Pay Back Taxes - 5 General Steps to Paying Back Taxes

Pay IRS Back Taxes

When paying back taxes it is important to understand that there are different ways you can pay the IRS back (e.g. installment agreement). Moreover, there are also ways to settle back taxes or reduce them whether you can pay or not . Before anything, you need to file back taxes in order to assess the amount you owe for each year. Use the process guidelines below to find your way through this process. These recommended guidelines below can help you become more efficient with your time and money in resolving unpaid taxes.

How To Pay Back Taxes:

  1. Collect Relevant Documentation - You will need to have W-4s, 1099s and other tax documents for all the years you did not file. Furthermore, collect any expense documentation you want to use to make deductions or exemptions when you file. If you don't have your basic tax documentation you can request it from the IRS. If you are experiencing any IRS liens or levies make sure you gather any relevant documentation around these IRS collection efforts.

  2. Connect With A Tax Resolution Company or Tax Specialist: You can file your back taxes yourself. However, because of the IRS code's complexity you run the risk of missing deductions or filing incorrectly if you do so. Also, you may want to potentially settle with the IRS and most statistics show that taxpayers obtain large reduction outcomes when they work with a professional. Every day, interest and penalties accrue so time is of the essence.

  3. File Back Taxes - This must happen first because you can't reduce or pay unpaid taxes if you don't know how much you owe. You need to file whether you can pay or not. The link will help guide you through the self-help process but it is highly recommended to work with a tax specialist or firm like us who can help you file and who can negotiate on your behalf.

  4. Settle Back Taxes - If you have filed, then you may want to use a tax reduction solution in tandem with your filing (depends on situation). There are over 40 ways to reduce the amount you owe and resolve collections efforts from the IRS. No matter whether the IRS has contacted you or not, work with a tax specialist who can help you resolve and reduce unpaid IRS taxes as outcomes are usually better.

  5. Back Tax Payment Methods - Afterwards or in tandem with IRS tax settlement solutions, you will not need to decide on a payment tax plan in resolving any taxes you owe to the IRS. The IRS must agree to any payment plan you request for it to become effective. There are many different payment plan in terms of lump sum payments, installment agreements, PPIA's and so on.

IRS Tax Payment Help & Articles


Why a Tax Professional
A tax professional can be your best option for making accurate filings and helping you deal with any tax debt you may have.

Payment Plan Help
Do you need help with a Payment Plan? Our partner tax team (IRS Agents, Tax Attorneys, Tax Lawyers, CPAs) can ensure the best tax settlement for your situation. Understand the service works and request a free consultation.

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

Ways to Settle Back Taxes
If you have taxes owed that you cannot pay after filing back taxes, you will need to settle these amounts with the IRS as soon as possible to prevent future penalties and interest from adding up

Consequences of IRS Catching Non-Filers
Having unfiled returns is far worse than filing the returns and not paying. Will the IRS find you? What happens when they do.

Complete Unfiled Returns on your own
Collect old tax information and old tax forms to file with the IRS and/or state.

Find Out How Much IRS Taxes You Owe
Understand the different ways you can find out how much you owe the IRS.