Owing money to the IRS for taxes that you are unable to pay can be very stressful. To make matters worse, penalties and interest can pile up over time which can further increase the tax burden to the point of despair for many taxpayers.
However, ignoring the problem will not make it go away and Federal tax debt is often a difficult debt to eliminate through a bankruptcy. Fortunately, the IRS has programs to help taxpayers resolve their tax debt regardless of the amount they owe.
Affordable Payment Plan
If you’re IRS tax debt is under $10,000 then you may be able to get immediate IRS tax debt relief by requesting a payment plan. All you need to do is complete IRS Form 9465. The form will ask you to indicate the amount you can afford to pay each month, the number of months it will take for you to pay in full and which day of the month that you will make each payment. As long as you have requested a reasonable payment plan the IRS will most likely approve it. If you’re not sure if you qualify for an IRS tax debt relief payment plan, call our office to schedule a free consultation and we will review your case to determine which tax settlement program is best for your financial situation.
Attorney-negotiated Tax Settlement / Offer in Compromise
The IRS has a special program for qualified taxpayers that owe more than $10,000, are experiencing a financial hardship and are having trouble paying their taxes. Under this program, the taxpayer can negotiate an offer in compromise to settle their tax debt for less than they owe. The IRS will review the offer and determine if it is something they will accept. Due to the amount of documentation involved, it is highly recommended that you seek professional assistance. With our negotiated tax settlement services, our firm will carefully analyze your financial situation and recommend a tax settlement that the IRS will most likely accept.
Free Consultation for Tax Debt Relief with a Tax Debt Attorney
The IRS does not provide legal assistance and they have attorneys working for them. Shouldn’t you have a tax debt attorney that works for you? We have successfully helped thousands of clients in the DFW Metroplex deal with their tax debt.
While every situation is different and no outcome is typical we will explore the options that are best suited for your financial situation. To schedule a free consultation, please call us at 817-267-2468 and one of our friendly team members will be happy to assist you. Tax debt relief is within reach.