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IRS Tax Relief Options | Flat Fee Tax Relief | Florida | United States

Updated: Aug 11, 2020

1. Pay the IRS in Full - This is the most obvious answer to your IRS problem. However, if you had access to the funds to pay the IRS in full, you would not have a levy and you most likely would not be here now. So, let's move on.

2. Agree to an IRS Installment Agreement - You can stop IRS tax levy and be released by entering into a payment plan. Anyone can call the IRS and agree to a payment plan, but an experienced tax professional and IRS problem solver can file an appeal to stop a tax levy. Flat Fee Tax Relief (Flat Fee Tax Service) provides very affordable IRS Tax Debt Help to stop IRS tax levy and assist you in finding the right solution for you.

How to Get Tax Relief from the IRS - Like many Americans, you may be struggling to keep up with paying off all the tax debt that you owe the IRS. Unfortunately, the more money you owe and the longer your taxes are outstanding, the more trouble you could be in. Luckily, there are channels you can go through in an effort to gain some level of IRS tax relief.

Getting Back to the IRS’s Good Graces - The IRS recently announced an expansion to their Fresh Start Initiative to help taxpayers who owe taxes. The agency has been taking steps to offer new tax relief to those who are unemployed, and are making installment agreements more widely available to more Americans.

Set up a payment plan. You might be able to take advantage of an installment plan if the IRS allows it. Many lenders are willing to work with consumers who owe taxes because it helps them recover their funds faster, and it helps consumers save money because collections efforts are ceased.

Tax Settlement. This means that you make a one time, lump sum payment to the IRS for a portion of the taxes that are outstanding. The IRS allows this because it gives them a chance to completely halt collections actions against you. It’s a win-win situation: they get some money back so that they can show a "collection," and you save money by not having to pay the total amount.

Consider a tax compromise. Similar to a settlement, a tax compromise is a one-time payment made to the IRS than the entire amount owed. The IRS determines your ability to pay your debt, which means they look at all the capital you have pay them right away.

Consider tax abatement. This program is called a Penalty Abatement and basically tax forgiveness where you’ll have the chance to lower your entire liability or boost your deductions. This is only available to those who are in a compromised situation as a result of some external reason. If you’re struggling with outstanding taxes that you just can’t seem to pay off, contact the professionals at Flat Fee Tax Service today to see how we can help.

IRS Tax Relief Options

Flat Fee Tax Services provides the resources you need to stop an IRS tax levy. Find out the different IRS tax relief options available to you. Your options include paying the IRS in full, an IRS installment agreement, or taking advantage of the Offer in Compromise Program. Usually, people can't afford to pay the IRS in full, so we find the right IRS tax relief services to match your situation.

There are few things in life more stressful than owing money to the IRS — especially when it’s money you can’t afford to pay, and the IRS is threatening to place a levy against your property to recover the debt. If you don’t make arrangements to pay the IRS the money you owe, the IRS could seize your home, car, boat, or business. The IRS can also seize your wages, retirement accounts, bank accounts, or other property.

Offer in Compromise Program

You may be able to take advantage of the Offer in Compromise Program. The IRS has expanded the eligibility and qualification standards for their new Fresh Start initiative. The Fresh Start Initiative program has raised the dollar amount of tax debt taxpayers must have before the IRS can file a Notice of Federal Tax Lien. It has also made it easier for taxpayers to access installment agreements. Under the Offer in Compromise program, many taxpayers may be able to settle for less than what they owe. You, the struggling taxpayer, may be able to take advantage of the new Fresh Start Initiative. When you file for an Offer in Compromise, the IRS will stop enforcement actions while your settlement offer is being reviewed.

An Offer in Compromise will take approximately 10 to 12 months to complete. You do not need to be "destitute" to qualify for a tax settlement.

