Do I need professional assistance for my back tax liability?

It depends.

 

If you have the ability to immediately pay the tax liability in full, the liability is accurate, and you don’t have any extenuating circumstances which caused you to fall behind, it might make sense just to pay the debt off.  If you are unable to pay the debt off quickly, you feel like you had extenuating circumstances or you believe the liability to be inaccurate, you should seek advice from a professional who is experienced in resolving back taxes.

 

In many cases, an experienced tax pro can reduce the amount taxpayers will have to repay and/or help them avoid nasty consequences such as wage levies, bank levies, and the seizure of assets.  To get a better feel for whether you need a tax pro, we recommend this short video on The IRS River.

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About Stephen K. Galgoczy, Esq.