For those taxpayers who filed last April for an extension, time is running out to file any delinquent tax returns and avoid crippling IRS problems. However, if you were one of many who lack the funds to pay IRS back taxes in full, you may be tempted to not file a tax return at all. And that is a big mistake.
The worst thing to do is avoid tax obligations. I would rather owe my mother-in-law than land on the wrong side of the IRS. Having tax debt means you are going up against the most aggressive and brutal collection agency on the planet. It’s time that you “Man Up” to your IRS tax problems!
I strongly urge you to make paying your taxes a high priority. Credit-card finance charges pale in comparison to the amount owed the IRS when penalties and interest are calculated into the whole. Those taxpayers who do not file tax returns on time are hit with up to a 25 percent penalty for failure to file, and interest mounts up quickly. The IRS also has the broadest latitude of any creditor to pursue a delinquent taxpayer for tax debt owed, including wage and asset garnishments.
So even if you don’t have the money to pay your back taxes or charge them to your credit cards, there are things you can do NOW to avoid crippling IRS problems in the future.
A qualified tax attorney or tax relief professional can negotiate an IRS settlement to help you preserve your financial well-being to the greatest degree possible. Often this involves negotiating that your account be placed in a “currently not collectible” status so you will not be required to make payments and the IRS will not pursue collection action.
To learn more, go to What to Do Before the October 15th Tax Extension Deadline if You Need Tax Help for Un-filed Tax Returns or IRS Back Taxes or click http://www.taxresolution.com/back-taxes-unfiled-tax-returns.asp.
Tax Resolution Services, Co. is a team of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who has a success rate of 90% – second to none in the industry – and an Offer in Compromise Settlement Rate of $0.11 on the dollar. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call (888) 699-7630.
More Tax Help, IRS News and Tax Relief Tips:
- Release Your IRS Bank Levy: How a Tax Attorney or Certified Tax Resolution Specialist Can Give You an Advantage
- Tax Help News: IRS Enforcement to Get Priority, Big Bucks in 2010
- IRS Tax Relief: Seven Common Income Tax Relief Myths That Can Get You into IRS Trouble
- Finding Tax Help for IRS Tax Debt
- Your Unfiled Delinquent Tax Return Checklist: Stop the IRS Now and Avoid Steep Interest and Penalties from Accumulating
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