Failure to Pay Owed Taxes

The majority of income tax issues including unfilled returns and unpaid liabilities are best resolved using one of the following five methods: Call 855-913-0249 for tax consultation. If your debt is very large, you can apply for an Offer in Compromise with the IRS.

Tax debt relief is opted for by people who have somehow failed to file their returns, which in result have made them liable to pay a repayment of back taxes. This is no doubt a severe and frightening state of affairs. This may occur due to various reasons. Call 855-913-0249 for tax consultation.

 Preparing an Tax Installment Agreement. 
 Placement into Tax Currently Not Collectible (“CNC”) Status. 
 Preparing a Tax Partial Pay Installment Agreement (“PPIA”). 
 Preparing an Offer in Compromise (“OIC”). 
 Filing for Bankruptcy - (under the 3-year rule, 2-year rule or 240-day rule.

There is good news for people feeling the weight of tax debt.

You have several different options for handling your debt to the IRS, and you can often do so without sustaining a black mark on your credit. 

If you have less than $10,000 in outstanding tax debt, you can consider handling your debt on your own. However, if you have more that that, especially more than $25,000 it is highly recommended that you find a tax professional to help you negotiate your debt with the IRS.

A tax professional is a certified public accountant (CPA), an "enrolled agent," or a tax attorney. Call (844) 449-8473 now for free tax relief quote. These are the only tax professionals that are allowed to appear before the IRS to argue your case. An enrolled agent can practice in any state, but CPAs and attorneys can only practice in the state where they are licensed. If you have state tax debt from more than one state, find an enrolled agent to help you. Otherwise, you will be fine with a local CPA or attorney.

You did not commit fraud or tax evasion: Your debt must arise from a legitimate accident or a simple inability to pay. Your debt is at least three years old: You cannot discharge IRS debts unless they are at least three years old at the time you file your bankruptcy. Call (844) 449-8473  now for free tax relief quote. You filed a tax return for the years in which the back taxes are owed: Non-filers receive no clemency. You pass the "240-day" rule: This means that your tax debt must have been assessed at least 240 days prior to your bankruptcy, or it has not been assessed yet. If you do not meet all of the above criteria, then you will still owe the IRS 100% of what's due following a Chapter 7 bankruptcy. Tax debts can be part of a Chapter 13 bankruptcy, but you do not get to lower the total amount due - you will still owe the outstanding balance at the completion of your Chapter 13 program. In short, it is much better to pursue one of the options outlined below if you have overwhelming tax debt.

Does tax debt relief work? Call 855-913-0249 for free tax consultation.

Does tax debt relief work?

Tax debt settlement is also a legitimate form of relief. However, it’s not as common as you might think. 

Call 855-913-0249 for free tax consultation. 

The IRS doesn't have any statute of limitations on collection like you see with other types of debt. 

As a result, they’re willing to be patient and wait for you to have the means to pay them back. You only qualify for an OIC if you can show the IRS that there is no reasonable expectation that you can repay the full amount owed.

Call 855-913-0249 for free tax consultation. 

For instance, tax debt forgiveness sounds great, but the only way you really qualify for it is through Innocent Spouse Relief. Unless you can prove a spouse incurred the tax bill without your knowledge, forgiveness without at least some repayment is unlikely.

Most tax debt relief happens through a combination of penalty abatement and setting up an Installment Agreement. You pay off everything you owe. However, you reduce the penalties to minimize the cost. Then you spread out the remainder and pay it back in monthly installments over time. It can take a few years, but you’ll be out of debt and straight with the IRS.

Call 855-913-0249 for free tax consultation. 

Currently Not Collectible (CNC) status can also provide relief if you don’t have the means to pay. As long as you can show that you can’t afford to pay your back taxes, the IRS will stop collection actions. That means you won’t receive another Notice of Federal Tax Lien against your property or worry about levies draining your accounts.

Settle Your Back Taxes for pennies on the dollar.

We Settle Your Tax Problems

X-pert Tax Resolution provides professional tax negotiation services and has over 30 years of experience assisting people resolve their IRS issues. Our tax specialists were once IRS agents themselves and know precisely how their systems work, and more importantly, how to negotiate with them to receive the maximum benefit for your circumstance.  We are dedicated to finding permanent relief to your tax burden regardless of how much you owe.  Common solutions achieved through Tax Settlement are: Resolving Tax Liabilities Set Up Installment Plans Stop Wage Garnishment Offer In Compromise Stop IRS Levy or Seizure Preparing Unfiled Tax Returns Based upon a fast and easy phone consultation, we will be able to share with you a strategy for resolving your delinquent taxes. Your confidential IRS debt analysis is absolutely FREE.

Tax debt relief

Tax debt relief is opted for by people who have somehow failed to file their returns, which in result have made them liable to pay a repayment of back taxes. 

This is no doubt a severe and frightening state of affairs. This may occur due to various reasons. It might be an emergency such as individual or family illness, death in a family, change in economic condition, and lack of budgeting or lavish lifestyle. In these situations failure to pay the money or underpayment are the two most common things to happen. And if this thing really occurs one should fix it as early as possible that is because some forms of non-payment are liable to be punished by imprisonment for every year of taxes that has not been paid.

Tax debt relief is the best solution that one can go for if he or she has failed to pay the taxes in time. There are several tax debt relief agencies that offers tax settlement plans so that their clients may come out of their debt quickly. They have specialized professionals who work round the clock to help out their clients. Government also on the other hand has many provisions for the people who have their taxes due. An underpayment is easier to pay back than the person who has just refused to pay the money. With the help of a professional mediator one can reduce his or her payable amount to a smaller fee, which will enable the government to get back a portion of the money that is owed.

Tax debt relief may often call for legal proceeding that is why a proficient lawyer who is qualified in this field is indispensable. The professional attorney can help to get the relief without imprisonment. Whatever the reasons be, taxes due are always offensive in the eyes of law. The tax collectors in the first hand send legal notifications which if not answered leads to the prosecution and the professionals best handle these situations.
 Conditions that lead to inescapable delinquency are always unacceptable but not beyond negotiation which can be done with the help of a professional tax debt relief help. A proper Tax debt relief program provides quite a few pertinent assistance such as embellished salary, bank charges, bankruptcy among other circumstances. 

A responsible citizen should never ignore to pay tax. Even if he or she failed in first position, a solution should be tried to find out and the amount should be paid back. The person who has failed to pay his or her tax for the first time shall also have to plan certain things for future so that it might not happen again. A tax debt relief might work first time but it should be kept in mind that government is always willing to help people but those who commit the same mistakes again and again shall be considered irresponsible and be put on trial. That is why it is always advised to have a certified help plan for the future payments.