Do You Owe Taxes to the IRS? Stop Hiding

Last updated on July 26, 2021

Owing taxes to the IRS is one of the most common tax problems faced by American taxpayers. If you owe taxes to the IRS, you do not need to hide, you need to resolve it. The truth is that the IRS, sooner or later, pursues taxpayers to collect taxes they owe to the government. In cases where taxpayers ignore or refuse to pay their tax debt, the IRS uses aggressive collection actions such as seizure of property and/or assets.

If You Owe Taxes Due to Failure to File

Many times taxpayers miss the filing date of taxes due to unavoidable circumstances. If taxpayers have not filed for IRS extension of time for filing of taxes, the amount of taxes they are required to pay to the IRS are considered tax debt by the IRS on which they charge penalty and interest.

Taxpayers who know they will not be able to file taxes by the due date for the year may apply for an extension of time to avoid getting into tax debt. Those taxpayers who owe taxes to the IRS due to failure to file on time may pay off their tax debt in a single payment or choose an IRS debt payment program such as Installment Agreement. Taxpayers must remember that the amount they will need to pay to the IRS will include penalties for failure to file and interest on the total amount they owe in taxes.

Owe Taxes for Years? Resolve it Today

If you owe taxes to the IRS that has piled up for years, you need quick resolution of your tax debt problem. Resolving the issue immediately saves taxpayers from aggressive IRS collection actions such as tax lien and tax levy.

Taxpayers if they are unable to pay their tax debt in full in a single payment can choose from various IRS debt payment programs such as Installment Agreement, Currently Not Collectible, Offer in Compromise and Partial Payment Installment Agreement. All these payment programs have qualifying guidelines that need to be met.

Help for Resolution of Taxes You Owe

Most taxpayers who owe taxes take the help of tax resolution companies or tax professionals for quick and successful resolution of their tax debt problem. Taking help ensures that taxpayers get the best possible solution to their tax problem.

Tax services provide in-depth analysis of a tax debt problem, helps in matching taxpayers with the most appropriate IRS debt payment program, and negotiates with the IRS for tax reduction and penalty reduction (if the case allows it).

Getting the right help at any stage of the tax debt problem will make a difference in the quality of solution you achieve. As most taxpayers are not acquainted with tax laws, tax codes and IRS policies, they find it difficult to negotiate with the IRS. Tax resolution companies house tax attorneys and enrolled agents who have expertise and experience in achieving best results for taxpayers. Therefore, it is in the interest of taxpayers to choose an honest and experienced tax service if they owe taxes and want to gain back their peace of mind.