2008 Tax Season Draws to a Close

During a time of year when most IRS tax firms enter a quiet period of recovery after the frenzied tax season, at Tax Masters our day continues like normal. Most of our tax representation work actually occurs after April 15th. If you have an IRS tax debt or have serious tax problems, we stand ready to help you.

If You Did Not File, Act Now to Resolve the Problem

The first group of callers we see at this time of year tends to be made up largely of taxpayers who did not file their tax return or an extension. Because it’s after April 15, there are penalties and interest that will be assessed if you did not meet the filing deadline, but you should act now to correct this mistake before it becomes a more serious problem. Because of the current financial situation, many taxpayers may not be able to pay what they owe in full. Don’t let that be an excuse for not filing. It’s not illegal to owe the IRS, but it is illegal to refuse to file.

File Your Past-Due Tax Returns Now

Filing past-due tax returns is not particularly difficult if you know what you are doing and have good IRS tax representation. And if there is a tax debt associated with an unfiled return, it becomes more critical that you seek help in making sure you complete the process effectively, taking advantage of all deductions you have coming your way.

If You Filed an Extension, You Still Owe the Money

Also remember that filing an extension does not mean you are excused from paying what you owe. Interest accrues and does not stop accruing until you pay your tax liability in full or reach a settlement if you cannot pay.

Avoid Future Tax Problems

We work hard at Tax Masters not just in solving immediate tax problems, but in helping taxpayers understand how to avoid actions that can lead to additional tax problems in the future.  Tax representation to many firms is just about processing the payment, performing the service, and sending the taxpayer on his or her way. At Tax Masters, we want to help our clients get out and stay out of trouble with the IRS. If you have an IRS tax problem, give us a call today and talk it over with us at (866) 694-4018.

Until you need us,

Patrick Cox Tax Masters