What You Need to Know About Back Taxes

What You Need to Know About Back Taxes

Got more questions? Ask an accountant in Alexandria, VA

If you fell behind in paying your taxes, you could be facing severe penalties, including fines or even jail time. Fortunately, you might qualify for tax relief. Just explain your situation to an accountant in Alexandria, Virginia. Clarke & Reilly, Inc. will help you find a solution.

Our accounting firm assists clients who owe back taxes to the IRS. In addition to explaining your tax relief options in detail, we can give you peace of mind by answering questions like these:

"What are the consequences of not paying my back taxes?" You could incur up to 25% in penalties, as well as lose your tax refund. Should you avoid multiple notices from the IRS, you could face automatic wage garnishment. That's why it's important to discuss your situation with an accountant as soon as possible.
"How do I file back tax returns?" Make sure you have all necessary documents (such as W-2 or 1099 forms) for the years you didn't file your taxes. Filing your back taxes can be a time-consuming process, especially if you don't have the needed forms, so leave it to Clarke & Reilly, Inc.
"What if I can't pay my back taxes in full?" The IRS offers several payment options. We can discuss these in detail during your consultation.

Contact Clarke & Reilly today to learn more.

Don't attempt to solve your tax issue on your own

At Clarke & Reilly, you can rest easy knowing you're working with an experienced accountant. Our team has over 35 years of tax and accounting experience. We also offer competitive rates for our services.

Call 703-299-6161 today to make an appointment at our Alexandria, VA accounting firm.