| The worst thing you can do if you owe taxes to
the IRS is to do nothing. Recent changes at the IRS provide many new
ways for taxpayers to pay the IRS or to settle with them over time.
Most taxpayers panic when they can’t pay what they owe the
IRS. They don’t realize you can make arrangements with the
IRS to pay only what you can afford each month.
Some taxpayers are qualified for an IRS program which allows them
to pay less than the amount they currently owe the IRS. Almost every
taxpayer is eligible for some type of IRS repayment program.
Here are some of the ways to pay the IRS
if you owe them taxes.
Pay by Installments
The IRS will allow you to pay your taxes over a period of time if
you have no means of paying them now. They will require you to provide
them personal financial information to prove that you can’t
pay now.
You must remain current with future year’s taxes to avoid
getting further behind. The IRS still charges you penalties and
interest on your unpaid balance but a new law does reduce the penalty.
IRS Problems Keeping you Awake At Night?
No need to guess what will happen next. Stop worrying and get some
professional advice. Just call me 610-272-5859
for a Free No-Obligation Consultation and start sleeping again!
This is an easy way to start dealing with a problem that will not
go away by itself.
Cut A Deal
You may be able to take advantage of the great IRS give away program
designed to let taxpayers off the hook for tax debts. This is not
amnesty but it’s the next best thing.
Taxpayers who qualify could easily find themselves settling with
the IRS for pennies on the dollar. Every taxpayer that owes the
IRS taxes must review the guidelines for cutting such a deal before
they pay the IRS. Recently the acceptance guidelines have been relaxed
even more.
Get rid of IRS Penalties
The IRS assesses penalties against taxpayers for all kinds of reasons
including failure to pay. It’s bad enough that many taxpayers
can’t afford to pay the IRS in the first place but in addition
they force taxpayers to pay even more with additional penalties.
All IRS penalties including “failure to pay penalties “
can be reduced to zero if you have what the IRS calls “reasonable
cause”. Don’t be alarmed by the IRS term “reasonable
cause” instead use it to your advantage.
Letters written to the IRS requesting them to reduce your penalties
to zero should be written from the heart. Just tell it like it is,
everybody has personal problems from time to time that cause us
to forget about things like filing or paying our taxes.
For example sick kids, personal injuries, divorce, legal troubles,
employment problems, moving issues and caring for relatives are
all more important than dealing with tax issues.
Writing a warm compassionate letter to the IRS requesting them
to reduce your penalties substantially increases your chances of
success.
Include all the real life problems you were living with at the
time the penalty was assessed. Don’t give up if they say no
the first time!
The Only
Sure Thing About IRS Problems Is
. . . .
“They Don’t Go Away By Themselves.”
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