IRS Debt Settlement

There is Such a Thing as IRS Debt Settlement

Most often people assume that when they owe money all debts are the same. It is money owed and usually the debts come with varying interest rates. When it comes to owing the IRS, however, it should not just be considered as just another debt since you may be eligible for a IRS tax debt settlement. This is a debt that keeps on growing with penalty and interest fees and accumulation of future taxes owed on a yearly basis. IRS tax representatives are zealous at their job, which is the collection of money owed to the government for back taxes. The non- stop phone calls, stacks of tax notices, and even the threat of court action are a common occurrence for individuals in tax default. Most people want to pay their back taxes, but they simply do not have the extra money to be able to do so. They begin to feel helpless and out of financial control, and this is where taking the opportunity that an IRS debt settlement offers can totally change things around. The best way to tackle any financial problem is to become informed of the details surrounding it. Taking a look at your tax debt you are probably thinking…
  • Nobody can negotiate with Internal Revenue Services.
  • Whatever money the IRS says you owe is 100% accurate.
  • If I don’t pay this debt quick I could lose my assets or go to jail for tax evasion.
These are just some of the common fears that some individuals that owe back taxes have. When you add these to the incessant tax collection methods used by the IRS it makes life very unpleasant. The good and factual news is, that first these three plaguing thoughts are inaccurate. Secondly an IRS debt settlement can bring the solution needed to lift this financial burden once and for all. A lot of tax payers don’t realize that the IRS has the authority to negotiate on the amount of money owed on taxes for an individual. It is not something that IRS agents make known. It is not an alternative that they will openly offer an individual who is struggling financially. Every entity that has anything to do with finances is at risk of making a mistake and the IRS is no exception to the rule. If you owe money for back taxes, you should not just assume that the amount you have been assessed as owing is correct and this is where a tax attorney can be very helpful. Finally, the last concern of not paying your debt and ending up facing legal action is a possibility. Going to jail is unlikely unless you have willingly taken steps to file false tax returns or have evaded paying taxes through fraudulent means. The solution to your tax problem could very well be an IRS debt settlement. Now knowing that some of the misconceptions you had concerning the IRS are not accurate, it will make the tax debt settlement solution much more acceptable. It is natural to feel skeptical when someone tells you that there can be tax debt relief, because the IRS is viewed as such an authoritative governing body.

The IRS Debt Settlement Solution…

As said the IRS has the authority to negotiate albeit perhaps unwillingly. When the tax experts who are experienced and are able to negotiate on your behalf take control of your tax situation, then it becomes a different matter. These negotiations can be difficult, and can only be carried out successfully by those tax experts who know what power of negotiations the IRS truly has. Tax specialists never take anything for granted when it comes to the bottom line of what is owed by the taxpayer. Even if you have had your taxes prepared by a professional, we as your IRS debt settlement negotiator will review the accuracy of the assessments of the amount you owe. The Internal Revenue Services are specialists in their field of work which is collecting the money you owe. Their expertise demands specialists in IRS debt settlement solutions to negotiate a potential reduction in the amount of back taxes you owe, and a payment plan that is workable. If you owe money to the IRS, then you cannot afford to leave it another moment. There is no need to when there is such a big possibility of getting this financial burden off your back.

Attorney Timothy Hart

Timothy S Hart, the founding partner of the tax law firm of Timothy S. Hart Law Group, P.C. is both a New York Tax Lawyer & Certified Public Accountant. His area of expertise includes innovative solutions to solve your Internal Revenue Service and New York State tax problems, including tax settlements through the Federal and New York State offer in compromise programs, filing unfiled tax returns, voluntary disclosures, tax audits, and criminal investigations. [ Attorney Bio ]