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Tax Forgiveness For A Tax Debt You Can't Pay

Perhaps the IRS's best-kept secret is that you can be forgiven of tax debt you owe but cannot pay. There are four programs of tax forgiveness and millions of people have used these programs.

TAX FORGIVENESS ONE - "The Currently not Collectible Life Jacket"

If you owe taxes but are either unemployed or underemployed and cannot make a payment, you can make a request for "hardship". This called Currently not Collectible. This is the process the IRS uses to freeze the collection enforcement. The IRS will cease any attempts to enforce collection in order to give you time to get back on your feet financially.

While it is not a permanent tax forgiveness of your tax problem, it does help greatly by stopping wage levies, bank levies and property seizures. To obtain Currently not Collectible status, you need to file a financial statement on Form 433A for individuals, and Form 433B for businesses. The financial statement shows the IRS that all the money you earn is needed to provide necessary living expenses for you and your family. Currently not Collectible status helps you to stay afloat until you are able to pay the tax or apply for forgiveness under another program.

The down side is this: The IRS will file a Federal Tax Lien which will affect your credit rating.

IRS Garnishing Wages - IRS Settlement - IRS Tax Relief

When you have the IRS garnishing wages, when you have need to settle with with the IRS, your IRS solution is the best IRS help team at Flat Fee Tax Service, Inc. Our IRS Tax Attorney(s) will protect you while our experienced team of IRS tax professionals work on settling with the IRS.

TAX FORGIVENESS TWO - "Pennies on the Dollar"

Using this program, the Tax Lawyers at Flat Fee Tax Service, Inc. have settled countless cases for less than 10 cents on the dollar. This tax forgiveness program is called the Offer in Compromise.

IRS STATISTICS SHOW 42% APPROVAL RATE FOR ALL OFFER IN COMPROMISE SUBMISSIONS.

95% OF FLAT FEE TAX SERVICE, INC.'S CLIENTS HAVE BEEN APPROVED FOR AN OFFER IN COMPROMISE.

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Under the Offer in Compromise program, you settle your case for a lot less than you owe. The tax forgiveness settlement amount is determined on the basis of what you can afford to pay. A simple example: suppose you owe $50,000 but you can afford to pay just $10,000. In that case, you'd settle for 20 cents on the dollar.

This process has saved taxpayers literally billions of dollars in tax debt, penalties and interest they could never otherwise have paid. This allows them to get back on tract as productive, taxpaying citizens free of IRS enforcement and the nagging presence of IRS liens.

There are three different Offer in Compromise programs. The most common is based upon your ability to pay. It's called an offer based upon doubt as to collectibility. Under this tax forgiveness program, you settle for what you are able to pay, rather than what you owe.

Under the second tax forgiveness program, you're able to challenge the amount of the actual debt and settle for what you actually owe, not what the IRS says you owe. This is called an offer based upon doubt as to liability. This is especially helpful for victims of a bogus tax audit.

The third tax forgiveness program allows you to pay a lesser amount if full payment of the tax would put you into a position of financial hardship in the future. This is called an effective tax administration offer. This is very helpful in cases if you are elderly, have sufficient equity in your house to pay the tax, but full payment would wipe out all your resources and make if difficult or impossible to provide for future living expenses.

TAX FORGIVENESS SUMMARY:

The vast majority of people who owe taxes are honest people in financial trouble through no fault of their own. They need tax forgiveness help now. Struggling taxpayers need a way to solve their tax problem. Continued IRS garnishments, levies and seizures is not a solution to your problem. It just drives people underground. When you force people to make a choice between paying taxes and feeding their family, they will feed the family every time.

By offering a reasonable tax forgiveness program, these people are brought back into the system as productive, taxpaying citizens. This is far more desirable than hiding in the underground economy or living on government assistance.

On the threshold of establishing these tax forgiveness programs, the IRS Commissioner at the time of Offer in Compromise inception stated that "you can't get blood from a turnip, and when we're dealing with turnips, we're better off cutting our losses and moving on."

FLAT FEE TAX SERVICE, INC.'S TAX FORGIVENESS HOTLINE: 1-800-589-3078

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Flat Fee Tax Service

3200 4th Ave., Suite 208,

San Diego, CA 92103

Phone. 800-589-3078

Email. info@flatfeetaxservice.us