South Dakota
Tax Relief Professionals

Act Quickly When You Owe Back Taxes

When you owe back taxes in South Dakota, it’s important to act quickly to resolve the issue so that you are not left dealing with repercussions that can occur. The IRS can take out a wage garnishment to get the money that you owe. While the amount will not be huge, it will still impact your monthly finances. They can also take out a tax lien on your property that reduces the amount of money you will get if you ever sell your home; the IRS will get their money one way or the other.

Discuss the Situation with an IRS Representative

It’s important to take the time to talk to an IRS representative directly to find out about your particular situation. He or she can let you know why you owe back taxes. If you didn’t file at all, you have to take responsibility for your failure to file.

If you allowed someone, such as your spouse, to file on your behalf and they made a mistake, talk to the representative to see if you can file for innocent spouse relief, which can you relieve you of some or all the money that you owe.

Reach an Arrangement for Payment of the Taxes

Talk to an agent about reaching a payment solution; they may be able to develop a payment plan for you. If you can’t afford to make payments, ask if you can make one large payment toward the taxes and have the rest forgiven. This is called an offer in compromise and can be a great way to tackle a large amount of debt quickly. If you need to pay off the debt in full, consider filing for an SD tax relief programs. Getting tax relief is a lot easier than you may think.