Taxes are an annual requirement for people in the United States. While they can be frustrating and overwhelming, it’s important to file your tax return and pay your tax bill every year. Those who fail to do so will find themselves with loads of trouble from the IRS or state taxing agencies. If you have tax issues, you may be eligible for one of the federal tax relief programs. Click here to see the options that are right for you.
The IRS tax forgiveness program is part of the United States government offer-in-compromise for taxpayers. Through this tax relief program, taxpayers who qualify may be able to settle back taxes for less than they owe. The tax forgiveness program is not a guarantee for all taxpayers. If you would like to be considered for the offer-in-compromise program by the IRS, you will need to meet their requirements and prove that you are qualified for the program. This program, and other tax relief programs, give qualified taxpayers an opportunity to settle their back taxes.
Understanding the Offer-in-Compromise
The offer-in-compromise program, also known as the OIC, was designed to help taxpayers and the IRS. While it provides relief and settles the tax bill of delinquent taxpayers, it also helps the IRS collect overdue taxes. This, and other tax relief programs, were added into the tax code to show taxpayers that the United States government is becoming more lenient and flexible when it comes to delinquent taxes. Through these programs, the IRS has been able to increase the amount of tax money that is collected while reducing the negative impact on those who owe the money.
Qualifying for IRS Forgiveness
Those who have a delinquent tax bill and are looking for a way to settle their taxes may want to apply for an IRS Forgiveness program. There are certain qualifications that applicants must meet in order to be approved by the IRS. Taxpayers need to owe at least $10,000 in back taxes to the IRS in order to qualify. They must also show proof of their inability to pay the amount that they owe in the required time period.
If you apply for an offer-in-compromise or another tax relief program, you will need to provide documentation to back up your claim. The IRS will look at your financial situation, including your assets and potential income, in order to determine whether you are capable of paying the full amount in a reasonable period of time. After reviewing your information, the IRS will decide if it is in their best interest to settle for less than they are owed. If they determine that it is, they will approve your application for the IRS tax forgiveness program.
Professional Tax Relief Help
Finding yourself in a situation where you owe back taxes can be a bit frustrating and overwhelming. You may not know where to turn or what your options are, making it difficult to take steps towards resolution. Unfortunately, the longer you put off settling your taxes, the more penalties and interest you will owe. You could face wage garnishment, bank account levies or tax liens, and other forms of punishment. Getting help and advice for dealing with the IRS and seeking tax relief often makes a world of difference. There are tax professionals who can help you with your tax debt needs. These tax professionals include enrolled agents, certified public accountants, and tax attorneys. They specialize in tax law and are able to represent their clients in front of the IRS and other state tax agencies.
Tax professionals have the licenses and qualifications to handle all types of tax issues. They will be able to give you advice on your tax situation and help you apply for tax relief programs. While you may be able to handle your tax situation on your own, hiring a tax professional can provide peace of mind. Having someone on your side who knows the ins and outs of tax law, regulations, and tax forgiveness qualifications removes the ambiguity of seeking tax relief.
Tax professionals help with multiple aspects of tax return filings and tax relief. They can assist with audit representation, penalty and fee reduction, as well as ending tax liens, bank account levies, and the removal of wage garnishments. Seeking the assistance of a tax professional can help you understand your options for tax relief and whether you will likely qualify or not. They will walk you through the process of applying for an IRS forgiveness program, such as the offer-in-compromise program, and will represent you if needed in front of the IRS.
The IRS Tax Relief Network for Expert Tax Relief Assistance
The IRS Tax Relief Network is a team of experienced tax professionals with the skills and ability to help you with any tax issues. The IRS Tax Relief Network has expert tax attorneys, CPAs, and enrolled agents on hand to assist you with your specific tax debt needs. Whether you are looking for legal representation in a criminal case or you are seeking guidance as you apply for tax relief, the IRS Tax Relief Network is the best place to turn.
At the IRS Tax Relief Network, we can help with any tax needs, from IRS representation to tax relief advice to basic tax filings. We help you get the tax breaks you deserve, including the child tax credit, the earned income tax credit, and any other federal tax credits. For previously filed tax returns, we ensure that you received every tax credit you were owed. Our team is experienced in helping taxpayers just like you accurately file their taxes and apply for tax relief programs for their debt. We will help you understand if you are likely to qualify for a federal tax forgiveness program and will walk you through the process of applying.
The IRS Tax Relief Network is a reputable company with proven results. We have helped our clients get the resolution they need in order to get out of debt and move towards financial freedom.
We have transparent pricing, open communication, and a team of tax professionals available when you need them. Instead of dealing with your tax situation on your own, the IRS Tax Relief Network is here to help. Find out if you’re eligible for an IRS forgiveness program with your free consultation at the IRS Tax Relief Network.