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Mildrid Esua, CPA, PLLC is one of North Carolina's leading CPAs tax representation and negotiation firms. We can resolve your tax problems fast!

Owing taxes from years past can feel like a threatening dark cloud at the horizon. No matter which way you turn, it’s always there. Maybe your tax problem started innocently enough — you just didn’t have the money to pay your small business tax liabilities one year. Or maybe it came all of a sudden when you finally completed one or more non-filed tax returns.

Like those non-filed tax returns, owing back taxes is a problem you cannot ignore. Not filing your federal tax returns is a crime; not paying the taxes you owe from previous years can mean penalties and fines that can triple the original amount you owe. The longer you let it slide, the more money you’ll potentially have to pay.

It’s possible that the IRS has wrongfully assigned a liability to you or assessed you incorrectly. If you owe back taxes to IRS do not rush to pay off. Reach out to a certified NC accountant for back taxes to resolve any taxes you owe. Only the best tax resolution services companies can review and deal with the IRS to resolve back taxes owed to provide a tax relief help you need.

DON’T WAIT

Even the most successful entrepreneurs, the best paid executives and the most prosperous individuals can have problems with back taxes owed. If you owe back taxes do not wait. Tax penalties and interest add up fast. Find a licensed tax accountant in North Carolina and the Greensboro area who can help you paying off back taxes and contact the IRS to:

The North Carolina CPAs at Mildrid Esua with offices in Charlotte and Greensboro have experience helping successful people and businesses get out from under the weight of the tax debt they owe. Tax resolution services can definitely help. Don’t get the wrong idea — you’ll likely have to pay the taxes you owe. With the help of a skilled tax accountant for back taxes, though, you won’t have to come up with all the money right away or even all at

DON’T WAIT

The North Carolina CPAs at Mildrid Esua with offices in Charlotte and Greensboro have experience helping successful people and businesses get out from under the weight of the back taxes they owe. Tax resolution services can definitely help. Don’t get the wrong idea — you’ll likely have to pay the taxes you owe. With the help of a skilled tax accountant for back taxes, though, you won’t have to come up with all the money right away or even all at once.

Stop the Penalty Clock

Decide how to minimize the penalties and fines you may have to pay Argue your case for leniency

The North Carolina CPAs at Mildrid Esua with offices in Charlotte and Greensboro have experience helping successful people and businesses get out from under the weight of the tax liabilities they owe. Tax resolution services can definitely help. Don’t get the wrong idea — you’ll likely have to pay the taxes you owe. With the help of a skilled tax cpa for back taxes, though, you won’t have to come up with all the money right away or even all at once.

Consequences Of Unpaid Back Taxes

In order to recoup the amount of back taxes you owe, the IRS has several actions they can take against the delinquent taxpayer:

The first such action is a federal tax lien: This is essentially the IRS notifying your other creditors through public record that it has a claim against all of your property, including any assets you obtain after the lien begins.

The second is a federal tax levy whereby the IRS seizes your property and assets. The levy can be against your wages, your bank account, retirement account, and/or future tax refunds. The IRS can also seize your house, car, boat, and other assets and sell them to satisfy the tax debt you owe.

Property Seizure: The tax authorities may seize assets such as your car, boat, house or other asset of value that can be sold to cover the unpaid tax liability.

Finally, in some cases, the IRS can launch a criminal investigation for tax evasion which, if successful, can result in jail time as well as asset seizure

The Irs payment plan option

The IRS is required to allow you to make payments to settle your debt to the government if you owe back taxes. To qualify for an IRS payment plan, also known as the IRS Fresh Start program, you must meet certain requirements:

You owe $25,000 or less — although the Direct Debt Installment Agreement lets you pay off amounts up to $50,000

You can prove that you cannot pay the amount you owe now

You can pay off the taxes you owe within three years

You file IRS Form 9465, which is an official installment agreement request to the agency. Your tax accountant can do this for you — assuming you qualify and you both decide that the payment plan is the best way to go for you. A CPA acting as your tax representative sets up installment payments with the IRS.

The Offer In Compromise Option

The IRS offers another option if you know you’re going to have trouble paying off your back taxes — especially if you accrued many fines, penalties and interest. It’s called an Offer in Compromise or OIC, and this alternative lets you pay a portion of the money you owe, while wiping the debt off your record. Obviously, it comes with catches.

The IRS will only consider an offer in compromise if it is for one of the following reasons:

There is doubt as to whether the IRS correctly determined the amount you owe.
There is doubt as to whether the debt is fully collectible. This means your assets and income are less than the amount you owe.

Do you have questions about services we offer including Back Taxes Owed in Greensboro and Charlotte ? Would you like to receive a personal Back Taxes Owed consultation customized to your specific needs? To schedule an appointment with a recognized, best accountant North Carolina, Mildrid Esua of Mildrid Esua CPA, PLLC firm, please contact our Greensboro or Charlotte tax accountants for a FREE CPA consultation.