The IRS has the legal right to collect unpaid taxes in a variety of ways—but it also has several structured programs for taxpayers who may not be able to pay in full upfront. The issue is that these programs aren’t automatic. Taxpayers who have fallen behind need to ask for help to avoid their bills increasing every month due to penalties and interest, not to mention aggressive collection actions. Joshua works to help clients catch up on tax debt while avoiding collection efforts that can cause serious financial hardship.
Taxpayers often fall behind due to job loss, incorrect withholdings, or incorrect estimated payments. The IRS pursues this debt aggressively, compounding interest daily and adding penalties each month. Joshua works to stop aggressive collection efforts and help find affordable resolutions that keep clients on track.
If you fall behind on filing tax returns, the IRS still knows that you may owe them money. After giving you a chance to file on your own, they may file a Substitute for Return on your behalf. This typically overstates what you owe, as it does not include any deductions or credits. By filing your back tax returns, you can get a more accurate representation of what you owe—or claim refunds you may be owed.
If you’re facing an audit, there’s a real possibility that the IRS is preparing to assess additional taxes and penalties. They may suspect misconduct, unearthed discrepancies, or you may have been randomly chosen. Whether you’re preparing for an individual or business audit, Joshua will help you feel prepared and confident about the entire process.
There are numerous forms of tax relief provided by the IRS, but sorting through your options and understanding each program’s requirements can be confusing. With BestTaxPro™, you can get targeted advice based on your tax situation and submit the strongest application possible.
IRS letters like CP14, CP501, CP2000, and Letter 1058 should never be ignored. They indicate that the IRS has either found an issue with your return, does not have your return, or is planning on collecting what you owe via lien or levy. The team at BestTaxPro™ can help you understand the notices you’ve received, where you are in the collection process, and what your next steps should be.