Almost any type of money you earn or are given (alimony, for example) qualifies as taxable income. Individuals must file a yearly income tax return and pay any taxes owed at the time of filing. Businesses typically must also file payroll taxes quarterly (four times each year). Failing to file, not filing on time and not paying at the time of filing all cause significant problems. When faced with a notice from the IRS that you owe back taxes, it's best to seek help from a professional. Click Here For Income Tax Help!
Professional tax specialists can help by first reviewing the alleged source of the income tax owed. In some cases, the IRS has made a mistake and you do not owe back taxes, or owe much less than the IRS thinks you do. However, even when this is the case, you will have to prove that it is the IRS's mistake. Help is often needed to convince the IRS. Qualified tax attorneys, such as our skilled Tax Tiger lawyers, can collect the necessary documents and use them effectively to help get the IRS to erase your debt.
Income Tax Help Is Available via Consultation
If the IRS is correct that you owe income tax, we can ensure that the debt doesn't cause other problems. Interest and penalties will have accrued on your tax debt dating back to the time it should have been paid. Left alone, these penalties and interest continue to add to your debt.
Tax Tiger's team of tax professionals specializes in negotiating settlements (called offers in compromise) with the IRS. In fact, we have convinced the IRS to settle tax debt for as low as $10! These are not results you can obtain without help, so call Tax Tiger today for a free consultation
