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 troubles started innocently enough — you just didn’t have the money to pay your taxes 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.