What to do about Tax Debt

Outstanding tax problems can leave you feeling worried and stressed over steps that the IRS may take to obtain the money you owe. If you are concerned about personal tax debt, your Tucson Tax Resolutions Specialist CPA can help you evaluate the situation and find the best path to achieve the tax debt relief you are seeking.

Take Proactive Steps

If you know that you have outstanding tax debt, the best thing you can do is take proactive steps to address it. Even if you cannot pay the debt, ignoring IRS notifications will only make the situation worse, since the IRS may pursue wage garnishment or other actions. There are several options available to address your tax problems; acting to find a resolution quickly allows you to explore your options and choose the best path for you before the IRS takes aggressive actions, such as property seizures. Additionally, if you have not yet filed your tax return, do so as soon as possible—the penalty for failure to file your tax return is much greater than the penalty for failing to pay your taxes, and will only compound over time.

Hire a Qualified Tax Resolutions CPA

Hiring a CPA experienced in IRS Collection matters is a great step toward handling your AZ tax debt quickly and smoothly. Even if you think you know the path you want to take to resolve your debt, an experienced CPA can assess your financial situation and offer professional advice you may not have yet considered. CPAs can also help you propose an installment plan or apply for an Offer in Compromise that is more likely to be accepted by the IRS, allowing you to pay off your debt more comfortably and quickly; additionally, your CPA may be able to help you amend previous tax returns to reduce the amount you owe if you were eligible for additional deductions you failed to claim. 
Are you currently worried about outstanding tax debt in Tucson? Tom Scott, CPA specializes in helping individuals achieve tax debt relief; you can find out more about handling IRS tax problems when you visit us online, or call (800) CPA-4005 to schedule a tax relief consultation.

Accelerated Accounting

Tucson Accounting, Bookkeeping, and Tax Preparation Experts
145 E. University Blvd., Suite 1A
Tucson, AZ 85705

(800) 272-4005