Knowledge is Power: Getting Out of “Tax-Avoidance Mode”

Often people don’t file a return because they don’t have the money to pay their taxes. Other times they miss filing because of family, health or career stresses. As a result, nothing happens: the IRS doesn’t call, their life stays the same. By the second year people have often entered “Tax Avoidance Mode.” Now they start to worry that if they file, they’ll cause problems. After all, everything is quiet right now.

But, if this describes you, your psychological discomfort will grow. Underneath the apparent tranquility of “nothing happening,” you slowly start to build anxiety. When you don’t know the nature of the problem, fear increases because you can’t process the unknown. You can’t create an action plan to resolve an issue when you don’t know what it is. Not only that, but you don’t know when you’re approaching the danger zone. You just know that the IRS has a lot more power than you do.

When the IRS acts, they don’t send a polite letter requesting that you please file your taxes. There’s no friendly reminder note. Suddenly you may receive a notice to lien, or you may receive a tax bill that’s far greater than you actually owe. These tactics serve to get your attention, but can also put you in panic mode.

Whether you’ve heard from the IRS or not, the time to act is now. No matter what small step you take in resolving a tax issue, you will start to relieve yourself of your growing stress level and you will put yourself in a more powerful position.

“In many cases,” says Marc Jernigan of Tax Matters Solutions, “our clients’ tax problems are less serious than they imagine.” In one case a client thought she owed well over $25,000. She was ecstatic to find a tax liability of $1700, including penalties and interest.

Occasionally, the liability is more serious than the client expects. However, even this knowledge is better than ignorance. When one client, discovered his tax liability, built up over eight years, was half a million dollars, he was able to create a plan to resolve it entirely within one year.

Whatever the size of the problem, facing it will

- Empower you
- Relieve your anxiety and create peace of mind
- Help you develop an action plan
- Let you move on with your life to better and more interesting things

Tax Matters Solutions specializes in helping people who have entered “Tax Avoidance Mode,” and developed IRS problems. Merely taking the one small step of calling their office will put you in a more powerful position. Their CPA’s will assess the issue and begin to resolve it immediately. Find out your options and move forward!
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Source: http://www.financealley.com/article_500733_75.html