Where to Get Free Tax Debt Help Online
If you have not been able to pay your taxes to the IRS over a certain period of time and as a result have built up tax debt, then in order to avoid being punished you need to take some initiative and get some IRS tax problem help. If you remain hesitant in paying your taxes, your assets can be seized by the IRS, to put towards a tax debt settlement on your outstanding debt. You can instead go about getting free tax debt help so that you can avoid punishment and lead a trouble free life.
You can apply to the IRS to forgive a part of your total debt by using one of the options that are mentioned below:
1. Tax debt settlement: You can get the help of a professional IRS tax relief attorney, which will help you to analyze your financial condition and determine the best tax debt settlement method for you.
2. Offer in Compromise: If the IRS thinks that you will be unable to pay more than your offer, even if they apply some forced collection method, they will accept your compromise offer. You will be able to pay an amount that will be less than the original amount you owed and get a tax debt settlement. You are also going to have to provide a guarantee that you will regularly pay your taxes for the next 5 years.
3. Penalty reprieve: If you can show some valid reason to the IRS for your inability to pay the taxes which led to you needing IRS tax problem help, approximately one-third of penalty amount, due to non-payment of taxes, will end up getting abated at a later date.
4. IRS tax bankruptcy: If you are able to qualify for chapter 7 bankruptcy, you may want to first consider this option. However, this is not a good option because it will have a very negative effect on your credit report and you may have to liquidate your assets. Tax debt settlement is still probably the best option.
You should not sit there and waste your time if you are unable to afford to pay taxes, but should take necessary action for getting free tax debt help so that you can get out of this problem and avoid losing your assets, declaring yourself bankrupt or going to prison.
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