Paying unpaid taxes can lead to serious problems. The IRS can garnish your wages and file liens against your property if there is unpaid tax debt. You may also be subject to severe penalties and interest.
Tax relief companies can help you. These tax resolution services might be a good option if you have a high-spending tax debt, an audit, or any other tax problem.
Audit Representation
An audit representation may be available if the IRS has decided to audit your tax returns. This service allows a tax professional to work on your behalf and gather financial documentation. They also meet with the IRS auditors who are assigned to your case.
They can handle the entire audit process, reducing stress and the hassle associated with it.
Not Currently Collectible
People unable to pay their tax debts can apply for the tax status currently not collectible. Your wages and assets must be sufficient to pay your living expenses and taxes.
Tax resolution services can help you collect the documentation needed to file for currently non-collectible status. They may also have years of experience in tax matters and can help you improve your chances of success.
Innocent Spouse Relief
You can resolve issues with your spouse or ex-spouse's back taxes through innocent spouse relief. Your tax professional will ensure that only your at-fault spouse is held liable for any tax problems you have. This type of relief is available by submitting Form 8857 to the IRS and other financial documentation.
Installment Agreements
You can spread your tax debts over time with an installment agreement. This is usually done over months or years. You can avoid additional penalties like wage garnishment and tax levies using a payment program.
There are many types of installment agreements. A tax professional can help you choose the good one for you and file it for you.
Tax Levy Removal
When the IRS claims one of your assets (a car, house, etc.), it is called a tax levy. Although paying off the entire debt can stop seizures and tax levies, tax professionals have other options. These include setting up installment agreements and making compromise offers. In certain cases, a tax resolution professional can negotiate directly with the IRS to remove the levy.
Accept Compromise
An offer-in-compromise can help you settle tax debt for less than what you owe. While the amount you pay will depend on your income & assets, it is important to offer the correct amount for IRS approval.
A tax professional can help. Professionals can help you ensure your application is correct, provide the right amount and maximize the chance that your offer will be approved.
Stop Garnishment Of Wages
To collect tax debts, the IRS may garnish your wages. This can have serious consequences depending on your income and make it difficult to pay for daily living expenses.
Sometimes, a tax professional might stop the garnishment using an installment plan or another method. This will ensure that you keep your full paycheck.
How Can I Get Started With A Tax Relief Organization?
An consultation is the first step in working with a tax relief firm. The initial consultation will allow you to discuss your tax issues, and the tax resolution professional can help you understand them.
The team will investigate your tax problem by contacting IRS to obtain a complete record of your tax accounts; after reviewing the records, they will contact you to discuss fees and resolution options.
Your tax relief company will then get to work on resolving your back taxes. This could include gathering financial documentation, meeting with the IRS, and filling out forms.
Compare Your Options
Compare your tax relief options before you start. The fees, services, and experience of each provider will vary. If you are still searching for better option for you than Polston Tax is best choice. We provide best services for you at very reasonable prices. For more information check our official site https://polstontax.com/
