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The Many Ways to Settle Your IRS Tax Debt

The Many Ways to Settle Your IRS Tax Debt

There are more ways to resolve your IRS Tax Liability than the IRS will tell you about.

The truth is that some people call the IRS, set up a payment plan, are paying outrageous amounts of interest and penalties, that add up to thousands more then they should be paying. These people a trying to do the right thing, pay their debt, however, the IRS is not obligated to explain to you how to repay your taxes as quickly and as little as possible https://fasttaxhelp.org/irs-penalties-and-interest-abatement/.

What most consumers fail to take into consideration is that when you owe money for back taxes, you do not owe the IRS money, you owe the money to the United States Department of Treasury. Back taxes or otherwise known as past due taxes are collected by the IRS, the third-party debt collector for the United States Department of Treasury.

When you call into the IRS their job is to collect the debt, they are not there to explain to you how to use the system to repay as little as possible, how to pay what you owe back on your terms and certainly not how to settle your taxes for pennies on the dollar https://fasttaxhelp.org/what-is-tax-resolution/.

Payment plans with the IRS can be spread out between 1 day and 10 years depending on the situation. Some consumers are required to make very large monthly payments and some only a small payment. Settling your IRS Tax Debts, or never paying back a single dollar is also an option for millions of Americans. The question is do you know what your rights are before the United States Department of Treasury. The Fast Tax Help Programs are the answer to your IRS and State Tax problems, penalties and interest are killers. Getting the problem corrected now can save you thousands, waiting is never a good idea.

Most consumers do not realize that in many cases if your credit is already low because of credit card debt, medical bills, a foreclosure or other debts that you can file a bankruptcy and release all your state and federal income taxes. There are rules of course as to when you can file a bankruptcy to get rid of your IRS or State Tax Balances, as well time limitations. If you are considering a bankruptcy you should consult with one of our Federally Licensed Enrolled Agents before doing so.

When it comes down to settling your IRS or State Tax debts, don’t wait until you are garnished, your bank accounts have been levied or the IRS is sending you threatening letters. Start now, before the real nightmare begins. The longer one waits the worse it gets and the more expensive the resolution will be.

Nobody wakes up and says to themselves “today is the day I am going to resolve my IRS Tax Debt”! However, everyone that owes the IRS or State past due taxes worry about how to fix the problem. Anyone that says they are not isn’t being honest with themselves.

The best advise one can give is start now, put this matter behind you before it gets worse and get your financial life back on track!  For more information visit https://fasttaxhelp.org/fast-tax-help-form/.

 The author’s email is info@fasttaxhelp.org.  For blog information visit www.fasttaxhelp.org