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What happens if you owe the IRS more than $50,000? In this video, I tell you eight things that happen to you if you owe the IRS more than $50,000, and then at the end of the video I tell you what you should do if you owe the IRS more than $50,000. Leave any questions in the comments!

⬇️ Free E-Book:
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Table of Contents:
0:00 What Happens If You Owe the IRS More Than $50,000?
0:36 Passport Issues
2:59 Loss of Streamlined Installment Agreement Payment Option
3:28 How Much You'll Have to Pay the IRS At a Minimum in an Installment Agreement
4:03 You May Be Stuck With Your Notice of Federal Tax Lien
5:32 Interest Accrual
6:23 Penalty Accrual
6:58 Loss of Business Installment Agreement Options
7:29 Potential Revenue Officer Assignment (for Payroll Taxes)
8:02 Increased Risk of IRS Wage Garnishments and Bank Levies
10:21 What Should You Do If You Owe the IRS More Than $50,000?

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