Tax Debt Forgiveness Possible: Indianapolis Tax Attorneys Help You Work with the IRS

Indiana Law Firm Provides Besieged Taxpayers with Options

Most taxpayers file tax returns with the IRS each year; however, approximately three percent do not file returns at all. Although there is a six year statute of limitations for filing criminal charges against those who fail to file a tax return, there is no statute of limitations on how long the IRS can pursue taxpayers or demand payment for back taxes owed. If you are currently being pursued by the IRS for back taxes you owe, the Indianapolis tax law firm of Saeed & Little LLP can help you come to a workable solution.

What Happens When You Owe Money to the IRS?

If a taxpayer fails to file a return but does not owe any taxes, the penalties are not severe. But failure to file a tax return when one does owe taxes is a crime, and the penalties can be serious. Incarceration is rare, but the threat of it is very real.

For example, for each year a taxpayer fails to file a return due to negligence, the IRS can fine that taxpayer up to $25,000 or sentence him to a year in prison. If the individual is trying to evade paying taxes, the IRS can pursue felony charges, which may result in a fine of $100,000 or a maximum of five years in prison.

What to Do

Even if you can't afford to pay all the taxes you owe, it is wise the file a tax return anyway, and the IRS will work out a payment plan with you. Let the Indianapolis law firm of Saeed & Little LLP help you work with the IRS to resolve your tax situation. You may contact our firm online or call 317-800-6181 today, and your initial telephone consultation will be free of charge.