What to Do If You Owe Back Taxes to the IRS

By: Greenberg Law Group, P.A.  05/27/2014
Keywords: 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.

Keywords: Tax, Tax Return, Tax Specialists

Contact Greenberg Law Group, P.A.

Email

Print this page

Other news and updates from Greenberg Law Group, P.A.

04/15/2014

Fight Back Against a Tax Lien

One of the most frightening things anyone can experience is losing their home. Unfortunately, it’s reality for many people in


03/20/2014

Greenberg Law Group, P.A. can represent you before the IRS

Avoid facing an Audit alone and have experienced tax attorney working for you and representing you in front of the


Common Tax Problems in Fort Lauderdale from Greenberg Law Group, P.A. thumbnail
02/05/2014

Common Tax Problems in Fort Lauderdale

The night of December 16, 1776 was unremarkable in many places, but not in Boston Massachusetts. In one of the


How Will a Divorce Affect my Taxes? from Greenberg Law Group, P.A. thumbnail
01/22/2014

How Will a Divorce Affect my Taxes?

Divorce can be a messy situation. When you make a commitment to spend the rest of your life with someone


Know Your Rights When Dealing With Tax Examinations from Greenberg Law Group, P.A. thumbnail
12/11/2013

Know Your Rights When Dealing With Tax Examinations

Everyone deserves to be treated with fairness by the IRS when going through the tax process. Most people file their


11/08/2013

How to Deal With Tax Audits

Greenberg Law Group, P.A. can help you deal with your tax audits.


Is the IRS Giving You a Hard Time? Call Ross Greenberg Today! from Greenberg Law Group, P.A. thumbnail
10/25/2013

Is the IRS Giving You a Hard Time? Call Ross Greenberg Today!

The Greenberg Law Group has the experience and skill to represent you in the face of the IRS. Call today for a consultation and find out what a tax attorney in Fort Lauderdale can do for you.