Call for free Tax Review

How To Sort Out Back Taxes

Picture of Alisson Ward

Alisson Ward

Tax Professional | Content Writer

How To Sort Out Back Taxes

Sort out back taxes, as tax obligations can be an exhausting ordeal to deal with, especially if the IRS assessments take you by surprise. But it’s worth noting that every taxpayer is expected to take control of their finances and settle any debt they owe. Unresolved tax debt can lead to serious consequences such as penalties, interest, and even potential legal consequences. But everyone deserves help on how to deal with back taxes effectively!

Quick Tips to Sort Out Back Taxes:

1. Determine the amount you owe in back taxes

Assess your tax returns and relevant documents to spot any discrepancies or errors. If you need assistance, it’s best to turn to a tax professional to help you understand the full scope of your tax debt.

2. Don’t ignore the IRS

Open communication is vital to sort out back taxes. If you can’t pay the entire amount immediately, contact the IRS to know more about your options. They may offer installment plans or other repayment arrangements based on your financial situation.

3. Apply for an Offer in Compromise

In certain situations, the IRS may accept an Offer in Compromise (OIC), allowing you to settle your tax debt for less than what you actually owe. However, this option is only available if you can prove genuine financial hardship and an inability to pay the full debt.

4. Ensure you file all your future tax returns on time

Failure to do so can lead to even more penalties and complicate your situation further. You can set up reminders or enlist the help of a tax professional.

5. Know about the Statute of Limitations

The IRS has a statute of limitations for collecting tax debt, typically ten years from the date of assessment. If your tax debt is close to its expiration, it may be possible to wait it out without taking further action.

6. Seek Professional Help

Managing back taxes can be a bit complex, especially if you are unsure about tax laws or procedures. Enlist the help of a tax professional or a certified public accountant (CPA) to guide you through the process and optimize your tax situation.


Keep in mind that managing back taxes calls for initiative and self-control. Keep yourself informed of your options, act quickly, and call on experts as necessary. You can take back control of your finances by making progress towards a future free of debt.

Interested in tax relief?

Book your free consultation now
I acknowledge that by clicking “SUBMIT” I agree to be contacted via telemarketing calls and/or SMS/MMS text messages via telephone, mobile device and/or email. By doing so I waive any registration to any state, federal or corporate Do Not Call registry. I understand that calls to me and from me may be recorded for quality assurance purposes. I agree to receive approximately 10 messages every month and understand message & data rates may apply. Case results vary and are specific to each applicant qualifications. Call for complete details.
Get a free tax consultation:

Get a free tax consultation:

Do you have any unfiled tax returns?

Featured Posts:

Table of Contents

Need expert help? Looking to get back on track?

Share this post:

© 2024 All Rights Reserved.

*Priority Tax Relief (PTR) is a private company that identifies qualified consumers who require tax assistance. PTR is not a debt relief company. Costs and results will vary. Services are not available in all states. Check for service limitations and qualifications. RESULTS ARE NOT GUARANTEED. Hiring a tax resolution company is an important decision and should not be based solely on advertisements. PTR is not an attorney referral service. There is no charge for a consultation. Call for complete details

Book your free consultation

Book your free consultation

Do you have any unfiled tax returns?