Tax resolution services in San Diego, CA advise you to stop hiding!
Sometimes time gets the best of us. Those things we didn’t mean to put of, we put off. And those issues that we put on the back burner don’t really come up…until we smell them burning. The IRS is one of those agencies that will let you know when it’s time to deal with them. As much as we’d all love to put them off, they just won’t allow it. I mean, you can put them off, but it’s going to cost you. The best option is still to file a return even if you don’t have the cash to pay.
“The amount you owe will only grow larger if you procrastinate,” says Mary Kay Foss, an accountant with Sweeney Kovar. “If you ignore your tax bill entirely, not only will interest and penalties accrue, but the IRS may go after your assets and wages as well.”
If you find yourself in a bind with the IRS, aligning yourself with some good tax resolution services San Diego like Tax Tiger may be your best option. Whether it is an IRS tax lien search or just a few late payments, Tax Tiger is a great choice.
Hiding from a tax debt is the worst thing you could possibly do for your debt balance. Remember the “death and taxes” phrase isn’t a phrase for no reason. The IRS will find its money, even when you’ve thought they forgot. Settling your debt sooner rather than later will help your piece of mind and pocket book in the long run.
Having a good tax attorney on your side will also help save time and money as well, especially if you owe a big amount. Utilizing the skills of seasoned professionals are used to standing up to the IRS on peoples behalf. The IRS can be quite intimidating to the laymen, so having someone to help you get through the process much easier.
For future reference, on thing you could do to avoid this situation is to make sure you tell your employer to take more out of your check during the year. This will ensure that you don’t risk being back in the same situation next year!
Source (What to do if You Forgot to Pay Taxes – May 5, 2014 – Bloomberg Business)
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