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 IRS Success

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 have the legal right to represent yourself before the IRS, but most struggling taxpayers have determined that experienced professional help, such as specialized IRS tax attorney and tax specialists who are experienced in helping taxpayers resolve unpaid tax debts can significantly impact your odds of reaching an acceptable settlement with the IRS through the Offer in Compromise program. If you let an experienced IRS tax attorney handle your accounts for you, any IRS agent contact you do will either be minimized or be completely alleviated.

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 attorney properly and promptly communicate with them about your financial situation. Communication is a step in the right direction. Usually, the IRS will work with those who owe money, and you have several different options available to help settle your debt with them. Having the best IRS help team at Flat Fee Tax Service, handle your IRS communications is a very wise choice and a step in the right direction.

As you know, the federal government is backing 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 any tax debts that are outstanding, it also has also been known to be patient when a taxpayer is trying to make things right and work with them. As long as the IRS understands that they are going to get paid, they are usually willing to postpone the collection process until you are in a better financial situation. You need to know that just like any other debts, the longer it takes you to repay your debt to the IRS, the more you will end up paying in the long run because of tacked on interest charges and other

What are the Options for Settling IRS Tax Debts?

There is not just one option that is written in stone when it comes to settling IRS tax obligations. An experienced debt relief attorney 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 back taxes owed to the IRS, we can help you get back on track and the debts resolved. 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. If you believe that you have been a victim of a fraudulent investment scheme, often called a Ponzi scheme, help might be available. If the schemed caused you to lose most of your investment funds or even all of them, you might be able to take advantage of U.S. Tax Codes that allow you recover as much as 40% of your financial losses resulting from the scheme. This is a complicated and technical process, but it can help you cut the amount of taxes that you have paid in for previous years so you can get a refund, which is paid to you with interest. An attorney can help you with this as well.

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 experienced tax debt 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 – The Offer in Compromise settlement program lets you settle your income tax debt you have incurred via taxation for less than you owe. To do this, you must make a payment in lump sum form. In some situations, you might 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 solution 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 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, usually at least for a year. If your account is Currently Not Collectible, it means that you don’t the necessary resources to pay your debts at the present time. The IRS can declare that you are Currently Not Collectible after they have received adequate evidence proving you cannot pay your debt right now. This program can be useful because it can be used to file an appeal to stop an IRS lien, levy, seizure. This can also be done if you have been denied the chance to make payments in installments or you have had an agreement that has been terminated. Filing an appeal because of IRS collections gives you the chance to show the IRS how you believe the predicament could be resolved without them filing a levy or seizing your property.


Get Wage Garnishments Released – If you have found yourself owing money to the IRS, you can face wage garnishments and levied federal payments. Until the levy has been released when your tax debt has been paid in full, you might face financial woes. However, there is room to bargain with the IRS for a modification or even a release to the garnishment if you don’t have enough money to cover basic living expenses after the levy has gone into effect.

Keep the IRS from Levying Any Bank Accounts – A bank levy can be issued for the IRS to take funds from your checking and savings accounts to be paid toward the back taxes you owe. When a bank account is levied by the IRS, the bank has to remove any available funds in the bank account that day. They can take as much as the full amount of the levy needed to pay their debts. Those funds must be sent to the IRS within 21 days unless the bank is notified otherwise. You can work toward resolving your debt to the IRS by obtaining a release of any levies that have been applied to your situation.

Relief for the Innocent Spouse – 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.

Pay Attention to the Statute of Limitations Expiration Date – There is a statute of limitations that applies to collecting back taxes. Usually, the IRS has 10 years from the date of assessment to collect all the back taxes along with their penalties and interest. An attorney can help you resolve your problem with the IRS and settle your back taxes by just coming up with an effective strategy that will help you wait out the 10-year wait so the debt cannot be collected. This is useful because you can file an appeal to stop IRS seizures, levies, liens, or the denial or termination of any installment agreement for your payment of tax debt. A collection appeal enables you to have the chance to explain how your current situation could be resolved without the IRS enacting a seizure or levy.

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


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Flat Fee Tax Service

3200 4th Ave., Suite 208,

San Diego, CA 92103

Phone. 800-589-3078