Archive for May 11th, 2013

What To Do If You Owe Back Taxes to IRS Agencies

Owing back tax

If you owe back taxes to irs agencies, you are far from alone. The 8 billion pages of forms and instructions sent out annually by the IRS can make the entire process a confusing one, and the federal tax rates vary from 10 percent to 39.6 percent of your gross taxable income. With so many variables, many people who find themselves owing back taxes often feel overwhelmed when it comes to tackling this issue. In addition to those who owe irs money, most states and a number of locales across the country assess their own taxes on individuals and corporations alike, making the tax burden even higher on many.

If you owe IRS back taxes, the agency is Constitutionally permitted, once the legalities have been taken care of in absentia or not, to garnish your wages and seize your assets to satisfy your debts. Should you owe back taxes to IRS agencies, contact us immediately for help, and we will use our extensive expertise to lessen your tax burden and make the payments as easy to make on you as possible. Bring us your paperwork, and we will have a look!