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There Really Are Programs Your Government Forced the IRS to Create to Get You an IRS Tax Debt Settlement but the IRS Tries to Hide Them from You.
Irs debt relief. Usually this relief comes in the form of a payment plan or debt settlement with the IRS. A good tax debt relief company has representatives on hand to carefully assess your situation before coming up with a plan to alleviate your debt with the IRS. This is a service that youll end up having to pay for if you choose to have them resolve your problems for you but the initial call and consultation is free.
If you owe back taxes to the IRS you need to act quickly to avoid financial burdens like receiving a Notice of Federal Tax Lien. The IRS on Monday announced a new program the Taxpayer Relief Initiative to help taxpayers who are unable to pay their taxes because of the pandemic IR-2020-248Taxpayers who owe taxes and could not pay have always had options such as installment agreements and offers in compromise but now they have more options. There is a solution to every tax problem.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. National tax resolution companies are all over talk radio and late night television. It may not be the solution you want but there is a solution you can live with.
The IRS unveiled new debt relief options on Monday for taxpayers still reeling from the coronavirus pandemic. Taxpayers who qualify for a short-term payment plan may now have up to 180 days to resolve their tax liabilities instead of 120 days. We may be able to provide you with debt forgiveness effective payment plans or an offer in compromise OIC with the IRS.
If you give me just a minute Ill show you why its possible and how. If you have the resources to pay a partial amount of your IRS tax debt theres still hope. It may be a legitimate option if you cant pay your full tax liability or doing so creates a financial hardship.
Here are the highlights of the Taxpayer Relief Initiative. Tax-debt relief is a broad concept covering assorted options each designed to make the best possible peace between taxpayers who have fallen behind and the IRS. Its vital to address the problem quickly so a good company will work with you to strategize an effective course of action.
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