If I Owe The IRS Back Taxes, What Should I Do?

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Don’t ignore the IRS.  I know you might say, but they haven’t called or sent any letters so why should I poke the bear? Well eventually they will catch up to you and by then things could be real bad.  Owing back taxes to the IRS it can be an overwhelming feeling, and the penalties and interest just keep adding up daily making it worse.  Many people I see in this situation take the Ostrich approach.  They bury their head in the sand and hope it goes away.  But this doesn’t work because I know from my experience with the IRS, they don’t go away on their own.  In fact The IRS usually bullies and threatens people to pay up in full or suffer severe consequences.  Most people don’t know that when dealing with an IRS problem there are options for resolution with an IRS tax debt such as;

  • Affordable monthly payment agreements
  • Penalty Abatement
  • Offers in Compromise
  • Uncollectable status or financial hardship
  • Bankruptcy
  • Innocent spouse

We have settled many successful cases with the IRS where our clients:

  • Did not really owe the tax in the first place but the IRS was demanding payment.
  • Could not pay the tax owing after allowance for reasonable living expenses
  • Would experience an economic hardship from unfair IRS collection.

Ignoring the IRS is the worst thing you can do and can make matters much worse.  So if you owe back taxes and need help give our office a call at 855-tax-fixx or www.franskoviaktax.com, we offer a free consultation where we will sit down with confidentially and review your situation and give you your best resolution options.

More information about owing the IRS back taxes

Information if you haven’t paid the IRS in several years

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