What Happens When You Have Unpaid Back Taxes

If you know that you have unfiled back taxes and the gov’t hasn’t contacted you yet, The best way to head off any actions from arising is to become proactive and take the iniative, Contacting the IRS is up to the taxpayers discretion. If the Tax debt is very old, the statute of limitations may have already expired. When a business has payroll tax problems the IRS see’s this as the cardnial sin of all tax problems. The problem is that you have collected taxes from your employees to hold in trust for the federal goverment, but you misapprpriated those funds for another use. Now a field agent comes to your home or place of business, and the only thing he wants is there money, what are you going to do?