If you have worked hard to repay your state taxes but are still suffering from financial hardship or are unable to repay the amount Idaho State Tax Commission says you owe, you need to take steps to remedy the situation now. If you ignore their demands or letters for payment, then they have steps they can take that will cause you more financial hardship, including charging interest on your unpaid taxes, adding a tax lien and/or tax levy to any property you own, and garnish your paycheck. All these measures and more can be avoided if you seek the advice and services of a tax debt relief specialist, such as Tax Defense Partners, at the earliest opportunity.
The Idaho State Tax Commission expects everyone to file a tax return and pay their taxes by their due date. There can be many reasons why people fail to comply with this. The state tax authority will generally take the first steps to remind you about the unpaid taxes and if you continue to ignore their letters and not pay any tax, then your tax debt will rise as they will apply interest to the unpaid tax debt. Further measures can be taken and eventually they can seize any valuable property you own and sell it to settle your tax debt. All these can be avoided if you engage with them as soon as possible. If you cannot communicate with the Idaho State Tax Commission yourself, then Tax Defense Partners can work with you to achieve a mutually acceptable resolution
Tax Defense Partners has a great deal of experience in negotiating with the Idaho State Tax Commission to obtain the lowest amount payable for our clients. If you are unable to pay the full amount of outstanding taxes, it may be possible to negotiate a plan that allows you to pay in easier installments.
Sometimes the Idaho State Tax Commission can get things wrong, but by allowing a debt to accumulate, you will not be helping your case. You can appeal for an amended tax bill or submit evidence stating that the Idaho IRS tax bill is wrong or incorrectly calculated. These are things that we can help you with.
Under certain circumstances, it is possible to get a first-time penalty abatement if you fail to file your tax return or pay taxes on time. This is generally possible if you have not filed a tax return previously or have had no penalties on your previous three tax returns.
If you are able to get a penalty fee reduced or removed, then any interest charged on that penalty will also be reduced or removed. However, any unpaid tax debt balance will continue to gather interest until you have paid the amount in full.