If you feel that your taxpayer is being untruthful to you in terms of calculating your tax owed, the only person who can help you in the matter is your tax preparer or lawyer. In most cases, an audit by the IRS is the only way to get to the bottom of whether or not you are liable for unpaid payroll taxes. Even in these situations though, the audit will still look for the unpaid payroll taxes. An audit does not necessarily mean that you are the taxpayer; it just means that a tax inspector is looking into your tax records to determine whether you paid the tax where it should have been paid and the tax owed is more than you believe you are liable for. View here to find out who is responsible for unpaid payroll taxes.
If you do not pay your taxes in full, you will most likely end up having to pay the excess money back to the government within a short period of time - usually a few months. It is not uncommon for taxpayers to be forced to file bankruptcy when they are unable to pay their back taxes. In these cases, the tax debt is often very large and it may not be possible to pay the balance in a timely manner. In these situations, the bankruptcy is a court decision. The bankruptcy option is open to taxpayers who can demonstrate that there is not enough money available to pay the back taxes due.
There is another option, however. You may be able to settle your tax debt without entering bankruptcy. You will still go through the court system and must prove to the court that you are unable to pay the taxes. This process takes longer than if you were to file for bankruptcy. You will also have to hire an attorney for this process. However, your tax expert may be able to negotiate with the IRS a resolution that allows you to pay a lower total amount due.
Another thing to keep in mind is that most people who are struggling with unpaid payroll taxes are not really sure what to do. They may be scared by the prospect of going to court and receiving a big tax judgment. It is a frightening thought to some but it doesn't have to be. There is help available that may make settling your tax debt a little bit easier. Continue to this site and get the best tax services in cincinnati.
You can seek tax relief from the Internal Revenue Service, or the government can also settle the tax debt for you. In some cases, the Internal Revenue Service will work with the individual taxpayer to come up with an agreement, in other cases an attorney may be contacted to mediate the problem. There is really no sure way to predict how your case will turn out, but you should know that at the very least you don't have to face tax jail if you can't pay your back taxes. If you do owe back taxes, the best course of action is to speak with a tax specialist, file a claim for tax relief, and then proceed from there.
The first step is to talk with a tax specialist to discuss your options. The next step is to begin the process of settling the back taxes by talking to the IRS. Remember that if you have not been paying social security taxes, income taxes, or Federal taxes, you are a good candidate for tax debt resolution. If you are behind on your taxes for more than two years, you might want to consider an IRS settlement plan. An experienced tax professional can help you determine whether you qualify for the option best suited for your particular circumstances, based on your past tax history, income, financial resources, etc. Discover more here https://en.wikipedia.org/wiki/Taxation_in_the_United_States about taxation in the USA.