Feeling Restrained by Back Taxes? We Can Set You Free!
Are back taxes keeping you from moving forward in life? Don’t let the IRS muzzle your financial future. It’s time to unleash yourself from your tax debt. At Top Dog Tax Relief, we’ll create a customized plan to address your unpaid taxes and get you off the bad dog list.
Consequences of Unpaid Back Taxes
Unpaid taxes are a serious issue, especially if you don’t have the means to pay them. Penalties and interest fees can quickly catapult your tax debt to an unmanageable amount. Continuing to ignore payment requests (notices and letters) can also lead to aggressive collection actions, including:
Wage Garnishment
Unlike other creditors, the IRS can take a large portion of your paycheck to help pay off your tax debt.
Tax Liens
If you owe $10,000 or more, the IRS will likely place a tax lien on your home, making it difficult to sell or access any equity.
Tax Levies
The IRS can take money from your bank accounts, tax refunds (also known as offset), and even your Social Security benefits to pay down your back taxes. They can also seize assets to help cover your debt.
In certain cases, the IRS may also revoke or refuse to renew your passport if you are seriously delinquent and owe a large amount. Fortunately, there are ways to resolve your back taxes that won’t leave you feeling strangled by the IRS.
Back Taxes Solutions
If you’re at the end of your rope and can’t find a way forward on your own, the tax professionals at Top Dog Tax Relief can help. Depending on your specific situation, you may be eligible for one or more of these tax relief options:
Payment Plan
Avoid collection actions by setting up a payment plan that allows you to pay off your back taxes over several months or years.
Offer in Compromise
If you are facing severe financial issues, you may be able to pay less than you owe through an Offer in Compromise (OIC).
Uncollectible Status
In extreme cases of financial hardship, the IRS may place your account in a Currently Not Collectible (CNC) status, protecting you from collection actions.