Back Taxes Owed

Guidance from El Cid Bookkeeping, Inc. Accountancy and Taxation Services!

Every year, many Americans are given tax refunds by the Internal Revenue Service (IRS). Some people, however, owe money to the IRS but cannot pay the taxes all at once. Many people think that they can catch up eventually but are wrong. It is this misconception that causes frightening problems.

Unfortunately, life brings unexpected events such as medical problems, costly repairs, legal expenses, or job terminations. When life’s unexpected twists and turns cause financial problems for you and your family, you could suddenly find yourself wading in several years’ worth of outstanding tax debts, sometimes even three to four times the amount that you were originally responsible for paying. You can only tread water for so long, and before you know it, your back taxes could cause you to sink underwater.

This scenario is all too common, and many individuals find themselves trying to paddle against the overpowering current of debt. If you are struggling with debt due to back taxes that you owe to the IRS, do not worry any more. As a Enrolled Agent, I can gladly offer the peace of mind that you deserve!

Need to resolve unpaid taxes? You have options!

It’s truly unbelievable how fast penalties and interest can add up on back owed taxes. You have a choice: You can either pay the full amount that you owe, including interest and penalties, or you can just keep ignoring the IRS notifications. As time passes, however, more interest and more penalties will continue to build on top of your unresolved debts. Leaving taxes unpaid could create disastrous consequences.

Failing to pay back taxes could cause the IRS to issue an IRS lien, which allows the IRS to place a claim on your personal assets – including your home – as a security for your tax debts. Should you continue to ignore notifications from the IRS, the IRS may seize your property and sell it to square off the debt that you owe. Unfortunately, IRS seizures often come as a surprise and can leave unprepared taxpayers without a home, a car, or money.

Contact El Cid Bookkeeping, Inc. Accountancy and Taxation Services

Luckily, when you consult with George Padilla, your fresh start could be right around the corner! When you call our office (818) 841-0255, we can go over several options for resolving your unpaid taxes. Depending on your situation, you could be eligible for several tax relief programs, such as an offer in compromise, currently not collectible, an IRS payment plan, or even innocent spouse relief. There are many options available, and we are  committed to determining which solution can render the best result while allowing you to pay the least tax possible!

We have over 55 years (combined), of experience in federal and state taxation, and can use my extensive knowledge of finance, business, and accounting to your benefit. I know that things seem hopeless at the moment, however; when you reach out our office, you can rest assured that we will work hard to find a solution to your problems that can provide long-lasting peace of mind and financial relief.

I personally handle every case that comes through my office doors and would gladly set time aside to discuss your financial goals or needs. I could be the help you need after dealing with IRS problems or tax debt.

Contact George Padilla EA to schedule your free case evaluation.