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.

-
Tax Resolution By Bott CPA Services
Author: David F. Bott, CPA/ PFS | | Categories: Accounting Services , Back Taxes , Behind on Taxes , Certified Public Accountants , Currently Not Collectible , Fear of IRS , Federal Tax Liens , Form 941 , Income Tax Preparation , Internal Revenue Service , Internal Revenue Service Lien , IRS Payroll Audits , IRS Problem Resolution Services , IRS Tax Liens , Late Tax Filing , Midwest City , Oklahoma City , old income tax returns , penalities and interest , Tax Planning , Tax Return Amounts Due , Unpaid Income Tax Withholdings , Unplanned Taxes to be Paid , What Do I Do If the IRS Calls to Audit Me?
-
How to Protect Yourself When Paying Taxes - Vital Steps You Need to Take Now
Author: David F. Bott, CPA/ PFS | | Categories: CPA , CPAs , Income Tax Preparation , Income Tax Problem , Internal Revenue Service , IRS Problem , IRS Problem Resolution Services , IRS Problems , IRS Tax Help , Resolving Tax Problems , Tax Debt , Tax Planning , Tax Preparation , Tax Problem Solution Services , Tax Problems , Tax Professionals , Tax Resolution Specialist
Whether you are due a refund or writing a big fat check to the IRS, there are some steps you should take after your return has been filed. In this article, we discuss three critical steps to take once the tax filing deadline has come and gone.
-
Why You Shouldn't Put Off Filing Your Taxes
Author: Vicki R. Bott, MBA, CPA | | Categories: Back Taxes , Behind on Taxes , Can't Pay Taxes , Fear of IRS , Fear of the IRS , Income Tax Preparation , Income Tax Problem , Internal Revenue Service , IRS Problem , IRS Problem Resolution Services , IRS Problems , IRS Tax Help , penalities and interest , Refunds , Resolving Tax Problems , Surprised by Taxes Due , Tax Resolution Specialist , Tax Return Amounts Due , Unfiled income tax returns , Unplanned Taxes to be Paid
Most taxpayers dread the tedious task of compiling their financial records, tax documents and filing their taxes. Unfortunately, the longer you procrastinate doing your taxes, the greater the chances that something will go wrong. And if you owe money to the IRS, the more penalties and interest you will have to pay. Often, it is a better idea to file your taxes sooner rather than later.
-
How to Handle Your Taxes During an Economic Crisis
Author: David F. Bott, CPA/ PFS | | Categories: Back Taxes , Behind on Taxes , Can't Pay Taxes , Did not file income tax returns , Extensions , Income Tax Preparation , Income Tax Problem , Internal Revenue Service , IRS , IRS Problem , IRS Problem Resolution Services , IRS Problems , Late Tax Filing , old income tax returns , Resolving Tax Problems , Surprised by Taxes Due , Tax Planning , Tax Preparation , Tax Problem Solution Services , Tax Relief , Tax Resolution Specialist , Tax Return Amounts Due , Unfiled income tax returns , Unplanned Taxes to be Paid
Whether it is a global pandemic shutting the economy down for months on end, a stock market crash that leaves formerly giddy investors frightened and nervous, or a housing crisis that makes real estate a risky bet, living through tough economic times is never easy.
-
Can I Pay Installments on Federal Income Taxes I Owe If I Can't Afford to Pay it All at Once?
Author: Vicki R. Bott, MBA, CPA | | Categories: Back Taxes , Behind on Taxes , Can't Pay Taxes , Certified Public Accountants , CPAs , Did not file income tax returns , Income Tax Problem , Installment Payments , Internal Revenue Service , IRS , IRS Problem , IRS Problem Resolution Services , IRS Problems , IRS Tax Help , Late Tax Filing , Resolving Tax Problems , Tax Problems , Tax Professionals , Tax Relief , Tax Resolution Specialist
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.
-
Tax Relief and COVID-19
Author: Vicki R. Bott, MBA, CPA | | Categories: Can't Pay Taxes , Income Tax Problem , Internal Revenue Service , IRS , IRS Problem , Late Tax Filing , penalities and interest , Penalties , Tax Debt , Tax Problem Solution Services , Tax Problems , Tax Relief
With the coronavirus affecting taxpayers income and asset values dropping, it creates a favorable case for an Offer in Compromise. It’s important to structure it properly in order to have a good chance of settling for less than you owe. A qualified tax resolution firm like ours can help.
-
Tax Resolution and Your Finances: What is an Offer in Compromise?
