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Date Created: 12/21/15
Columbus Truck Driving Jobs Offer Feedback On Unfiled Back Taxes Many taxpayers are facing the problem of unfiled back taxes. If you ignore the problem, you run the risk of tax liabilities spiraling out of control with interest and penalties. Columbus truck driving jobs understand that these problems can appear complex, but through our intricate tips hopefully you can sidestep these problems a tad quicker. Next, you are at risk for wage garnishments, bank account levies and no tax liens. Since the IRS is more interested n getting delinquent taxpayers back in the system, non-filers are better off getting the returns filed, even if they are unable to pay the tax liability. It is best to file the back tax returns prior to the IRS contacting you. The fact that you are not able to pay the back taxes should not prevent you from filing back returns. Once the return has been filed, you may discuss with the IRS your payment options. You may be surprised at their willingness to work with you. You should also try to get any penalties waived if you have a reasonable cause for non-filing. The interest, however, will not be waived except in rare cases. If the IRS comes after you before you have taken the steps to file the delinquent returns, it is not too late to work out a solution. The IRS will accept a timetable for filing the back returns. Many Columbus truck driving jobs involve a heavily anxious tax period, so we know full well the stresses that the IRS can evoke. The IRS’ goal is to collect the taxes you owe. If you owe the IRS money and can’t afford to pay, you can usually work out a payment solution. Over the years, the IRS has become more willing to accept payment arrangements on past due tax bills. If you owe $50,000 or less, an Installment Agreement is usually easier to get. When considering a monthly Installment Agreement with the IRS, be sure the monthly payment amount you agree to is reasonable enough that you will be able to make the payment each month while substantial enough to pay down your obligation in a practical amount of time. You can set up an Installment Agreement by contacting the phone number on your IRS bill or online. Based on the financial information on the form, the IRS will determine the monthly payment amount. If this amount is more than you are able to pay, you may be able to negotiate a lower amount. The income shown on the form after deductions for necessary living expenses is what the IRS considers available additional income that can be used to pay your tax liability. Hopefully these tips - provided by Columbus truck driving jobs – can put you in a better situation regarding your taxes,
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