Tax Matters - The Top Tax Defenders Blog

It is now past Tax Day, and if you're taking stock of their tax liabilities and saying, “Yikes!” - you're not along. Many people are watching as their tax debt keeps growing with interest and penalties and wonder where it all stops.

You know you haven’t filed or paid taxes for one or more years, but do you know exactly how much you owe? Unfortunately, ignoring it doesn’t make it go away. Might as well bite the bullet now and get things figured out!

A tax lien isn’t a joke. The IRS isn't pulling a prank on you, and telling you that your property is about to be seized isn’t their idea of a good time. 

Wouldn't it be great to get rid of your tax debt without any consequences? Unfortunately, it's not a common option. At least, not without understanding how the IRS sees discharging or expiring your tax debt. 

Oh, no! More alphabet soup from the IRS. How can you understand your CSED if you don’t know what it stands for? 

In a perfect world, everyone could pay their taxes in full and on time. Oh, who are we kidding? In a perfect world, there would be no taxes! 

Do you owe back taxes? You have options for tax debt settlement that can help you get straight with the IRS. It’s no fun getting letters from the federal government that show your tax debt rising with every month that goes by.

If you somehow missed all the pop-up ads, TV commercials, and people dressed up in character costumes in front of tax preparation offices, Tax Day was April 18th. Individual taxes were due then, but if the date slipped by without you noticing, you are now late on your taxes.

If you did not pay your income tax liability or underpaid it, you now owe back taxes. Back taxes continue to grow by incurring interest and penalties, adding insult to injury. 

Nothing sets the nerves on edge quite like the need to file back tax returns. Deserved or not, the IRS has a reputation for making life difficult. (We will admit they are trying to be nicer.)