Question: I’ve been getting letters from the IRS saying I owe back taxes for 2017 – 2019. This is taking over my personal life and don’t know where to start. What should I do?
Answer: Owing money to the IRS or State can be intimidating and throw your life out of balance but ignoring these notices will only make things worse. It’s important to take immediate action. The IRS has over 148 types of penalties they can assess, and the worst part is they can also charge interest on the original penalties. Penalties can be a high percentage of the total amount owed to the IRS.
The IRS has 10 years to collect from the date you filed your return and they won’t go away. Not only can they freeze your bank account and take the money, but they can garnish your wages and legally take as much as 90% of your net paycheck, without a court order!
You need a professional expert to help you deal with the IRS. You can’t do this on your own. You will get run over by the IRS. As a matter of fact, going or talking to the IRS without expert representation could be the worst thing you can do. The taxpayer Bill of Rights allows you to be represented by a Tax Resolution Specialist who can negotiate a resolution with the IRS in your best interest.
We at Jim Matthews CPA are experts in IRS tax problem resolution and help taxpayers with their IRS Problems every day. There is a solution to EVERY problem. Generally, you’ll never have to meet or speak with the IRS once you bring us into the picture. Call us today! 972-613-3034 for a FREE confidential consultation.