Tax Solutions: Options to Resolve Unpaid Taxes
Dealing with unpaid taxes can be scary and overwhelming. But don’t worry. The IRS has a lot of programs to help taxpayers who’ve fallen behind or who can’t afford to pay. Here are the main IRS tax solutions and links to pages with more information.
Regardless of what’s happening or how much you owe, we can help you find the best solution for your tax situation. To get help, contact us at The W Tax Group today.
Currently Not Collectible
Also called hardship status, this program is only available to taxpayers who have very limited income and assets.
Back Taxes help
If you cannot find a way to pay off your back taxes in full, we can help you negotiate an arrangement with the IRS.
Innocent Spouse Relief
When you file as married filing jointly, you and your spouse are jointly liable for the tax bill. In certain situations you may qualify for relief for innocent spouses.
IRS Fresh Start Program
The Fresh Start Programs help you resolve your tax liability so that you can get a fresh start with the IRS.
Installment Agreement
An IRS installment agreement is when the IRS agrees to let you pay off your tax liability in monthly payments.
Offer in Compromise
An offer in compromise can be difficult to qualify for, but if you meet the criteria, it can save you a significant amount of money.
Partial Payment Installment Agreement
This is a hybrid between the installment agreement and the offer in compromise.
IRS Amnesty Programs
The IRS allows eligible taxpayers to avoid criminal prosecution through the voluntary disclosure program. To qualify, you must make a disclosure before the agency contacts you. The agency also has other amnesty programs that can help you reduce penalties and consequences.
Penalty Abatement
The IRS often removes or abates penalties, especially for first-time offenses. But you must apply for abatement.
IRS Tax Appeals
If you don’t agree with an IRS decision, you have the right to an appeal. This guide will go through how and when to file an appeal.
Why Use an IRS Lawyer
An IRS tax lawyer can help you deal with the IRS. They can help you identify the best tax solution for your situation and negotiate the best possible outcome with the IRS. Learn more about when and why you should use an IRS tax lawyer.
To learn more about IRS tax solutions, contact us at The W Tax Group today. We will start by learning more about your situation, and then, we’ll help you find the best solution and negotiate arrangements with the IRS.