Owe Back Taxes? How to Start the Restitution Process

Manuel Davis Jr.
February 27, 2009 — 1,863 views  
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So, you owe back taxes and are seriously stressed about what to do about it. Don't worry it's really not as bad as it seems. Sure, it's scary and the IRS is no one to tangle with, but it's not all gloom and doom. Millions of people owe back taxes and are in exactly the same situation you are. Luckily, there is tax help available and you won't have to go financially destitute to take advantage of it. The thing to remember is you should start the restitution process as soon as possible. By initiating the process you will save yourself a lot of money and a lot of grief.

The IRS is determined to get everyone who owes back taxes paid up in full will lots and lots of fees and penalties attached. The truth is they will eventually get to everyone who owes back taxes. If this is you, you want to strike first. Try to get to them before they get to you. This will help your negotiation position when it comes down to figuring out a deal. But, even if you are already in the IRS's patented harassment collection process, you can still negotiate a deal that best fits your needs and not the IRS's. There are options that benefit the taxpayer, but you better believe the IRS isn't going to tell you about them!

If you owe back taxes you need some expert help to guide you through the resolution process. You need to find professionals who know tax payer's rights and exactly how to push the IRS's buttons. A tax professional knows how to cut through all the red tape and separate what is good for you and what is bad for in terms of repayment programs. Don't go it alone. The IRS can and will take advantage of their position and squeeze every dime they can out of you. That's their job and your job is to protect yourself and your family.

So, don't delay because when you owe back taxes taking steps immediately or as soon as possible will mean something when you go to make a deal. Let your tax professionals negotiate for you. They can keep you from having to pay any further outrageous fines and fees and may even be able to get rid of some already assessed to your tax liability. If you owe back taxes, start the process now.

About the Author

Manuel Davis is a CPA and tax resolution expert for backtaxeshelp.com. If you owe back taxes and need help, our firm can resolve your problems.

Manuel Davis Jr.