Unpaid Taxes in Georgia
Have you failed to file your taxes?
While electronic filings and payments have become increasingly popular
over the last few years, many people still neglect to file and pay their
taxes on time. If you have failed to file your taxes by the deadline and
owe taxes, you may be facing serious penalties and fines. The government
can penalize you for tax crimes and potentially impose a wage levy or
garnishment.
As soon as you miss the tax deadline, it is vital you contact an Atlanta
tax lawyer at Alex Simanovsky & Associates, LLC for assistance. Regardless
of why you missed filing your tax return, we can protect your interests
while helping you become compliant with filing requirements.
Schedule a
free case evaluation with us today.
What are the penalties for unpaid taxes?
If you file your tax return on time but do not pay the amount owed, you
will be billed for the remaining balance and receive a late payment penalty.
This penalty is based off one-half of one percent of the tax you owe per
month until it is paid in full or 25% of the maximum penalty is reached.
The one-half of one percent can increase to one percent if you do not pay
your taxes within 10 days after the IRS sends you a notice of intent to
levy. For those who owe taxes and don't file their return on time,
the failure to file penalty is usually five percent of the tax you owe
for each month.
Do Not Face the IRS Alone
If you can prove that you did not file your taxes on time and pay the amount
of tax owed due to a reasonable cause, the penalties may be abated. You
can send a letter to the IRS service center along with the bill or contact
the IRS directly. By paying the late payment as soon as possible, the
IRS may realize that your failure to pay the necessary amount was, in
fact, an error on your part and not willful neglect.
Please
call our firm today
if you have unpaid taxes and require assistance.