Author: David F. Bott, CPA/ PFS | | Categories: Accounting Services , Back Taxes , Behind on Taxes , Can't Pay Taxes , Certified Public Accountants , CPA , CPA Firm , CPAs , Did not file income tax returns , Fear of the IRS , Income Tax Preparation , Income Tax Problem , Internal Revenue Service , IRS , IRS Audits , IRS Collection Tactics , IRS Problem Resolution Services , IRS Problems , IRS Tax Help , Late Tax Filing , Offer in Compromise , old income tax returns , Payroll Tax Problems , penalities and interest , Penalties , Resolving Tax Problems , Small Business Accounting , Small Business Tax , Tax Debt , Tax Preparation , Tax Problem Solution Services , Tax Problems , Tax Professionals , Tax Resolution Specialist , Tax Return Amounts Due , Unfiled income tax returns , Unpaid Income Tax Withholdings
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.
-
What to Do If You Have Unfiled Tax Returns
Author: David Bott | | Categories: Audits , Back Taxes , Behind on Taxes , Did not file income tax returns , Income Tax Preparation , Internal Revenue Service , IRS Problem , IRS Problem Resolution Services , IRS Problems , IRS Tax Help , Late Tax Filing , old income tax returns , Resolving Tax Problems , Tax Debt , Tax Problem Solution Services , Tax Problems , Tax Resolution Specialist , Tax Return Amounts Due , Unfiled income tax returns , What Do I Do If the IRS Calls to Audit Me?
Simply knowing that you have unfiled tax returns can be a source of stress. Even if you think you will continue to fly under the IRS radar, you never know when the tax agency could come calling. So do yourself, and your sanity, a favor by filing those back tax returns now; it is not as scary as you think.
-
What Makes Bott CPA Services Stand Out
Author: David F. Bott, CPA/ PFS | | Categories: Accounting Services , Audits , Certified Public Accountants , CPA Firm , Federal Tax Liens , Income Tax Preparation , Internal Revenue Service , IRS Problem Resolution Services , Payroll Tax Problems , Personal Financial Specialists , Small Business Accounting , Small Business Tax , Tax Planning , Tax Preparation , Tax Professionals , Unplanned Taxes to be Paid
Thanks for stopping by our blog. If you’re looking for more information about Bott CPA Services, you’ve come to the right place.
-
Owner Spotlight: David F. Bott
Author: David F. Bott, CPA/PFS, P.C. | | Categories: Income Tax Preparation , Income Tax Problem , Internal Revenue Service , IRS Tax Help , Small Business Accounting , Small Business Tax , Tax Planning , Tax Preparation
I’m David Bott, a Certified Public Accountant in Oklahoma City, OK.
I look forward to sharing my story. I hope that you will enjoy getting to know me better.
-
Owe Back Taxes? 3 Real Reasons You Need A Tax Resolution Professional NOW.
Author: David F. Bott, CPA/PFS, P.C. | | Categories: Accounting Services , Certified Public Accountants , CPA Firm , CPAs , Income Tax Preparation , Internal Revenue Service , IRS Problem Resolution Services , IRS Tax Help , Personal Financial Specialists , Small Business Accounting , Small Business Tax , Tax Planning , Tax Preparation
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.
-
Taxes 101 – Year-End Tax Savings Strategies
Author: David F. Bott, CPA/PFS, P.C. | | Categories: Accounting Services , CPA Firm , CPAs , Income Tax Preparation , Internal Revenue Service , IRS Problem Resolution Services , IRS Tax Help , Personal Financial Specialists , Small Business Accounting , Small Business Tax , Tax Planning , Tax Preparation
Though our firm specializes in helping people resolve their IRS or State back tax problems, we also love saving money. After all, one of the best ways to avoid getting into tax trouble is to have a solid tax strategy to minimize your liabilities.
-
Announcing the new website
Author: David F. Bott, CPA/ PFS | | Categories: Accounting Services , Certified Public Accountants , CPA Firm , CPAs , Internal Revenue Service , IRS Problem Resolution Services , IRS Tax Help , Personal Financial Specialists , Small Business Accounting , Small Business Tax , Tax Planning , Tax Preparation
We are delighted to announce the launch of our new website!
-
New Website Under Construction
Author: David F. Bott, CPA/PFS, P.C. | | Categories: Accounting Services , Certified Public Accountants , CPA Firm , CPAs , Internal Revenue Service , IRS Problem Resolution Services , IRS Tax Help , Personal Financial Specialists , Small Business Accounting , Small Business Tax , Tax Planning , Tax Preparation
New Website Coming Soon!