While filing taxes is mandatory for all US citizens who are earning an income, there are many people who, through no fault of their own, cannot afford to pay their taxes. The reason for this may be the loss of a job, becoming disabled, being fined for tax return preparation problems, squandering everything into a gambling addiction, or a host of other reasons. Irrespective of the cause, the non-payment of taxes can lead the IRS (Internal Revenue Service) to inquire into your tax status and even penalize you if you fail to make timely payments.

In this article, we walk you through IRS installment agreements and what to do if you can’t afford to pay your back taxes.  Though paying your taxes through an installment agreement is just one of many tax relief options, you likely have other options and might be able to settle with the IRS or lower your amount owed.  We encourage you to reach out to our firm for a tax relief consultation to determine your options.

In just the first 6 weeks of the pandemic, 30 million people filed for unemployment, with that number continuing to climb. We’re now almost certainly in the midst of the most difficult financial crisis we’ve seen in the last 100 years.  As an expert tax resolution firm, our job is to help restore the taxpayers financial life when they find themselves in tax trouble, often because of a difficult financial situation.

Running a small business is hard enough. The last thing you want to do is add more tasks to your already busy plate or getting into tax tax trouble. If you are still doing your own business tax returns, it may be time to hand off this vital service to a professional.  Call Bott CPA Services at (405) 721-8558.

An experienced tax resolution specialist will have thorough knowledge of all the IRS programs, including the offer in compromise option.  Call us today for help.  (405) 721-8558.

Bott CPA Services. wishes you and your family a happy and safe holiday season, and all the best for the New Year 2020! 

If you need any assistance from me during this time, feel free to get in touch with me by clicking here. 

In difficult times, many families have trouble meeting their commitments. If you’re worried about the IRS garnishing your wages, levying your bank account or taking your home, then reaching out to our firm and getting a free, no-obligation, confidential consultation on your tax problem may give you some peace of mind.

Thanks for stopping by our blog. If you’re looking for more information about Bott CPA Services, you’ve come to the right place.

Owing money to the IRS or State can be daunting, intimidating and throw your life out of whack. You might be tempted to just hide your head under a pillow, but ignoring your back taxes will only make the situation worse. 

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