If you owe money to the IRS, the agency that mainly focuses on “the collection of individual income taxes, together with employment taxes,” we have some helpful tips that can help you get out of the woods and save yourself! But before that, you can go to our Prestige Auditors website and read one of our articles about the IRS, to be equipped with enough knowledge about this vital tax figure.

What can we say? It happens! But don’t worry, it’s not a sign of being irresponsible or careless. In other words, it’s not a sign at all! To help you get out of this bad situation, our specialists at Prestige Auditors have devised special tips that will help you in case you get a letter from the IRS itself; trust us, it’s important!

By the way, if you’re tired of documentations and federal agencies, and need consultation regarding business formation, ITIN acquisition or even tax exemption, we will be happy to help you out; give us a call, we’re waiting to extend a hand!

  1. Don’t Be Afraid of The Letter

Don’t panic, the letter won’t bite you. Well, its subject may, but what if it’s a tiny and insignificant issue that you can fix in one or two days? So, put on a brave face, and open the letter. Read it carefully and pay attention to the deadlines; if you miss the bus, the bus will hit you!

  1. Before Doing Anything, Make Sure You Know Everything!

The IRS has done everything to make sure taxpayers know their rights, what they can do, and when they can do it. For example, taxpayers should know that they “have the right to expect that any information they provide to the IRS will not be disclosed unless authorized by the taxpayer or by law.”


  1. Grab the Phone!

Sometimes, in waves of endless panic and despair, taxpayers don’t understand what the IRS wants. That’s why you, as a taxpayer, should call the IRS and understand the issue. But let’s make it clear; it won’t help you solve the case, because you’ll only understand the reason of them sending that letter. But, here’s good news! If you know the reason, you’re one step closer to enlightenment!


  1. Check the Letter, It May Have Slip-Ups

Believe it or not, you receive IRS letters from real people, and not random software or robots! That’s why you should realize that human errors are more than possible, even if we’re talking about the Internal Revenue Service, a federal agency of the United States! That’s why we advise you to verify the information in the letter; maybe you owe less than it is mentioned, who knows?

  1. Estimate Your Abilities

Look at your finances, weigh up your abilities and understand whether you’re able to pay or not. If you can’t pay, don’t leave t like that; there’s always other way. The IRS gives the opportunity to make installment payments. It is a payment plan which is “an agreement with the IRS to pay the taxes you owe within an extended timeframe. You should request a payment plan if you believe you will be able to pay your taxes in full within the extended time frame.”

There’s always a solution even to the worst problems you have ever faced. If you keep your mind relaxed and peaceful, you’ll fix everything that you meet on your way. And remember, if you’re fed up dealing with taxes and endless documents on your end, we can always help you with that. Just give us a call and we’ll not only simplify everything for your convenience, but also create a business for you with a powerful boost to boot!