subject: Unpaid Taxes – How to Get Help From a Tax Specialist [print this page] You probably know if you are not paid taxes in your story. There is an inner fear that gnaws at you, if this is the case. You can fly under the radar at the moment, but you know that the IRS is after all, most people who owe money to the federal government. It may take a while, but you will be found. The longer it takes to add more interest and more money is due. If they find you, there will be many decisions you have to make.
When you receive thefrom the IRS that they're looking into back taxes, you'll have some idea of the amount of money you owe. If you have that money in the bank or in easily liquidated assets, it's wise to pay the amount in full. Once it's paid, the debt is wiped off the books and you're in good standing again. However, if you don't have that money available to you, you will have to negotiate a payment plan with the IRS.
Of course there are steps in between getting the notice and making a payment plan. You You may want to appeal the amount or ask for a partial remission, while only a portion of that order was a result of the procedure. You can ask for fines to be waived.
Before you begin your negotiations to the pros and cons of hiring a tax professional to help you weigh. Remember that this is probably new to you and you can more easily than it will be useful, to intimidate your case. A tax professional has been through this many times and knows how things work. In addition, he orit has the advantage that a neutral third party are involved, without emotions. High emotions do not serve in the negotiations with the IRS.
Be active in your tax affairs. Look at your history and decide what to do now. If you have an IRS notice, you talk to someone in the tax business, which may help you decide how to treat the important issue of unpaid federal taxes.
