Tax Problem Help: Taking Back Your Peace of Mind

Tax Problem Help: Taking Back Your Peace of Mind

All information contained herein provided by the tax professionals at

Tax Defense Network, Inc.

For a Free Consultation call 1-888-248-9058 or visit us on the web at

www.taxdefensenetwork.com

Please Help, I’m in Debt to the IRS!When you’re in debt to the IRS is seems like the

whole World is closing in around you. The debt seems impossible to ever pay off and the IRS hounds are biting at your heels. There is tax problem help for you…you just have to know what help is available and how to get it.

What kind of miracles are there?There are several programs that the IRS and private

companies offer to give you help with your tax problems, but they all have requirements

that need to be met.

The Installment Agreement:This is exactly what it sounds like. It’s a monthly

payment plan that you setup with the IRS to pay off your debt. The catch is that the IRS determines what the payment amount will be per month which can be more than you can reasonably afford.

The Offer in Compromise: When you hear a late night TV commercial talk about

settling your tax debt for pennies on the dollar, this is what they’re talking about. This is
the most appealing of the IRS programs to get you tax problem help, but it is also the
most difficult to get. Only 2% of applicants for an Offer even get approved.

Currently Non Collectible:If you’re completely destitute, or you’re on a fixed income

that covers only the most basic living expenses you can qualify for this. Since you have no money or assets the IRS can go after they temporarily suspend collection activities. The IRS does check up on you every year and if your financial situation changes, they will renew their collection efforts

Innocent Spouse:Normally if you marry someone you also marry their tax debt.

However there are exceptions to this situation and you can get out of a debt created by
your ex-spouse. The tax debt has to be your ex’s, you can’t have filed jointly. You have
to have not known about the debt. The debt can be erased if you were abused. If any of
the criteria are met your tax debt can be completely erased.

Penalty Abatement: When you get in debt to the IRS interest and penalties start adding

on to your debt immediately. In fact your debt will increase by about 25% each year. If
you’ve suffered a catastrophic event in your life you may qualify to have the penalties
removed from your debt. This can reduce your debt by up to 30%.

A light at the end of the Tunnel.Being in debt to the IRS makes you feel overwhelmed

and alone, but now you know there are solutions that offer tax problem help.