Through offers in compromise, formerly known as the Fresh Start program, the IRS offers several options for repaying back taxes. Taxpayers have options: an installment-payment plan, periodic payments, a lump-sum settlement, and temporary delays in collection. Being proactive about resolving your bac...
When you fall behind on your income tax payments, the IRS may let you set up a payment plan, called an installment agreement, to get you back on track. It is up to you, however, to take that first step and make a request for the installment agreement, wh
That’s every year, some people who are due money back from Uncle Sam still put off finishing their taxes. But there are other reasons in addition to plain procrastination to wait to file your taxes. Here are five. 1. To allow for all your tax statements to arrive. We’re almost at ...
But not everyone will float out of harm’s way. If you owe the IRS back taxes, remember to accurately file your returns. 1 2 3 4 PrevNext Personal & Business affordable tax relief services Tax Resolution Owing back taxes to the IRS or State is frustrating and intimidating. We take the ...
IRS Sees Solyndra Plan to Avoid Taxes; Officials Focused on Net Losses
After filing a Power of Attorney, we will work with the IRS and/or State tax authorities to determine a potential plan for you. TAX RESOLUTION Negotiate with the IRS and/or state based on our investigation, in Step 2. We will also work with you to keep you compliant with your taxes go...
Set up an appropriately structured payment plan limiting penalties in the future. Finding a qualified and trustworthy Tax Lawyer to help you with your back tax debts can be overwhelming There is hope if you’re one of the millions of individuals or businesses who owe back taxes but can’t af...
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If you are unable to pay the full amount, you can still file for an extension and explore payment options with the IRS, such as a payment plan or an offer in compromise. It's always best to file your tax return on time and pay any taxes owed to avoid potential penalties and interest...
An installment agreement is essentially an agreed upon payment plan to get your tax debt paid off with the IRS. Installment agreements can be a fabulous option to get rid of your tax debt through set monthly payments. As long as you meet your obligation of the agreement, the IRS will not...