IRS Back Tax Help
It doesn’t take much to fall behind on your taxes. Perhaps you mistakenly didn’t have enough withheld from your paycheck one year, and bam—you found yourself staring at a huge IRS bill. You didn’t know where you would find the money to pay it, so you put it off.
Next year, you might have been too nervous to file your next tax return because you still hadn’t paid last year’s bill. It started to pile up quickly, and before you knew it, you were really in trouble.
The first step to getting your tax issues straightened out is to make a commitment to prioritize your tax debt and get it taken care of before it’s too late.
The IRS does have the right to garnish your wages, levy your bank accounts, and even seize your personal property. It’s time to obtain IRS back tax help before the situation becomes even worse.
What Will Happen if You Don’t Address Your Back Taxes?
In most cases, taxpayers aren’t fully aware of the consequences they could face for failure to file and pay taxes. When you don’t file your taxes, the IRS can still see what you might owe, and it’s not going to be happy with you.
If you fail to pay your taxes, the IRS adds on huge penalties and interest charges, which make your situation much worse than it otherwise would have been. If this goes on for an extended period of time, the severity of the situation compounds. The IRS will take action against you if you wait—it’s only a matter of time.
The IRS has the right to garnish your paycheck, levy your bank accounts, and even seize your personal property like homes and vehicles. In some cases, failure to pay taxes can even land you in jail.
You don’t want to face these kinds of negative consequences, and that includes calls and letters from the IRS. There really is only one way to resolve issues with your back taxes: Face them. That being said, you don’t have to face them alone. Tax relief lawyers exist to help people like you get help with their IRS back taxes.
How Can a Tax Lawyer Help You?
A tax lawyer can help you with your IRS back taxes by going over your finances, your income, your other debts, your assets, and your personal situation and finding the best solution to get your taxes paid off once and for all. Handling this situation on your own is stressful and unnecessary when you can have legal help beside you.
Not only will your lawyer help you figure out how to pay your back taxes, but we can also communicate with the IRS on your behalf, taking some of that negativity out of your life. A few common methods used for resolving back tax issues are listed below:
- Offer in Compromise – An offer in compromise is a settlement agreement between you and the IRS. In some circumstances, the IRS may allow you to settle your back tax debt for less than the full amount you owe.
- Installment Agreements – Installment agreements can be a great way to pay your back tax debt through a monthly plan. You would still have to pay off all of your back taxes owed, but you could do it through an affordable monthly payment.
- Currently Not Collectible – If you truly don’t have the money to pay your taxes, it’s possible to get the IRS to stop collections by proving that your account should be placed in Currently Not Collectible status.
A qualified and experienced attorney with the W Tax Group can help you with any of the above back tax solutions and more.
Process to Solve Back Taxes
IRS Back Tax Assistance Is a Phone Call Away
There is no debt collector more intimidating than the IRS, and owing back taxes is like having a dark cloud hovering over your life. So if you’re feeling stressed and worried about how to pay off your back taxes, you should realize this issue has been solved thousands of times before and it can be done for you as well.
Get the IRS back tax help you need by calling the W Tax Group today