Common Tax Issues and How You Can Fix or Prevent Them

by | Jul 25, 2019 | Tax Services

Every individual or business who earns money annually must prepare and submit tax returns or reports. This documentation has to indicate how much money the Internal Revenue Service requested in the form of taxes or how much they are entitled to in the form of a refund. Many Americans seek the assistance of professionals in tax preparation near Atlanta, GA, to make sure they do not mess up their tax returns – they are serious business. Here are some of the most common tax problems that Americans face and how to fix them.

Failing to File Your Return on Time

Every year, the Internal Revenue Service starts processing tax returns in the middle of January. Unless the date falls on a weekend or a federal holiday, all tax returns are due by April 15 of that year. Since you should know the dates on which each year’s tax return season begins and ends, the IRS has little mercy for people who fail to file on time. As such, you should start preparing each year’s tax return as soon as possible.

Not Being Able to Pay the Amount of Taxes You Owe

This issue is not nearly as serious as failing to pay your taxes on time. Fortunately, the Internal Revenue Service routinely works with people who unable to pay their taxes in full. One of these solutions designed specifically to help taxpayers who are in over their heads is called the Fresh Start Program. Any trained professional in tax preparation near Atlanta, GA, can help you apply for it.

Having Your Paychecks Garnished or Bank Accounts Levied

Rather than having the freedom to pay the IRS for taxes you owe, the government agency sometimes forcefully takes money from people’s bank accounts and paychecks. You can prevent this by adhering to the payment plans set out by the IRS. If you demonstrate that you are trying, you will be in good shape.

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