How Much Do I Owe The IRS? How To Find Back Taxes Owed

Typically the IRS will send you notices or "CP Letters," if you fail to file or pay your taxes on time or in full. Sometimes the IRS may not immediately contact you, only becoming a problem years later down the road. This is becoming less common as the IRS updates its ACS or Automated Collections System. You should know what you owe so you can deal with the situation and understand what tax solution is best for you.

There are a few ways to figure out how much you owe IRS. Realize you have different options but some are easier than others.

Ways To Find How Much You Owe The IRS In Taxes

1. Visit or Call Your Local IRS Office - The IRS has offices around the country and you can easily visit a local office or call one. This handy link should help you find the nearest IRS office to you: Local IRS Offices. The IRS may ask you to resolve your taxes in a certain way when you visit but you can always contact a professional before doing anything. You can also call the national number at 1-800-829-1040.


2. Contact A Professional Tax Team - Typically, a tax attorney, CPA, EA, or other tax professional can act on your behalf or represent you to inquire how much you owe the IRS. They often can provide advice in terms of the best way to resolve taxes. Contact a tax professional team like us if you know whatever you owe is over $5,000 dollars.


3. Request a "Record of Account"and "Account Transcript" - Here you will use form 4506T or the form to "Request for Transcript of Tax Return," to get your total tax liabilities, payments, and adjustments on your account. Your tax professional can request this too on your behalf. Many people confuse this with Form 4506. Form 4506 is used for a full transcript of everything on your tax return and attached including more than 4 years back and it costs $57 dollars per return. Form 4506T can provide this information summary:
   
   -Tax Returns and Account Transcript With Tax Information for Last 3 Years Plus the Current Year
   -Your Income Information
   -A Record of Account (federal tax liabilities, federal payments received and other adjustments).
   

Here is What To Do to Request Your IRS Record of Account and IRS Account Transcript

• Download Form 4506-T and print it out or call the IRS to have them send you one
• Fill out basic contact information at the top
• Indicate individual income tax (1040), partnership (1065), or business (940) etc on line 6
• Check 6B and C - requesting a Record of Account and Account Transcript
• On Line 9, indicate the years you want to look at (if more than 4 use form 4506).
• Sign, Date, and then send to the correct IRS address (find it on 2nd page of form)

*Form 4506-T has directions to follow and it is recommended you read them and pay attention to details if you are not using a tax professional. It should take you about 45 minutes to complete the process of completing and sending the form.

Now that you have a better understanding of how you can find how much you owe, once you do, look to work with a professional tax team if your IRS debt amount is over $7500 dollars because not only are services cost-effective but many times you can reduce the total amount you owe. For a free tax analysis or consult call us or use the contact form on the right.

Select... $7,500 to $9,999 $10,000 to $14,999 $15,000 to $19,999 $20,000 to $24,999 $25,000 to $29,999 $30,000 to $39,999 $40,000 to $59,999 $60,000 to $79,999 $80,000 to $99,999 $100,000 + Select a state Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Missouri Mississippi Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

Missing, Lost, or Never Received Your W2?
Find out how you can obtain your W-2

Back Taxes Frequently Asked Questions
Common questions taxpayers have about back taxes and the different problems and situations that arise from not filing or owing taxes.

Our Tax Resolution Services Offered
A list of our services offered as well as a description about how our services work.

Our Tax Resolution Process
Understand how tax settlement companies work and know what to expect before you begin the process of resolving your taxes.

IRS Phone Numbers List or Reference Guide
Find the right IRS phone number for your questions or problem

IRS Payment Plans for Taxes Owed
Depending upon your financial situation you may qualify for a payment plan if you cannot pay the tax amount in full.