Landmark Tax Group

Back Taxes Relief in Santa Ana


What to Know About Back Taxes

If you owe back taxes to the IRS or Franchise Tax Board, swift action is crucial to prevent your property from being seized or levied. The taxing authorities have numerous ways to collect the unpaid federal and state taxes. Some common ways of collecting your tax liability can include: wage garnishments, bank levies, tax liens, and seizure of your vehicle or residence.

What options are available to resolve my back taxes?

Whether your tax liability is a result of past due income tax or payroll tax, there are multiple options available to address your back taxes. Taxpayers with unpaid taxes may qualify for a payment plan that will allow the liability to be paid in full over time. Installment agreements permit a taxpayer to make monthly payments based on their ability to pay while allowing them to stay in compliance with tax requirements for the current year. Certain individual and business taxpayers may qualify for an offer-in-compromise, or tax settlement, whereby the IRS agrees to a settle a tax debt for less than the total amount owed.  Taxpayers that owe back taxes and do not qualify for a tax settlement or payment plan, may have their case placed in uncollectible status in situations where the IRS determines a taxpayer to be in financial hardship. If your case is placed in not-collectible status, penalties and interest continue to accrue and a follow up by the IRS can occur at any time.

How long does the IRS have to collect the back taxes that I owe?

The IRS usually has ten (10) years from the assessment date to collect the unpaid tax debt. The last day the IRS has to collect your back taxes is officially known as the Collection Statute Expiration Date, or CSED. Every tax period with a balance due has its own CSED. Under certain situations, such as an IRS appeal or submission of an offer-in-compromise, the expiration date is automatically extended.

See: 11 Tips for Taxpayer Who Owe Money to the IRS

If you need help with back taxes in Santa Ana, contact us today at 1-714-382-6780 for a free, private consultation with experienced Santa Ana CPAs, enrolled agents, and tax attorneys.

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