Helping With Back Taxes

Owing money to the IRS can be more than daunting, especially when your taxes are overdue. If your tax debt is stating to become overwhelming, contact Dynamic Tax Services for help, Our Tax Professionals provides the solutions you need to help get your taxes back on track. 

Would You Like To Specifically What Back Taxes Are?

Back taxes are taxes due for a prior tax year that have gone partially or fully unpaid. You can have back taxes on the federal and state levels.

Please note that back taxes accumulate penalties and interest. If you do not file a tax return, the penalty is 0.5% of the amount due. You will be charged this penalty every month until your tax debt is fully paid or the penalty reaches 25% of the tax owed. The IRS also charges interest on the unpaid amount. This interest rate changes quarterly. 

If your back taxes remain unpaid, you could face serious legal consequences. The IRS may go as far as garnishing your wages or seizing assets and property using tax liens and levies. 

 

TAX LIEN 

A tax lien puts your assets at risk. To avoid the costly consequences of tax lien, turn to Dynamic Tax Services. We provide tax debt solutions for taxpayers throughout the United States. 

What is a Tax Lien?

A tax lien is a legal claim placed on a person's assets, such as a home, car or bank account, which is due to their unpaid tax debt. If the person does not attempt to repay their debt, the government may seize and sell their assets. What's more, a lien is a public document, which means anyone can check to see if there is a lien on your home. As a result, a tax lien makes buying or selling a property very difficult.  

The federal or state government can put a lien on a property. A federal tax lien takes precedence over all other creditors' claims. If the IRS intents to put a tax lien on your assets, they will send you a Notice of Federal Tax Lien. Once you receive this notice, you can take several actions to stop the lien.

To discuss your situation, please call us at (386) 248.5467 or complete the form below.  

How To Stop A Tax Lien?

To stop a tax lien, you must pay the back taxes you owe or reach a settlement with the IRS. At Dynamic Tax Services, we help you deal with your tax liability when full repayment is not possible. Depending on your tax situation, we may recommend one of several approaches:

*ENROLL IN A PAYMENT PLAN

The IRS offers payment agreement plans to assist you pay off your tax debt. You can choose from a short-term plan, which gives  you 180 days to pay your debt, or a long-term plan, which allows you to pay your tax debt in monthly increments. If you enroll in a installment agreement payment plan, the IRS will consider releasing the lien. 

Contact Us For Tax Lien Help 

Dynamic Tax Services is your trusted source for tax lien assistance. Our team of professionals has the expertise to help you find the best solutions to your tax problems. Reach out to us today by phone at (386) 248.5467 or the form below, to learn more about our tax resolution services.