Help With Irs Tax Debt
The irs usually charges a 0 5 penalty on the total tax debt amount for failure to pay.
Help with irs tax debt. 117 000 000 in resolved debt helping more than 11 000 clients. The most common type of problem we help our clients resolve is in regard to 1099 filings whether facing an audit penalties or garnishment the team at tax relief pros is proactive about helping you get your life back in order. Notification effective april 27 2020. Each month the irs charges not only penalty on tax debt but also interest on the total tax debt.
The law requires the irs to use private agencies to collect certain outstanding inactive tax debts. At most the irs can charge 25 penalty on the total tax debt amount. Even if the irs attempts to collect a tax debt the taxpayer can file collection appeals to try to stall a tax levy lien or seizure prior to the statute of limitations deadline. As long as the irs knows it is going to get paid someday it can wait until you are in a better financial position to pay.
The application fee for offer in compromise is 205 unless you qualify for the low income certification or submit a doubt as to liability offer. Trying to wait out the statute of limitations is a risky strategy. The irs will tack on penalties and interest to your outstanding balance. If your tax debt has been transferred to a private collection agency you will be contacted by one of these four private collection agencies on the government s behalf.
How tax debt increases with time. If you need help with irs debt or you need someone to negotiate on your behalf community tax has a team expert professionals who can help you resolve your irs tax problems quickly and efficiently. If you have a state tax debt you need resolved the same general process can be followed to help you clear your debts. We pride ourselves on having a comprehensive assortment of irs debt relief informational articles and guides to dealing with particular tax problems.
Eventually it will run out of patience and take more serious measures imposing levies and liens. As a creditor the internal revenue service carries the weight of the federal government behind it. The goal of this website is to help you figure out how to earn complete irs tax debt forgiveness whether through the irs fresh start initiative the offer in compromise process a tax settlement tax negotiations or a bankruptcy discharge all without having to pay for the help of an expert. Unpaid taxes always attract penalty.
Tax problems are no joke and we take the burden you feel very seriously.