Many folk these days are finding themselves having difficulty with the Internal Revenue Service (IRS). If you are one of these people who are experiencing IRS trouble then you may well know something about this situation. The IRS may have notified you of a debt of back taxes if you didn’t send in the money when it was initially owed, or you did not accurately tell them how much you make. A lot of people are forced to delay making tax payments because they cannot afford them when they are due, and some citizens incorrectly assume that they will never have to pay their taxes.
In either case, the IRS can insist upon an instantaneous repayment of the owed taxes, and will tack on large charges and fines. To avoid possible jail time, if you are currently in such a situation, you should repay your owed taxes accurately and right away, and you will probably get the minimum penalties available. What you owe might be the listed amount on your tax form, a statement from the IRS, or an IRS proposed settlement that is completed. The IRS has a decade to reclaim what they are owed and can tack on additional fees and fines, but after a decade, their ability to do so will be gone.
Before taking any other action however you need to contact a tax expert to review your circumstances and negotiate a settlement for your IRS back taxes. You must not think you can deal with the IRS yourself and win. Your expert will know how to fill out the correct forms and how to talk to the IRS in your stead. You cannot file delayed federal tax payments by way of the Internet.
If you have never owed the IRS back taxes before this incident, the IRS might be somewhat lenient toward you as you work out an arrangement with them, however if this is your second time or more, the IRS will most likely not look kindly upon you in any way, shape or form. But the key in this and all circumstances is to seek appropriately experienced help immediately and do not delay or obfuscate in your dealings when in IRS trouble. If you do you may find circumstances get much worse very quickly.