Back Taxes Relief Strategy
In this article I will uncover the top five tax relief strategies to reduce your IRS Tax Debt. When it comes to Back Taxes the worst thing you can possibly do is to just ignore them. Throughout my many years of living on the planet Earth I have never once heard of someone’s back taxes just blowing away on a windy afternoon. That being said the purpose of this article is to arm the reader with a tax reduction arsenal that they can used to defeat the Big Bad Tax Monster whenever they come in contact with him. The first back taxes reduction strategy is to release your Wage garnishments. If done correctly you can lower the amount of back taxes that you are required to pay by negotiating a total release of amount owed or by requesting a modification to the garnishment itself by proving that you cannot survive when paying the original amount that was set. The next strategy is to get your delinquent tax returns caught up no matter how much your lackadaisical nature tells you to let by-gones be by-gones. The third strategy is to take full advantage of the IRS’s payment plans by having a tax professional negotiate the absolute lowest monthly payment possible. It is also recommended that when you use a Tax professional to lower your monthly payment you do your homework first and find the most seasoned Tax guy that money can buy, after all doing so could mean the difference in getting a payment $10 bucks less than you could have gotten yourself and paying close to nothing per month. Even further if you can prove that the tax amount owed is a direct a result of your ex-husband’s or wife’s negligence and your case fits into the IRS’s Innocent Spouse Relief guidelines, you may be able to get out of paying the amount owed altogether. The last strategy is to buy you some time by filling a Collection Appeal. Sometimes all it takes is a little time for you to figure out an alternative plan to iron out your tax issues plus filing this motion will stop all liens, levies, installment agreements and seizures of your assets.
I hope this information on Back Taxes has been useful. Please visit http://www.101taxstrategies.com if you would like more information.
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