Need Help Due to Problems with IRS Tax Penalties?

Help with back taxes

If the IRS puts a tax lien on your property it means they have a legal claim to take part of the proceeds from the sell of your property when you sell it. That can only happen if you fail to pay your tax debt though. There are ways to remove tax lien claims put on by the IRS. You can also stop wage garnishment, so if the IRS gives you notice that they are garnishing your wages, don’t think think that there is nothing you can do about it.

One thing for sure is that you can negotiate with the IRS to get them to settle for less than you owe. An “offer in compromise” can be made, but it has to be based on a theory of Doubt as to Liability or Doubt as to Collectability. Effective tax administration is also a consideration. If you don’t have a clue what these terms mean, you should go get professional help with back taxes. You will be amazed a the IRS debt relief you will learn about. Tax relief help is available with tax resolution firms that have experienced tax attorneys on staff.

As of 2006, an Offer in Compromise requires an up front 20 percent non refundable fee that has to be submitted along to the IRS with your cash offer for settlement. If you need information about tax penalties, information about tax penalty abatement is something you can ask about too. Tax penalties can add up quickly. However, professionals know of ways to lower tax penalties too. Find out more by contacting tax resolution services to inquire about what to do about tax penalties today. For more information, read this website.

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