I Received a Letter from the IRS – What Do I Do Now?

When you run into problems with your taxes, when you fail to declare something, or when you make a mistake in your filing, the IRS is not slow to contact you. When they contact you to tell you that you owe the IRS money, it is a horrible, sinking feeling. The most important thing is not to panic. Tax help is available through qualified, professional tax services, just like we here at Archer Solutions.

How Did the IRS Contact You?

After keeping calm and seeking out a professional tax service to help you in your hour of need, the first step is to make sure it was the IRS that contacted you. The IRS will almost always use the US Postal Service to send you a written notification. If the IRS contacted you by telephone, then there is a chance it may be a scam, particularly if you haven’t had any written notification of back taxes owed.

The IRS has its information on this matter, as they are aware of scam artists. You can read about this on their page should you need more information.

What Do I Do When I Owe the IRS?

Assuming that you have the accompanying paperwork or that you know for sure you haven’t been scammed, what do you do now? Once you receive your letter stating how much you owe the IRS in back taxes, you need to contact them, by telephone, and discuss a repayment plan which is the very least you must do to start the ball rolling. Excellent communication will keep you from getting any further into debt. It will also give you a chance to repay what you owe without any further problems.

Will I Go to Jail If I Can’t Pay?

If you choose to lie about your earnings, try to trick the IRS, or tell them any misleading information during your interviews, then you may find yourself in hot water with the law. There are numerous avenues that you can take to help you resolve your back-tax issues without having to declare bankruptcy or resort to drastic measures. This article from FindLaw has some good advice on what your next steps should be, but we do recommend you consult with a tax service before you go ahead with any interviews or agreements.

A Tax Service Will Get You a Better Deal

A tax service can provide more than just tax help because they can get you a better deal on what you owe. A tax service like ours here at Archer Solutions can negotiate with the IRS on your behalf, making the whole process less stressful for you. What’s even better is that a tax service will know the ins and outs of tax law by heart. They can take advantage and alert you to all the little hidden pointers you need to know.

Ultimately, when you employ a decent tax service to negotiate with the IRS for you, you may end up saving yourself more than just money. You are saving yourself from the stress and heartache that dealing with financial troubles can bring. Get in touch today if you owe back taxes to the IRS and buy yourself a little peace of mind. Remember, a letter from the IRS doesn’t have to be scary.