Here Are The 7 Ways To Get an IRS Settlement

1. IRS Installment Agreement:

An IRS Installment Agreement is a negotiated monthly payment plan. Anyone can agree to an IRS Installment Agreement payment plan dictated by the IRS. There are many rules and regulations regarding IRS payment plans. Consult with an experienced IRS Tax Attorney before contemplating an IRS Installment Agreement.

2. Partial Payment IRS Installment Agreement:

A fairly new debt management program is a Partial Payment IRS Installment Agreement where you have a long term payment plan to pay off the tax debt at a reduced dollar amount. Much like a monthly credit card payment, IRS payment plans allow you to pay off your unpaid back income taxes in installments instead of all at once. An experienced IRS Tax Attorney or Certified Tax Resolution Specialist will negotiate the lowest possible monthly payment for your needs.

3. IRS Settlement through the Offer in Compromise Program:

The Offer in Compromise is a program that allows you to pay drastically less than what you owe. The Offer in Compromise requires making a lump sum or short term payment plan to pay off the IRS at a vastly reduced dollar amount. If you owe the IRS more than you can afford to pay, this is the plan for you. Essentially, an Offer in Compromise gives you the opportunity for a Fresh Start. If you qualify and are eligible for the Offer in Compromise program, you can save thousands and thousands of dollars in taxes, penalties and interest.

4. Currently not Collectible:

A program where the IRS voluntarily agrees not to collect on the tax debt for a year or so. Currently Not Collectible means that a taxpayer has no ability to pay his or her tax debts. The IRS can declare a taxpayer “currently not collectible,” after the IRS receives evidence that a taxpayer has no ability to pay. This is a useful tool because you can file for a collection appeal to stop an IRS levy, lien, seizure or the denial or termination of an installment agreement. The collection appeal gives you the opportunity to explain how you think the situation could be solved without the IRS levy or seizure.

Important Note: If you owe $10,000 or more and are Currently not Collectible, you should look at filing for an Offer in Compromise.

5. Release an IRS Garnishment. Stop an IRS Wage Levy Today. When you owe Uncle Sam money, the IRS can levy your wages, salary, or federal payments (Veteran's pension, Social Security, Social Security Disability / SSDI) until the tax levy is released, your tax debt has been fully paid off, or the time expires for legally collecting the tax (Statute of Limitations). The tax professionals and IRS problem solvers at Flat Fee Tax Relief routinely have an IRS garnishment stopped, removed, lifted and released in one (1) day.

6. Stop the IRS from Levying and Seizing Your Bank Account.

The IRS can issue a bank levy to take your cash in savings and checking accounts to collect back taxes. By ordering an IRS tax levy the IRS seizes a bank account. The bank is required to remove whatever amount is available in your account that day (up to the amount of the IRS levy ) and send it to the IRS in 21 days (includes Saturday, Sundays and holidays) unless notified otherwise by the IRS. Part of the process of resolving your IRS debt is obtain a release of the tax levy from the IRS. Have your IRS bank levy seizure stopped. You don't have any time to lose.

7. You Must Pay Attention to the Expiration of the Statue of Limitations

The IRS has 10 years from the date of assessment (usually close to the filing date) to collect all taxes, penalties and interest from you. Each year that you owe the IRS for income tax debt has it's own date of expiration. An expert IRS tax attorney can help resolve your back income taxes and IRS problems by just by advising and planning with you to wait out the 10 year expiration date. It is possible to play a "cat and mouse" game and eliminate your income tax debt.

8. Consider an Innocent Spouse

This is a very rare, but is still a possibility. This will only apply to very few people. When a joint tax return is filed, each spouse is just as liable as the other for all taxes outstanding. Innocent spouse relief can place all tax liability on one party, or separate what each spouse owes. An Offer in Compromise may be a much easier route.

Contact Flat Fee Tax Relief for Tax Debt Help Now!

You won’t know what you qualify for a tax settlement until you speak with a qualified tax professional. There will be many factors at play that can help reduce your tax debt and protect your property.




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