Back Taxes Owed
You have filed your taxes returns on time but did not pay the tax that was due.
What happens next?
Penalties and interest will be assessed going back to the original due date of the unpaid tax. These penalties and interest are calculated on a daily basis and it doesn't take long before the amount due to the IRS is three to four times the original amount.
There are several options available to the taxpayer when it comes to resolving unpaid taxes. Please contact us to talk to a tax professional and go over the options that are available to you.
