Overcoming Tax Problems - Don't Be Afraid of the IRS!

 

 

 

 

 

 

  Owe Money to the IRS? Use These Money Saving Tips Before You File   Tax time is not fun, but reaching the end and finding you owe money is even worse. If the results of your tax preparation activities are less than optimal, you might think the only choice is to write the check, but that may not be the case.   We specialize in helping people who owe $10,000 or more to the IRS or have years of unfiled tax returns. If you have any tax trouble or owe more than $10k to the IRS or state but can’t pay in full, contact our firm today at (470) 305-1233 or online at www.fairtaxsolutions.com .   However, depending on the circumstances and the time of year you’re reading this,   you may be able to trim your tax bill now, before you file and write that check. Here are some possible ways to trim the high cost of filing taxes and keep more money in your pocket.   Boost Your Year-End 401(k) Contribution This might not help you for 2021 but planning ahead is always key and for 2022

  Avoid the April 15 Blues - Take a Step-by-Step Approach to Your Taxes This Year   It is no wonder so many Americans dread the April 15 tax filing deadline. The U.S. tax code already contains more words than the Bible, and hundreds of pages of new rules and regulations are often added.   With so much complexity, it is no wonder so many of us put off filing our taxes until the last possible minute, but taking that approach introduces its own stresses and can potentially land you in hot water with the IRS. What if you do not get it done on time? You can file for an extension, but you are still required to pay the taxes you owe plus penalties and interest. How do you know you didn't make a mistake with your last minute tax filing? Something as simple as a mathematical error could increase the odds of an audit and put you in the crosshairs of the IRS.   We specialize in helping people who owe $10,000 or more to the IRS or have years of unfiled tax returns, so we’ve seen ou

 

  Common Tax Relief Programs the IRS Offers The old saying that nothing is certain in life except death and taxes has never been truer, or more frightening. In the current environment, fear of the IRS is creeping in, and nothing will get your heart racing quite as fast as opening the mailbox and finding a letter from the tax agency. When the IRS comes calling, you might think that there is nothing you can do. You may worry that you will have to liquidate your assets, sell your car or even put your home on the market to afford what the IRS says you owe. The good news is that you may not have to pay that total amount, and before you write that big check you should check out the alternatives first. The IRS actually understands taxpayers fall behind on their taxes, and they have programs in place that can reduce the amount you owe or at least make paying the tab a little easier. Note: As a tax resolution firm, we always recommend that you reach out to a professional who knows how