Tax debt resolution is very important to the success or failure of any tax resolution specialist. A tax specialist has spent many hours studying tax laws and the IRS regulations to help resolve your tax issues. They have many strategies and options that they can employ in order to achieve their tax help or resolution. Unfortunately not all tax specialists are created equally. We recommend that you take the time to find a tax professional who:
If you have questions, kindly call or speak to this phone number. They will address your questions and offer free estimates. An Installment Agreement is basically a monthly payment schedule where the taxpayer pays off their debt over a prolonged period of time with additional deductions. If your tax debt resolution specialist can negotiate a reasonable cause abatement for you, they will do so in exchange for having you pay the Installment Agreement on a monthly basis.
The IRS is strict when it comes to tax debt resolution. The IRS will require that you either: A. Obtain a signed tax resolution agreement or B. Be enrolled in a debt resolution program.
The IRS has many options to consider when determining whether you meet their standards for qualification for a compromise program or not. The most common qualification criteria is for you to be not currently delinquent. The IRS is also very strict when it comes to considering an income tax debt resolution proposal that requires a compromise. For example, a compromise program may be considered an acceptable offer if you make less than half of your current taxable income. However, if you make more than half of your current taxable income, you will not qualify for a compromise program and you may be required to enroll in an income tax debt resolution program.
There is also this website that will work directly with the IRS to help you settle your taxes. These tax professionals have extensive experience working with the IRS and with tax debt resolution companies. They will evaluate your current financial situation and recommend the best method of tax relief for you.
Many tax professionals will also work directly with the IRS to settle your tax debts by offering an Offer in Compromise. When using an Offer In Compromise with the IRS, it is important to remember that the Offer In Compromise is not a complete settlement. The IRS will still continue to pursue collectors on the amount of money that you actually owe. If, after requesting an Offer In Compromise from the IRS, taxpayers fail to pay the balance of the Offer In Compromise back to the IRS, the agency will then pursue collectors on the full amount of the owed debt. Find out more details in relation to this topic here: https://en.wikipedia.org/wiki/Tax_advisor.