Posts Tagged ‘backtaxes’

If You Owe IRS Back Taxes, Don’t Wait to Be Ratted Out by a Whistleblower as IRS Ramps up Increasingly Aggressive Push for Compliance

Wednesday, April 21st, 2010

Although April 15th has already come and gone this year it might be too soon to let out a sigh of relief.  The IRS is coming down hard on non-compliant taxpayers. They’ve recently ramped up the Whistleblowers Program–a form of tattle-tail for adults–that could result in an extensive and frustrating battle between you and the IRS if you’ve neglected obtaining IRS Tax Relief and still owe back taxes.
The Whistleblowers Program
[Read More]

Tags: , , , , , , , , , , , , , ,
Posted in Back Taxes, tax help | 2 Comments »

For reasons that aren’t worth describing here, I’m in trouble. Whereas I once made six figures, I now make a roughly average income. Worst still, I owe a lot of money in back taxes – taxes owed for when I was making good money. In all, I owe about $127,000, according to an accountant. I don’t have that kind of money! What can I do?

Sunday, June 10th, 2007

Unfortunately, yours is an all too common situation. American taxpayers who fall on hard times often have difficulty paying their back taxes.
It happens. But it doesn’t mean the end of your life, and it certainly doesn’t mean financial ruin.
The first thing you should do is consult a qualified tax professional. Oftentimes, the amount owed to the IRS is inflated due to a variety of reasons, and there
[Read More]

Tags: , ,
Posted in IRS Installment Agreements, IRS Question Corner, IRS Times and Inquirer, Offers in Compromise | No Comments »