indiana state flag

Indiana Taxing Information

Important Note Regarding Covid-19 Tax Relief in Indiana

We are in a time of economic uncertainty. Many of us will be affected. Many businesses will be harmed. Many bills will go unpaid for a while. We all must prioritize health. Stressing about taxes is something we hope to help you minimize.

Even if you don’t know the scale and scope of your tax problem, we can help advise you on strategies to come out of the Coronavirus crisis in your best position tax-wise. Even though the IRS allowed delayed filings and payments, they are not forgiving taxes. We can help you strategize how and when to prioritize your taxes, your business, and/or personal expenses.

Bank Levies

One means of enforced action that the State may take to resolve delinquency is a levy on your bank accounts. The State will issue a warrant to your bank, and take up to the amount stated on the warrant directly from your accounts if it is available. Typically there is a brief holding window during this process, during which you may seek professional assistance for preventing further collections or potentially regaining levied funds.

Demand Notices

If you do not address your tax liability after you receive your first notice of it, you will receive a Demand Notice of Payment, which should be addressed promptly if possible. The Demand Notice will provide some details of context and information about what comes next. After receiving a tax bill from the State, there is a period during which you may appeal it in writing.

Priority One: Stopping Aggressive Enforced Collections

Offer in Compromise

The State may, under very particular conditions, accept settlement of your liability for less than the full amount. This is done through an Offer in Compromise. You must be prepared to closely follow all terms and conditions given by the State. These can include your having filed all required tax returns, completed the application, and provided any requested supplementary documentation.

As the process requires significant preparation, it is recommended that you seek professional assistance before attempting to submit an Offer in Compromise.

Power of Attorney

While you may represent yourself before the State, you may also choose to have a qualified representative do so in your stead. This requires that you complete the appropriate documentation prior to any discussion of tax matters.

Warrants

Failure to address your liability will result in the eventual issuance of a tax warrant. At this point, the State may pursue enforced collection actions.

The warrant may be sent to your respective sheriff’s office, enabling the sheriff to collect the full amount of your liability, including any penalties and any costs associated with the collection process. The sheriff may seek to resolve your liability by means of levies, wage garnishments, or property seizures.

Call us today for a free evaluation

Don’t be a victim to the collection powers of the IRS and Indiana’s collection division. We are experts in securing permanent financial protection from the government. Call us at 888-589-0955 for a free consultation. In a few minutes, we will help you to assess your options.