Dayes Law Firm
N/a © Dayes Law Firm. 2025 | All rights reserved.
The Internal Revenue Service (IRS) reports that Americans owe more than $668 billion in unpaid taxes, penalties, and interest on their debt. You are not alone if you are a delinquent taxpayer, but being part of this large group does not protect you. If you do not address the debt for yourself or your business, the problem will remain. It is best to act soon.
If you have filed your tax return but have not paid what you owe, or you have failed to file in the first place, the matter is more urgent and may require a tax resolution attorney’s help. A Phoenix overdue and unpaid tax lawyer could help you resolve your debt and ease your stress. Please call us now to learn how we can assist.
The IRS is more willing to work with you if you have filed a return but have not immediately paid what is owed. They will send you a letter informing you of your balance due.
If you file a tax return but fail to pay the taxes due, the penalty is 0.5 percent of what you owe for each month or partial month the tax remains unpaid, up to 25 percent of your unpaid tax. You owe the same penalty if you do not file your tax return. However, the IRS can reduce the failure-to-file penalty by the amount of the failure-to-pay penalty if you receive both notices in the same month.
If you are an independent contractor and fail to pay your estimated taxes or underestimate them and pay less than 90 percent, you could be penalized, depending on whether you owe less or more than $1,000.
We understand how disconcerting it is to communicate with the IRS, especially if you do not have the funds to settle the debt. If you engage one of our Phoenix attorneys because you have not filed taxes, we could handle your communications with the IRS, offering you some peace during the process.
Once you receive the IRS demand letter, your attorney could negotiate a repayment plan or determine if you are eligible for Currently Not Collectible status. This status acknowledges that you cannot pay both your basic living expenses and the IRS debt at the same time. You will still owe the debt, interest, and penalties if you receive this status, but this may relieve some of the pressure.
You may also be eligible for an offer in compromise, which means you make an offer to pay a lump sum that is less than you owe, but you agree to pay your owed taxes in the future. If the IRS accepts, they could discharge the remainder of the current debt. When your debt is late and/or unsettled, our Phoenix attorneys could negotiate with the IRS for a suitable solution. Call now to learn how we could help you.
If you owe more than $10,000, the IRS could place liens on your property and confiscate assets by requiring your employer to garnish your wages or by seizing your bank accounts. Although it is rare, you could serve prison time for tax fraud or evasion. It is important to contact an experienced Phoenix attorney to represent you and resolve your overdue and unpaid taxes.
If you owe and do not have the funds to pay your tax debt when you file your return, stress begins to mount. If you fail to file because you are not sure what to do, that will complicate the situation.
Dayes Law Firm could help. We may request a solution with the IRS so you can address the concern and move forward with confidence. Call a Phoenix overdue and unpaid tax lawyer today to begin resolving your IRS issues.
Dayes Law Firm
N/a © Dayes Law Firm. 2025 | All rights reserved.