Don’t let delinquent taxes keep you up at night. Get help now!
Delinquent taxes are amounts owed to the IRS that haven’t been paid by the due date. Once filing or payment deadlines are missed, your taxes are considered delinquent. Ignoring them can lead to penalties, interest, wage garnishments, or even tax liens on your property.
When taxes remain unpaid, the IRS begins the collections process. First, you receive a bill for the overdue amount, followed by a delinquent tax notice detailing the total owed including penalties and interest. Interest continues to accrue daily until the balance is paid. To minimize further penalties, it’s essential to address the notice promptly. Common solutions include:
Submit your tax return and pay within eight weeks of the notice to avoid further actions.
Set up a payment plan with the IRS to spread your tax payments over months or years.
In some cases, pay less than the full balance over the collection period with IRS approval.
Settle your tax debt for less than owed, either in a lump sum or through approved periodic payments.
If facing extreme financial hardship, the IRS may temporarily delay collections by declaring you currently not collectible.
Our tax professionals at Sky View Tax Resolution will guide you through the best options for resolving delinquent taxes. Schedule a free consultation and regain peace of mind!
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