Are you behind your taxes? Has financial crisis prevented you from paying your taxes on time? You are not alone. Today, millions of Americans owe taxes to the state and federal government. If you are one of them, a Nebraska tax debt resolution expert can help you find the best tax debt relief solutions.
If you have been continually ignoring tax notices from the government, you can expect the following to happen:
A tax bill will be sent to you, listing the amount you owe, along with tax penalties in the form of late fines and interest charges.
The government may impose a tax lien on your assets of value, such as your home or car.
Your tax debt may be reported to the credit bureaus, thus affecting your credit score.
The government will seize your assets and sell them in order to raise money to pay off your tax debt
Tax Defense Partners can help you resolve your tax debt issues. When you choose to work with us, you can expect us:
Yes! If you don’t file your returns, the IRS will impose a penalty on your balance every month. The accrual starts on the same day your tax return is due.
Yes. For delinquent taxpayers, who owe more than $10,000, the IRS usually files a federal tax lien. It will appear on your credit report and impact your credit score negatively. A tax lien is mostly filed against to property.
If you are one of the business owners selected for an audit by the IRS, you need to support your claims with proper documentation. Failure to do so may result in various penalties. Taxpayers are required to produce evidence when it comes to the statements, entries and deductions made on their tax filings. Otherwise, they may risk having their previous returns rejected, amended or overturned.