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The IRS can really put the fear into you and the temptation to delay dealing with IRS debt settlement can be strong. The problem is that if you delay dealing with your mounting IRS problems you will pay dearly for it in the future. Luckily, you can settle your tax debt in many different ways and usually with the benefit being yours in terms of limiting your debt liability. The IRS wants to settle too. They don’t want your debt on the books because they want their money and the sooner the better.

But, even though there needs to be expediency in dealing with tax debt issues, you don’t want to throw away the baby with the bath water. People all too often leave money on the table when dealing with the IRS because they are scared and just want it over with. The IRS banks on exactly that kind of scenario and will take advantage of it at every turn. No one should leave their hard earned dough on the table for the IRS to snatch up like jackals. You have many options available to you and should make yourself aware of them.

Your IRS settlement can be on your terms if you play your cards right. The smartest way of dealing with IRS problems is consult a tax expert who knows the inner workings of the IRS as well as the ever changing tax codes and laws. Tax experts know how to use the regulations and codes in your favor and can do a great job chopping that IRS debt down to a manageable level. They are there to advocate for your best interest and see to it that you are not taken advantage of. By letting go of the reigns, you will relieve yourself from all the stress and heartache IRS debt can cause.

The main thing is not to panic in light of making an IRS debt settlement deal. It is not the end of the world and when approached and dealt with appropriately you can come up with an advantageous IRS debt settlement deal and wipe that nagging tax issue off of your plate. Just remember as aforementioned deal with the problem as quickly as you can. Do not let the IRS g
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does anyone know exactly when all the computer glitches will be fixed and the IRS will stop changing peoples dates? My refund status is still not updated yet as well as several other people?

I dont call every day by the way.

What do you do to make sure that you are keeping the money legally? For example, do you file it on your taxes, and if you do, are you required to show proof of where it came from or could it just be filed as an asset? What else might you need to do?

i was dissalllowed an eic 3 years ago and have not claimed it since, must i include from 8862 with my return. what documents are sufficent enought to prove that we lived in the same home. i have no bills coming to that address. will they give it to me or will they give me trouble?
have lease, all bills in landlords name. paystubs. car registration. cell phone bills.

If you filed for an extension to file your tax returns in April, your taxes must be filed by October 15. The worst thing in the world you can do is not file your income tax return on time because you don’t have money to pay what’s owed!  Here’s what you need to do, if this is your situation: File your tax return on or before October 15th and send it in with a money order or cashier’s check for $10.00.  This will ensure two hugely important things:

1.) It will take the IRS’s power away to assess a 25% failure to file penalty away, and 2.) it will create a computerized record at IRS that you filed on time and made a good faith and credible effort to pay something.

So those of your who have been procrastinating better wake up! And for anyone who can’t afford to pay your taxes come April 15th or October 15 – know that you’re not alone.  It’s a common problem and a lot of people end up in tax trouble because they don’t file their tax returns on time even with an extension because they don’t have the money to pay.

Here’s what you can do before the October 15 tax extension deadline if you have unfiled tax returns or IRS debt from back taxes:

•    Get a good tax attorney or tax resolution specialist. You are in dangerous waters here where only an expert tax resolution specialist or tax attorney can help you. To get the back taxes help you need, contact a tax attorney or tax resolution specialist. They are on your side. The IRS is not.

•    You need a sense of urgency. If you haven’t filed your tax return before the April 15th deadline, you need to file for an extension using Tax Form 4868, Application for Automatic Extension of Time To File U.S. Income Tax Return. Not filing your taxes is the worst thing you can do because you can incur a 25% failure to file penalty right off the top.  Failure to file tax returns may be construed as a criminal act by the IRS, punishable by one year in jail and $10,000 for each year not filed.

If you haven’t filed for this year, even after April 15th tax deadline you can still file for a tax extension using tax form 4868. A tax extension provides tax help because it can stop the “failure to file” penalty clock before it reaches the maximum. Get tax help from a tax attorney or tax resolution specialist if you’re tempted to file for October 15th tax extension after the April 15th deadline has passed. Only a tax attorney or tax resolution specialist can give you the tax help you need.

•    You need to whip out your checkbook, even if you can only pay $5. The bad news is that even taxpayers who received a tax extension for filing are not granted more time for the payment of taxes owed and may need income tax relief.

If you fail to pay your back taxes due, you will incur additional penalties for “failure to pay”. Any tax attorney will tell you that to avoid back tax penalties and interest, ideally you should pay 90% of your estimated taxes when you file your tax form 4868 on April 15th. To avoid additional back tax penalties, taxpayers should file by the deadline and pay as much as they can. You will still have a failure to pay penalty, but it’s much less.

