Delinquent Tax Services

Get Back on Track with ATX.TAX

Have you found yourself in a situation where you missed filing tax returns in prior years? If you have received payments or income reflected in "tax information returns" like 1099s, W-2s, K-1s, and 1099R taxable retirement benefits, it's only a matter of time before you receive a notice from the IRS. These IRS notices often arrive one to three years after the missed filing.

Many taxpayers each year face the same predicament – either not filing their returns on time or neglecting to file them altogether. At ATX.TAX, our team of experienced CPAs specializes in bringing taxpayers back into compliance.

Respond promptly to tax letters.

When it comes to dealing with the IRS, timely response is key. Ignoring tax letters can turn small problems into big ones and big problems into epic ones. The longer you ignore them, the more these problems can pile up, leading to potential consequences such as:

• Wage & Income garnishments: Failure to address your back taxes can result in the IRS garnishing your wages or other sources of income. This can have a significant impact on your financial well-being and make it challenging to meet your day-to-day expenses.

• Bank account seizure and loss of access to the US banking system: The IRS has the power to seize funds from your bank accounts if back taxes are left unresolved. This can lead to a loss of access to the US banking system, making financial transactions and managing your finances extremely difficult.

• Liens on homes, businesses, and other property: Unresolved back taxes can result in the IRS placing liens on your property, including homes, businesses, and other assets. These liens can complicate matters when trying to sell or refinance your property.

• Third-party collection calls: Ignoring back taxes can lead to relentless collection calls from third-party collection agencies working on behalf of the IRS. These calls can be stressful and intrusive, causing unnecessary anxiety and disruption in your life.

• Denial of tax refunds: If you're entitled to tax refunds, the IRS can deny them until your back taxes are resolved. This can further exacerbate your financial situation, preventing you from receiving the refunds you are owed.

• Reduced Social Security benefits: Failure to address back taxes can potentially lead to a reduction in your Social Security benefits. This can have long-term implications on your retirement income and financial security.

If you have received letters from the IRS or your state tax department regarding your income taxes, it's crucial to take action promptly. Ignoring the issue will only make matters worse. By reaching out to ATX.TAX, we can work together to fix the problem with our back tax services in Austin, and bring you back into compliance.

Our team of experienced CPAs is here to provide professional back tax services tailored to your specific needs. We understand the complexities of the tax system and the potential challenges you are facing. With our expertise and guidance, we can navigate through the process, find the best resolution for your back taxes, and help you regain financial peace of mind.

Reach out to ATX.TAX today to get started: