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Are You Facing IRS Tax Debt?

  • Donovan
  • Nov 4
  • 2 min read
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Are you one of the 27 million self-employed Americans? If so, and if you’ve earned over $400 in self-employment income in any given year, the federal government requires you to pay Self-Employment Tax. This tax is essential—it funds both Medicare and Social Security, ensuring that self-employed individuals and small business owners contribute their fair share to these programs.


Paying self-employment tax isn’t optional. Without it, you risk losing future Social Security benefits, and failure to comply can land you in serious trouble with the IRS. Unfortunately, many self-employed individuals underestimate the importance of timely and accurate tax reporting. The IRS does not accept ignorance as an excuse and has the authority to take aggressive collection actions, including seizing property or withdrawing funds directly from your bank account.


If you’re facing unpaid self-employment taxes or other IRS tax debt, it’s crucial to take action immediately. Ignoring these obligations only increases penalties, interest, and potential enforcement actions.


Understanding Your Options for IRS Tax Debt Relief

Many self-employed Americans aren’t aware that there are legitimate ways to resolve IRS tax debt without facing severe financial consequences. Options may include:


  • Installment Agreements: Pay off your debt over time in manageable monthly payments.

  • Offer in Compromise: Settle your tax debt for less than the full amount owed if you meet certain eligibility requirements.

  • Currently Not Collectible Status: Temporarily delay collection if paying would cause significant financial hardship.


These solutions are designed to help taxpayers regain control of their finances while staying compliant with IRS regulations. Working with experienced tax professionals can make the process smoother and more effective.


Why You Should Act Now

The longer IRS tax debt goes unresolved, the more severe the consequences can become. Interest and penalties continue to accrue, and the IRS can take direct action to collect what you owe. If you’re self-employed and struggling with unpaid taxes, IRS tax debt relief is not just an option—it’s a necessity.


Contact Milestone Tax Solutions for Help

At Milestone Tax Solutions, we specialize in helping self-employed Americans navigate complex IRS regulations and secure the tax debt relief they need. Our team works directly with the IRS on your behalf to find the best solution for your situation, so you can focus on running your business without the stress of looming tax problems.


Don’t wait until the IRS takes action. Call us today at 833-505-4403 to discuss your case and learn how we can help you resolve your tax problems efficiently and confidently.

 
 
 

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