The IRS allows payment plans for back taxes, and depending on the balance you owe, it can be fairly easy. The greater the amount owed, the more complex the process can be.
Jones Sager and Company tax advisors can work with the IRS to get you on a simple, monthly payment plan to pay these back taxes over time. You may even qualify for an Offer in Compromise, making the payment of back taxes even easier. Either way, you need tax accounting representation to ensure your interests are being taken into consideration.
Without an experienced and a thorough understanding of all aspects of tax law, you will be stuck paying penalties and interest as you pay off your back taxes. Our tax accounting firm is often able to have these removed and coordinate a more affordable payment plan.