Paying back taxes should be a routine as paying your electric bill, but like many Americans taxes it is not paid until several notices are sent and the threat of a "Notice of Intent to Levy" Is issued. Once most taxpayers receive there final notice, execution to pay as placed in high gear. To avoid all the downsides of dealing with the IRS taxpayers should pay there taxes on time and have all supporting documents if necessary.
Taxpayers should look to have there penalties and interest removed when they have endured any and all hardships that would have prevented them from making their timely payment to the IRS. All that is need is the proper explanation filed on the proper form and the IRS will waive all penalties and interest granted that the explanation actually impacted the taxpayers ability to file or make there agreed upon payment to the IRS.
When its time to settle back taxes there are many options available to the taxpayer. Which option to Engage the settlement of back taxes depends entirely on each individual situation. From being declared "currently uncollectible" to Negotiating a payment plan with the IRS, one thing is for sure there will be a final resolution when dealing with the IRS.