Falling behind on your taxes is never desirable. However, sometimes there isn’t much you can do about it. Whether you forget to file or you just don’t have the money to pay the taxes, eventually you might lag behind and, without notice, the government can come knocking on your door. Nobody wants to deal with the government and taxes, but if you are behind, that is exactly what is going to happen. Before the government comes calling for the taxes, it is time to give us a call. At Tax 911 Now, we are able to work with you and the government in order to negotiate through tax amnesty program that can control the damage from tax trouble. A tax amnesty is something that is going to drastically help you reduce the amount of money you have to pay.
What is Tax Amnesty?
When it comes to under-reported taxes or falling behind, there is generally a limited window of opportunity for taxpayers to be able to apply for the tax amnesty program to avoid prosecution, get penalties waived and even have interests reduced. With the help of a professional tax team like we have at Tax 911 Now, the government brings down the amount taxpayers may owe. There are different circumstances that bring about the tax amnesty, with our help, you can find out if you qualify and if it is something that is suitable for you to go through.
What are the Benefits?
There are several benefits of tax amnesty. For starters, you do not have to pay the penalties amount that you normally would. On top of this, you do not have to worry about criminal prosecution, the interests may not be as big when paying the amount back. This way, you only have to pay the set amount back determined by the tax amnesty and no more. This is, of course, as long as you are honest with your tax information. If you make false or incomplete claim, CRA may come back later to audit, you might run into more serious tax issues.
Contact Tax 911 Now before CRA contacts you. Keep in mind, to qualify for the tax amnesty, you need to voluntarily disclose your tax issues. If CRA sends a letter or makes a call to you, then it is too late. You will have no choice but to face heavy penalties, or worse, prosecution. Call us at 1-877-918-2991 Today before it is too late!