IRS Problems and Ways to Deal with them

Taxes aren't a seasonal issue, people deal with tax problems throughout the year.  Right now there are thousands of people who are trying to figure out a way to deal with the consequences of filing their taxes late, filing them incorrectly, or refusing to file them all together.  There are a lot of questions going through their minds right now.  Where am I going to get the money from? Am I going to get audited?  Are they going to take my house?  Tax resolution companies and other tax specialists can help you with your tax problems, but people who find themselves in trouble with the IRS this year should do whatever they can to avoid being in the same trouble next year.  When the 2014 tax season rolls around, be sure that you do everything you can to avoid these IRS tax problems.

Back Taxes

One of the most common issues that may arise during tax season is how to deal with delinquent taxes. We all know that our taxes are supposed to be turned in no later than April 15^th of every year. However, for any number of reasons, this may not always happen. When a person does not file their taxes on time, it does not mean they are not still expected to pay them. If you need to take care of any delinquent tax debt it is best to file the return as soon as possible. In the event that you owe more than you can pay, here are a few options : the IRS can set you up with an installment agreement, in which you would pay off your tax bill in more manageable installments.  They may also consider an appropriate settlement or a currently not collectible status.

Audit

There is probably no scarier feeling during tax season then learning that the IRS is going to audit you. There are many reasons a person may be audited,  for instance, the amount you reported making in the previous calendar year.  If the numbers from your 1099 or W-2 do not match the numbers reported on your tax return, the government could potentially launch an audit to figure out what is going on.

Liens and Levies

An IRS tax lien is another rather uncomfortable situation that taxpayers hope to avoid. A lien could be placed on your home or other property until your taxes are paid up. The best way to avoid a tax lien is to simply file and pay your federal tax return on time. You may also see a reduction in your wages as the result of a wage levy placed against you until your tax bill is settled.

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