Back Taxes And Failure To File
One of the main functions of the IRS is to assess and collect all federal income taxes due, which specifically includes back taxes. With government support and financial backing, the IRS is essentially the world’s largest and most powerful collection agency: It has the power to seize bank accounts, garnish paychecks and sell assets to settle tax debt.
When facing such a powerful adversary, it is essential to have the nationwide tax attorneys of The W Tax Group on your side. IRS agents can easily overwhelm an individual who owes back taxes or has failed to file taxes. However, our tax law firm can level the playing field and give you the advantage of having a legal advocate on your side.
How Can I Pay If I Don’t Have The Money?
Many times, situations will fester if a taxpayer can’t easily pay their tax bill. If you don’t pay initially, you’ll be saddled with penalties and interest, and then you’ll owe even more — and you still won’t have the financial resources you need to take care of the obligation.
Fortunately, you have options. Our lawyers will lay out the remedies available to you in a free consultation, giving you a tax resolution plan so that your IRS issues don’t spiral even further out of control.
Your options might include an Offer in Compromise (OIC), where the IRS agrees to accept less than what you owe, or an installment agreement, where your tax debt is paid off over a period of several years rather than all at once.
We can also assist clients whose failure to file taxes has drawn the attention of IRS agents. Our legal team will file any missing returns based on the information we can gather. This is particularly important for filings covering the last three tax years, as you may be able to collect a refund for those years if you are due one.
Contact Us Now For A No-Obligation Consultation
The W Tax Group can help you make an informed decision about your options and recommend a course of action. Get your no-cost tax resolution plan to see what you may be eligible for. Call our firm today at 877-500-4930, or complete and submit our online contact form to get started.