Tax Relief is Within Your Reach!
When you’re seeking IRS income tax relief, you probably don’t know where to start. The IRS Code is 73,000 pages, it is not surprising that you may feel overwhelmed. Receiving a notice requesting payment for an IRS income debt will likely come at the most inconvenient time for you. Considering your usual bills, your work obligations and your family responsibilities, an income tax debt can strain your time and wallet. The good news is that IRS tax relief is possible and it’s within your reach.
Your IRS Tax Debt And Tax Relief
Although there are many reasons why you might owe the IRS for an income tax debt, the notice you will receive will be standardized and from a computer. It will list the amount that you owe, for what tax years, when your payment needs to be made and any IRS action that may be pending. Also, if you have questions about your IRS income debt, a phone number will be provided for you to call. Before you take any action, though, you need to make sure that the information you’ve received is correct. If you review your records and the notice is inaccurate, you can put a stop to your IRS debt before it even starts. On the other hand, if you discover that the tax debt is correct, you’ll want to explore your tax relief options.
IRS Tax Relief Programs
There are a number of viable IRS tax relief programs available to you. You may not be able to pay the full amount that the IRS is asking for. If you had the ability to pay your income tax debt, you most likely would not be receiving IRS Notices and in need of Tax relief.
IRS INSTALLMENT AGREEMENT
If you cannot pay in full your income tax debt, your IRS tax relief may come in the form of an Installment Agreement or some other form of IRS payment plan. This will allow you to pay your tax debt over months or even years. Be aware, your income tax debt will double in approximately 4 years due to penalties and interest.
CURRENTLY NOT COLLECTIBLE
Another tax relief option may be to seek Currently Not Collectible status. This is ideal if you are unable to make any payment toward your income tax debt, and prevents IRS collection action for a certain period of time, perhaps indefinitely, effectively leading to IRS forgiveness of debt. If you are placed into Currently not Collectible status, the IRS will file an IRS Tax Lien and this will harm your credit. If your credit is not a factor for you while the Statute of Limitations runs out on your income tax debt, this may be a very viable option for you.
IRS TAX RELIEF
OFFER in COMPROMISE
The IRS has expanded and liberalized the Offer in Compromise program which is the ultimate tax relief program. If you are eligible and qualified, the IRS may be willing to settle for far less than what you owe. The qualifications for an IRS settlement, such as an Offer in Compromise, can be quite strict. The experienced IRS Tax Attorneys at Flat Fee Tax Service, Inc. have an exceptional record of success. Our team of Tax Lawyers, know what it takes to receive a successful IRS settlement.
Currently, the IRS has been approving approximately 42% of the IRS settlements submitted. 95% of the clients at Flat Fee Tax Service, Inc. who have submitted an IRS settlement through the Offer in Compromise program have been approved by the IRS.
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During the Offer in Compromise process, your income tax debt statute of limitations will be suspended when your settlement request is being reviewed. This effectively extends the amount of time the IRS has to collect what you owe should your IRS settlement be rejected. If you are indeed a financially struggling taxpayer, an income tax debt settlement may be your best option, but you should definitely consult with an IRS tax relief expert before moving forward.
Professional IRS Tax Relief Assistance
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No matter what course of action you’re considering, it’s a good idea to consult with a licensed tax professional first. Such an individual, like the experienced IRS Tax Attorneys at Flat Fee Tax Service, Inc., can provide you with a free and confidential consultation to determine what option is going to work best for your particular situation and your budget. You may find the internet a useful tool in locating a reputable company or individual to work with. Look for IRS income tax relief professionals who have a track record in handling IRS tax debt issues, and take a close look at tax relief reviews; the Better Business Bureau is an excellent resource. Opting for experienced, professional assistance when handling your IRS tax debt may be your best move.
FLAT FEE TAX SERVICE, INC.:
- Guided by our Christian Values.
- Accredited by the Better Business Bureau. A Plus Rating.
- No Client Complaints.
- Experienced IRS Tax Attorneys work directly with You.
- Stop and Release an IRS Wage Levy in One (1) Day.
- 90% of our Clients who have Submitted an Offer in Compromise have received a Successful IRS Settlement.
- Low, Affordable Fees.
- Our Clients get Positive Results.
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