It’s amazing how quick interest and penalties add up. Now you have a choice, pay the bill in full or just keep ignoring it while more money piles onto your plate from this pesky debt. It’s not easy to get away from back taxes you owe. The IRS can garnish your wages, place levies on bank accounts and liens on property.
What Steps Should I Take to Pay Back Taxes?
As your trusted CPA, Patriots Tax & Accounting will work to gather all necessary documents, find out just how much is owed after interest and penalties, go over your finances and determine which of the following methods is best for you:
- File for Currently Not Collectible (CNC) status
- Set up an Installment Agreement (IA)
- Make an Offer in Compromise (OIC)
- Ask for Penalty Abatement
- Innocent Spouse Relief
If you owe back taxes your situation is urgent – which means it needs professional advice as soon as possible. Call us today for a free consultation*.Get A Free Consultation*