Did you know that not paying your property taxes on time and thus having a delinquent tax can result in you losing your home? If you were unaware of this fact and have unpaid taxes, take immediate action and hire the services of a tax settlement attorney who will help prevent the situation from getting worse and negotiate a settlement with the IRS on your behalf. These are some the consequences you will be facing for unpaid property taxes:

Interest and penalties:

Each month the taxes remain unpaid, an interest component will be added to the amount due. You should keep in mind that the interest will be compounding, meaning that interest will be levied on the interest which was added for the previous month. As a result over a period of time the interest component can add up to a substantial amount.
Penalties for administrative fees, late fees and collection fees will also be added.

Foreclosure

If your taxes remain delinquent for a certain period of time, the government has the power to foreclose the property and recover the back taxes due to them by selling the property at a public auction with the option for you to pay the entire due amount before the sale to redeem the property.

When faced with consequences severe as these an experienced tax settlement attorney from the law offices of Jeffrey .B. Kahn, P.C. will go through your records and analyze the situation and depending on the circumstances make representations at the IRS.

In addition you will face the likelihood of being picked for an IRS audit in the future as a result of this. If faced with such a situation an IRS audit attorney can provide advice.

A tax lawyer from the IRS may offer you a repayment scheme in installments or even resolve the tax liability. Immediate steps should be taken to resolve the situation as delaying it means the amount of interest will keep adding and the risk of foreclosure will become greater.
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Guest post provided by Kahn Tax Law: If you are going to be audited by the IRS, the best course of action to take is to immediately consult with an IRS audit attorney from a reputable legal establishment like the law offices of Jeffrey .B. Kahn, P.C. . They will professionally handle the situation to get the best result for you.