The problem began when you realized you owed money to the IRS during tax time, and you didn’t have the funds. Instead of finding a way to pay it off, you let the amount go unpaid and hope it would get passed over. The problem is, the IRS has become much more efficient at finding unpaid tax debt and collecting on it. What this means for you is that the money you owe catches up with you, and when it does, you’re going to need Tax Relief on Brooklyn to help you get out from underneath the debt.
The first thing that the IRS does when collecting on a debt is to start adding penalties and interest to the balance owed. In the event that you submitted a tax return but didn’t pay, you at least have the benefit of taking the deductions and credits that led to your final balance. This means that the amount that is being used in the dunning letters is lower than it might otherwise be. In the event that you found you owed, and didn’t file at all, you are going to owe more money because the IRS filled out the tax return for you, and did not take any of the legal credits and deductions. The IRS has no obligation to enter these for you.
The end result in either situation is that you owe more money than you originally thought you did. Now you have letters coming in that use serious language, threatening dire things that could happen to you if you don’t pay. Instead of ignoring the letters, it’s time to talk to a professional who is experienced in Tax Relief in Brooklyn. You need to settle the debt one way or another, or you’re going to wind up with a lien or a wage garnishment to pay everything off.
A tax professional can help you get a settlement that fits your income, and allows you to pay off the debt while keeping the IRS off your back. As long as you perform as agreed upon in the settlement, you eventually get rid of your debt and can breathe easy again.
