If you have IRS tax problems that are causing you stress, making your financial situation worse or adding to your overall debt, then it’s important to take action as soon as possible.
Depending on your situation, there are a variety of solutions that could help get you back on track. By seeking the help of a professional tax attorney, you may be able to stop the IRS from sending you threatening notices and also potentially reduce your tax debt.
The sooner you act, the better. Whether you’ve just begun receiving letters about your unpaid back taxes, or you have already been hit with the IRS’s aggressive collection methods, you may be able to turn things around by having a tax professional address the situation immediately.
See if your current IRS tax problems are listed below and how you can take the appropriate steps toward resolution.
Do these IRS tax problems sound familiar?
1) You owe back taxes, but can’t afford them.This is typically the start of most individual’s IRS tax problems. They owe taxes on previous returns, but simply haven’t been able to pay them. The problem is, when those taxes continue to go unpaid, the IRS takes increasingly harsh steps to collecting that money from you. Don’t let the situation get any worse!
Solution: Offer in Compromise
If you are unable to afford your back taxes, your tax attorney will negotiate an offer in compromise, which is an agreement between you and the IRS that could settle your debt for less than the full amount owed.
2) You’re a business owner who has failed to pay payroll taxes. When businesses struggle, some try to maintain cash flow and keep operations going by not filing payroll taxes that have been collected from employee paychecks. This is not the right move and it could result in potential civil and criminal sanctions, as well as your assets being seized.
Solution: Payroll tax representation A skilled payroll tax professional will fight on your behalf to save your business and work toward a more satisfactory resolution in your favor.
3) Your tax debt is increasing.Tax penalties can make up to 25% of the total amount owed, creating even bigger obstacles for your financial situation. The longer you wait to act, the more that debt will increase through penalties and interest.
Solution: Penalty abatement A tax professional will work toward having your penalties abated or partially removed to make your tax debt more manageable if you meet certain requirements set by the IRS.
4) The IRS is taking money out of your paychecks or bank accounts. Wage garnishment and account levies are collection actions that enable the IRS to take money from you, even if you don’t pay them directly. If your accounts have been levied, it’s not too late to take action.
Solution: Levy release Your tax professional could help you obtain relief for these IRS tax problems by releasing the levy, so that you’re more financially prepared to begin paying down your debt.
Have other IRS tax problems? Get help today
If you are experiencing any tax problem get the relief you need by calling US Tax Shield.
Rated A+ by the Better Business Bureau, US Tax Shield offers a variety of effective tax relief services that could help get the IRS off your back and potentially save you money. We’ve helped thousands of clients turn their tax situations around, and we’ll fight to do the same for you.
Call 877-829-3535 for a free, no-obligation consultation with a tax advisor at US Tax Shield.