The Internal Revenue Services, or IRS, is kind of like flying in a jet liner. Half the men and women in the USA admit to being afraid of it. The other half who say they aren’t, are lying. Fact is, if for any reason, be it prolonged unemployment, massive credit card debt, a recent divorce, etc., you just happen to fall behind on your state and federal tax payments, the IRS is going to come after you. Do not doubt that for an instant. They also have many ways of getting their money. They can garnish your wages, they can hit you with a tax lien or a bank levy which means you can’t sell any of your property without their knowing about it. And if you do try to sell your property, they have the right to seize it first.
Here’s a tip to live and die by: If you are way behind on your tax payments, and desperately seeking IRS tax relief, you are going to want to contact a professional tax relief service. They will interpret the often confusing tax codes. The codes and laws can be so perplexing, that most everyday people aren’t aware of some of the more strange but true facts about the IRS.
Here’s just a few:
The IRS Clamps Down on Missing Children
According to author Daniel Ganninger, prior to 1987, adult taxpayers only had to list the names of the child dependents aged five and over on their federal and state tax returns. But all that changed in ‘87 when a new rule was established that required not only the name of the child dependent, but also their social security number.
Prior to 1987, nearly 80 million dependents had been listed on the 1986 federal tax returns. But in ‘87, only 70-million childhood dependents were listed. Where did all the missing children go? How strange that nearly 10 million children had suddenly vanished from plain sight. But one thing was certain, prior to establishing the new law, many taxpayers were getting away with claiming more kids as dependents than they actually had living under their roof.
The IRS will Stop at Nothing to Collect Taxes
Says Ganninger, the IRS Internal Revenue Manuel section titled, “National Emergency Operations,” states that even in the case of nuclear war and/or a thermonuclear event, or any other type of national or international disaster like the recent pandemic, the IRS is to resume the collection of taxes within 30 days of the initial event. This rule applies to current taxes due only. Delinquent tax payments can be put on hold for a time deemed reasonable by the government since they are so difficult to collect in the first place.
The IRS has Rules for Kidnapped Kids
In the tragic event that your child is kidnapped, the IRS wants to know about it. Not because they have empathy for you, but because a missing child affects how he or she can be claimed on your return. An abducted child can also affect how a taxpayer can claim to be head of the household on the return immediately following the abduction. The rule goes something like this: In order to claimed as a dependent on your tax return, the missing child has to have lived with the taxpayer for more than half the year. It’s also assumed that said child was abducted by someone other than a family member.
The IRS Wants to Know if You Took a Bribe
For those of you who accept bribes as a part of your everyday business, the IRS kindly asks that you let them know. IRS Publication 525, Taxable and Nontaxable Income, explicitly states that “If you receive a bribe, include it in your income.” This is especially useful information should you work for the mob and/or a drug cartel.
Speaking of the mob and/or drug cartels, according to strict IRS rules, any income derived from dealing illicit drugs must be declared as income on your return. The same goes for bank robbery. Should an honest criminal worry about the IRS turning them in? By law they cannot divulge the information on one’s tax return to anyone. Not without a court order, anyway.
The IRS Imposes 19th Century Taxes
Back in 1898, a tax on long-distance phone service (yes, long-distance existed back then) was implemented by the IRS in order to help pay for the Spanish-American War. Even though the conflict came to an end some four months after the 3-percent tax was first imposed, it was continued well into the 21st century until its discontinuation in 2006.
A good rule to keep in mind, is that the IRS can and will tax any income you make. In 2020, this can include income from freelance writing, cash tips, sale of stocks on your Robinhood app, money earned from influencer marketing, the purchase and sale of crypto currency, and more. What’s the old saying? The two sure things in life are death and taxes. Taxes might even be more sure than death. So do yourself a favor, if you get behind on your IRS payments, don’t go it alone. Hire a professional tax relief service to help you navigate some pretty complicated, strange, and treacherous financial waters.