IRS Tax Relief
Millions of Americans are facing hard times - financial problems, job layoffs, rising costs of energy, food and shelter. And to make matters worse, many people, including those living in Florida, are also dealing with the problem of back taxes owed to the IRS. Many times, it is not the situation where a taxpayer refuses to pay, but one in which the taxpayer is so financially strapped that they are unable to pay.
Fortunately there's some good news. Regardless of your specific tax situation or IRS tax issue, there are a variety of tax relief rights and options available to taxpayers.
Getting Tax Relief
If you are a Florida resident who is deep in tax debt, you're searching diligently for legal tax relief remedies. You may owe personal taxes, or business taxes, or you may be facing wage garnishment, bank levy, or a tax lien. Regardless of your personal situation with the IRS, it makes sense to strongly consider getting the expertise of a BBB-A-Rated tax relief specialists who can work on your behalf and stand up for your rights in communicating and negotiating with the IRS.
It is important to understand that when you have an issue pending with the IRS, it is vital that you have access to the knowledge and understanding of rather complex tax codes and laws that can be the key to you arriving at the best possible tax relief solution with the IRS. This can not only help you breathe a lot easier, but potentially save you thousands of dollars as well.
The good news is that the Tax Relief Center can connect you to an experienced tax relief specialist or tax attorney who will take the time to assess your current situation, answer any questions you might have, then stand by your side and work on your behalf with the IRS until you arrive at a workable solution.
Know your tax relief rights and options. Get a free tax relief consultation today
Here Are Some Common IRS Tax Relief Options
Offer in Compromise - considered one of the more favorable tax relief solutions, the Offer in Compromise - for those who qualify - can provide relief and save money. It's an agreement between the taxpayer and the IRS that allows the taxpayer to settle for less than the total outstanding tax debt owed. Barring any special circumstances, the IRS will not accept an Offer in Compromise if the agency believes the taxpayer has the means - adequate income for a lump sum payment - or through an installment agreement to pay the debt in full.
Installment Agreement - If and when an offer in compromise fails to be a workable solution, the installment agreement can be a viable option, creating more favorable payment conditions for the taxpayer. Under this agreement, the IRS ceases collection efforts and actions-in-progress against the taxpayer - provided the individual maintains the negotiated monthly payment. Four different types of installment plans are offered by the IRS. Knowing the optimal agreement to select can be a challenging task, one that may be better suited for a BBB-A-Rated tax relief specialist. If you're a taxpayer seeking IRS tax relief, The Tax Relief Center can connect you to tax professionals who will work to achieve the optimal tax solution that applies to your situation.
Penalty Abatement - for many taxpayers, it seems like the words "penalty and interest" are all too often associated with IRS. The fact is, taxes late, or taxes not paid will lead to IRS issues. Interest alone can have a serious impact on the taxpayer's finances, adding up over time to much higher amounts of money required to settle a prior-year (or years) tax debt. This makes it a top priority for taxpayers to do whatever is legal and proper under iRS tax code to get interest and IRS penalties removed. By doing this, the taxpayer can erase, retire, or satisfy IRS tax debt as quickly as possible.
When faced with complex tax issues and even those which may appear easily solved by the taxpayer alone, it makes sense to enlist the help of a qualified tax relief professional - a tax attorney or experienced tax relief specialist who understands how to negotiate and secure the most favorable result and savings for the taxpayer.
Currently Not Collectible - The IRS has what could be described as a "practical" side. The agency knows full-well that certain taxpayer situations may may make it next to impossible, at least in the short term, for a taxpayer to meet their overdue tax obligations. In circumstances including but not limited to: job loss, family sickness, few or low-value assets not worth pursuing, the IRS may determine that it makes sense to cease collection efforts.
Payroll Taxes - This is one of the areas the IRS takes very seriously. Failure of a company to properly manage and pay their employees payroll taxes on time and in full, results in aggressive IRS action. Companies and the officers of that company can face bank levies in which the IRS seizes bank account funds as part of the enforcement action. If you or your company is facing such enforcement or you believe you may be, get a FREE consultation to see how legal tax relief can help you. Need to know more?
Innocent Spouse - there are times when one of the spouses who's filed jointly may be eligible for a type of tax relief known as "innocent spouse." This can occur when the amounts of tax owed has been understated by one spouse, unbeknownst to the other. This innocent spouse situation may create a measure of tax relief for that individual. If you're a Florida resident and find yourself in a situation that could qualify you for this kind of tax relief, let The Tax Relief Center connect you to a tax specialist in your area. Start at the tab below. Start Online
Tax Appeals - when a taxpayer feels he or she is the recipient of an unfair IRS decision, that person may appeal to the agency's Appeals Division. Experienced, BBB-A-Rated tax relief specialists can help by coordinating efforts on the taxpayer's behalf.
Get Tax Relief Now - Taking decisive action and doing it with the assistance of tax specialists may be one of the most important financial decisions you ever make.