Photo of Professionals at Bomar Law Firm

Guiding You Through The Legal Process

Photo of Professionals at Bomar Law Firm

Preparing for tax season could help with tax relief

On Behalf of | Jan 1, 2022 | Tax Debt

With the tax season just around the corner, many Atlanta residents might rather not think about it. This could be because they still have outstanding balances owed to the IRS that they are struggling to address. Finding tax relief is not always easy, but there are options. Preparing for the coming tax season could be useful in that endeavor.

Something that is important to keep in mind is that even if a person has tax debt, it is crucial to file his or her upcoming tax returns. The IRS has a record of what a person owes, and not filing will not be the solution that some people might think. As a result, individuals may want to file their returns to ensure that they can take their proper deductions and credits, which the IRS will not apply if the agency has to file on someone’s behalf.

To get ready for filing, the following steps could be useful:

  • Collecting important financial documents, including W-2 forms or 1099s
  • Organizing information about dependents
  • Ensuring that an employee’s personal information is accurate in the employer’s records
  • Estimate how much tax may be owed or whether a refund might apply

Even if a person is in need of tax relief, continuing to file his or her tax returns can prevent additional issues. In fact, the IRS offers various payment plans and programs that could help Atlanta residents struggling with outstanding balances, but having all tax returns filed is often a requirement. If individuals have concerns about filing their returns while having outstanding tax debt, they may wish to gain more information on their relief options.