Dealing with Back Taxes

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A lot of people need to pay back taxes. If you’re one of them, it will not go away if you ignore it. You might be afraid that doing something about it, will result in more problems. We know that IRS issues can be alarming. It’s serious. It must be addressed right away, otherwise you’ll be assessed with more debt due to the addition of interest and penalty charges. You will lessen your IRS issues with our aid. Waiting one more day might be too late. Start the process now so you and your family can start a new chapter in your lives.  Click here to watch or read more information on IRS Back Taxes.

Click here to read or watch more IRS Problem resources.

Techniques, such as wage garnishments or levies, written or personal audits, seizure of assets, federal tax liens, and the possibility of prison are employed by the IRS. An understanding of them can help you address back tax.

Did you know that the IRS is ripe for negotiation? Negotiate? Indeed, you can. Negotiations with the IRS may serve to reduce the amount you owe. Reducing the figure to a figure you can afford to settle can get the IRS off your case. Possibilities like salary garnishment release, offer in compromise (OIC), currently not collectible status, installment deal, bank levy release, and innocent spouse relief can also be considered.

Your back tax can be taken care of through the following:

  • Get your W2s, tax forms, and other tax documents together.
  • Prepare your tax returns.
  • You might have a refund pending, so protect that.
  • Your tax debts should be paid in full.
  • Plan to reduce your taxes for next year.

It’s important to remember that when filing back tax, you must file on paper and they should be mailed to the IRS. You cannot file electronically. If you have multiple years to file, mail each year in a separate envelope and send each as Certified Mail. This proves receipt that the mail was received by the IRS. You may also deliver your tax returns yourself. This is especially important if there is a time factor. Take along copies of each return and have them stamped as evidence that they were received.

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