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Richardson TX - What If You Can't Pay Your Income Taxes?
With most of my tax clients that come into our Richardson, TX, tax office, they get their tax returns filed timely, and are either able to pay their taxes timely, or we immediately get them set up a payment alternative early on and minimize the problem. However, I often do meet with taxpayers who come to us and who 1) did not file their returns timely, and due to a variety of circumstances, 2) did not pay the balance due. Often years go by, and eventually they get a point of a bank or wage levy, a seizure of an asset, or some event triggered by the IRS’s enforcement actions, that creates chaos in their lives. At that point, they’re terrified, or sometimes incredibly angry, don’t know what to do and come to us.
The goods news is there is help. The IRS is more than happy to work with taxpayer to find a viable solution that is reasonable for the taxpayer, but they need the taxpayer’s attention and willingness to work with them. So, what do you, the taxpayer, need to do to resolve the problem. Below is a roadmap for resolving the issues effectively.
Tax Compliance
The Taxpayer must be in Tax ... more

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