IRS Announces Unprecedented Opportunity for Recession-Burdened Americans to Settle Outstanding Tax Debts
With tax season quickly approaching, the IRS has announced that it will be providing help to those Americans struggling to meet their tax obligations this year. This means that distressed taxpayers plagued by mounting medical bills, heavy reliance on Social Security assistance, or recent job losses may now be eligible for a tax break. Struggling taxpayers may be eligible for relief as IRS eases enforcement and collection efforts to help Americans in financial distress.
I know this is a difficult time for many Americans facing financial hardship, but with the IRS pledging to offer greater flexibility to troubled taxpayers, there’s a unique opportunity for Americans to get the tax help they need now to resolve their IRS debt.
If you cannot afford to pay your taxes, the IRS encourages you to contact them directly. However, I recommend consulting with a highly qualified tax professional first.
Taxpayers who owe more than $25,000 to the IRS will be required to provide full financial disclosure, and they will need to hire specialized tax resolution experts to negotiate on their behalf. Additionally, tax relief professionals can help you negotiate an Installment Agreement where you pay your liabilities over time, while arranging for the lowest possible monthly payment and providing you with various options for making those payments.
If you cannot afford to make monthly payments and don’t qualify for another type of tax relief, such as an offer in compromise, know that there are other options including negotiating that your account be placed in a “currently not collectible” status so that you will not be required to make payments and the IRS will not pursue collection action.
If you are in trouble with the IRS, our specialized staff of attorneys, CPAs, EAs and tax professionals can help. Visit the Tax Resolution Services web site for a free tax relief consultation or call us at 866-477-7762.
More Tax Help, IRS News and Tax Relief Tips:
- We’ve Expanded to Help More Taxpayers Resolve Their IRS Tax Problems!
- How to Negotiate an IRS Installment Agreement and Set Up a Payment Plan for Your Tax Debt
- KLOS Tax Tip #44: Individuals Get a Tax Break – But Get Tax Help if You Owe Back Taxes!
- Michael Rozbruch Interviewed in Opportunist Magazine
- Melt Your IRS Fears Away – Tax Help if You Can’t Afford to Pay Your 2008 Taxes
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