Are you looking for a tax debt solution? With all of the mounting IRS problems out there, you may feel helpless against the IRS giant. You don't have to let liens and levies take over your life. With the right professional assistance, you can find the right tax debt solution for your IRS problems.
Offer in Compromise Tax Debt Solution
The tax debt solution you hear the most about is the Offer in Compromise. This is a wonderful tax debt solution for those who qualify. If one or more of the following conditions applies to you, you may have a solid Offer in Compromise case:
- Doubt as to Collectibility:
You don't have a way to pay your IRS debt before it expires.
- Doubt as to Liability:
The tax debt was mistakenly assessed by the IRS.
- Effective Tax Administration:
Paying the tax debt will cause serious financial hardship.
Since few people qualify for an Offer in Compromise, it is best to talk to a tax professional before sending in the paperwork and application fees.
Installment Agreement Tax Debt Solution
A tax debt solution that works for many people is the installment agreement. This tax debt solution is basically a payment plan to the IRS. This sounds easy, but be careful. Not all installment agreements are equal. Some pay off the debt faster, some work for tight budgets, and some only pay off part of your debt while completely protect you from the IRS for good. Just as with the Offer in Compromise, it is important to discuss this tax debt solution with a professional to make sure that there's one that fits your situation.
Penalty Abatement Tax Debt Solution
Have you noticed your tax debt growing out of control? This is likely caused by the rapid accumulation of penalties. Penalty Abatement is a tax debt solution that can sometimes significantly lower your tax liability. Not everyone qualifies for this tax debt solution. A tax professional will be able to tell you if this is something worth pursuing.
Innocent Spouse Tax Debt Solution
Did your spouse create a tax liability without your knowledge or involvement? Why should you be left vulnerable to IRS attacks for something that is not your fault? A tax debt solution that may work for you is to file for Innocent Spouse. The IRS has very stringent rules on who qualifies for an Innocent Spouse tax debt solution and who doesn't. It is best to speak with a tax professional to make sure that this is the best tax debt solution for you.
Currently Not Collectible Tax Debt Solution
Times are tough for many Americans. How can you possibly give the IRS anything, when you're struggling to pay the bills? Fortunately, there is a tax debt solution for those who are barely getting by. You can be placed into a Currently Not Collectible status. This will protect you from levies and seizures, while you work to improve your life and finances. Speak to a tax professional now to see if you qualify for the Currently Not Collectible tax debt solution.
You don't have to fight the IRS alone or feel helpless anymore. Call us now for a free tax debt consultation to see what tax debt solution will work for you!