A few months before April every year come reminders to prepare for the deadline for filing tax returns. The heads up is intended to prevent errors and their corresponding penalties from the IRS. An individual’s situation, tax dues, and exemptions can also change from time to time, so people are advised to either find resources to help them understand what they need to do or to seek help from their financial adviser.
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Despite all the reminders, however, some people still neglect to file and pay their tax dues. There have been cases where individuals have been negligent for so long that they end up paying a large sum in accumulated penalties and interest. This problem would have otherwise been avoided if they had simply sought competent tax representation.
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Still, individuals who have been contacted by the IRS or the Department of Taxation for matters concerning their taxes still have some avenues for relief. Instead of immediately agreeing to the stiff payment plans offered by the IRS, they can still seek the support of tax representatives and negotiators who can argue on their behalf to make their tax dues more manageable.
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Wall and Associates Inc. is a leading professional tax representation and negotiation firm which helps people solve both federal and state tax problems. For more information about the company’s services, visit www.wallandassociates.net.