Our tax attorneys tell our tax relief clients that no matter how much is owed, if they enclose a check for $5 or $10 for back taxes with the return and file it on time, that’s going to give them tax help instantly because:

1) Filing cuts down on the failure to file penalty, so you take that 25% penalty off the table.

2) Writing a check for your back taxes creates a record at IRS that says you actually filed on time and they have to post that $5 or $10 back taxes check to your account.  

•   You need to discover quickly whether you owe the IRS more back taxes or you’re due for a refund. If you overestimated your back taxes in April and paid the IRS too much, then you’ll get a tax refund as soon as you file your full 1040 tax return, hopefully long before the October 15th tax extension deadline.

•   You may need tax software to discover your IRS debt from back taxes. By October all those discounted tax software boxes offering tax help will be long gone. A tax attorney and tax resolution specialist will have the software you need going back a decade to calculate both state and federal taxes. If you owe back taxes for more than one year, a good tax attorney or tax resolution specialist may be your only shot at getting the tax help you need.

•   You need to get your paperwork in order. Filing an October 15th tax extension means you have more time to collect the final paperwork you need. If you have been the victim of a financial crime, a good tax attorney can go back and file amended returns that can drastically improve your back taxes problem.

•    You need to act quickly or the IRS will. If you don’t file a tax return by the October 15th tax extension deadline, the IRS may file one for you. If you don’t get tax help from a tax attorney, the IRS may prepare a “Substitute For Return” for delinquent taxpayers. It’s important to file a tax return as well as any prior delinquent tax returns as soon as possible to save money and avoid significant long-term consequences. Get professional tax help from tax attorney so that you get all the tax relief you’re allowed.

•   If you owe back taxes for more than one year, all your prior tax returns must be filed to be eligible for income tax relief. All back tax returns must be filed before the IRS will entertain any type of tax settlement.

•    You need to realize that this is your last chance. Can you file for an extension past the October 15th tax deadline extension? Not a chance. The IRS will occasionally extend an extension beyond October 15th for a class of people who have suffered a natural disaster. If your home wasn’t destroyed by a hurricane, then your chances of getting a tax extension beyond October 15th are about the same as winning the lottery.

The good news is that with an experienced and professional tax attorney or tax resolution specialist, you have a real hope of resolving your back taxes and IRS problems if you act now. I believe there’s tax help for every problem. For a delinquent taxpayer, it’s never too late to resolve your tax debt and avoid IRS penalties.

For more information on achieving a tax resolution for your unfiled tax returns or back taxes, visit www.taxresolution.com for a free tax relief consultation or call 866-IRS-PROBLEMS.

I have a tax lien with the IRS, but now the state is coming back and looking at an old IRS audit and I need help.

i know it’s illegal, but didn’t think that it will be a big problem, but i guess i am in trouble now.i have SSN, my employer doesn’t know that i don’t have work permit. I am trapped now. Waht i should do?

Owe back taxes? Not dealing with it yet? You are not alone but there is a solution to your back taxes problem and your tax procrastination.

Any tax attorney or tax resolution professional will tell you that most of their clients who owe back taxes made the problem worse by procrastinating. It is a very human response to a scary problem. However, there’s a solution to “back taxes terror” and “failure to file” syndrome. What tax procrastinators need to fear, is not the amount of back taxes owed, but fear itself.

Back taxes terror can take a number of forms. If solving IRS problems seems too difficult or you feel like you don’t know enough about the tax code, there’s tax help available from a good tax attorney or tax resolution professional. If you’re afraid of the world knowing you screwed up your taxes, that’s nothing compared to failure to file penalties or even gong to jail for tax evasion. Don’t let your back taxes fear get the best of you when it comes to the IRS. People tend to ignore their back taxes problems hoping they will go away – but back tax debt will only get worse.

Fortunately, there’s a solution to every back taxes problem, such as negotiating partial payments via IRS payment plans, applying for tax settlements through the Offer in Compromise program, etc. But the first step is getting over your fears by contacting a tax attorney or tax resolution professional now.

Everyone procrastinates to some degree, however procrastinating when it comes to taxes can be detrimental to your overall financial wellbeing. But there’s hope for tax procrastinators! Procrastination is most often caused by anxiety, not laziness. Back taxes terror isn’t like other forms of tax procrastination. Paralyzing back taxes terror snowballs when you know you owe the IRS delinquent back taxes and your nightmare ratchets up knowing that each delay getting IRS help on your unfiled tax returns or back taxes exposes you to IRS audits, tax liens, wage garnishments, delinquent tax penalties, fines and even jail time for tax fraud.

