IRS Debt
Tax Debt Settlement Is Real!
The IRS has expanded programs for taxpayers to settle their debt. Unfiled returns, current IRS debt, even levies and garnishments can be dealt with but there is a very specific process that has to be followed. There is no “one size fits all” solution. Our expertise is in evaluating your individual situation and helping you find the best mechanism to get your problem resolved. Listed below are a few of the options:
- Offer in Compromise – Sometimes the IRS will settle your debt for less than you owe. Unlike the commercials and radio ads this is not for everyone. We can step you thru the process to see if you qualify
- Penalty Abatement – This is when the IRS reduces or forgives the penalties it has charged you. This is a very common method for dramatically reducing your debt.
- Partial Installment agreements – We can help you set up a payment plan with the IRS that is based on your ability to pay. This is an excellent way to stop collection methods like garnishments and levies and give you a way to move forward.
- Uncollectable status – Sometimes we can get the IRS to evaluate your situation and agree to stop collection activities even without making payments. If the IRS is convinced that you truly cannot pay anything they will stop all collection activities.