5 Myths About Owing the IRS That Could Cost You Big

When the IRS says you owe money, fear can take over—and so can misinformation. Let’s clear up five damaging myths that could cost you thousands if you believe them.

Myth 1: “If I ignore it, it will go away.”


Reality: It won’t. The IRS can and will take action, including wage garnishment, freezing your bank account, and placing liens on your property. Silence isn’t a strategy.

Myth 2: “You can’t fight the IRS.”


Reality: Absolutely false. People challenge the IRS—and win—every day. But it takes knowledge, strategy, and often, professional representation.

Myth 3: “You can’t settle tax debt.”


Reality: The IRS has formal programs that allow you to settle your debt for less than what you owe—especially if you’re facing financial hardship.

Myth 4: “I can’t afford a tax professional.”


Reality: Not getting professional help could cost you far more in the long run. The right CPA can save you thousands by negotiating with the IRS on your behalf.

Myth 5: “Only shady people owe taxes.”

Reality: This can happen to anyone—freelancers, business owners, retirees, even W-2 employees. Life happens. What matters is how you respond.

Bottom Line: You don’t need to be scared or ashamed—you just need a plan.


📞 Contact FGA Tax Problem Solvers
Call 817-859-8808 or email contactus@fgatps.com to speak with a tax resolution expert who will help you take the next right step.

Scroll to Top