Problems With Back Taxes?

You pay your bills on time, though you still live paycheck-to-paycheck. You filed your Internal Revenue Service tax return on time but were not able to pay the bill. You barely have enough money to pay your other monthly bills. What do you do about your IRS problems? Do you just ignore what you owe and hope it goes away? No, please don’t do that. If there’s one problem that will never go away, it’s your IRS tax bill. That bill is as dependable as old age.

So what can you do to fix your tax problems, and protect yourself from liens and wage garnishments? You had some bad luck last year, and though you filed your tax return, it arrived at the IRS office without the money you owe. If you make contact with the IRS, there’s a bevy of resolutions you can pursue depending on your situation. A few examples include:

• Pay the IRS pennies on the dollar with the Offer in Compromise.
• You can negotiate an installment agreement and pay monthly just like you would your car payment.
• And though marriage may not last a life time, the bills your former wife or husband left you with could. You can make arrangements to pay back your taxes through the innocent spouse or injured spouse program.
• Penalty abatement is a method of reducing or removing any additional tax penalties even though you have not paid back your taxes in full.

However, all these methods are dependent on one thing — contacting the IRS and starting the negotiation process. If you do nothing, the penalties and interest continue to pile up. And next year you’re in an even more precarious position.

Problems that can arise from late returns for both IRS and state taxes include federal tax liens, wage garnishments and bank levies, and large tax penalties with interest.

When you owe the IRS or the State any taxes, time is not on your side.

We have helped hundreds of taxpayers resolve their tax problems by providing the following services:

• IRS Offer in Compromise (OIC)
• Currently Non-Collectible Status (CNC)
• Installment Agreements (IA)
• Streamlined Installment Agreements (SIA)
• Penalty Abatement
• Bank Levy Release
• Injured Spouse Relief

To see if we can help you, too, call us toll-free at 855-895-1892 (7 days a week / 9 a.m. – 9 p.m. CST) or fill out our online contact form. There’s no obligation. We’ll learn about your tax situation and develop a customized solution with you based on your needs.