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.
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.