Problems with the IRS are something that no one wants to face, but there are many people who have tax problems. If you are one of these people, there are a number of steps that you can try which will help you fix these problems. Some of these steps might seem like common sense, but there are many people who ignore them.
If you have problems with the IRS or other concerns over tax levies, not opening your mail from them will not help. Tax problems do not go away if you ignore them for long enough and sitting on your mail will not help you. The information that is provided by the IRS in these letters will generally include ways that you can fix the problem. There is also the fact that the information in the mail is generally not as bad as you think it is.
There are many people who feel that they will not be able to pay what they owe and do not file their tax returns. This is not a good solution as it will compound the problem that you have. You should always file your returns on time, but if you are late it is still better to file them late than to not file them at all.
Filing late will incur a penalty, but not filing at all will also have a penalty. When you file your tax return you will be able to stop some of the bleeding. Filing your returns will also help you assess what you owe and get the statute of limitations rolling.
Pay Over Time
There are many people who want to pay their tax debts, but are not able to do so in a single lump sum. If you are one of these people, you can actually make an arrangement with the IRS to pay over time. This will help you ward off some of the worse consequences of not paying such as levies, liens and wage garnishes. One of the best things about setting up a payment plan with the IRS is that you will not have to speak to a real person to do so.
Keep An Eye Out For Amnesty Programs
You can help to reduce the amount of tax you own by using one of the IRS amnesty programs. These programs are not always in effect and will generally be offered on a state level. Of course, you should not wait until an amnesty program is available before you take action. For further queries visit the Dean Hines Lawyer – Tax Attorney website.