Shock, horror and disbelief were the main expressions most people had in reaction to the tragic suicide plane crash ala 9/11 at the IRS building in Austin, Texas last Thursday.  Quite miraculously, out of about 200 IRS workers in the building, only the pilot and one other man perished in the crash.  However, 13 others were injured, some critically.  The nation’s condolences go out to the family of the sole IRS victim, Vernon Hunter, 67 a Vietnam war veteran.

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An irate man crashed his single engine Piper Cherokee airplane into the side of the 7 storey IRS building in Austin, Texas Thursday morning leaving at least 2 dead and some 13 people injured, 2 of who are in critical condition.  Joseph Andrew Stack a 53 year old software engineer, apparently furious with the IRS, posted a suicide note online that said, “Well, Mr. Big Brother IRS man, let’s try something different; take my pound of flesh and sleep well.”  After he wrote his suicide note, Stack set his own house on fire with his wife, Sheryl and stepdaughter sleeping inside before leaving for the airport.  The wife and stepdaughter managed to escape unhurt.

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Dealing with tax debts can be a very complicated thing.  That is why it is important to be aware of the various options you can take to reduce or sometimes eliminate your debt.  There are free and there are paid options.  No matter which source of tax debt help you choose to use, it is vital to stay proactive when it comes to dealing with your debt issues.

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An IRS wage levy is a very serious matter and potentially extremely debilitating.  It is also known as wage garnishment.  Technically speaking, an IRS wage levy authorizes the IRS to deduct up to about 75% of your monthly salary.  They will leave you with enough just for subsistence living, meaning you will only have enough for the bare necessities like food, a mortgage and child support.  The IRS will not consider any other financial obligations as vital to your daily life.  When slapped with an IRS wage levy, there are a few options that you have a right to.

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An IRS audit can be a nightmare.  Depending on how it pans out, it may leave you broke.  Furthermore, the tax code changes quite frequently over the years, so it can be difficult staying on top of things and avoiding the mistakes that can make your case auditable when making your tax returns.  So if you want to stop an IRS audit, here are some ways to do so.

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