We remind our clients that tax extensions and payments are still due to the IRS. Many times they are overlooked until the last minute. As CPAs, we are here to understand and stay abreast of the deadlines and rules governing taxes so that you, our clients, don’t have to.
Americans owe money to the IRS, that is, taxes that went unpaid — either partially or fully — in the year they were due. While it won’t erase the amount of taxes you owe and your obligations, tax relief can help alleviate your tax burden by reducing the amount of taxes owed to the IRS. These come in a few different forms, such as a tax credit, deductions, or tax forgiveness.
Essentially, it consists of programs created by the IRS to decrease your tax bill. Nonetheless, don’t hesitate to contact us if you need assistance or clarification. We are here to assist.