Tax Relief – Settle Your IRS Tax Debt - IRS settlement is the most beneficial form of IRS tax relief available for back tax debt problems. The IRS is willing to engage in a tax debt negotiation and accept a lesser, or compromised amount, as full payment. Therefore, taxpayers with back tax problems may be able to settle their IRS tax debt for less than the full balance. This IRS tax relief program is called Offer in Compromise. It requires full disclosure of detailed financial information to determine if you qualify for tax debt settlement. Using a tax settlement attorney is advised.

Tax Relief – IRS Tax Levy / IRS Bank Levy – An IRS tax levy is an aggressive IRS collection tactic which can take several forms, all of which have the potential be financially devastating. The IRS uses the tax levy to satisfy payment on delinquent back taxes. The tax levy authority of the IRS is far reaching and can include your social security benefits, the cash value of your life insurance, and even your retirement accounts. You may have received an IRS Notice of Intent to Levy or you may have found that “without notice”, a bank levy is in place and your accounts are frozen. If you need to stop a tax levy, and are seeking tax levy relief, then immediate action is critical. An IRS tax levy release can be secured. Due to the serious nature of this IRS tax debt problem, we suggest tax relief specialists be contacted for expert tax debt help.

Tax Relief – IRS Penalty Abatement – The IRS assesses penalties to insure fairness in the operation of the federal tax system and to encourage compliance. IRS tax penalties are proportioned to the offense and are meant to act as a deterrent to delinquent tax paying. The IRS penalty for failure to pay taxes and the IRS penalty for late filing are the most common. Because most taxpayers don't find out about their IRS tax debt problem until years after the tax infraction has occurred, the amount owed to the IRS can be significantly higher due to penalties and interest. Reducing IRS penalties through an IRS negotiation process is called IRS penalty abatement. IRS penalty reduction is an important tax resolution for obvious reasons, but also because the IRS actually charges interest on tax penalties, causing the tax debt to grow to insurmountable levels!

Tax Relief – IRS Wage Garnishment – The IRS wage garnishment is yet another tax levy power often utilized by the IRS. An Order to Withhold IRS Notice is sent to your employer, who is required to withhold a large portion of each paycheck in accordance with the levy notice and a mandated formula. After the wage garnishment deduction is taken for the IRS, the remaining portion of your paycheck is what you are permitted to use for basic living expenses. You will find that your portion is not adequate. Taxpayers facing an IRS wage levy should seek professional tax debt help to secure a wage levy release and stop the wage garnishment. After the wage levy has bee lifted, then the back tax debt problem can be addressed without the stress of a looming wage garnishment.

Tax Relief – Back Taxes / Unfiled Tax Returns - Filing back taxes is another common tax debt problem often requiring expert tax debt help. Due to unforeseen circumstances, taxpayers may have lost their IRS tax records, making the preparation of old back tax returns difficult. Individuals may be unaware of the best way to handle back taxes or even how to file back IRS taxes. Many seek the services of tax debt attorneys who are able to reconstruct and prepare returns for individuals' IRS back taxes. Not surprisingly, after the completion of tax returns is done, the taxpayer now owes back taxes but doesn't have the money to pay the back tax debt. Our tax debt specialists can also assist with your back tax relief and will determine if you may qualify to settle your IRS back taxes for less.

Tax Relief – IRS Tax Liens – An IRS federal tax lien is the IRS's claim to your property to satisfy payment of your back IRS tax debt. A federal tax lien attaches all property you currently own as well as property you may acquire in the future. This IRS tax lien will remain in place until the tax debt is paid in full or the lien is effectively discharged (statute for collection expires or tax liability is abated). Federal tax liens have a negative impact on your credit report and will make borrowing from future lenders difficult. Once an IRS tax lien is filed against your property, you will have to satisfy the delinquent tax debt before you can transfer or sell your property. If you have received notice of a federal tax lien, then being proactive may allow you to keep the lien off the public record, or even stop the IRS tax lien and secure an IRS tax lien release.

Tax Relief – Payroll Tax Problems – Failure to file and remit payroll taxes is a very serious IRS tax problem. This lack of filing exposes not only the company's assets but might also cause liability for the owners, officers and certain employees of the business. If you have made the mistake of not filing your payroll tax returns until you felt you would have the “cash flow” available to pay along with the tax returns, you may now find yourself in this predicament. Because you have held these employment taxes (withheld from your employees) in trust for the federal government, the IRS is extremely strict and vigilant in these tax matters. There will be large penalties for not filing the payroll tax returns on time, nor making the federal tax deposits. It is strongly recommended that tax debt attorneys assist with the immediate filing of all back payroll tax returns and represent you to find a tax resolution acceptable to the IRS.