Tax professionals across the country recently reported a surge in mistaken IRS balance due notices, as well as cases of failures to post payments made to taxpayer's accounts. The IRS is currently studying how widespread these cases are and the best options to address them. Here's what you can do if you've received one.

Don't spend time worrying about overdue taxes. Instead, take action. Do you owe less than $10,000? If so, your best bet might be to read about your options below. But if your tax bill is larger, for example, more than $10,000, then that is the time to contact us. We're specialists in tax resolution. We can explore if you qualify for options such as debt forgiveness and can even lift the burden off you of dealing with the IRS to negotiate a solution on your behalf.

Perhaps you’ve received a letter from the IRS recently and have been informed that they’re beginning the collection process of delinquent tax liability debts and that you are one of those debtors. On the other hand, perhaps you haven’t gotten a letter, but anticipate getting one soon, now that the IRS has resumed collections after the COVID-related pause of last year. Remember, they can go back for ten years to collect from past-due income tax filings. Knowing that you owe a large sum of delinquent back taxes without realizing precisely what can or will happen next could be keeping you up at night. 

Charles Myrick, a Certified Public Accountant, has more than two decades of experience representing taxpayers with the IRS. He is highly knowledgeable and experienced in what is known as tax resolution — the specialty of advising, representing, and negotiating with the IRS on behalf of taxpayers in problem tax cases. He and his staff feel a real sense of satisfaction from solving difficult problem tax cases and removing the giant weight off a client’s shoulders that comes from stressful interactions with tax authorities.

After a COVID-related pause in collections and enforcement, beginning June of 2021, the IRS has been sending out collection letters to individuals with overdue taxes. By now, many have gotten these letters. While the IRS will undoubtedly tell you to pay up now or face the consequences, you likely have more options than you know about, regardless of how little or how much you owe.

Are you worried about the federal back taxes you might owe? Does the prospect of paying them seem insurmountable? Rather than spending any more time worrying, read below to see if you might be a candidate for reducing debt through an IRS hardship program.