If you have been assessed a tax bill that you cannot pay, know you will not be able to pay your taxes when due, or have unpaid income taxes due to the IRS or state it is important to understand how the IRS works so you can avoid any unnecessary penalties and interest and most importantly to understand what options are out there. Everyone’ssituation is different and there is not one solution for everyone in these types of cases.
To release your IRS wage garnishment, file back tax returns or settle your tax debt, call us today at 1-800-790-8574.
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**Over 5 Million in Tax Debt and Penalties Forgiven for our clients.
OPTIONS IF YOU CAN’T PAY TAXES OWED
Whether you have been assessed with a tax liability or you have an upcoming tax payment that is due and you know you won’t be able to pay it is important to understand the various options you have. The IRS realizes that this is a common problem and they have tried to create solutions that can meet the needs of every taxpayer in any situation. It is important to use the method that works best for your unique financial and personal situation.
UNPAID TAXES, PENALTIES, INTEREST AND CONSEQUENCES
The deadline for paying individual taxes is April 15th. Understand how unpaid or underpaid taxes are treated by the IRS and what types of penalties and interest you can expect to incur. If no actions are taken to resolve the unpaid tax amount know what actions the IRS is likely to take and what you can expect through each step of the collection process.
IRS UNDERPAYMENT PENALTIES & INTEREST: FAILURE TO PAY TAX PENALTY
Understand how the IRS charges penalties on taxpayers that underpay their taxes or fail to pay their taxes on time. The penalty for not paying taxes or under paying taxes is between 1/4% and 1% a month. Know how much you will be charged and if you will be able to remove these penalties.
IRS STATUTE OF LIMITATIONS FOR COLLECTIONS OF UNPAID TAXES
10 years is the rule of thumb for IRS collections on unpaid taxes. This rule varies by situation. Under some circumstances the statute of limitations may never expire. Understand the rules and how they apply to you.
UNPAID TAXES FAQs
Questions and answers to commonly asked questions about unpaid taxes. Understand what the penalties are, what actions may be taken by the IRS to ensure taxes are collected, and what you can do to get your unpaid tax problem resolved with the IRS.
We are tax relief experts specializing in IRS back tax help, Installment Agreements, tax lien help, wage garnishment release, IRS Offer in Compromises, tax debt forgiveness and a whole lot more. Get a free consultation from an experienced tax relief expert today (800)790-8574
Some Recent Tax Settlements:
Mr. Dillard – CA Owed $6884, IRS settled for $400
Mr. Batiste – LA Owed $18513, IRS settled for $2972
Mr. Johnson – CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez – TX Owed $28,816, IRS settled for $1700
Mr. Anthony – NY Owed $14,000, IRS settled for $900
Mr. Wilkes – CA Owed 32,211, IRS settled for $1250
Owe the IRS and need help? Call us to discuss your unique situation with Top Tax Attorney or IRS Enrolled Agent (800)790-8574 or visitwww.advancetaxrelief.com