The saying goes, "nothing is more certain than death and taxes." Unfortunately, most Americans would agree with this harsh truth. It does not matter who you are, what economic class you are in, or your age, you are legally required to pay taxes each year. But, life happens and mistakes are made and you may miss a year of filing taxes or you may file but are unable to pay the bill. Whatever the reason, there are ways to solve our tax problems.

Back Taxes or Missed Filings

When a taxpayer forgets to file their taxes in time, the Internal Revenue Service (IRS) does not always immediately reach out. But, each year, the IRS will add fees to the late filings, and when they do eventually contact the taxpayer, they will owe far more than the original debt. In addition to the fees and taxes, the taxpayer may also forfeit any refund that they were entitled to.

Are you worried about tax problems and unsure what to expect from the IRS? Partnering with a tax expert can help you navigate through the complicated world of taxes. Whether you are only one year late, or several, there is always a solution for your tax problems, and in most cases, can be less of a headache when you have a knowledgeable resource by your side.

Benefits of Partnering with a Tax Professional to Handle Your Tax Problems

  • No need to wonder about the process for filing your late or incomplete tax documents. A professional will understand the process and know what steps to take to correct it.
  • Get the answers to all of your questions from a trusted advisor rather than sitting on hold with a representative from the IRS.
  • Have someone who is working toward getting you the outcome that best fits your budget and lifestyle rather than being forced into something that you are not comfortable with.

© 2018 Paramount Tax and Accounting. All rights reserved.