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Our Atlanta CPA firm handles tax liens, tax levies, wage garnishments, back taxes, IRS payment plans, offers in compromise.
Owing money to the IRS – it can happen by accident.
You may not have withheld enough from your paycheck in the past year and wind up with a whopper of a tax bill in April. It could be you came into some money, spent it, and didn’t realize that a big chunk of it was owed to the IRS in taxes.
If your debt has been piling up for a while, it can be overwhelming and extremely stressful. You might feel stuck or frozen, not knowing what you should do or how you are going to get out of your situation. But the worst thing you can do is nothing. The penalties and interest just keep adding up, sinking you further and further into trouble.
The IRS takes their money seriously! They will seek every legal way to collect the money they are owed. The IRS can seize your assets, freeze your bank account, garnish your paycheck, and even restrict your passport. Additionally, they can file levies and liens on your property. We hope this hasn’t happened to you yet, but it will if you don’t act fast enough.
HAVE ANY QUESTIONS?
Failure to Pay Taxes
If you owe money to the IRS but can’t pay, there are several options available to you depending on your circumstances. One of the most important things is to start paying your current taxes first. You must be all caught up with filing your income tax returns and paying your current taxes before most of these remedies are available to you.
Here are some of the options the IRS provides to taxpayers who owe money. Whether these are applicable to you depends on your circumstances.
Getting Help with Your IRS Tax Debt
Massey and Company, CPA in Atlanta, GA can help you to:
- Respond professionally to any IRS correspondence you receive
- Contact the IRS on your behalf so that you don’t have to face them directly
- Represent your case before the IRS
- Get caught up on filing back tax returns that are late
- Understand the IRS collections process and your rights
- Negotiate penalties and taxes to lower your debt
- Work out an IRS payment plan
- Fight for issues that come up, such as innocent spouse situations or positions taken on tax returns
- Remove levies and liens removed from your assets
Contact us at no obligation to you so we can understand your specific tax situation and provide advice on the options available to you. Your tax issue is handled with the utmost confidentiality and privacy. Our offices are in Atlanta, GA. So we can meet with you face to face to discuss your taxes and IRS matters, anytime during the year.