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.

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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?
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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.
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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.
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Part 2: Tax Relief and COVID-19
Author: Vicki R. Bott, MBA, CPA | | Categories: Behind on Taxes , Can't Pay Taxes , Certified Public Accountants , CPA , Currently Not Collectible , Income Tax Preparation , Income Tax Problem , IRS , IRS Problem , IRS Problem Resolution Services , Late Tax Filing , Offer in Compromise , Resolving Tax Problems , Tax Debt , Tax Problem Solution Services , Tax Professionals , Unfiled income tax returns
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.
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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.
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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.
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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.
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4 Mistakes That You Don't Want to Make When Filing Your Taxes.
Author: Vicki R. Bott, MBA, CPA | | Categories: Did not file income tax returns , Fear of the IRS , Filing Mistakes , Income Tax Problem , IRS Audits , IRS Problem , Late Tax Filing , Tax Preparation , Tax Problem Solution Services , Tax Problems , Unfiled income tax returns
It can be a stressful experience preparing your taxes and filing them. It can be even more stressful however, if you make these mistakes that land you into tax trouble. It's important to remember that if you make mistakes that are serious enough, you might end up triggering an audit of your tax return or owe more in back taxes.
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When DIY Won't Do: 3 Times, When Hiring a Tax Relief Professional is the Only Way to Go
Author: Vicki R. Bott, MBA, CPA | | Categories: Audits , Back Taxes , Behind on Taxes , Can't Pay Taxes , CPA , Did not file income tax returns , Fear of the IRS , Federal Tax Liens , IRS , IRS Audits , IRS Problem , IRS Problems , IRS Tax Help , IRS Tax Liens , Late Tax Filing , Resolving Tax Problems , Tax Debt , Tax Levy , Tax Problem Solution Services , Tax Professionals , Tax Resolution Specialist
There is a lot to be said for the do-it-yourself approach to your money, yet the go it alone path does have its limitations, especially when it comes to the IRS and back taxes. Dealing with the IRS takes a very specialized skill set that most tax preparers and even CPA’s don’t possess. Make sure you have a tax resolution specialist on your side.