Over Due Taxes + Options To Settle Tax Debt + Former IRS

April 28, 2016
Written by: Jim Magary
Fresh Start Tax

 

The affordable tax firm who can take care of your over due  tax liability and back taxes.    Since 1982.    A plus Rated BBB

 

There are various options available to taxpayers who have over due tax liabilities.

As a former IRS agent and teaching instructor there generally six ways to cope with these outstanding taxes. It is important for taxpayers to know the different methods to go ahead and help resolve your IRS tax debt. The more you know in the more informed you are the better the results as we strive to achieve the very best situation for you.

We are a full service tax resolution firm that have some of the finest experts in the industry. We have worked thousands of cases since 1982.

Taxpayers must know they must develop an exit strategy to go ahead and to sooner or later extinguish the tax liability.

Settlements with the IRS come in different ways. Not everyone can settle their debt for pennies on the dollar.

The Six most common ways that taxpayers will eventually opt into are the following.

1. taxpayers will eventually borrow the money to pay the tax often full,
2. taxpayers will enter a payment plan with the Internal Revenue Service,
3. taxpayers will have their cases put into an IRS hardship are currently uncollectible,
4. taxpayers will settle their debt to the offer in compromise program,
5. taxpayers will file a Chapter 7 bankruptcy proceeding,
6. while lastly the ten-year statute of limitation may expire and the debt will go away permanently.

If you are dealing with an over due past tax liability and need to have your case reviewed for free initial tax consultation call us today to speak to true IRS experts know exactly how to deal with back tax debt.

 

We are a full-service firm with a specialty in IRS and state tax resolution.

 

It is important for taxpayers to know that any time you have an outstanding tax liability that Internal Revenue Service will want all tax returns filed upon their initial text contact.

This is so-called full compliance check.

If you need help with the filing of your back taxes, call us and we can prepare your tax returns with or without records.

Some IRS tax statistics.

For tax payers with outstanding liabilities the IRS tax statistics show that 40% of all open IRS collection cases are put into a currently not collectible or hardship case status, 6.5 million people enter into monthly installment payments, and 38% of all those who file offers in compromise get accepted for an average settlement of around $5000.

Call us today for free initial tax consultation. When you call our office shall speak to a true IRS tax expert.

 

Over Due Taxes + Options To Settle Tax Debt + Former IRS

 

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