The Best Way to Settle Your IRS Debt


Irs tax relief

Owing the IRS $25,000 a good reason to see about hiring a tax attorney. Even if you just owe $10,000, you do not want to let your tax debt go to long. The IRS adds penalties, which will drive your tax bill up even higher. Once that happens there may be no way to pay your tax bill, but the good news is that there is a tax abatement process than your IRS tax attorney can begin for you. Using a tax attorney at a tax resolution firm is helpful if you are looking for IRS tax relief. Back tax help is quite affordable and you can even find tax relief help that allows low cost payments for their services.

If you are experiencing an IRS wage garnishment, a tax resolution service offers help to stop wage garnishment. A wage garnishment is a court order for an employer to deduct a certain amount of money from the paycheck from the employee’s wages each month in order to satisfy a tax liability. Having your wages garnished is the most common reason why people go for IRS debt relief help from an IRS tax debt settlement service.

A tax resolution firm offers IRS tax debt settlement services. Even if the taxpayer does not qualify for a settlement based on Effective Tax Administration, there is always the Offer in Compromise (OIC) option that the IRS tax debt settlement services can draft. There are certain rules that apply however for a OIC. For instance, as of July 15th 2006, every OIC had to include a 20 percent non refundable payment, along with a $150 one time fee.

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