What Should I Do if I Have an IRS Balance?
Are you feeling the weight of an IRS balance?
If so, you’re not alone. Many people find themselves in this situation, unsure of the best course of action to resolve their tax issues. However, there’s no need to face it alone. With the right guidance, you can confidently navigate through this challenge and find a solution that works for you.
What Should I Do?
Face the Issue: Ignoring your IRS balance won’t make it disappear. In fact, delaying action can lead to additional interest and penalties. It’s essential to address the issue head-on and take proactive steps towards resolution.
Don’t Ignore It: Ignoring an IRS balance will only make matters worse. The longer you delay addressing the issue, the more interest and penalties you’ll accumulate. Instead, face the situation head-on and take proactive steps to resolve it.
Assess Your Situation: Start by assessing your financial situation and understanding the root cause of your IRS balance. Did you miss filing a tax return? Or maybe you couldn’t afford to pay your taxes in full? By understanding the underlying factors, you can develop a targeted strategy for resolution.
Explore Payment Options: Contrary to popular belief, the IRS offers various payment options for individuals with tax balances. These include installment agreements, offers in compromise, and currently not collectible status, among others. Ben Butterfield can help you explore these options and determine which one aligns best with your financial circumstances.
Stay Compliant: Once you’ve entered into a payment arrangement or reached a resolution with the IRS, it’s crucial to stay compliant moving forward. This means filing your tax returns on time and making timely payments according to the agreed-upon terms. By demonstrating good faith and compliance, you’ll avoid future tax troubles.
Seek Professional Help: Dealing with the IRS can be complex and intimidating, especially if you’re unfamiliar with tax laws and procedures. That’s why it’s vital to have a tax expert on your side. In fact, the IRS prefers working with tax resolution professionals, and you’ll usually get a far better outcome with a seasoned expert on your side…
An expert like Ben Butterfield.
Ben Butterfield, founder of BPB Tax Resolutions, provides comprehensive tax resolution services to people facing an IRS balance. He understands the complexities of the tax system and has the expertise necessary to guide you through the settlement process.
With his personalized approach, Ben will be your advocate for dealing with the IRS.
Don’t face the IRS on your own.
Call Ben Butterfield now for your free case evaluation!
