IRS Tax Resolution
If you’re struggling to pay your taxes, you’re not alone. The IRS tax resolution process can be confusing and daunting, but there are options available to help you get back on track. In this blog post, we’ll explore some of the most common IRS tax resolutions and how they can help you get out of debt and resolve your tax issues. Read on to learn more.
Understand what your options are when it comes to IRS tax resolutions
Facing IRS tax debt can be a daunting and overwhelming situation, but understanding your options can help take some of the stress off. One of the most common ways to resolve IRS debt is through Partial Pay Installment Plans. These plans grant taxpayers time to pay off their debt in monthly installments while any interest and penalties that have been added continue to accrue. An Installment Agreement works similarly, but it provides an agreed upon payoff amount over a predetermined period of time, often with lower payments than Partial Pay Installments. If you are unable to make anything but minimal payments on your taxes due, or if your financial situation does not allow you to make reasonable monthly payments, and you have minimal equity in property, then you may qualify for an Offer in Compromise. This allows for a lump sum payment that is less than the total amount owed; however it’s important to remember that not everyone qualifies for one of these agreements. Lastly, if for whatever reason you cannot contribute anything towards paying off your tax debt at all, then a Currently Not Collectable status may be put in place whereby no further action is taken on collecting the debt until your financial circumstances improve– however this also means that interest and penalties will still accumulate as well as inhibition from receiving future refunds.
Choose the best option for your specific situation
Attorney Jeffrey B. Irby understands that each situation is unique, which is why it is important to choose the best option that fits your specific circumstances. Attorney Irby listens carefully to fully understand what you are going through and then works with you to determine the best course of action for your particular case. He utilizes his deep knowledge of the law, as well as decades of legal experience, to provide a personalized approach in order to get results. Attorney Irby will always help you make an informed decision when deciding on what course of action to take.
Work with a professional to help you resolve your tax debt
Attorney Jeffrey B. Irby offers a comprehensive approach to resolving tax debt. With Attorney Irby on your side, you can rest assured that your financial worries will be relieved in no time. Attorney Irby’s strategies for negotiating settlements with the IRS are highly successful and involve both defensive and offensive skills. Attorney Irby also provides knowledge of the industry to ensure you receive complete representation and build from a solid position when dealing with the IRS. Attorney Irby’s representation not only involves experience in resolving actual cases but also planning ahead to prevent future issues. He is up-to-date on the latest tax measures and trends so that his clients may handle their debt situation confidently and effectively. Attorney Jeffrey B. Irby will help you navigate even the most complex of circumstance involving federal or income taxes.
Follow through with your chosen resolution plan
IRS tax debt can be an intimidating issue to handle, but it doesn’t have to control your life. Following through with a resolution plan can be the key to regaining control, security, and stability in your finances. To do so most effectively, take proactive steps such as talking to an Attorney who is an IRS-authorized certified specialist about the best solution for your individual situation, or even researching IRS payment options on your own time. By staying informed and cognizant of IRS deadlines, you can begin to move forward constructively and give yourself peace of mind while beginning the process of handling tax debt.
Stay on top of your taxes in the future to avoid any further problems
Everyone wants to get their IRS tax debt out of the way as soon as possible, but it’s even more important to make sure that you’re taking the necessary steps to avoid any further problems in the future. Diligence is key when it comes to making sure your returns are filed on time each year and that all the information is accurate and up-to-date. Not only do IRS deadlines need to be respected, but staying on top of your taxes from the very beginning can help ensure that things run smoothly should any issues arise during or after filing season. Taking a proactive stance in avoiding IRS tax debt down the line can save you from potential headaches so make sure you’re dedicated to being proactive with your taxes in coming years.
Now that you know more about the different types of IRS tax resolutions, it’s time to choose the best option for your specific situation. Remember, there is no one-size-fits-all answer when it comes to resolving tax debt. The most important thing is to work with a qualified professional like Attorney Irby who can help you understand your options and create a plan to resolve your tax debt once and for all. If you have any questions or need assistance getting started, please give us a call at 256-882-2222 or 1-877-LAW-IRBY. Or you may schedule an appointment by going to www.IRS.Solutions schedular link. Attorney Irby is ready to help you get on the path to financial freedom.