October 22, 2013 by Jay Freeborne

It's that time of the year. You filed 2012 taxes at the October 15th deadline and you owe a chunk of money. Or come to think of it, you haven't even paid enough into 2013?! You are in an installment agreement on older taxes and you worry that you will default your agreement. Well you probably will! But don't despair - this is the best time of year to be in this predicament!

Here at Washington Tax -- it's the time of year where we try to get our IRS cases with 2012/2013 balances due to push into 2014. That is when we try to time our "resolution" to include unpaid taxes for 2012 and even 2013 if they aren't paid. What does it come down to? Good timing.

Your licensed tax professional will need to orchestrate and measure where you currently stand with the IRS and figure out the best timing when to submit an Offer in Compromise or some other form of resolution to resolve your back taxes. One thing is for sure:  if you owe taxes for 2013 - be sure to get your books together and organized so you can file your 2013 tax return - as soon as you can in 2014!  Furthermore, it might also be a good time to figure out:  how can we/I be current on our taxes in 2014?  What new practices are you going to have to put in place? As 2014 is NOT a year that can owe!  Time to create new habits in that regard.

Owe for 2012? How about 2013 or 2014? Call our tax problem experts NOW at 1-888-282-4697 and we'll help you strategize how to best play your IRS hand! Staff of watax.com

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