Ignoring Back Taxes Owed Does NOT Make Them Go Away!
If you have not filed one or more tax returns, you are probably very worried and scared about what will happen next. The longer you wait to catch up your returns and pay any back taxes owed, the worse your situation becomes. If you don’t file returns voluntarily, the IRS may file a “Substitute Return” for you, which will not give you credit for deductions and exemptions you may be entitled to receive. You will be assessed for any taxes owed and receive a Notice of Delinquency proposing a tax assessment. If you do not file a return within 90 days or file a petition in Tax Court, the IRS will begin a series of actions against you, which can include:
If you have received a Notice of Delinquency, the worst thing you can do is ignore it. Penalties and interest will be added to the amount you already owe and you could face possible criminal prosecution. We know how frightening this can be and we want to help!
Ignoring your back taxes owed and notices from the IRS does NOT make them go away – it just makes things worse. We can help you file your returns and ensure that you receive credit for all deductions and exemptions which you are entitled to claim. If you owe more than you can pay, we can represent you to the IRS and help you negotiate a payment plan or Offer In Compromise that will stop all further actions against you. If you are receiving letters from the IRS, it is imperative you act NOW to stop further actions. Contact us today and let’s get started the next steps to solving your tax problems.
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