Its that time of year again, 1099’s, W-2’s and K-1s are coming out making it time! For consumers and small businesses that have past due tax problems with the IRS, this is a time of year when worry takes control of your lives, keeps you up at night and leaves you in a daze wondering where to turn and how this will ever come to an end.
The IRS is a collection agency for the United States Department of Treasury. The IRS has a code to collect by, as well consumers have taxpayer rights, in the end, it all comes down to engaging the IRS and resolving the matter before they do it for you. Almost every taxpayer that has ever come to us for assistance did not come when they filed the return and did not mail a check with it. Almost every client comes to us years after, once collections have begun, once the penalties and interest have doubled the debt. Procrastination is the biggest enemy of those that owe money to the IRS. Hiring a Federal Licensed Enrolled Agent immediately is the best life changing decision you can make when you owe the IRS money https://fasttaxhelp.org/2672-2/.
One of the most common tax relief ads on television these days is the pennies on the dollar settlement agreement, otherwise known as an Offer in Compromise, which most never qualify for https://fasttaxhelp.org/the-elusive-offer-in-compromise/. However, the IRS has many programs to resolve your tax liabilities https://fasttaxhelp.org/what-is-tax-resolution/. If we were able to set up your back taxes into an IRS payment plan of $30.00 a month and you had to pay that $30.00 for the next 6 years and you owed $23,000 that is a much simpler way to resolve your tax liability than trying to settle your debt for pennies on the dollar and it’s a program that if you qualify for the IRS cannot refuse. The Offer in Compromise has a poor success rate, many of the Offers submitted are denied. Now you have paid a tax professional thousands of dollars to submit the Offer in Compromise and still owe the taxes, back to square one.
Think about the resolution I just suggested which is a program the IRS offers based on your ability or lack of ability to repay what you owe. If your struggling to make ends meet and we set you up with a $30.00 payment with the IRS which would stop when the tax liability expires (10 years from the date you filed the returns) you would pay back a few thousand dollars over the years to come at the rate of $30.00 a month and saving tens of thousands of dollars.
There are a dozen ways to save a consumer money. Do not fall for the TV ads that sound too good to be true. Call us, speak with a Federally Licensed Enrolled Agent and figure out what options are available to you and how best to resolve your tax matter. How would you feel next April to know you no longer have to worry about the IRS again?
To contact us please call 561-293-3135. We serve all 50 states and the territories of the United States.
The Author’s email is info@fasttaxhelp.org. For blog information visit www.fasttaxhelp.org.
