One of my new clients gave me a call last week to talk about his tax debt. As he described his struggles, he expressed something that really resonated with me.
“I have years of unfiled tax returns,” he said. “But I’m not receiving anything from the IRS. There’s just a black cloud hanging over me, and I don’t know what to do.”
As difficult as these situations can be, I’ve unfortunately had thousands of conversations with clients describing the exact same feeling. The black cloud. Tax debt has a way of looming over everything — just seeing the letters “IRS” in the top corner of an envelope can be absolutely overwhelming.
But perhaps worst of all is the uncertainty. What does this IRS Notice mean? How much do I really owe? When are my payments due? Where do I even start?
COVID-19 hasn’t made it any easier to see through the fog. Since the start of the pandemic, the IRS has experienced major customer service issues. It’s been nearly impossible this year for taxpayers to reach the IRS via phone. So any questions you’ve had for the IRS have likely gone unanswered.
In these times of struggle, the IRS will put you on hold. But at Boxelder, you can always get a licensed professional on the phone, ready to answer your questions and concerns.
Seeing Through the “Black Cloud” to Resolution
It’s hard to tackle IRS debt by yourself. Calling a licensed professional for advice is any easy first step toward resolution and peace of mind.
We can help you decode your IRS Notices, understand your liability, and make a plan for resolution. I can’t tell you how many clients have said that after our free tax consultation, they felt a weight lifted from their shoulders.
Tax debt is not the end of your story. At Boxelder, we believe in second chances. Give us a call today, and take the first step toward lifting that black cloud!
In the meantime, feel free to check out some of our free tax resources, including our Guide to IRS Notices.
Download Our Free Guide to IRS Notices
Since the IRS hasn’t been able to consistently answer the phone this past year, many taxpayers have struggled to make sense of their IRS mail notifications.
The IRS sends out many different types of letters to taxpayers. Some are urgent messages, others are not. Common IRS Notices include:
- CP501/CP502 – Past due balance
- CP71C – Reminder of past due balance
- CP503 – Reminder to pay past balance
- CP504 – Final notice to pay tax debt
- Letter 1058 – Final notice of intent to levy
- Letter 3172 – Alerts taxpayer about asset seizure efforts
Many types of IRS Notices have short deadlines to respond, so if you don’t understand your notice, it’s critical that you figure out what it means.
That’s why we’ve created a Complete Guide to IRS Notifications. And if you have any questions, give us a call at 303-317-6111.