How do I resovle IRS Tax Problems?

If you are a taxpayer who owes income tax debts to the Internal Revenue Service, you may be asking yourself: “How to defend against an IRS tax or federal tax levy?” or “How can I resolve my federal income tax problems?” or “What should I do about my unfiled federal income tax returns and unpaid IRS tax debts/federal income tax debts, penalties and interest?” Chicago tax attorney and CPA Brian J. Thompson can assist you in resolving your unpaid federal income taxes and federal income tax problems with the IRS.

What should you do if the IRS sends you a Notice of Tax Due and Demand for Payment, a Notice of Federal Tax Lien, or a Final Notice of Intent to Levy and Notice of Your Right to a Hearing?

Do not ignore collection actions by the IRS which may include seizure and sale of property
held by you or levy of property that is yours but held by someone else (such as your wages,
retirement accounts, bank accounts, rental income, accounts receivable). The first step is to determine your true tax liability to the IRS, including any failure-to-file penalties, failure-to-pay penalties, and interest.  This first step may include filing any unfiled tax returns or correcting prior tax returns.  The next step in resolving your IRS tax debts involves paying the IRS what you owe. If you don’t have the money to pay your unpaid back taxes and federal tax debts now, an installment agreement or offer in compromise might be right for you.

Brian J. Thompson, CPA & Attorney