Do You Need Legal Help To File Back Taxes?
- September 18, 2019
- Posted by: asal
- Category: Tax Resolution
It’s no secret that taxpayers across the country need to file back taxes. Consulting with a tax attorney can make a difference between resolving the issue and making it worse. When you file back taxes, there’s a chance you might also owe back taxes. We define back taxes as those that you do not pay when they’re due to the IRS. The longer you take to file back taxes, the more you may end up owing to the IRS. Obtaining legal help to file back taxes makes it easier and less stressful when corresponding with the IRS. Tax attorneys have the experience and knowledge necessary to deal with the IRS correctly.
How Can I Get Legal Help To File Back Taxes?
When you file back taxes, you may end up owing the IRS a good deal of money. A tax attorney can help you deal with back taxes in the following ways:
- Settle back taxes with the IRS for only a fraction of what you owe
- Put an end to wage garnishment and levies the IRS has out on your accounts
- Help settle payroll taxes and file back taxes
- Deal with any correspondence with the IRS, so you don’t have to
- Provide further assistance with any tax issues you may have
If you have not filed your taxes for years, call a tax attorney at Platinum Tax Defenders today. Our team of certified tax attorneys has years of experience assisting clients who need to file back taxes.
What Does The IRS Do If You Don’t File Back Taxes?
If you have years of unfiled taxes, the IRS will take matters into its own hands. The IRS will usually start a process called a substitute for return. They will begin this process approximately three years after the due date of your return. When you file a return to replace an SFR, the IRS will carefully scrutinize it. It can take longer for the IRS to review your taxes because it places more scrutiny on it than usual. If the IRS files back taxes for you, it can end up resulting in a higher estimated tax you owe. For that reason, it’s beneficial to work with a tax attorney to file back taxes. If you end up owing the IRS more than you can afford to pay, the tax attorney can help. The IRS can place a lien, levy, or garnishment on your home to procure the payment of back taxes. Should you have a lien, levy, or wage garnishment taken out on you, a tax attorney can help.
How Do I End Up Owing Back Taxes?
The reason for why you may owe back taxes varies from state to state, and taxpayer to taxpayer. In today’s economy, many people don’t file back taxes for fear that they might owe more than they can afford. When they fail to file back taxes, their situation becomes much worse. Many people also have trouble paying their taxes to the IRS on time. If you’re out of work and don’t have a constant stream of income, paying back taxes can be difficult. You only need to miss one payment to accrue back taxes.
Should I Consult A Tax Attorney When Dealing With Back Taxes?
You should always consider speaking with a tax attorney when you need to file back taxes. A legal professional can provide expert advice when dealing with back taxes. Tax attorneys can advise you on:
- How to file back taxes with the IRS
- Getting levies, liens, and wage garnishments removed from your accounts or property
- Applying for tax debt assistance programs, such as an Offer in Compromise to settle back taxes. An Offer in Compromise allows you to settle your back taxes for much less than you owe.
How Long Does The IRS Have To Collect Back Taxes?
The IRS is legally allowed to collect on back taxes for a period of ten years. If the taxpayer files for bankruptcy, the IRS will extend that period. Taxpayers can protect themselves in advance if they feel they owe back taxes and are at risk for collection actions. A tax attorney can provide advice on whether a taxpayer should transfer ownership of their assets if they’re at risk. Some taxpayers may choose to wait out the statute of limitations. Once the statute of limitations runs out, the IRS can no longer collect on your back taxes. A tax attorney can help you determine a plan to wait out the statute of limitations.
What Can I Do to Fix My Back Taxes Problem?
A tax attorney cannot determine the exact steps to take to correct your back-tax problem until assessing your situation. If you have relatively straightforward taxes and don’t owe the IRS, correcting your mistakes can be simple. However, your tax problem gets more complicated if you owe years of back tax returns and owe the IRS. The process to catch up on your back taxes can be more involved and require additional strategic planning. Taxpayers should consult with a tax professional immediately. The taxpayer’s bargaining position is the strongest when choosing to come forward voluntarily to fix their tax issues.
Get Help Filing Back Taxes From Platinum Tax Defenders
Do you have back taxes to file? If you have not yet heard from the IRS, you should take action immediately. You have a better chance of resolving your tax issues if you do so voluntarily. Platinum Tax Defenders works with a team of board-certified tax attorneys ready to help. We have helped thousands of clients file back taxes and save money. If you end up owing the IRS at the end, we can help you with tax debt assistance. However, it’s essential to solve your tax issues sooner rather than later. Call Platinum Tax Defenders today for a free consultation.