For U.S. taxpayers who have fallen behind on tax payments due to neglect or refusal to pay, the IRS has the option to place a lien on your property.

While not as severe as a levy—where the IRS actually seizes your assets—a lien is still not something to take lightly. 

Bookkeeping is a necessary and inevitable part of running a business, but it’s not something you have to do yourself. Many small businesses decide to outsource the task to a professional. 

This post details outsourced bookkeeping services for small businesses and the benefits of delegating this task to a third party.

This IRS is not your friend. But—importantly—the IRS is not your enemy, either.

So if you find yourself owing money to the IRS and are unable to pay, it’s better to ask the IRS for help rather than avoiding or ignoring the fact that you must pay taxes. If you truly owe money to the IRS, you will have to pay—but you won’t necessarily have to pay the full amount if you’re able to take advantage of IRS programs designed to help qualifying taxpayers in first-time tax trouble.

You can do anything necessary to pay back the taxes you owe the IRS, but there are a lot of things to consider. The last thing you want to do when paying back the IRS is to end up with more than when you started.

If you find yourself in a situation where you need to pay back taxes to avoid a lien, but you don’t necessarily have the means, there are ways to go about it that can keep your head above water. You don’t have to go broke while paying back the IRS.

If you’ve received a letter from the IRS, don’t ignore it or toss it in the junk pile. You should read through it thoroughly, and fully understand what the letter entails before taking action, as you definitely will need to respond. There are a few reasons the IRS may send you a notice, and if you do receive one, call Tax Relief and they can help you respond appropriately, and within the required deadlines.

If you’ve succeeded in starting your own business, then you know that it comes with its twists and turns, triumphs and failures! One of the new challenges that come with owning a business is navigating tax season. Filing taxes for a small business, or your own business in general, becomes incredibly more complicated compared to what you may have been used to in the past. There are some very important things you can do to prepare for filing your taxes including getting started ahead of time, and calling the tax professionals at Tax Relief USA to help.