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Owing Taxes for Tax year 2012 Will Default Your Payment Plan , But...

With 2013 upon us, tax returns for 2012 will begin to be processed after January 30th (due to fiscal cliff modifications). If you owe taxes for 2012 and are unable to pay them, it will DEFAULT any current payment agreement you have with the IRS.

The good news is that the DEFAULT might be a blessing in disguise as you might be a candidate NOW for an Offer in Compromise to settle your debt. Rule changes in 2012 make the Offer easier than ever to do: Offer in Compromise Rule Changes for 2012 At the bare minimum, you or a tax professional needs to make plans for the default and review your case to see how it should be resolved.

Is 2024 the year to solve your tax issue? WATAX is ready to assist you now. Please call us at 1-888-282-4697 or email us a description of your tax issue and we'll contact you promptly.

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