What Happens If You Owe the IRS More Than $25,000? [8 Things]

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What happens if you owe the IRS more than $25,000? In this video, I tell you eight things that happen to you if you owe the IRS more than $25,000, and then at the end of the video I tell you what you should do if you owe the IRS more than $25,000. Leave any questions in the comments!

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Table of Contents:
0:00 What Happens If You Owe the IRS More Than $25,000?
0:55 Loss of Individual Installment Agreement Payment Options
1:50 How Much You'll Have to Pay the IRS At a Minimum in an Installment Agreement
2:54 You May Be Stuck With Your Notice of Federal Tax Lien
5:28 Interest Accrual
6:08 Penalty Accrual
6:45 Loss of Business Installment Agreement Options
7:15 Potential Revenue Officer Assignment (for Payroll Taxes)
7:41 Increased Risk of IRS Wage Garnishments and Bank Levies
9:41 What Should You Do If You Owe the IRS More Than $25,000?

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