Two Pressing Tax Questions You May Need Addressed

Tax season is often one of the most stressful times of year for many people. If you are expecting a refund, it is important to ensure you get the most possible, and those owing money want to avoid overpaying the government. Luckily, there are tax services that can help you navigate the confusing tax codes. However, if you have never used these tax services before, there are likely at least a couple of questions that you need addressed.

What Type Of Audit Protection Do Tax Services Offer?

Being audited by the government can be one of the most frightening experiences you can go through. In addition to saddling you with a substantial amount of tax debts, these audits can also be extremely disruptive and lengthy processes. Fortunately, there are many tax services that offer their clients some form of audit protection.

When you have audit protection, your tax service will work with you to ensure that you are well-prepared for this process. In fact, some of these services will even provide you with an attorney to help ensure that your rights are protected during these proceedings. Due to this, you should carefully consider the audit protections offered before you agree to use a particular service.

What If You Cannot Pay Your Tax Bill?

For those owing taxes, getting the money together to pay this bill can seem like an almost impossible task. This is especially true for those that have experienced sudden hardships or major expenses leading up to the filing deadline. Fortunately, the government will create a payment plan to help you pay back your taxes without unduly burdening you.

However, it should be noted that there can be dire consequences for failing to make your payments to the government. In addition to wage garnishment, there is a chance that you could be held in contempt of court, and this can result in jail time. Luckily, these problems can be avoided by making these payments long before the tax deadline arrives. While a payment plan may not be your desired goal, it should be noted that your taxes may be included on your public credit report, and this may make it an excellent way of starting the process of building your credit history.

Preparing your taxes can seem like a never-ending chore, and this is especially true if you have a limited understanding about this process. However, knowing these routine questions and answers, should make it easier for you to make it through tax season with minimal problems. Contact a company like RJ. Garner CPA & Associates, PLC for more information.


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