IRS, the three letters most likely to strike fear into the hearts of American men and women each year. For some, the tendency when confronted with a serious tax issue is to bury their heads in the sand. It’s scary, and the implications can be huge. Not to mention that messing up big can do a number on one’s self-esteem. But, we urge you to think financially and not emotionally when dealing with your tax issues. Here are the top 3 ways to keep your cool when dealing with a tax issue.
1. Ostriching only makes it worse
Burying your head in the sand may feel like a good idea, but while you’re hiding from your problems, those problems are growing. Day by day of trying to ignore the issue at hand, your anxiety grows and the IRS’s patience shrinks. Don’t let fear of the unknown keep you from taking action on your tax issue. Waiting only makes it worse.
2.Take a Deep Breath
The IRS says you owe them money and now you’re ready to give up. We understand, it’s hard to imagine taking on such a large entity. But the most important thing to remember is this: this is fixable. When you panic your brain searches out the easiest solution to the problem. Pay the money, file for bankruptcy, leave the country! But, this is the time that you need to have all your wits about you, ready to tackle the problem at hand. Don’t let the fear monster take over the situation. Take a deep breath, and call a professional.
3.Make the investment, hire a pro
You may feel tempted to go it alone when dealing with the IRS, after all, you’re having a money problem so the best solution is to not spend any more money. Wrong. The absolute best investment during your IRS troubles is to hire a trusted professional who can guide you through your tax issue. Not only will an IRS solutions expert know the best tips and tricks for navigating the system, chances are they’ll be able to help you save money in the long run.
When dealing with the IRS for the first time you may feel tempted to bury your head in the sand, send yourself into a full on panic, or give in and go it alone. Those may feel like the easy choices, but they certainly are not the best. Take a breath and think about your situation financially. Chances are you’ll give yourself the same advice you’d give someone else. Keep your chin up and tackle this issue head on. And, fortunately you don’t have to do it alone. At Fix-It Accounting we have a team of IRS resolution specialists at the ready to help you manage your tax issue. Contact us today for a free consultation and to learn more about how we can can get you out of hot water with the IRS.