Stress of IRS Debt Collection
- Maine TaxSlayer
The Stress of IRS Debt Collection
The stress associated with IRS debt collection can be significant. Taxpayers may feel overwhelmed by the complexity of the tax code and the potential consequences of non-compliance. The fear of losing assets, damaging credit scores, or facing legal action can weigh heavily on individuals and families.
Moreover, the financial strain of paying back taxes, along with penalties and interest, can impact a taxpayer's overall financial stability. This stress can affect not only the individual's mental well-being but also their relationships and quality of life.