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PRLog (Press Release) -
Oct. 29, 2012 - We understand that owing money to any government agency can be nerve wracking and stressful but you shouldn’t need to worry, by taking a proactive approach to your tax problem, you can rest assure that we will work hard and diligently to find the appropriate resolution plan that could help resolve your tax issues. Let us discuss your personal case today.Let us walk you through step by step towards resolution.
What sets us apart from the competition?
We don’t set a single fee for the entire service at the beginning of the process. Instead, we offer a TWO-PHASE program, which results in our clients paying only for the services they actually need.Visit our website for more information at www.800tax.com or call our office anytime at (888) 829-9200.
For those taxpayers who haven’t filed their tax returns in a timely fashion, there are some facts you ought to know. The government considers it a crime to not file a tax return if you owe taxes. It is important to know that as long as you file a return, there is no criminal penalty for non-payment;
just the interest and financial penalties you will accrue. The Internal Revenue Service recommends that you file a return no matter how late rather than wait to hear from them. According to IR-92-114, the IRS will not criminally prosecute any taxpayer who files before they are contacted regarding a failure to file a tax return. Failure to file can cost you a fine of up to $25,000 for each year you are in arrears, as well as possible prison time.
The IRS has created several engagement processes to aid delinquent taxpayers. In order to determine whatever delinquent amount is due, unfilled returns need to be submitted. In fact, if you are going to hire a professional to represent you with the engagement process through the IRS, you must file all missing returns. Once all returns are filed, the analysis of which engagement process best applies to the taxpayer can be evaluated for optimal results, and is based on federal tax law and IRS guidelines regarding the taxpayer’s financial situation.
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