Blog

IRS Problems - Tax Debt Relief

Having Uncle Sam (the IRS) breathing down your neck over your IRS problems can make anyone seek out a quick fix, but before seeking help from a tax debt relief company, experts advise doing your due diligence.

While there are reputable tax debt relief firms with accredited certified public accountants, enrolled agents and tax lawyers to assist in settling IRS problems, there are also unscrupulous companies pledging to resolve your IRS problems for "pennies on the dollar" and that isn’t a reality for most taxpayers.

Advertisements on TV and radio from tax debt relief companies claiming “we can save you 90 cents on the dollar if you retain us to negotiate the resolution of your IRS problems” are likely too good to be true for most taxpayers..

It is true under certain limited circumstances, but that advertisement seems to indicate that when you go to the IRS, you negotiate a tax debt relief resolution of your IRS problems irrespective of your financial ability to pay and that’s not true.

And it’s not just advertisements, dishonest companies are also reaching out directly to consumers offering tax debt relief for a retainer upfront with the promise to settle IRS problems.

Need IRS Help - Do Your Research - Get The Best IRS Help For Your IRS Problems

When you owe more than $10,000 to the IRS, you will need IRS tax debt relief help. Use the internet to check out the BBB ratings. Check out to see if there have been any client complaints. If you do this, you will find out that Flat Fee Tax Service, Inc. has the best IRS help team.

THE IRS HAS A FINANCIAL FORMULA THAT DETERMINES WHETHER OR NOT YOU CAN SETTLE YOUR TAX PROBLEMS THROUGH THE OFFER IN COMPROMISE PROGRAM.

If a company says to you, ‘we’re going to charge you some money upfront’ and they go as far as to say ‘we can guarantee that we can cut your IRS problems by 60, 70, 80%,’ that immediately is a red flag”. There is no way anybody can guarantee that they can cut the tax obligations by any amount until they’ve discussed something with the IRS.

THE IRS HAS RULES AGAINST A TAX RELIEF COMPANY OR TAX PROFESSIONAL FROM GUARANTEEING A RESULT.

Rather than entering a potentially risky situation and end up paying more in fees and interest without a resolution to your IRS problems, here are three steps our tax debt relief experts recommend taking when faced with tax issues.

Step 1: Contact the IRS - Yes You Can call the IRS

After receiving an IRS notice of any outstanding tax obligations or penalties, go ahead and contact the IRS and address the issue immediately.

If you speak to a IRS agent, he/she is going to be willing to work with you depending on your circumstances. The IRS agent is going to say you need to submit certain financial information to show me what your ability to pay is and then we can discuss a collection alternative.

THE IRS AGENT WANTS TO CLOSE YOUR PROBLEM. THE IRS' SOLUTION TO YOUR IRS PROBLEMS MAY NOT BE YOUR BEST SOLUTION.

temp-post-image

The IRS is much more likely to work with you if there’s only one year and you’re current on the subsequent years because they realize things do happen, financial issues come about, but if you’ve been good before and you’re good after, there’s a much better likelihood of the IRS trying to help you try to reach an arrangement. By doing that, there is nobody you need to pay any additional fees to because you’re able to do it yourself.

Step 2: Know Your Payment Program Options - Offer in Compromise

Financially struggling taxpayers unable to pay off their tax debt, penalties and fees in full should inquire about their eligibility to participate in the IRS’ offer in compromise program.

THE IRS WILL RECEIVE 80,000 OFFER IN COMPROMISE APPLICATIONS EVERY YEAR.

THE IRS IS CURRENTLY APPROVING 42% OF ALL OFFER IN COMPROMISE APPLICATIONS PER IRS STATISTICS.

92% OF FLAT FEE TAX SERVICE, INC.'S CLIENTS HAVE BEEN APPROVED FOR AN OFFER IN COMPRISE SETTLEMENT.

If you have a $10,000 bill and it can demonstrated to the IRS that you don’t have the wherewithal to pay your tax debt but you would be willing to compromise on your IRS problems for a lesser amount, the IRS will approve it.

If you are not eligible to settle your IRS problems, taxpayers may also be eligible for the installment payment program.

Let’s say you owe $6,000 and based on your financial information, you can pay $300 a month until the obligation is paid off. Understand on the installment payment program that interest continues to run on the outstanding balance and you will still owe additional interest until your debt gets paid off.

Step 3: When in Doubt, Hire an Accredited IRS Tax Debt Relief Professional

Some IRS problems get so complicated that it’s best to work with an accredited professional like a tax lawyer.

Unless it’s a very small amount and you know that you can pay it off over a relatively short period of time, the best thing to do is get to a reputable tax lawyer with experience who will explain to you the tax debt relief process and not promise the moon.

It’s in your best interest to be honest and upfront about their IRS problems and provide the tax lawyer handling your IRS problems with as many documents as possible to increase your chances of reaching an agreement with the IRS.

CALL FLAT FEE TAX SERVICE, INC. FOR YOUR FREE AND CONFIDENTIAL CONSULTATION.

CALL 1-800-589-3078 TO SEE IF YOU CAN SETTLE YOUR IRS PROBLEMS.

https://www.thebestirshelp.com

http://www.flatfeetaxservice.us

https://www.facebook.com/thebestirshelp

CONTACT US

keep in touch

Flat Fee Tax Service

3200 4th Ave., Suite 208,

San Diego, CA 92103

Phone. 800-589-3078

Email. info@flatfeetaxservice.us