Frequently Asked Questions (FAQ's)


Should I still file my return even if I cannot pay my taxes?

Of course you should! The penalties associated with not filing a tax return are much worse than the penalties for not paying at all. The IRS will already have your employer's information on record before the filing deadline, therefore, they can begin adding penalties once the tax filing due date has passed.

What are my options if I can't pay my taxes in full?

Typically, the IRS is willing to set up an agreement for payment. Depending on your individual situation, you may be able to set up a installment agreement with an Offer In Compromise. Having a trusted tax professional, such as Tax Champions to negotiate on your behalf is the always the best option.

What are the penalties on unpaid taxes?

According to the the IRS, the penalty for filing late is normally 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. That penalty starts accruing the day after the tax filing due date and will not exceed 25 percent of your unpaid taxes.  If you do not pay your taxes by the tax deadline, you normally will face a failure-to-pay penalty of ½ of 1 percent of your unpaid taxes. That penalty applies for each month or part of a month after the due date and starts accruing the day after the tax-filing due date. (source: IRS.gov)

How do I find out if I have unpaid taxes?

If you have not received notice from the IRS in the form of an IRS letter, you can request an IRS transcript online.   If you do owe back taxes, it is best to contact a trusted tax professional that can obtain your tax transcripts and determine your up-to-date balance and begin the process of negotiating relief on your behalf. Tax Champions has been successfully negotiating back taxes for over 35 years. Contact us for your free consultation today. 1-800-518-8964


Do you currently owe back taxes? Call us today at 800-518-8964

Walter Wotman, CPA

Founder & Managing Partner

Walter Wotman, CPA is the author of "Tax Champions Guide to Tax Resolution." Amazon #1 Best Seller in the Personal Finance category. He is one of America's most experienced tax negotiators with over 35 years of experience helping thousands of clients settle difficult back tax issues.

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