Over 750 Million Tax Liability Removed from Our Clients
Back Taxes Don't Go Away LifeBack Tax
Owing taxes to the IRS can be a scary thought, and you may be tempted to simply put them out of mind. Unfortunately, ignoring back taxes won't make the IRS go away, and your tax debt will continue to balloon with penalties and interest as time goes on. The longer your taxes go unpaid, the more you'll owe in the end.
The IRS doesn't simply give up if you ignore them. They will continue to hound you with notice after notice until you pay, or it forcibly collects what you owe. They can publicly file a tax lien on your property that hurts your chances of obtaining a mortgage or other loan. The IRS may even resort to taking your car and other belongings, your wages, or your bank account.
Here's what you may be wondering: Do back taxes eventually disappear if you ignore them long enough? Officially, there's a statute of limitations that prevents the IRS from demanding collection of back taxes for longer than 10 years. However, this 10-year rule doesn't actually kick in until a return is filed and the IRS assesses your tax liability. This means that if you never file a tax return, then your back taxes never go away, as the IRS has no time limit and can audit you for unpaid taxes as far back as it wants.
If you're not able to pay your taxes, the best way to deal with back taxes is to continue filing on time and make arrangements with the IRS. That's where we come in. Having a tax professional at your side can make dealing with the IRS infinitely easier than trying to contact with them alone. Here at LifeBack Tax Relief, we help taxpayers like yourself in their fight against the IRS. We can put a stop to wage garnishments and bank levies, and will find the right tax solution for your needs.
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