Major life changes can easily lead to an
IRS tax problem, such as excessive and costly tax consequences. The IRS issues millions
of penalties to taxpayers each year. This frequently serves only to bury
the taxpayer deeper in debt that can be difficult, if not impossible,
to resolve. If you have an IRS tax problem, you deserve competent representation
from a tax consultant today, like the experienced tax consultants at Wall
and Associates, Inc.
What if I Owe More Than I Can Pay?
Owing more in taxes than you can pay is a problem faced by countless Americans.
If you fail to pay taxes on time, you can expect the
IRS to issue a hefty penalty, which only increases your tax debt further. Fortunately, there are options
available to you. Even if you can’t pay your debt at all or in full,
you have significant alternatives. An experienced tax consultant can establish
a path for you through the confusing IRS rules and regulations, possibly
saving you a large percentage of the taxes, interest and penalties assessed.
What if I Didn’t File a Tax Return?
Due to a busy schedule or situations beyond their control, such as deployment
or a prolonged illness, many taxpayers forget to file their tax returns
on time. As with failing to pay the balance on time, failing to file a
return on time will result in penalties. The IRS can issue a penalty of
five percent of the tax due for each month that it is late. Before you
tackle this penalty on your own, talk to a tax consultant and get expert
advice on your next steps.
Wall & Associates has a stellar track record of helping taxpayers resolve problems such
as penalties, back taxes, wage garnishments, and many more. If you need
help with back taxes or you’ve been informed of tax penalties, call
one of our friendly tax consultants today for a confidential consultation.
You can reach us at (800) 337-6699.
Not a solicitation for legal services.