How to Resolve IRS Tax Debt

Posted on December 13, 2021

How to Resolve IRS Tax Debt

Getting into IRS debt is easy, but getting out of it is not as easy. Resolution of tax debt can become simpler if you know how to prepare a tax case and negotiate with the IRS or pay the entire tax debt in a single payment. Even if you cannot do the former, you can always hire a tax help to get a stress-free resolution that is advantageous for you.

The IRS looks to get the entire IRS debt in a single payment. That requires no negotiation. For those taxpayers who cannot afford to pay the entire debt in a single payment, the IRS has tax debt payment plans namely Installment Agreement, Offer in Compromise, Partial Payment Installment Agreement and Currently Not Collectible.

Whatever be the reason for the tax debt, if you cannot afford to pay the entire tax debt in lump sum, you need to choose the most appropriate IRS debt payment plan. Remember that filing for an IRS debt payment plan you clearly do not qualify for can draw a penalty by the IRS.

After the IRS discovers that a taxpayer has back taxes, they send a notice informing the taxpayer of the tax debt and how to pay it. Ignoring or avoiding payment of tax debt can lead to aggressive collection actions by the IRS such as tax lien and tax levy.

Successful and early resolution of IRS debt can be achieved by a competent tax help. They use the services of tax attorneys, enrolled agents and tax analysts to prepare a tax case and negotiate its terms with the IRS. Taxpayers with complex tax debt issues may take their help.

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