Back Taxes
If someone owes the IRS federal taxes in the amount of $50,000-$60,000 from failing to file (business, etc), what is the best course of action for him to take in order to come clean with the IRS and avoid jail time? Is this even possible?
Asked on 4/22/02, 11:39 pm
2 Answers from Attorneys
Karen Spigler
Law Firm of Karen Spigler, LLC
Re: Back Taxes
The best course of action is a proactive one. File the delinquent returns as soon as possible to get an assessment of what is owed. Depending on what tax is owed, you may be able to do an offer in compromise or, at the very least, structure a payment schedule. The IRS is a creditor, just like any other creditor who wants to be paid.
Answered on 4/23/02, 12:27 am
Joel Selik
www.SelikLaw.com
Re: Back Taxes
Hire a tax professional
We can give a free consultation
www.taxworkout.com
Joel Selik
800-894-2889
Answered on 4/23/02, 12:49 am
