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Tax Solutions
Tax Solutions

No matter what your problem is with your taxes there are tax solutions!  There always is. The IRS and states have put in place many different programs to allow any taxpayer in just about any situation to resolve a problem. The worst thing you can do is to ignore the tax problem and not take action. If you owe the taxes and cannot pay there are various ways to resolve the problem depending on your specific financial problem and amount owed, whether it is settling for less than is owed or paying back the taxes owed through a monthly installment agreement, or simply putting collections on hold until your financial situation improves.

Tax Payment Options

There are many different payment options you can pursue if you cannot pay in full or on time. Once an agreement is setup you will be considered to be in good standing on your taxes even though they have not been paid off yet. If an agreement is not setup you will be charged additional penalties for not having some sort of agreement setup.

Offer in Compromise

If your financial situation is very poor and you feel you may never be able to pay off the taxes owed then it is a possibility you will be able to qualify for an offer in compromise in which you will be able to settle the taxes owed for less than the total amount owed. In most instances the IRS will not accept and Offer in Compromise but it is available to those taxpayers whose situation are so bad that it would be unfair to hold them liable for 100% of the amount they owe.

penalty abatement

If you feel you should not be held liable for the penalties you have been charged on taxes owed or penalties for unfiled taxes, it is possible to get these penalties removed. Penalties are a mechanism the IRS uses to scare taxpayers to stay in compliance with the laws and the IRS understands that there are legitimate circumstances a taxpayer should not be held liable and they have therefore created penalty abatement.

Innocent Spouse Relief

This is a rare form of tax relief and only applies to those taxpayers that have filed joint tax returns in which they have a tax amount owed and they feel the amount owed should be the responsibility of the other spouse. When a joint return is filed both taxpayers are held liable for the entire amount owed. With innocent spouse relief, the tax liability can be placed entirely on one of the spouses or can be separated so both individuals are not jointly responsible for the entire amount.

Uncollectible Status

There are times in which the IRS understands it would not be fair to collect the taxes owed at a certain point in time because it would create unfair financial hardship on the taxpayer. The IRS will declare taxpayers currently not collectible for a period of time until their financial situation improves enough for them to pay their taxes.

 

For More information on tax solutions for your particular case, contact the IRS at www.irs.gov

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