Taxes have always been a concern, especially if we do not have the money to pay them by April 15th each year. Since the recession has hit our country, more and more people are struggling with less income or none at all. And tax time still rolls around. Many have made the decision to skip filing their taxes this year in order to make ends meet. Although there may be a good reason you are unable to pay your taxes, the Internal Revenue Service has no way of knowing your specific circumstances. And failing to file is the worst way to deal with an inability to pay.
The Internal Revenue Service can be harsh when it comes to collecting tax debts. Ignoring their notices, missing set deadlines and refusing to communicate with them forces the Internal Revenue Service to take severe action such as bank levies and wage garnishments.
You cannot win against the Internal Revenue Service unless you have a qualified reason for pleading your case in court. The key word is “qualified”. There are many situations that will help a taxpayer qualify for tax relief, but you need the help of a tax expert to prepare your documents and present your case in order to win. As much as possible, you must protect yourself from being frightened into a tax debt settlement that can cripple your financial future. The internal Revenue Service has many stern collection tactics that can easily manipulate you into paying an exorbitant tax debt rather than availing yourself of one of the tax relief programs.
The Internal Revenue Service is a powerful organization with the ability to utilize many different agencies to locate delinquent taxpayers. Moving and hiding only makes matters worse while your tax debt is mounting each day as penalties and interest compound. Also, never falsify your tax return as it is a criminal offense which can result in prison time. Facing your tax obligation now, with honesty and cooperation, strengthens your chance to qualify for tax relief.
It is imperative you hire a professional tax specialist to help negotiate the resolution of your back tax debt. A tax professional has the experience and knowledge to help you obtain the tax relief program that is best for you. The Internal Revenue Service will not stop pursuing collection unless an agreement has been obtained and payments have begun.