What Are Back Taxes?

In the world of taxes, terminology can be confusing. Words like wage garnishment, tax liens, and levies are common, but what do they actually mean for you as a taxpayer? One of the most important terms to understand is back taxes.

Back taxes refer to taxes that were not fully paid when they were due. This can happen unintentionally, such as when mistakes are made on your tax returns, or intentionally, like when taxes are evaded or income is underreported. Regardless of how back taxes arise, the IRS almost always finds out, and they have 10 years to collect the unpaid amount.

If you've fallen behind on taxes, you're not alone. Back taxes can negatively affect your credit score, limit your ability to make significant purchases (like a house or car), and, in the worst case, result in wage garnishments or property seizures.

The Growing Burden of Back Taxes

The longer you wait to address back taxes, the larger your debt becomes due to interest and penalties. This can make it seem impossible to climb out of the hole. However, relief is possible, and there are ways to resolve the issue without overwhelming stress or financial ruin.

How to Resolve Back Taxes

Dealing with the IRS on your own can be difficult, and navigating the bureaucratic system often leads to costly mistakes. While it is possible to set up a payment plan with the IRS, it can be time-consuming, confusing, and sometimes, taxpayers are unknowingly led into situations where they pay more than they should.

A more effective way to resolve back taxes is by partnering with a qualified tax relief agency. These agencies know how to work with the IRS, ensuring that your payment plan is reasonable, and helping you fight back against tax-related actions like liens, levies, and garnishments. With their help, you can regain your financial freedom.

How Tactical Tax Group Can Help You

You don't have to handle your back tax situation alone. Tactical Tax Group offers a free survey to determine if you qualify for professional tax relief services. We can connect you with a qualified agency that specializes in resolving tax issues. With the right help, you can move toward financial freedom and put your back tax worries behind you.

Ready for a Fresh Start?

At Tactical Tax Group, we make it easy to get started. Our simple survey will help you determine if you qualify for professional tax relief, and we can connect you with the top tax relief firms across the country. Don’t wait to take the first step toward resolving your back taxes!