If you’re dealing with delinquent taxes, there are several avenues you can explore to get the help you need:
Tax Professional or Accountant
A tax professional, such as a CPA (Certified Public Accountant) or an enrolled agent, specializes in tax matters and can provide personalized guidance. They can help you understand your tax situation, prepare and file overdue tax returns, negotiate with tax authorities, and explore options for resolving your tax debt.
IRS Resources
The IRS offers various resources to assist taxpayers with delinquent taxes:
- Visit the IRS website (IRS.gov) to access forms, publications, and tools related to delinquent taxes. You can also find information on payment options, penalty relief programs, and how to resolve tax issues.
- IRS Taxpayer Advocate Service: This service helps taxpayers who are experiencing financial difficulties or who are facing problems with the IRS. They can provide assistance in resolving tax problems and navigating the IRS system.
Payment Options and Installment Agreements
If you owe taxes but can’t pay the full amount, the IRS may offer payment options such as installment agreements. These allow you to pay off your tax debt over time. You can apply for an installment agreement online using the IRS Online Payment Agreement tool.
Offer in Compromise
In some cases, taxpayers may qualify for an Offer in Compromise (OIC), which allows you to settle your tax debt for less than the full amount owed. This option is available if you can demonstrate that paying your full tax liability would cause financial hardship.
Penalty Relief
The IRS may provide penalty relief if you can show reasonable cause for not filing your tax returns or paying your taxes on time. This could reduce or eliminate penalties associated with your tax debt.
Legal Assistance
In complex cases or if you’re facing legal issues related to delinquent taxes, consider seeking advice from a tax attorney who specializes in tax law.
Financial Counseling
If your tax problems are part of broader financial challenges, consider seeking financial counseling or advice from a reputable financial advisor. They can help you develop a plan to address your tax debt and improve your overall financial situation.