Solutions to the 5 Most Common Tax Problems People Face Today

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Solutions To The 5 Most Common Tax Problems
People Face Today

• All those people, whose income come under tax
  liability, file and pay their taxes every year.
  There are several occasions when you face
  unexpected issues that prevent you from being
  complainant with the IRS and file taxes. Have a
  look at top 5 key issues explained here below

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1. Unfiled Taxes

• If you don't file your tax on the right time, it
  incurs expensive fines and penalties. You may be
  put behind bars as well.
• Solution file your tax returns on time and a
  payment arrangement (installment payment) from
  the IRS.

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2. Inability To Pay The Tax Off

• If you avoid filing your returns because of your
  inability to pay the tax in full, it increases
  your tax liability.
• Solution Hire Tax Law firms in India and be
  eligible for settlement programs methods, such as
  CNC, or Currently Not Collectible status, OIC or
  Offer in Compromise, installment agreement, etc.

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3. Interest Penalties

• Penalties and interest increase your financial
  burden and kill your precious time.
• Solution You should ask for a penalty abatement
  from the IRS.

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4. Penalties Against False Claims

• IRS can impose penalties against all those
  taxpayers who make baseless arguments to save tax
  amounts. It causes a delay in Tax collection.
• Solution Consult Tax Law firms in India to
  determine your actual tax liability.

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5. Tax Deductions Claim for Charity

• IRS may deny the claim of the tax deduction for
  charitable work.
• Solution Just hire a Corporate Lawyer to prove
  your point. You may get relief.

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