or enter into a tax resolution program, the IRS will place a federal lien on your personal assets.

Bank Levy
A levy is when the IRS legally seizes your property to satisfy an outstanding debt. Property that can be seized through a levy includes cash, cars, houses, and intangible items, like future wages. A levy is different from a lien in that it takes the property to satisfy the debt. A lien is only a claim used as security for tax debt.

Wage Garnishment
The IRS can also garnish your wages if you don't pay back taxes. Garnishment, or wage garnishment, happens when money is legally withheld from your paycheck and sent to another party, like the IRS.

If you are in danger of the IRS taking out collection actions on you, call the experts at Platinum Tax Defenders at 866-866-8053, or visit http://www.platinumtaxdefenders.com.

About Platinum Tax Defenders
The experts at Platinum Tax Defenders, a subsidiary of the Cardiff Lexington Corporation (Cardiff Lexington Corp [CDIX]), have been providing tax relief services to businesses and individuals since 2011. As a top-rated tax firm across the nation, Platinum Tax Defenders has saved thousands of clients hundreds of thousands of dollars in tax debt. The professionals at Platinum Tax Defenders include CPAs, enrolled agents, tax attorneys, and x-IRS agents. Platinum Tax Defenders has experience working with entrepreneurs, individuals and small businesses. If you need help with tax resolution, call 866-866-8053 or visit http://www.platinumtaxdefenders.com.

SOURCE Platinum Tax Defenders