This is Part 3 of a 6 Debt.com series on taxes authored by Charles T. Almond of Tax Closure.
One common situation that taxpayers face is not being able to pay their entire tax bill. Many Americans have income that is not withheld against and run into problems paying the full amount they owe. Instead of making a partial payment, they wait until they have the full amount. However, once the tax filing date has passed, heavy penalties kick in. Obviously, the only way to avoid this is to pay taxes in full by the due date. Failing that, it is very important to still file on time. Waiting to file ultimately means a taxpayer can face a “failure to timely file” penalty of 25% in addition to other penalties.
If the return is filed, the taxpayer avoids making an already unresolved financial problem that much worse. Taxpayer rights are still available to people who at least do that. What often happens when a taxpayer in this situation fails to pay, they also fail to file. The situation escalates, they end up owing as much as 50% more because of penalties, and they become eligible to begin the IRS collection notice process. Even so, taxpayer rights are available to all Americans who owe back taxes.
No matter what stage of an ordeal a taxpayer is currently facing, they can benefit from having the proper knowledge they need to properly represent themselves. It is hard enough for someone dealing with the pressures of an IRS Notice of Balance Due and not having the means to pay. Adding professional fees to that is simply not an option in many cases. However, there are ways taxpayers in such a position can communicate with the IRS themselves and gain back control of their lives and finances. By teaching taxpayers how to properly communicate with the IRS (with the proper knowledge, forms, and financial data) most people can resolve their issues with the IRS on their own.
Tax Closure is a product of my company Taxpayers Clinic, and it is the creation of 28 years of taxpayer solutions. Taxpayers Clinic is comprised of a network of former IRS employees who put together this revolutionary program that costs a fraction of what the tax settlement firms charge. Closure works to help taxpayers apply for “Currently Not Collectible” (CNC) status. This will stop the IRS from pursuing you for back taxes because it puts you in good standing. With my product, the informed taxpayer can now communicate properly and directly with the IRS and effectively represent themselves. Using the information, detailed instructions, and videos in Tax Closure, most taxpayers can resolve their back tax issues. Empowering taxpayers with the knowledge they need to get CNC status on their own eliminates the need to hire representation and face high fees and more delays. Having the right tools to resolve back tax issues quickly and permanently can be found in Tax Closure.