Can You Get Help With Back Taxes?
If you are like many Americans who are having trouble keeping up with finances these days then you may have also found yourself a year or two behind on paying your taxes. Perhaps you even skipped filing for a few years. Left unresolved, unpaid tax debt or unfiled tax returns can result in aggressive collection efforts by the IRS. These actions may include the assessment of penalties and interest, the imposition of tax liens or levies and the initiation of wage garnishments among other things. The good news is that you can get help with your back taxes. A licensed tax professional is familiar with all of the tax settlement options available and can be invaluable when you are faced with the often aggressive collection actions of the IRS.
Do You Have to Pay Back Taxes?
Unlike many other types of creditors, the IRS has a wide range of powers that allow them to collect unpaid taxes. However, they also have numerous programs intended to relieve taxpayers who are simply unable to pay their tax debt. Although the programs are often complicated and the qualification criteria are very specific, the settlement options offered by the IRS can provide significant tax debt relief when they are applied for properly. Depending on your financial situation you may be eligible for an Offer in Compromise whereby the IRS or State settles a tax debt for an amount significantly less than the actual amount owed. You may also be eligible to have you account classified as “currently not collectible” in which case the IRS temporarily suspends the collection activity on your account once they have determined that you do not have the resources to pay the amount owed.
Where Can You Get Help With Back Taxes?
Tax settlement services are offered by a variety of different types of companies. Certified Public Accountants, Attorneys and Enrolled Agents as well as unlicensed providers all offer tax settlement services. As shown recently in the news, the tax settlement industry is plagued by companies who are apparently taking advantage of consumers who find themselves in desperate circumstances. One of the most important things to consider when selecting a professional to help you resolve a tax debt is to choose someone who specializes in tax settlement issues. A professional who deals with these types of cases on a regular basis will be the most familiar with the settlement options available. Another important consideration is to select a licensed tax professional with a verifiable license history.
How Can Professional Tax Resolution Help With Back Taxes?
We are a tax settlement firm with over 15 years of experience helping clients resolve even the most complicated tax debt issues. Unlike many CPA firms, tax debt resolution is our entire business. Because we resolve tax debt issues all day, every day, we have the professional knowledge and experience to select the tax settlement option that will best meet your specific needs. Our firm will begin at the source of your tax debt problem and follow it through to a complete resolution. We are professional accountants, not sales people. We do things the right way and bring financial integrity to the tax debt resolution market.
