If you have IRS Problems and are in need of some tax debt relief, what are your options? Click here to watch or read more information on IRS Back Taxes.
One of the worse things you can do is ignore the fact that you owe back taxes. The IRS will continue to add both penalties and interest to what you owe so the amount due will grow. Both your financial and emotional burdens will escalate as well.
To help you settle your back taxes or any other IRS Problems you may have, you need the help of a professional. Our knowledgeable staff can evaluate your situation and guide you through the necessary process to solve your IRS Problems and get you and your family’s emotional and financial situation back on track.
The IRS has to notify you of any tax return errors or subsequent audits they may want to conduct. At these times, follow all the requirements and deadlines. Give them only the information they have requested, nothing more. If you add information to what they have requested, you may be setting yourself up for more IRS Problems.
To avoid added penalties and interest, possible wage garnishment, frozen bank accounts, or even jail, you must act in a timely manner. Gather the information, sign any necessary papers, and return them. If you disagree with the IRS’s findings, you have the right to an appeal. Again, follow the requirements and deadlines as stated.
Remember, if you cannot pay your back taxes, it is possible to negotiate with the IRS for an Offer in Compromise, installment agreement, or even an unable to collect status. With the help of our staff, you will be able to determine which of these options to pursue. Your current financial situation will be one of the many factors evaluated.After you have decided on an option, we can help you fill out the necessary forms and file them with the IRS.
One last option is filing for bankruptcy. This option should be considered carefully as it can affect you and your family’s lifestyle for up to ten years. It is also important to note that filing for bankruptcy does not eliminate your back taxes. You could still owe taxes at the end of the bankruptcy term.
Using the assistance of our staff will help you to better understand these processes and will allow you to be in control of your situation. Do not hesitate to contact us so we can help you solve your IRS Problems. You and your family will benefit from not having IRS Problems and can start enjoying life. Call us today.