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The Growing Issues Of Back Taxes

Author : Jessica Moorhill


For the IRS employee the collection of back taxes is their primary duty. This is the case because of the ever-growing number of tax payers that are falling behind on their tax obligations every single year. Unfortunately many of these tax payers classify the mountain of Back Taxes that they are facing as insurmountable odds and think that ignoring it is the only option that they have. Therefore back taxes have begun to plague more and more tax payers as the year's progress. There are also a few other reasons people end up owing Uncle Sam tons in back taxes and they are as follows: once income taxes are tallied up the taxpayer cannot pay what is owed or a tax payer enters an unrealistic payment arrangement that they cannot afford and they go into default. In addition to the previous reasons that tax payer gets behind on their taxes there are also the tax payers that have paid the full amount owed to The IRS, but have for one reason or another have neglected to report the full amount of their accountable income. The IRS is more than aware of this common occurrence and does offer a bit of leniency to those that fall victim to this type of error, but it also subjects those that have been found to continuously make such errors to even closer scrutiny. If a person is found using such errors as a diversion tactic stricter penalties than the original ones are applied. The last reason tax payers get into tax trouble is because they do not file at all. This is by far one of the most common reasons people land in tax trouble. If you find yourself in any of the above situations it is highly advised that you get yourself a good Tax Attorney to handle these matters for you.


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I hope this information on Back Taxes has been useful. Please visit http://www.101taxstrategies.com if you would like more information.

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Tags:   back taxes

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Submitted : 2011-03-18    Word Count : 870    Times Viewed: 220