Seeking Tax Debt Relief

If you owe the Internal Revenue Service back taxes, you may be in need of a professional to help get tax debt relief. The interest and penalties that are imposed by the IRS are usually a percentage of the amount owed and are levied monthly; there is no end to the penalties without paying off your balance.

Many people find themselves in a situation where they cannot pay the taxes that are owed, so they let it go. In time, they get into a position where they are better able to pay their back taxes, only to find that the amount due has grown astronomically--sometimes even doubling-- and that they have no hope of ever paying it off.

Not paying your taxes when they are due is the most common reason for tax debt, but another reason is not filing a return to begin with. Even if you didn't owe much money for the year that you did not file, with the fees and interest that accrue on top of it, the bill can add up very quickly. Other penalties can be applied to a person's return if it is inaccurate or deemed to be frivolous.

Once you get to the point where the tax bill is so great that you have no hope of paying it, it is time to find a tax consultant to negotiate for tax debt relief. There are many ways under law to reduce or even eliminate many of the penalties arrayed against you. It is important to speak to a tax consultant that has experience with the IRS settlement process. Consultants not only know the law, but have an ongoing relationship with the IRS to settle disputes. The IRS is motivated to collect as much money as they can, but are sometimes willing to reduce the amount owed when legally permissible. A tax consultant who knows the laws in the area and understands the procedure involved can get tax debt relief for you.

Not a Solicitation For Legal Services.