With the holidays in full swing, tax season is right around the corner. In this time of troubled national and local economies, more Americans are finding themselves delinquent on their taxes and facing increasingly aggressive collection efforts by the IRS.
Michael Rozbruch, founder and CEO of Tax Resolutions Services, Co. (TRS), a leading tax mediation and negotiation firm, suggests four strategies to avoid and resolve IRS problems before they multiply.
* File a return on time even if you do not have the money to pay the tax bill. This eliminates the hefty 25 percent failure-to-file penalty. Filing for an extension will only grant you more time to file and is not an extension for paying taxes owed. Make a good-faith effort by paying even a minimum amount.
* Take care of any unfiled tax returns and/or tax debt now – or get expert IRS help - before the New Year. Unpaid back taxes, penalties, and interest can mount up quickly, usually doubling the amount owed every six years, so seek the advice of a seasoned Certified Tax Resolution Specialist or tax attorney who can help mediate a deal with the IRS for qualifying taxpayers.
* Ditto for business owners with any delinquent payroll tax deposits or unpaid employment taxes, to avoid the IRS levying funds and taking control of the business.
* Know your rights as a taxpayer. Or consult with a tax relief professional who can be your best advocate before the IRS.
For more tax help tips for filing returns and resolving back taxes and other IRS problems, visit http://www.taxresolution.com/Tips-for-Filing-Tax-Returns-and-Avoiding-IRS-Problems.asp
Tax Resolution Services, Co., is dedicated to providing affordable solutions to businesses and individuals alike who find themselves in trouble with the IRS. Our tax attorneys, CPAs, and tax relief professionals have successfully resolved thousands of cases since 1998 and are committed to making sure our clients’ experiences exceed their expectations.
Contact:
Debbie Edwards
Tax Resolution Services, Co
Encino, CA
818-774-1813 ext. 326
