openPR Logo
Press release

IRS Collected $98B in FY2023. Peoria Firm Warns Debtors to Act Now

07-30-2026 03:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Getnews

/ PR Agency: Lenos
IRS Collected $98B in FY2023. Peoria Firm Warns Debtors to Act Now

PEORIA, IL - The IRS collected more than $98 billion through enforcement actions in fiscal year 2023, according to the IRS Data Book FY2023. A figure that includes levies, liens, and seizures that hit taxpayers who delayed or ignored their debt. With IRS staffing levels rising following Congressional funding increases, tax professionals across the country are warning that the window to settle on favorable terms is narrowing. Total IRS Relief, a Peoria-based tax resolution firm with 50 years in the tax industry, says the enforcement numbers aren't an abstraction. They're a countdown.

Key Facts: The IRS issued more than 1.6 million federal tax liens and initiated over 400,000 levies during fiscal year 2023, per the IRS Data Book FY2023 The National Taxpayer Advocate's 2023 Annual Report to Congress found that taxpayers who had professional representation in IRS collection cases achieved substantially better outcomes than those who navigated the process alone Total IRS Relief has resolved cases where clients owed tens of thousands in back taxes. In one illustrative example, a $72,000 debt settled for $5,000 through an IRS Offer in Compromise The firm's clients never communicate directly with the IRS. All negotiations are handled entirely on their behalf William Sharpe, the firm's lead practitioner, holds dual credentials as an Enrolled Agent and Certified Tax Resolution Specialist (CTRS) Total IRS Relief specializes in high-debt cases, unfiled returns, active levies, wage garnishments, and innocent spouse relief claims

The IRS doesn't slow down because a taxpayer is overwhelmed. That's not how the agency works. Once a federal tax lien is filed, it attaches to everything. Your home, your car, your bank accounts, your ability to refinance or sell property. Once a levy hits, the IRS doesn't ask permission to take what it's owed. The IRS Data Book FY2023 shows enforcement isn't winding down. It's accelerating. What most people don't realize is that there are formal programs. The Offer in Compromise, Currently Not Collectible status, Installment Agreements, and Penalty Abatement. Designed specifically to reduce or restructure what you owe. But those programs aren't interchangeable. Each one has specific eligibility criteria, documentation requirements, and negotiation timelines. Submitting the wrong program, in the wrong order, with incomplete financials is one of the most common reasons people come to Total IRS Relief after a failed attempt somewhere else. The IRS doesn't give you a second shot just because your first submission was incomplete. Consider a typical case: a self-employed contractor hasn't filed returns for three years, owes back taxes with compounding penalties and interest, and has received a final notice of intent to levy. That taxpayer has legal options. But those options require someone who knows IRS collection procedure, speaks the agency's language, and can halt enforcement while negotiations proceed. That's not a do-it-yourself situation. And it's not one that benefits from a TV-advertised national debt mill where no one knows your name. The National Taxpayer Advocate has documented, repeatedly, that unrepresented taxpayers in collection cases fare significantly worse than those with qualified professionals in their corner. It's also worth saying plainly: not every IRS debt qualifies for a dramatic reduction. Offer in Compromise acceptance rates are selective, and the IRS scrutinizes financial disclosures carefully. What representation does, even in cases where a large settlement isn't possible, is stop the bleeding. It halts levies, protects wages, creates structure, and keeps the IRS from simply taking whatever it wants while you're still figuring out your options. That's the real value. And every week a taxpayer waits, penalties and interest compound. The IRS Data Book FY2023 doesn't suggest the agency is becoming more patient. The trend runs the other direction.

Executive Quotes William Sharpe, Enrolled Agent & Certified Tax Resolution Specialist, Total IRS Relief: "The IRS collected $98 billion in enforcement in a single year. And that number is going up, not down. What the data doesn't show is how many of those taxpayers had real options they never used because they waited too long or tried to handle it themselves. By the time a levy hits, you're not negotiating from strength anymore. You're reacting. That's the most expensive position to be in, and it was almost always avoidable."

William Sharpe, on why representation matters: "People think calling the IRS and explaining their situation will help. It won't. The IRS representative on the phone isn't your advocate. They're a collector doing their job. What actually moves the needle is knowing which program fits your financial picture, submitting a clean case file, and having someone on the phone who speaks collection procedure fluently. That's a trained professional. That's not something you improvise."

About Total IRS Relief

Total IRS Relief is a locally owned, family-rooted tax resolution firm based in Peoria, Illinois, with 50 years of combined experience in the tax industry. Led by William Sharpe, an Enrolled Agent and Certified Tax Resolution Specialist, the firm resolves IRS tax debt, removes liens and levies, addresses unfiled returns, and negotiates directly with the IRS so clients never have to. Total IRS Relief handles cases throughout Illinois and serves individuals, self-employed taxpayers, and business owners facing serious IRS collection action.

