Paying back taxes seems quite simple; you just have to file any delinquent returns. However, failing to file tax returns leads to accrued interest, penalties, and even potential criminal charges. If you are unsure of how to file back taxes properly, tax professionals can file for you or show you how. Keep in mind that it's vital that you file your returns even if you cannot afford to pay the tax you owe. Click Here For How To Pay Back Taxes!
The second step in learning how to file your back taxes is assessing your situation. The sooner you begin to deal with your back taxes, the more options you have. The longer your taxes remain unpaid, the more likely the IRS is to take collection action. The IRS can even garnish your wages to collect the taxes you owe or place a lien on all of your property, thus limiting your ability to sell or transfer those assets. If you wait too long, the IRS can even place a levy on your bank account and force your bank to send your money to the IRS.
Let the Professionals Show You How to Pay Back Taxes
Tax professionals such as Tax Tiger can advise you on how to pay your back taxes to avoid or stop IRS collection. If you simply cannot afford to pay your back taxes all at once, an installment payment plan can be negotiated with the IRS. If you could never afford to pay your tax debt, you may be able to settle your back taxes for a lower amount.
Our Tax Tiger team specializes in securing the best possible solution to your tax problem. Tax Tiger attorneys have nearly 50 years of experience negotiating with the IRS, so they know how to get the results you're looking for. Consultations with our tax attorneys are always free, and you can find out more by calling Tax Tiger today.
