Soon you’ll be getting your W-2 in the mail again and tax season will be in full swing. Here at Kansas City Tax Mediation, we help thousands of people each year make sure that they’re filling their taxes correctly and that they’re getting caught up on owed back taxes. If you haven’t filed or payed Kansas taxes for past years, you may be completely clueless on how to get caught up. Thankfully we’re here to help you.
One of the most important thing to understand about owing back taxes to the state of Kansas is that it is almost always more beneficial to you to get the issue resolved as quickly as possible. A lot of people believe they can let sleeping dogs lie if they haven’t heard from the IRS about their back taxes and that doing nothing is the wisest course. This is absolutely not true! Why? The IRS already knows that you owe taxes. If you’ve had a job in the given year, that employer has already sent a copy of your W-2 reflecting your wages to the IRS. If you’re self-employed and file a 1099, the IRS has computer software that sounds alarms if you go too long without filing.
Moreover, the longer you go without getting help with back taxes owed to the state of Kansas, the worse the consequences can be. Penalties are about 5% of the tax you owe for every month that you’re late and can go up to a maximum of 25%. For most people, that’s a fine that they aren’t able to pay all at once. Don’t let your issue become something you can’t fix on your own: call Kansas City Tax Mediation today for help with Kansas taxes.