What If I Can’t Pay My Taxes?

upset woman with head down

Tax season is upon us, and for most people, this means filing their taxes and getting the refund they are owed. But for others, it means having to pay back a hefty amount of taxes. It's an unpleasant thought and one that many of us don't want to think about, but it's important to know what to do when you find yourself in this situation.

Know Your Options

If you cannot pay your taxes, the IRS offers several options. First, if you have some money saved up but not enough to cover the full amount due, you may be able to set up a payment plan with the IRS. This will allow you to pay off your tax debt in smaller installments over time.

The IRS also offers options for those who cannot afford to make any payments at all. For instance, if your income is below certain thresholds, the IRS may agree to suspend collection activity on your account until your financial situation improves. In either case, it's important to contact the IRS as soon as possible so that they can help you figure out what options are available and how best to proceed.

Have a Tax Debt Relief Attorney Help You

It may be wise to seek professional help from a tax attorney when dealing with a difficult tax situation. They may be able to offer advice on how best to proceed and work with the IRS on your behalf. They can also help ensure that all necessary paperwork is filled out properly and filed on time for your relief request from taxation. Additionally, a professional can review any offers or agreements made by the IRS before signing them to make sure that everything is fair and equitable for both parties involved.

Contact Law Offices of Darrin T. Mish, P.A.

Dealing with delinquent taxes can be stressful and intimidating, but knowing that options are available can help provide peace of mind during this time of uncertainty. Remember not to ignore any notices sent by the IRS regarding unpaid taxes. Doing so could lead to more serious consequences, such as wage garnishment or liens against property owned by the taxpayer.

If you find yourself unable to pay back taxes now that tax season has arrived, reach out to Law Offices of Darrin T. Mish, P.A. so that you understand all of your options before taking action. With proper guidance and assistance from our team, it may still be possible for you to resolve this issue in a timely manner without incurring too much financial hardship along the way.

Get in touch with our team today at (813) 295-7648 to learn more about your tax debt relief options!