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Follow on Google News | Why This Should Be the Year You Pay Off Back Taxes?By: LifeBack Tax That leaves those tax-owing Americans in a difficult position. They want to pay, but they can't, and the end result is feeling a lot of guilt about the situation. There is no easy way to get out of paying your back taxes. Uncle Sam wants his money, and he'll get it somehow. Know your IRS Tax Relief from pay back taxes There are steps you can take to find a solution and make 2020 the year you finally deal with your taxes. Note, we always recommend getting in touch with a specialized Tax Resolution Professional to negotiate with the IRS on your behalf. If you'd like to schedule a no-cost confidential tax relief consultation, contact us at 1–855–605– Why Now Is the Right Time to Deal with Back Taxes 1 You'll End Up Owing Less: The longer you wait to pay your back taxes, the more you are going to end up owing. That's because the IRS can and will add penalties that run up to 50% of the tax bill. That can add up quickly. The longer you drag out the situation, the more you'll need to pay your tax resolution specialist to help you handle everything. If you need help from a CPA, enrolled agent or a lawyer who is also a tax resolution professional, look for someone that will charge you a flat fee rather than an hourly rate. Some cases take longer to resolve, so it's important to know upfront what you'll be paying in service fees to get your back-tax issue resolved. 2 Housing prices are at an all-time high. Time to cash in? If you own your home or have equity in it, selling it and downsizing may be the best way to settle your tax debt and get a clean slate. Now is a perfect time, too, with housing prices at a premium in many areas of the country. You can use that cash in the bank to settle your back taxes almost immediately. Most experts agree we're due for a recession soon. How soon? Well, no one knows. What we do know is that having a large back tax bill will only hinder your ability to weather a storm in the event of an economic downturn. Don't let the burden of back taxes hang over your head any longer. Discover how to solve your tax problem by speaking with our tax relief professionals at LifeBack Tax. Click to Know more: https://lifebacktax.com/ End
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