| Paying Dues: Some police men think they are above | | | | the reasons why in detail. |
| the law. But one thing is for sure, they are not above | | | | "Suspended Collections": Also known as a hardship |
| the IRS. When police officers owe the IRS, it's business | | | | plan. If you can prove you will go without basic needs |
| as usual. The IRS will still call to collect from them, and | | | | (housing, tools for work, transportation, food, and basic |
| they're going to want the balance in full. So what are | | | | clothing) if you pay your debt to the IRS, you might |
| some good keys for prevention? | | | | qualify. Collections efforts will stop for 6 months to one |
| IRS Weapons: If a police officer decides not to pay | | | | year. But use this time wisely and quickly work out |
| the IRS, there's several ways the IRS can make them | | | | your finances. Because the IRS is going to resume |
| pay. Paychecks can be garnished, bank accounts can | | | | collections full force once that period of time is up. |
| be seized, and assets can be taken. The IRS is not | | | | Help for the men and women in blue: |
| going to hesitate just because you are with the police | | | | Police offers have a variety of Tax Deductible items |
| force. | | | | to take into account: |
| Face The Music: Here are methods for paying off IRS | | | | Uniforms: Any uniforms you had to pay for out of your |
| debt. | | | | pocket are tax deductible |
| Installment Agreement: This is a good option for paying | | | | Business Phone- Make sure it's truly being used for |
| off debt for a police officer. Let's say your debt is | | | | business |
| $5,000. You can agree to pay off your debt in one | | | | Classes- Classes taken to improve performance are |
| year, paying $416.66 a month. But don't forget, | | | | tax deductible. But only if they apply for your job. |
| penalties and interest will still be accruing on your | | | | Union Dues |
| account each month. | | | | Follow the Rules: Being a Lawman gives you special |
| Offer in Compromise: If you are lucky and actually | | | | privileges. And sometimes, power can go to your head. |
| qualify for this program, you can settle your debt for | | | | But officers of the law are not above the tax laws. |
| less than you owe. You will have to prove you will not | | | | Don't think you can get away with it if you don't pay |
| be able to pay your debt off in the future and list all | | | | your taxes. |