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If you need tax help read on for answers to the most frequently asked questions. Tax time can be daunting. There’s so much to learn.
When are Taxes Due?
Taxes are due by midnight on April 15 if you owe taxes. If you are expecting a refund they aren’t nearly as demanding about having your tax return in on time.
I Need Tax Help on How I Can Save Money by Filing My Tax Return?
When you file your taxes on time you can save money several ways.
How do I Setup an Installment Agreement?
If you’ve filed your taxes and need setup an installment plan you can deal directly with the IRS if the amount is less than $25,000. If it’s more than $25,000 you will need the assistance of a tax lawyer.
If you setup an installment agreement, which is really just a payment plan, the IRS can still file a Notice of Federal Tax lien. This is done to protect the government’s interest and is removed when you make your final payment.
An installment plan has a one time setup fee. If you don’t meet your obligations through the instalment agreement and default you will be charged an additional fee to reinstate the agreement, and it could affect your credit report.
Who Qualifies for a Relief Program?
Just about everyone can qualify for some tax relief. Taxpayers have rights that are intended to make sure that fairness prevails and to help those that are having difficulties. Most people don’t even know this law exists.
The IRS will use a specific formula to evaluate whether you qualify for relief based on the cost of living index for the country. Qualifying for relief can substantially reduce your tax bill.
If you do not qualify for the tax relief program you may qualify for the reduction of penalties or interest. If you need tax help talk to a tax relief consultant.
How Far Back can the IRS go to Collect Unpaid Taxes?
Usually 10 years from the time of assessment, but there can be exceptions.
For direct tax issues or if you need tax help, contact the IRS, a tax consultant, or a tax lawyer.
When are Taxes Due?
Taxes are due by midnight on April 15 if you owe taxes. If you are expecting a refund they aren’t nearly as demanding about having your tax return in on time.
I Need Tax Help on How I Can Save Money by Filing My Tax Return?
When you file your taxes on time you can save money several ways.
- Personal exemptions, credits, and deductions can help to lower your taxes.
- File on time because late returns where you owe will result in interest charges, penalties which will add 25% or more to your tax bill.
- If you have a refund coming make sure to file a return within 3 years of the original due date.
- If you are unsure and need tax help read contact the IRS.
How do I Setup an Installment Agreement?
If you’ve filed your taxes and need setup an installment plan you can deal directly with the IRS if the amount is less than $25,000. If it’s more than $25,000 you will need the assistance of a tax lawyer.
If you setup an installment agreement, which is really just a payment plan, the IRS can still file a Notice of Federal Tax lien. This is done to protect the government’s interest and is removed when you make your final payment.
An installment plan has a one time setup fee. If you don’t meet your obligations through the instalment agreement and default you will be charged an additional fee to reinstate the agreement, and it could affect your credit report.
Who Qualifies for a Relief Program?
Just about everyone can qualify for some tax relief. Taxpayers have rights that are intended to make sure that fairness prevails and to help those that are having difficulties. Most people don’t even know this law exists.
The IRS will use a specific formula to evaluate whether you qualify for relief based on the cost of living index for the country. Qualifying for relief can substantially reduce your tax bill.
If you do not qualify for the tax relief program you may qualify for the reduction of penalties or interest. If you need tax help talk to a tax relief consultant.
How Far Back can the IRS go to Collect Unpaid Taxes?
Usually 10 years from the time of assessment, but there can be exceptions.
For direct tax issues or if you need tax help, contact the IRS, a tax consultant, or a tax lawyer.
