Everyone, as U.S. citizens, is well aware of their responsibility to pay federal IRS taxes.. There is no escaping the discomfort and feelings of guilt if you have not filed your taxes for a year or several years for that matter. If you are in this situation there are two possible courses of action you can take. One, you can file your past due tax returns and pay the amount of back taxes owed; or two, do nothing at all hoping you won’t be found. This second option comes with serious financial complications, and great fear and stress. More than likely, the IRS will find you and your tax debt will be out of control with penalties and interest added. In addition, your bank account may be frozen and your wages garnished.
Not doing anything at all is tempting. You become overwhelmed with the thoughts of having to locate old records, replacing lost records, filling out unfamiliar forms and figuring out how to pay your tax debt. In addition, the idea of dealing directly with the IRS is frightening. But are you willing to live with the gnawing feeling that sooner or later you will hear from the IRS? The longer you delay facing the consequences of your tax debt delinquency, the greater amount you will owe to the IRS. Wouldn’t you rather face facts now, rather than when you receive an IRS Notice of a Federal Tax Lien or a Notice of a Bank Levy?
If you seek professional advice from our Alaska tax service team, you may be surprised to learn that the fastest and least costly way out of your tax debt problems is to settle your back taxes now. If you are thinking in a year or two, you might be in a better position to settle your back taxes, you are probably mistaken. Delaying back tax relief will only compound your difficulties and increase your financial liability. The time spent attempting to resolve your tax debt alone may cause you to miss your best opportunity for back tax relief. It is worth your financial security and peace of mind to contact a reputable Alaska tax service company that offers back tax relief.
If you are hesitant to take action because you cannot immediately pay your tax debt in full, it is imperative you call an Alaska tax attorney now. The IRS offers an Offer in Compromise back tax relief program for which you might qualify. Alaska tax attorneys can assess your situation, determine if you could qualify, and help you with the process. A good Alaska tax service can help you settle your tax debt problem by negotiating with the IRS on your behalf. It is best to place your IRS tax debt issues in the hands of Alaska tax attorneys. They are experts in back tax relief, affording their clients peace of mind.
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