Whether an Austin resident can pay his or her tax bill in full or not, tax returns are due in a timely manner. Unfortunately, if someone is unable to meet their tax liability, they might neglect to file a return and end up facing a number of consequences instituted by the Internal Revenue Service (IRS).
Alternatives to tax collection?
Previous posts on this Texas blog have mentioned time and again that there are ways to meet one's tax obligations to the Internal Revenue Service (IRS) and even end up paying less than what one owed originally. Options, such as offers in compromise and currently not collectible status, have been discussed as collection alternatives in IRS law. Others are also available, depending on the facts and circumstances of one's situation.
