| If you owe back taxes to the IRS, you may feel as | | | | your tax returns to the IRS before the formal filing of |
| though you are trapped in an endless cycle of debt, | | | | said criminal charges, you may qualify for tax amnesty. |
| particularly when the next tax deadline arrives, and you | | | | The tax professional that you hire will be able to |
| still haven't resolved your previous debt. If you owe the | | | | explain your options to you, and help you find the one |
| IRS and you don't file your taxes, your tax return is | | | | that is best for your situation. |
| automatically considered delinquent, regardless of f the | | | | No one ever wants or means to become a delinquent |
| extenuating circumstances that caused the | | | | tax payer. Sometimes life circumstances such as job |
| delinquency. Fortunately, it is never too late to take the | | | | loss, divorce, or serious illness make it difficult or |
| necessary steps to get rid of back taxes and get your | | | | impossible for people to file their taxes on time and |
| finances back on track. | | | | pay them when they are due. Don't assume that the |
| For every year that your tax return is considered | | | | problem will go away on its own. The IRS will begin to |
| delinquent by the IRS, you can incur a fine of $10,000 | | | | contact you as soon as your tax return is found to be |
| as well as possible jail time. If these penalties sound | | | | delinquent, so your best strategy is to have plan of |
| harsh and scary remember, taking action, even if you | | | | action in place, whether that means working out a |
| can't pay your tax debt, is the best thing to do. Contact | | | | payment plan or settlement with the IRS directly, |
| the IRS yourself or, if you are inexperienced when it | | | | having your tax professional speak to the IRS, or |
| comes to tax laws and your rights as a tax payer, hire | | | | repaying your debt in full. |
| a tax professional to represent you and speak to the | | | | The best back tax help strategy is to be proactive |
| IRS on your behalf. | | | | and upfront when dealing with the IRS. Acknowledge |
| If you owe a large amount of money and cannot pay | | | | that you owe a debt, and indicate your willingness to |
| any of it, you may be able to qualify for current | | | | pay it off in full, even if you are unable to do so |
| non-collectible status, which exempts you from paying | | | | immediately. Back taxes can seem overwhelming, but |
| your tax debt for a specified period of time. If criminal | | | | the longer you wait, the more your debt will grow. |
| charges are pending against you and you can submit | | | | |