Media Contact William Sharpe, Enrolled Agent & CTRS Total IRS Relief info@totalirsrelief.com [mailto:info@totalirsrelief.com] (309) 000-0000 https://totalirsrelief.com/
Media Contact
Company Name: Total IRS Relief
Contact Person: William Sharpe
Email: Send Email [http://www.universalpressrelease.com/?pr=irs-collected-98b-in-fy2023-peoria-firm-warns-debtors-to-act-now]
City: Peoria
Country: United States
Website: https://totalirsrelief.com/

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. GetNews makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release IRS Collected $98B in FY2023. Peoria Firm Warns Debtors to Act Now here

News-ID: 4590875 • Views:

More Releases from Getnews

IRS Collected $104B in Enforcement Actions. Tampa Firm Responds
IRS Collected $104B in Enforcement Actions. Tampa Firm Responds
TAMPA, FL - The IRS collected more than $104 billion through enforcement activities in fiscal year 2024, according to the IRS Data Book FY2024. A figure that includes levies, liens, and wage garnishments hitting individual taxpayers and small business owners at rates not seen in over a decade. My Tax Relief Experts, a Tampa-based tax resolution firm led by CPA John F. McCaffrey, is issuing a direct warning to Florida
CDC: 38% of U.S. Adults Have Prediabetes. Most Don't Know It.
CDC: 38% of U.S. Adults Have Prediabetes. Most Don't Know It.
OKLAHOMA CITY, OK - The CDC's National Diabetes Statistics Report puts the number plainly: approximately 98 million American adults, 38% of the adult population, have prediabetes, and more than 80% of them don't know it. That's not a screening failure alone. According to Dr. Cassie Smith, dual board-certified endocrinologist and founder of Modern Endocrine, it's what happens when hormone and metabolic health gets divided across specialists who rarely talk to
CDC Data: 1 in 3 U.S. Women Cite Skin Sensitivity to Cosmetics
CDC Data: 1 in 3 U.S. Women Cite Skin Sensitivity to Cosmetics
As contact dermatitis from conventional makeup increases, a New Hampshire permanent cosmetics clinic is seeing a measurable shift in the reasons women book their first microblading appointment. A growing body of federal health data is reframing what was once a convenience trend into something closer to a medical workaround. According to the CDC's National Center for Health Statistics, allergic and irritant contact dermatitis affects an estimated one in three women in
IRS Collected $98B in FY2023. Illinois Taxpayers Are Running Out of Time
IRS Collected $98B in FY2023. Illinois Taxpayers Are Running Out of Time
NAPERVILLE, IL - The IRS collected $98.4 billion through enforcement actions in fiscal year 2023, according to the IRS Data Book FY2023. A figure that reflects a collections infrastructure that doesn't pause, negotiate on its own, or wait for taxpayers to feel ready. With IRS staffing rebuilt after years of funding shortfalls and enforcement capacity expanding, tax professionals are seeing a clear shift: collection actions that stalled during the pandemic

All 5 Releases


More Releases for IRS

Mobiniti Dedicated Toll-Free Numbers Handle IRS Negotiation Queries
United States, 17th Oct 2025 - Mobiniti's dedicated toll-free numbers are transforming how businesses manage IRS negotiation queries by offering a simple and effective communication tool. Through seamless integration with SMS platforms, businesses can provide clients with immediate access to dedicated lines, ensuring they receive expert assistance on tax-related matters without unnecessary delays. This solution improves customer satisfaction while streamlining the process of handling complex financial inquiries. How Toll-Free Numbers Enhance
The REBO Foundation Earns IRS 501(c)(3) Status
BARTLESVILLE, OK - October 15, 2025 - The Bartlesville Education Fund, operating publicly as The REBO Foundation, announced today that it has been officially recognized by the Internal Revenue Service (IRS) as a 501(c)(3) tax-exempt charitable organization, effective July 4, 2025 (EIN 39-2993969). The REBO Foundation's mission is to build shelters, rehabilitation centers, and mental health programs throughout Oklahoma and beyond. With this IRS determination, the organization can now accept tax-deductible
Torchlight Tax Offers Free Ebook on Understanding IRS Notices
Torchlight Tax LLC, a full service tax firm, is offering a free ebook entitled Understanding IRS Notices. Dave Horwedel, CEO of Torchlight Tax, says that many taxpayers are confused and traumatized by receiving an IRS notice. Mr.Horwedel stated "The IRS sends out a wide variety of notices to taxpayers that often strike fear into the heart of that taxpayer. If you understand what each type of notice is and
National Tax Debt Offers Help Amidst IRS Collections
Image: https://www.getnews.info/wp-content/uploads/2024/08/1724781499.png The Internal Revenue Service (IRS) is gearing up to intensify tax collections after a temporary lull during the COVID-19 pandemic. This heightened focus is largely due to increased funding from the Inflation Reduction Act, which has enabled the IRS to expand its workforce and enhance its collection capabilities. IRS Collections Resuming Taxpayers who owe back taxes should be aware that the IRS is becoming more aggressive in its collection efforts. This
Understanding IRS Notices and Navigating Effective Responses
Dealing with the Internal Revenue Service (IRS) can be a daunting task for many taxpayers. Whether it's a simple notification or a more complex issue, understanding the nuances of can significantly impact how one responds and resolves any issues presented. Identifying Different Types of IRS Notices The first step in managing Internal Revenue Service [https://sbkass.com/irs-notices-and-effective-responses/] communications effectively is to identify the type of notice you've received. The IRS sends various notices for
Things you need to know about IRS tax refunds
Tax season is here, and taxpayers across the United States are finalizing their tax filing strategies, as a high tax bill is not desirable at all. Taxpayers intend to obtain as much tax deduction as possible, and several attributes affect the total amount of taxes that are to be paid by a taxpayer. Every taxpayer needs to be aware of the IRS refunds they are entitled to so they can