What to Do If You Owe Back Taxes to the IRS
Greenberg Law Group, P.A.
Tax, Tax Return, Tax Specialists
Did you file your tax return last month? If you made a mistake and forgot to file, or if you did not file for some other reason, then sitting back and doing nothing can cost you. While hoping that the IRS does not notice may seem like a good idea, it is wise to seek the counsel of a tax lawyer in Weston who can help you get back on track with the IRS. If you put off paying your back taxes, the amount you owe will only continue to grow larger. Making an effort to pay your back taxes as soon as possible can go a long way toward resolving the problem.
If you did not file your taxes, you may find yourself hit with a failure-to-file penalty. This will penalty will accrue interest as well as your tax liability. If at all possible, you should try to pay what you owe, even if it is just a portion. Anything is better than nothing. One option available to you is to provide the IRS with an offer of compromise. This will require you to pay an application fee, and Greenberg Law Group, P.A. can help you with the filing of the required paperwork. An offer of compromise is usually much more preferable to paying and fines or fees you have racked up as a result of not filing on time.
If you would like to settle your back tax difficulties in Weston, calling a tax attorney who has knowledge of the IRS should be the first thing you do. You should also file your tax return immediately, because you will be able to minimize the amount of penalty fees you will have to pay, as they compound daily. You should try to pay as much of what you owe as you possibly can, and even borrowing money to pay your bill is a good idea. The interest you may be required to pay back on your loan could be significantly less than the interest you may owe to the IRS.
In order to avoid finding yourself in the same position when it comes time to file your taxes again next year, it is crucial to figure out what you are doing wrong and take steps to correct the problems. If you make enough positive changes, you may even be able to enjoy a tax refund next year. Greenberg Law Group, P.A. can provide you with trustworthy representation so you do not have to face your difficulties with the IRS alone. Call (954) 627-1843 to schedule a consultation with a tax lawyer in Weston today.
, Tax Return
, Tax Specialists