Many people in Atlanta have received notices from the IRS about unpaid taxes. While this may be stressful, there’s no need to worry. The IRS has implemented programs to help you pay off your tax debt without causing financial hardship. There are a number of payment options available including credit card payment, electronic funds transfer, or online payment.
Sometimes even the most responsible Atlanta taxpayer may experience trouble paying their back taxes. You can request additional time to pay your tax obligation through a delay for temporary hardship when your expenses exceed your ability to pay. You also may be eligible for an installment plan. Installment plans can help you extend payments over time however you will accrue interest.
Some people voluntarily change their W-4 (Employee’s Withholding Allowance Certificate) with their employer so money can automatically be taken out of their paycheck to pay their tax bill over time.
Others in Atlanta may attempt to handle their unpaid IRS taxes on their own. However, the best thing you can do is consult a knowledgeable back taxes attorney. The legal process surrounding back taxes can be hard to negotiate and if you try to work out an agreement with the IRS on your own, you may get locked into a payment plan that is not in your best interest. Also, you may get rejected for a program that you are eligible for due to a misstep during the legal proceedings.
At Tax Resolution, we have amassed 30 years of taxpayer advocacy experience and will work with you to find the payment program that works best for your unique situation.
Back Taxes are taxes that were not paid the year that they were due or additional tax due following an IRS audit. Unpaid taxes can have serious consequences, especially if you are unable to pay back the full amount owed. Responsible taxpayers who lack the means to repay taxes can often negotiate a lesser settlement via an offer in compromise with the IRS either directly or through a back taxes advocate at Tax Resolution.
Generally, penalties occur if you failed to file or pay taxes on time. Sometimes the IRS will abate penalties if a situation is justified. Usually, this means that you were the victim of a crime, substance abuse, mental disease or natural disaster. However, to qualify for abatement you must be able to provide sufficient evidence.
Back taxes may be reduced if the IRS agrees to accept an offer in compromise. An offer in compromise is an agreement between the taxpayer and the IRS that settles the tax liability for a reduced amount. If your offer is accepted, it’s because the IRS determines that it is more valuable than trying to collect the full amount of back taxes over a long period of time. There are certain qualifications that determine your eligibility to propose an offer in compromise and a back taxes advocate at Tax Resolution can assist you with this process.
Some unpaid taxes can be reduced or eliminated by filing for Chapter 7 bankruptcy. There are specific rules that apply to the discharge of taxes through bankruptcy so if you are considering this option it’s important to consult with an experienced back taxes advocate at Tax Resolution before beginning any kind of legal proceedings.
Another option for handling unpaid tax debt is to wait for the statute of limitations to expire. Generally, the IRS’ warrant to collect unpaid tax liability expires after ten years. There are certain situations when this is not the case and the IRS can still place a lien on your property or wages. Be sure to speak to an experienced back taxes advocate at Tax Resolution before pursuing this avenue.
It is rare for the IRS to prosecute a person for back taxes. The IRS will typically not prosecute someone for tax delinquency if they voluntarily come forward and make arrangements to pay their debt. The only time that the IRS and Justice Department would prosecute you for back taxes is if the amount is very large and you have committed some kind of fraud. If you are concerned about being prosecuted by the IRS, contact Tax Resolution at 678-905-8686 to discuss your unique situation