they will notice that you haven’t filed and will pursue you for any associated late taxes. The IRS does not forget. The IRS does not go away.
Back taxes are taxes owed from a previous year or period. When a person owes taxes, but does not pay them when they are due, the result is back taxes. Likewise, underpaying tax obligations also results in back taxes. A person may underpay taxes or fail to report taxable income intentiona...
When a small business declares bankruptcy, it may reduce or eliminate debts owed to creditors. However, it does not eliminate back taxes owed to the Internal Revenue Service (IRS). The IRS still considers taxes owed even if the company declares bankruptcy. The good news is that there is some...
JIM S. My special thanks to John M…… Kevin M.Oregon: Owed IRS $50,000 Settled for $630 I was very leery that any of the tax resolution firms I was speaking with could actually settle my back taxes for less than I owed. I am so glad I retained Resolve Tax as they did just th...
IRS Liens Payroll Tax Problems Innocent Spouse See What Our Clients Have To Say About Us Jonathan was referred by a friend of mine in a period of my life when all my taxes, both my company's and personal, had been neglected by a different "professional". With a lot a time, effort an...
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IRS Urges Companies to Pay Taxes Owed By Workers Unaware of Backdated Options.The article reports that the U.S. Internal Revenue Service is urging employers to pay taxes for rank-and-file employees who exercised backdated stock options.Scannell...
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Reach out, get help, and address your back taxes problem as soon as possible. Like a dog on a bone, the IRS is aggressive about getting all the tax money owed to the federal government. You'll need to be equally aggressive in making the problem disappear - a scenario that is ...
Unfiled tax returns can lead to unusual tax issues, which is why US Tax offers tax help from our experienced tax resolution specialists. Generally the IRS will not prosecute people who voluntary file back taxes. However, if the IRS finds you first, they can punish individuals up to 1 year ...