Do you own morethan $10 000in tax debt?

There are a variety of reasons why the IRS agrees to work with taxpayers and resolve for less. Often individuals or families are experiencing financial hardship, whether through loss of a job or income, illness, extenuating business or marital circumstances, or a number of other reasons. In addition, there may be “doubt as to collectability”, “doubt as to liability”, “innocent spouse” or a variety of other tax relief options or tax appeal provisions under the current tax code. In addition, the IRS may lower your tax liability because they feel you simply don’t have the financial ability to pay the full amount owed within the statutory time period.

The IRS Fresh Start program is an effort on the part of the IRS to make it easier for financially distressed taxpayers to resolve back taxes as quickly as possible. Through a free tax relief consultation, taxpayers can find out if the leniency offered via Fresh Start can provide relief for IRS penalties, IRS liens, and also offer more streamlined processes for Installment Agreement and Offers in Compromise.

Do not ignore IRS letters or enforcement notices. They may be auto-generated but, if ignored, they will lead to a wage garnishment, tax lien, bank account levy or other asset seizure or enforcement action. Stay in contact with the IRS and consider the advantages of a free tax relief consultation – speaking to tax relief specialists who can apprise you fully of your tax relief rights and options under the law and, at your request, negotiate directly with the IRS, to bring your case to a favorable resolution.

As an individual or business, when you contact the IRS directly, you will likely be communicating with a frontline IRS collector whose task it is to collect on the total amount of tax liability assessed. Through a free tax relief consultation, you will have the opportunity to get a free and fair assessment from a tax relief specialist who can review with you all the circumstances surrounding the amount you owe the IRS, or the IRS claims you owe. In addition, the tax resolution specialist can also take the time to listen to you, understand what you are going through, and review the options available to reach the best possible resolution with the IRS.

Many people owe the IRS back taxes for a variety of reasons, in many cases due to unforeseen circumstances beyond their control – including personal or financial hardship, business hardship, medical issues and more. In addition, taxpayers may not have been able to file back taxes for one or more years, or feel they have been unfairly assessed. There also may be taxpayers who fall into the “currently not collectable” status because they simply cannot afford to pay the tax assessed. In many cases, taxpayers may qualify for relief via the IRS Fresh Start initiative.

Yes, you may qualify for a “Penalty Abatement” to remove penalties and interest. The IRS may waive penalties and interest for a variety of reasons including medical reasons, poor accounting advice, ignorance of the tax laws that apply, ex-spouse circumstances, the need to care and provide for a loved one, and more.