When you find out that you owe back taxes to the IRS, you need to take care of them as quickly as you can. If you neglect to pay the back taxes, the IRS can seize a portion of your North Carolina earnings through wage garnishment. You will still get a portion of your check, but not as much of it as you normally do.
The IRS can also issue a tax lien on any property that you own. When you sell it, the IRS can seize a portion of the profits to use to pay off the back taxes that you owe.
If you contact the IRS and talk to them about your situation, they will work with you to achieve a payment arrangement that works for you. You could also try to make an offer in compromise to allow you to pay a lump sum toward the taxes so that they are forgiven from your record.
You may also be able to work with tax relief programs in North Carolina to help you find ways to lessen the amount you owe. There are some incentives that will provide struggling families with financial support.
It’s important to realize that just because you are sent notification in North Carolina that you owe a certain amount of money, that doesn’t necessarily mean that you will have to pay that amount.
There are times when mistakes are made with tax filing through no fault of your own. If you allowed a spouse to file taxes for you and they made a mistake, the IRS may be able to provide you with innocent spouse relief so that you do not have to pay a portion or all of the back taxes.
