Tips for Consumers Who Have Back Taxes or Tax Debt PR Web (press release)
Encino, CA (PRWEB) August 17, 2011
Tax Resolution Services, Co., the Nation’s Leading Tax Negotiation and Mediation Firm®, has additional advice to The IRS’s advisory list of ten tips for taxpayers who owe back taxes or have other tax debt which was published last week in their newsletter. The IRS, looking to collect every cent of taxes owed, shared advice including: get a loan to pay the back-tax debt in full; pay the tax debt off with a credit card, as the interest charged might be less than the accruing IRS penalties and interest; pay through electronic funds transfer; or consider changing your W-4 Employee’s Withholding allowance to pay down the tax debt.
All involve paying back the full amount owed, which might be cold comfort for those consumers who, for any number of reasons, failed to file due to an inability to pay their taxes and are not in any position to adhere to any of the IRS’s suggestions.
Tax resolution professionals , do not disagree with the IRS’ advice, however, say that there is a big caveat. Michael Rozbruch, founder and CEO of Tax Resolution Services, Co., an expert in tax problem resolution says, “If you have unfiled tax returns or owe the IRS back taxes, it’s important to figure out what your best IRS tax relief options are – consider getting professional advice from a tax resolution specialist.”
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