Do you REALLY know and understand all your options working with the IRS?
You're not alone..... Most taxpayers do not know what to do with an IRS notice or what it means. Leaving a tax debt unaddressed may cause the interest and penalties continue to pile up. It can put you at risk of having your wages garnished and your bank account levied, and ultimately the IRS even has the power to seize your assets and sell them at auction.
The reality is that the IRS has a lot of power they can exercise in collecting tax debts. We can help you resolve your tax problem while preventing or minimizing these threats.
Ignoring an IRS problem will not make the problem go away, but it grows bigger and bigger over time as interest and penalties grow. Many times, the interest and penalties are more than the original tax bill itself! This snowball can make it feel impossible to settle your debts with the IRS.
A tax expert from IRS Tax X Relief & Accounting, LLC can explain and walk you through the various options available to you. We offer services to help you settle your IRS tax problem and fend off garnishment, levies, and seizures. Leverage our tax code expertise and experience in dealing with the IRS to resolve your tax problems. Here are a few potential solutions that we use to help our clients solve their problems.
Let us help you determine the Best Tax Resolution Option for you as your trusted partner representing you!
One of the best options available to resolve IRS problems is an Offer in Compromise. An Offer in Compromise lets you settle your tax debts for less than you owe! There are a few forms they can take requiring either a lump-sum or short-term payment plan, and there are no guarantees; the IRS has to accept the offer you propose. We can help you propose, negotiate, and close out an Offer in Compromise if it suits your individual situation.
The IRS may provide administrative relief from a penalty that would otherwise be applicable under its First Time Penalty Abatement policy. You may qualify for administrative relief from penalties for failing to file a tax return, pay on time, and/or to deposit taxes when due under the Service's First Time Penalty Abatement policy.
Installment agreements are monthly payment plans you can use to pay off the IRS. An installment agreement shows the IRS you are serious about dealing with your tax problem. Even if you can’t pay off the entire amount upfront, installment plans can prevent future penalties, keep interested in checks and help stop garnishments, seizures, and levies.
Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse.