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WHAT KIND OF TAX RELIEF PROGRAMS DOES THE IRS HAVE RIGHT NOW?

What Kind of Tax Relief Programs Does

The IRS Have Available in the Age of COVID-19?


The IRS recently updated its COVID-19 Taxpayer Relief Initiative. Although the agency could have done more, these are still some great tax relief programs if you have a tax liability. The IRS has resumed issuing federal tax liens and levy bank accounts. You may want to jump on these new back tax resolution options if you have IRS back tax.

The IRS is offering flexibility if you are unable to meet the payment terms of an accepted Offer in Compromise. When an Offer in Compromise is accepted by the IRS, a taxpayer has a certain amount of time to send their settlement check. Otherwise, the IRS will reject your settlement offer. This causes the tax liability to come roaring back.

This additional flexibility is welcome relief if you are in the process of satisfying an accepted Offer in Compromise. We would have liked some additional flexibility for estimated tax payment requirements, but this is definitely welcome relief.


It is the opinion of the tax professionals at Flat Fee Tax Relief that the IRS will soon become overwhelmed with taxpayers with tax debt that needs to be resolved. The IRS will be under enormous pressure to close files. The IRS must close files and an Offer in Compromise does exactly that.


IRS INSTALLMENT AGREEMENTS


IRS Installment Agreements have always been a quick way to get the IRS off your back. Many people with a tax liability will call the IRS believing they must accept what the IRS is demanding. Someone with a tax debt should consult with an experienced tax professionals they agree to an IRS payment plan. Monthly payments that are automatically taken from your bank account offer many taxpayers relief from an IRS tax lien. Under the new taxpayer relief initiative, certain qualified individual taxpayers who owe less than $250,000 may set up installment agreements without providing a financial statement. That means you don’t have to jump through hoops with those complicated 433-A or 433-F financial disclosure forms!


WHY WOULD THE IRS DO THIS?


If you complete an financial (433-A or 433-F) and you do not have enough money to pay your tax debt, the IRS will need to tell you and you may be eligible for Currently not Collectible status or a tax settlement. This is another reason why you want to speak with a tax professional first. This article is brought to you by the tax professionals at Flat Fee Tax Relief. Our teams have been providing valuable tax debt help at very affordable fees for more than a decade.


Our tax pros are strategically located in Clearwater, Florida, and San Diego, California. Our Coast to Coast Tax Relief Service provides a distinct advantage when having an IRS levy released as quickly as possible as our hours of operation are 8 A.M. Eastern to 6 P.M. Pacific.



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IRS Tax Relief Programs

 Flat Fee Tax Relief - 1-866-747-7435

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Very Affordable Tax Debt Help

IRS Tax Relief Programs