How Do You Negotiate a Tax Settlement With The IRS?

The Internal Revenue Service (IRS) can be intimidating, and after all, why shouldn’t they be? The IRS can seize your property, garnish wages / levy your paycheck, freeze access to your bank accounts, and put Federal tax liens on your property. If your financial difficulties have gotten you into trouble with the IRS, you need to act promptly to avoid suffering serious consequences. If you don’t have the money to pay off your debt to the IRS all at once, you don’t have to stress yourself over the matter. There are real options available and an experienced IRS tax attorney can help you get a settlement agreement negotiated and your life back on track after troubles with the IRS.

Plan For Your Tax Settlement

When you have an income tax debt, you need a strategy, a plan to achieve success. Contact the best IRS tax help team at Flat Fee Tax Service, Inc. and find out what kind of plan is right for you.

You do have the legal right to represent yourself before the IRS, but most struggling taxpayers have determined that experienced professional help, such as a specialized IRS tax lawyer, can significantly impact their ability of reaching a tax settlement with the IRS.

Owing the IRS money is not only intimidating, it can be very scary. If you are worried about avoiding serious recovery actions from the IRS, you need to have an IRS tax lawyer properly and promptly communicate with them about your financial situation. Having the best IRS help team at Flat Fee Tax Service, Inc. to handle your tax settlement is a very wise choice and a step in the right direction.

As you know, the federal government is the IRS so it is a force to be reckoned with. While the IRS has very detailed and intricate methods that can be used for collecting all tax debts that are outstanding. You need to know that just like any other debt, the longer it takes you to repay your tax debt to the IRS, the more you will end up paying in the long run because of tacked on interest charges and other.

temp-post-imageWhat are your Options for a Tax Settlement?

There is not just one tax settlement option that is written in stone when it comes to settling IRS tax obligations. An experienced tax lawyer can help you go over all the options available to you and come up with the right solution for your particular needs. If you are facing financial problems because of your tax debt, we can help you get back on track. We are listing just a few ways you could settle your tax debts to the IRS. We can also make appropriate recommendations based on your individual needs.

An Installment Agreement – You can set up a payment plan that allows monthly payments so you can focus on paying down your debt then paying it off. The IRS won't tell you that there are many rules to settling up an Installment Agreement. Don't be forced into a payment plan that is too much. The IRS is interested in two things: Collecting money and closing cases.

An Installment Agreement with Partial Payments – A partial payment installment agreement is considered to be a relatively new way to help you manage your debt. It will let you use a long-term repayment plan so you can settle up with the IRS at a reduced amount. Using this approach, you pay up your unpaid taxes using installments instead of a larger lump sum. Your tax lawyer will work with the IRS to set up the lowest monthly payment with them so you can make regular payments that leave you with the money you need to survive.

Offer in Compromise (Tax Settlement) – The Offer in Compromise tax settlement program lets you settle your income tax debt for less than you owe. You can be allowed to set up a payment plan for a short time so you can pay the IRS off at an amount that is significantly reduced. If your IRS income tax debt is not affordable to you, this might offer the best tax settlement for your situation. An Offer in Compromise gives you the chance to pay a much smaller amount that will be taken as payment in full for your debt. If you are deemed eligible for this tax settlement program, you can end up saving thousands in taxes, interest, and penalties.

Not Currently Collectible – This program involves the IRS agreeing to not collect on your tax debt for a while (maybe forever). If you are Currently Not Collectible, it means that you don’t have the necessary resources to pay your tax debt. The IRS can declare that you are Currently Not Collectible after they have received adequate evidence proving you cannot pay your debt. This tax settlement program can be useful because it can be used to file an appeal to stop an IRS lien, levy, seizure.

Innocent Spouse Tax Settlement – If you have inherited IRS problems that belong to your spouse, there is a way out. If you can prove your circumstances meet the IRS guidelines for innocent spouse tax relief, you might not be subjected to helping cover the cost of the taxes resulting from the problems faced by your spouse or ex-spouse.

Give the best IRS help team at Flat Fee Tax Service, Inc. for your free and confidential consultation.

Find out what your tax settlement options are.



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Flat Fee Tax Service

3200 4th Ave., Suite 208,

San Diego, CA 92103

Phone. 800-589-3078