If you owe the Internal Revenue Service (IRS) any taxes, there may be some comfort in knowing that you are not alone. Literally thousands of Americans owe the IRS money. The best course of action is immediate. Don’t wait for the Internal Revenue Service to come calling on you. Call on them first. Delaying the inevitable doesn’t help. You may get a more cooperative response if you reach out to address the problem without, or before, coercion
Researching your own settlement options is better than just folding, but you aren’t really qualified to negotiate tax liens or attached wages, etc. Unless you just want to make a payment arrangement and pay everything they are levying against you (back taxes, fines, interest, etc.), you should probably hire a professional to negotiate on your behalf.
Do not let anxiety slow you from taking action. When the IRS comes calling for back taxes, you must act quickly to protect yourself. Fines, and fees, and interest add up fast and can soon be running higher than you originally owed. Don’t just sit back and wait for the Internal Revenue Service to act.
You want to be completely aware of all of your rights when disputing with the Internal Revenue Service. The IRS is going to assume that you are relatively unaware of your rights and options in this matter. They will attempt to strong-arm you if they think this will force you to hand over the goods. The Internal Revenue Service is the biggest and most effective collection agency on the block. To this end, it is still recommended that you act on the problem first, but you may want to do so through the resources of a tax resolution team.
If you decide to work with tax resolution professionals, you will want a diverse team to represent you. The best tax resolution teams consist of former Internal Revenue Service Agents, certified public accountants, and tax lawyers. It is best, of course, if you can find a team that will represent you with no upfront fees. Resolution professionals usually get strong positive results rather quickly.
Tax resolution professionals are good at their job. Don’t let the fact that you owe back taxes set you in a tailspin. There are options, as we’ve discussed, for getting out of this. Take action today, because I can guarantee that the Internal Revenue Service is not going to forget that you owe them money.