Filed returned but didn’t have money to pay what you owed to IRS. IRS tax debt is certainly stressful and it’s truly amazing how fast tax penalties and interest add up. Write a check and pay the full amount, including interest and penalties. Or you can just keep ignoring them while the penalties and interest keep piling up.
We offer several options if you have back taxes owed.
1 We will complete your detail return review to make sure that your returns were filed accurately and completely.
2 It will help us to find errors and omissions and ensure that you pay the lowest tax liability legally possible.
3 It very common that taxpayers’ failed to claim deduction or credit because you or your previous preparer didn’t ask the proper questions or were unfamiliar with areas of the tax code that may be applicable to your situation.
4 If you have received an IRS notice that there are back taxes owed, it is important to not automatically assume that the information is correct. The information on the notice is limited to only information reported to the IRS (such as wages from your W-2) and will not include information not reported to the IRS (such as qualification for dependent exemptions, credits, deductions, etc.).
5 Even if your tax liability is 100% correct, there are many options available to get caught up with your tax debt and we may even be able to assist in reducing your penalties on any valid tax liability. We don’t feel it is fair or truthful to give you the impression that your tax debt can be settled for pennies on the dollar, as the reality is that that happens in very limited situations.