IRS Tax Debt Relief Program : The United States has a lot of laws surrounding taxes, so it’s no surprise that there are many different tax problems that can arise. Some of these problems may be simple enough to fix on your own, but others may result in tax debt so high that you feel overwhelmed and don’t know what to do next. Don’t worry – help is available if you qualify for the IRS Tax Debt Relief Program, which can help you clear up your tax debt issues quickly and easily so that you can get back to focusing on your life and spending time with your family instead of stressing out over finances.
What is The IRS Tax Debt Relief Program?
The IRS offers the opportunity for taxpayers to get help with their tax debt by enrolling in an installment agreement. This agreement allows you to make payments over a certain period of time, which will be determined by your income and expenses. If you have received a notice from the IRS, we can help you determine if this program is right for you. There are many factors that need to be considered when deciding whether this program will benefit you or not. Our experienced team will go through all the details with you to find out what your best option is. We will give you the information needed to enroll in this program, as well as other options available to reduce your tax debt. You owe it to yourself and your family to explore these different options so that you can find out how much money you would save each month or year on monthly installments.
Does Your Situation Qualify For The IRS Tax Debt Relief Program?
The IRS tax debt relief program is a special type of program that can help you get out of your tax debt, but you need to qualify. Qualifying for the IRS Tax Debt Relief Program requires meeting the following criteria:
– You’ve owed back taxes for at least 3 years and cannot pay them in full
– You cannot pay off your debt with ordinary income because it’s too high or you have no income
– You’re not eligible for a payment plan or offer in compromise with the IRS. – You owe less than $25,000 in unpaid federal income tax.
– You haven’t been convicted of a crime such as tax evasion or an offense related to obstructing the IRS in its duty.
– You’ve never had an installment agreement before; however, if your current agreement was terminated by the IRS for one of these reasons, then you may still be eligible for this program.
Frequently Asked Questions About The IRS Tax Debt Relief Program
What are the eligibility requirements for the IRS Tax Debt Relief Program?
This program is available to taxpayers who have at least $50,000 in IRS tax debt and meet other specific requirements. It also applies to individuals with up to $25,000 of outstanding state and local income taxes if they owe federal income taxes as well. For example, someone with a federal income tax liability of $5,000 will qualify if he or she owes $25,000 in state or local income taxes. The program also includes people who owe any outstanding balance on a student loan guaranteed by the U.S. Department of Education. To qualify, borrowers must owe more than $10,000 and less than $60,000 in total.
Qualifying taxpayers are eligible for an offer in compromise that would allow them to settle their tax debts for less than what’s owed. If accepted by the IRS, it eliminates penalties and interest charges that accrue while waiting for an answer from the IRS about whether their application has been accepted or rejected.
Contact Us For More Information
If you are struggling with back taxes, then IRS tax relief might be able to help. Contact us today for more information on the IRS tax debt relief program and how it can help you get back on your feet. The sooner you call, the sooner we can work together to make your future brighter. If you need assistance filing taxes or if you need help dealing with any other tax-related issues, contact us today. We have years of experience in providing IRS tax debt relief programs and can put our knowledge to work for you! We will negotiate a reasonable settlement with the IRS and provide support every step of the way.
The tax season is just around the corner and now is the time to take action. Don’t wait until April 15th because at that point it will be too late to do anything about your outstanding taxes. Take advantage of this opportunity now so that when April comes around, you won’t owe them anything!