It was in 2002 that I started my dream job. I finally had the chance to get up and go to work at a job that meant something to me and made me feel like I was doing some good after years of putting time at a job that was mediocre but not I had planned for my life. PreferredTaxRelief

Changing my tax filing status from being an employee who receives a W-2 to becoming an independent contractor and receiving a 1099 comes along with the fabulous opportunity. I had never been responsible for saving part of my income when it comes to making quarterly tax payments to the IRS.

I was enjoying my new responsibilities – and also enjoying the “extra” income when I started the new job as an independent contractor But this wasn’t really extra income. Since I did not have an employer withholding taxes for me, it was simply the portion of my pay that had not yet been taxed and it is up to me to pay it.

Don’t get me wrong, I’m not the type of person who would scam the IRS or spend money that does not belong to me. Actually, I have always been a prickly record-keeper.

I had every intention of meeting my tax obligations, but there was always something that came up that was more important than setting aside the money for quarterly tax payments. I told my self, that saving money for the tax payment would begin next week each time. Until the “next week” turned into “next month” or the following month and I had not reserved the needed cash.

Before I knew it, it had been about five years since I had paid my taxes. Not hearing a peep from the IRS quite a surprised me. I had presumed that they would have been hunting a path to my door to make me face my obligations if something was truly wrong.

Once I decided it was time to get my financial affairs in order once and for all, I discovered that I was so far in debt to the government that I saw no possible way to recover. The dollar amount that I owe was way too high already due to the penalties and interest that have been accruing, along with the late taxes.

Hoping to resolve the problem on my own, I spent quite a bit of time going through my records and filing my late tax returns. But this is just too much for me to deal with.

I found out that if I will not pay what IRS expected me to pay in full immediately, they would start garnishing my pay and my bank accounts until my debt was fully paid. Would I have to sell my house and vehicles in order to pay this off? What if I made lots of sales and did a real good month? Would the IRS come and take that money and just leave me without anything to really get ahead with?

My wife and I browsed the Internet as much as we could for us to learn about the processes and procedures when the IRS goes after debtors. Wanting to be prepared but it was just too overwhelming with so many web sites out there. We were left confused and unsure whether we are facing legitimate ones or ones that might be steering us wrong in order to get more money from our misfortune.

We started making phone calls to get an idea of what we might do next after choosing several businesses that we found on the web. We just received a strange vibe from the first few places we called. We did not even feel comfortable with them at all. Finally with Preferred Tax Relief, the third place we called, made us feel totally at ease.

That was the beginning of our relationship with Preferred Tax Relief. These tax professionals made such a difference in our lives and we don’t know what we would have done without them. They responded to our queries promptly, courteously, and honestly.

They came through us and we left everything up to Preferred Tax Relief. They were able to get the tax levy lifted and they negotiated a monthly installment program that fit into our budget with no problems.

I highly recommend Preferred Tax Relief if you are experiencing a similar situation. While the penalties and interest continue to grow, whatever you do, do not wait for another day. Give Preferred Tax Relief a call and you, too, could be on your way toward fulfilling your obligations to the Internal Revenue Service without seeing your paycheck or bank account garnished. PreferredTaxRelief

If you enjoyed this post, make sure you subscribe to my RSS feed!