AmeriPride Tax Group FAQ:
If I haven’t filed a tax return in years, is it better to start
filing now or wait until the IRS asks for a return?
The best thing you can do is file your tax return as soon as possible. The IRS will eventually find
out that you haven’t paid taxes through employers, contractors, mortgage holders or previous
documents. The longer you go without paying taxes, the more fines you will have to pay. If you
can’t pay all of your taxes, you may be able to qualify for an Offer in Compromise, Installment
Agreement or Currently Not Collectible Status.
Get all tax documentation you have to file for previous years. If you can’t find some of the
documentation, call the IRS for help. You must file late tax returns by paper. Also, you should
mail them through certified mail in different envelopes for each year.
What can I do if the IRS sends notice that they have a
collection action against me?
If you are unable to pay the taxes within the time allotted by the IRS, or if there is question as to
the validity of the taxes, you need to seek help to protect your assets from collection. .
What can I do if I can’t pay the IRS what I owe?
If it is impossible to pay back the IRS, you may be able to negotiate an Offer in Compromise,
which can offer some help by settling your taxes for less than you owe. If the IRS accepts your
offer, you can pay the amount agreed upon, and all federal tax liens are removed.
Negotiating an Offer in Compromise can be very complicated and last 6-18 months. After all
that, only about a quarter of all offers are accepted. Therefore, it is highly recommended that you
get a tax specialist to help with your offer. Offers in Compromise are eligible for acceptance if
Doubt as to liability – There is doubt that your tax is correct.
Doubt as to collectibility – There is doubt that you could pay what you owe.
Effective tax administration – Your offer can be accepted even if your tax is correct and
can be collected under rare circumstances if you can