What to do if you can't pay your taxes



What to do if you can't pay your taxes?

Either you know you can't pay what you owe according to your tax return or you haven't prepared a tax return because you are afraid you can't pay your taxes. In either case you need to find a resolution to your situation because in either the case the IRS will be contacting you, it is not a matter of if but when?.

Your situation may not be as bad as it exists in your mind. I represent people from all over the world who are required to file U.S. tax returns. If you need to file, I have found that clients often don't owe as much as they think. If you owe and aren't in a position to pay it all now there are things you can do to find a resolution to your situation.

No matter what resolution option is best for your situation you need to be in compliance by filing your tax returns and making your required payments. Once we you into compliance then I can represent you before the IRS to work out an arrangement with the IRS. Those arrangements may include the following:
Above I mentioned that the IRS will contact you. Why? Notice what the current situation is with the IRS:
  • There are over 15 million people currently in the IRS collection process
  • There are another estimated 7 million people who have not filed tax returns

With all those uncollected taxes from 22 million people who potentially owe the IRS they will be contacting you. Already many people are receiving IRS notices and some are loosing their passports or face threats of Levies and or Liens. So act now to resolve your situation with the IRS. Use my email address below to contact to arrange an appointment for a phone conversation to start the process of resolving your situation.



The CPA Superhero
jeff.jhtaxes@gmail.com
217-923-8007



Posts:

Be careful when reading about tax law and its application, including my articles, because the wording and definitions are such a challenge and are influenced by writers perspective, specifically his own clients situations that he is mindful of and other situations the writer is not thinking of. The point is talk to your CPA about your situation and circumstances and don't rely on or make conclusions based on articles you read, including articles form irs.gov, because concepts and definitions are not very clear, and of course, they are subject to change. Now is the time to be having discussions about your situation and developing strategies for you and your business. Again, contact me using my information above to discuss your situation. I help business owners all over the U.S. and in foreign countries with their tax returns.

What Should I do if "I owe back taxes"?

"I owe back taxes"





This is the common phrased used by people who need IRS representation, help dealing with the IRS about tax issues. Resolving tax issues with the IRS is something I do. And tax issues, you owe back taxes and/or you also need to file back tax returns, are growing issues as the IRS focuses on collections and enforcement

This is a rare field, as very few tax preparers, whether they are CPA's or EA's, do this and even fewer really know how to help you. It is a specialty that requires four things:
  1. Actually having a conversation with you about your situation 
  2. Knowledge of the IRS "Collection Process"
  3. How IRS financial guidelines affect the decision of what approach to use with the IRS (strategy)
  4. The IRS collection alternatives
So, you have either received a notice from the IRS and or you have back tax returns that you need to file. The solutions for you begin with the conversation about your situation and then getting into compliance with regard to filing your tax returns.  Then we can take a look at your situation with the IRS and what you owe and develop a plan to resolve the issues with the IRS.  We can look at resolutions like an offer in compromise, an installment agreement, or other options.

There is a lot anxiety associated with your situation, so let's get going. Contact me today using my contact information below to arrange an appoint for a phone call to discuss your situation.

I have clients around the world. If you happen to be outside the country we can arrange to do a call via Skype or Whatsapp. So contact me today and let's get going to find a resolution for your situation. (By the way if you live outside the U.S. or like to travel your passport may be in jeopardy if you don't resolve your IRS issues.)




The CPA Superhero
jeff.jhtaxes@gmail.com
217-923-8007



Posts:

Be careful when reading about tax law and its application, including my articles, because the wording and definitions are such a challenge and are influenced by writers perspective, specifically his own clients situations that he is mindful of and other situations the writer is not thinking of. The point is talk to your CPA about your situation and circumstances and don't rely on or make conclusions based on articles you read, including articles form irs.gov, because concepts and definitions are not very clear, and of course, they are subject to change. Now is the time to be having discussions about your situation and developing strategies for you and your business. Again, contact me using my information above to discuss your situation. I help business owners all over the U.S. and in foreign countries with their tax returns.

Is Your Passport In Jeopardy Because Of Taxes?




The U.S. government is determined to reduce the tax gap by collecting taxes owed. Their efforts are very serious and may result in your passport being revoked. What can that mean for you? It could mean that your passport will be revoked. If you are outside the U.S. this could be a serious problem for you.

I have helped clients all over the world to get into compliance with filing their tax returns and making payments on the amounts due or negotiating offers in compromise or installment agreements. Additionally, I represent taxpayers with IRS issues like collections, audits, or other issues. While my office is in Central Illinois, most of my clients are in foreign countries or other parts of the U.S. I work with clients by digitally sharing a file with tax information from my clients and my workpapers and copies of prepared tax returns. I would be happy to help you with your tax situation.

Why is your passport in jeopardy? The Fixing America's Surface Transportation (FAST) Act provided for the IRS to be able to notify the State Department of taxpayers who owe taxes and enables the State Department to deny passport applications or renewals. If a taxpayer has a current passport it may even be revoked. This means that if you are living in a foreign country you may find that you are not able to leave that country even to return to the U.S..

The IRS indicated there are things you can do to avoid getting your passport revoked. They include:

  • Paying the tax debt in full
  • Paying the tax debt timely under an approved installment agreement
  • Paying the tax debt timely under an accepted offer in compromise
  • Paying the tax debt timely under terms of a settlement agreement with the Department of Justice
  • Having a pending collection due process appeal with a levy or 
  • Having a collection suspended because a taxpayer has made an innocent spouse election  or requested innocent spouse relief.
There are also other conditions under which the IRS will not notify the State Department or will reverse the certification for a taxpayer.

The point is you need to act quickly. 

If you or someone you know is in this situation, contact me using my information below to setup an appointment to discuss your situation and let's take care of this.




The CPA Superhero
jeff.jhtaxes@gmail.com
217-923-8007



Posts:

Be careful when reading about tax law and its application, including my articles, because the wording and definitions are such a challenge and are influenced by writers perspective, specifically his own clients situations that he is mindful of and other situations the writer is not thinking of. The point is talk to your CPA about your situation and circumstances and don't rely on or make conclusions based on articles you read, including articles form irs.gov, because concepts and definitions are not very clear, and of course, they are subject to change. Now is the time to be having discussions about your situation and developing strategies for you and your business. Again, contact me using my information above to discuss your situation. I help business owners all over the U.S. and in foreign countries with their tax returns.

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