Help with Tax Problems
- Knowing your Tax Debt
- Possible Collection Actions
- Inability to Pay
Tax Debt - Knowing why you owe taxes is important, because it can help you to prevent future balances or decide if you would like to dispute the tax owed. Knowing how much you owe is also important, because while you are trying to decide how to resolve the balance, interest and penalties are adding up. Get to know your balance, this will give you more clarity on what you are dealing with, how to prevent future balances and which option you should pursue to resolve the taxes owed. The workshops offered by Collection Alternatives can help you understand all aspects of your tax debt.
Collection Actions - Possible collection actions include liens, levies on wages, bank accounts, Social Security and seizures. These items not only hurt your credit rating, but can also damage your financial status. Using one of the tax relief options can help you manage your tax debt and prevent future tax problems, because no one wants to be surprised by a levy or lien.
Inability to Pay - Just because you cannot pay does not mean you should ignore your tax debt, because it could result in even more tax problems like collection. So you cannot full pay the taxes owed, you still have five other options to consider, Bankruptcy, Offer in Compromise, Installment Agreement, Non Collectible and disputing the tax/liability. Review your tax account balance, then analyze your financial situation to determine which option is best for you.
Tax problems do not only include your tax debt, it also pertains to future collection actions, future balances, your credit, your financial situation and peace of mind. My workshops are full of information to help you manage and resolve your tax debt, and reduce tax problems. Call me with questions or to sign up for a workshop.