Tax penalties and interest add up fast. If you file a return with a balance due two years or longer after the original filing due date (including extensions), the applicable penalties and interest can be as much as 40% of the tax! Not being able to full pay the taxes owed is the number 1 reason given by most taxpayers for not filing their tax returns on time. Ironically, failure to file your return by the due date (original or extended) triggers a 25% penalty, while the penalty for paying late is only one-half of a percent (0.5%). The false belief that you are better off not filing a return until you can full pay your taxes, perpetuates a repititious cycle of non-filing. Before you know it you are several years in arrears, and owe thousands of dollars in penalties and interest on top of the unpaid tax. Once the IRS notices start, and the collection actions escalate with threats of levies and tax liens, you are overwhelmed and unsure if your tax problems can ever be fixed. Fortunately, we specialize in resolving back taxes, including preparing prior non-filed tax returns (up to 6 years in most cases), penalty abatement, and negotiating offer in compromise agreements to settle your balance for less than the full amount owed. . Let Harris Tax and Financial Solutions represent you before the IRS and handle all the direct negotiations to abate eligible penalties and interest, stop levy actions, and secure a payment alternative that delivers the fresh start that you deserve. Contact Us Today for assistance at (310) 242-6420 or complete the form below to request a FREE Consultation. |