Procrastinating on unfiled tax returns and back taxes can come in a few varieties.

1. The IRS hasn’t sent you a letter yet, so you think they’ve forgotten about your back taxes.

Maybe you are delinquent on your taxes because you didn’t file your taxes for a number of years and are hoping the IRS doesn’t notice your back taxes owed. Bet your bottom dollar that the IRS will discover every unfiled tax return at the worst possible moment and then the IRS will go after your assumed debt from back taxes with levies, wage garnishments, tax liens, delinquent tax penalties and a tax audit of your federal and state returns.

The sad part of unfiled tax returns is that people who fear back taxes actually end up losing money that would rightfully be theirs.  Bankrate states that  “According to the IRS, 1.3 million individuals who failed to file a tax return in 2004 left a total of $1.2 billion in unclaimed refunds in the coffers. Half of those nonfilers would have received a refund of more than $552. Some also may have been eligible for the refundable earned income tax credit.”

If you haven’t gotten an IRS back taxes notice yet, run to your nearest tax attorney or tax resolution professional as soon as you can. Being proactive gives you an advantage so you can work on YOUR timetable rather than the IRS’  even while your time is running out. Remember, the key to beating tax procrastination is taking bite sized baby steps. The first all important step is contacting a tax attorney or tax resolution professional today. Let them hold your hand through this back taxes process. Taking care of a client’s anxiety is what a good tax attorney and tax resolution professional does.

2. You get a scary-looking letter or notice from the IRS and you’re so terrified you can’t even open the envelope.

So you stuff it under a pile of magazines, hoping it will go away. No such luck. It won’t.  But don’t panic. Most IRS notices are about simple math or form errors. Even if you use tax preparation software, you could’ve clicked on the wrong check box (for example “head of household” doesn’t mean who holds the remote control). Many of these errors actually work in your favor with the IRS owing you money. By not opening that letter, you are letting the IRS keep money that should be yours. But if the error works against you and you owe back taxes, delaying your response won’t make it any easier. The IRS will levy penalties on you and could ratchet up their investigation into a multi-year tax audit. If you feel the IRS is in error or you can’t pay your back taxes, you should contact a tax resolution professional or tax attorney. On no account should you talk to anyone at the IRS yourself. (See below.)

3. You open the big bad scary IRS tax audit letter and you are paralyzed with fear.

If you feel you are out of your depth, you are. Leave this back taxes issue to the professionals. Contact a tax attorney or tax resolution professional. A willful delay paying your back taxes or responding to the IRS could mean jail time.

Did you know it is a misdemeanor in this country not to file a legally required return when due? That’s the whole reason why actor Wesley Snipes went to jail! Even if you haven’t filed one year – it is still considered delinquent. Open your IRS letter and call a tax attorney or tax resolution specialist immediately to make an action plan.

If it is a correspondence audit letter, it will show your filed returns versus what the IRS shows was filed on your behalf by other parties. If you don’t respond with expert help then you will get another letter forcing you to go to tax court or pay up! You will also be sent to collection for your back taxes. This is why you need to go to a tax resolution professional or tax attorney, to resolve your back taxes issues before you get sent to collection!

The wrong thing to do is not respond to your letter. The other wrong thing to do is not get professional help! Here’s why: every audit we go to is an eggshell audit because the first thing that the nice auditor is going to do is ask you 54 questions – so that you can incriminate yourself. Over half of the referrals to the IRS’s criminal investigation division come from that very nice lady or gentleman you’re sitting across the table from. It’s like going to court without a lawyer.

Whether you are a chronic procrastinator or person of action, you only have one choice to deal with your back taxes problem: get expert help! A good tax attorney or tax resolution professional will make you a tax relief action plan. A back taxes solution might be an offer in compromise; the IRS will accept a much smaller lump sum for the total back taxes debt that’s owed- if you can prove that you do not have the future ability to pay the IRS off. If you try to handle your back taxes issues yourself, you’re going up against the most brutal collection agency on the planet and they are trained to say “no”! They are not in the business of saying yes to writing off back taxes and that is why you need tax expert representation!

You need to act today. Often the fear of back taxes results in tax problems compounding for years, until it starts to affect other areas of your life (self-confidence, frustration, personal/family time). So if this is you, the solution is: Stop the procrastination. Let a tax resolution professional help you cope with the pressures of back tax debt and begin the important task of overcoming them so you can regain your personal (and financial) freedom.

Okay back taxes procrastinator, you now know what to do. It is time to get started. You’ll feel better.

For more information on achieving a tax resolution for your unfiled tax returns or back taxes, visit www.taxresolution.com for a free tax relief consultation or call 866-IRS-PROBLEMS.