Discover The Hidden Secrets To Getting The IRS Off Your Back!
As more and more Americans face financial hardship, the search for effective means that can help with getting out of tax debt, will increase dramatically. One would’ve thought that with things being so bad economically, the IRS would at least let up. Unfortunately however, there doesn’t appear to be such luck. But if you apply the right strategy, you can indeed get rid of IRS debt and if you stick around I’ll show you how in this article.
There are basically two killer ways for getting out of tax debt and here they are:
1. The Offer In Compromise
This option is similar to settling a debt with a credit card company and works along the same principles. You present an offer to the IRS outlining an amount that you can pay in lieu of the whole debt. The IRS will reject or accept your offer based on how it estimates it’ll cost to collect the entire debt. If the amount you offer to pay is greater than the cost of full pursuit, then it’ll accept. If the amount you offer is less than the cost of full pursuit, then it’ll reject your offer. Cost alone is not the deciding factor and they onus is on you to make a good case as to why they should consider settlement.
2 . The Uncollectable Declaration
This is the granddaddy of tax solutions and basically involves getting the IRS to declare the entire amount you owe as uncollectable. Naturally they don’t make this easy, and you have to make the best of professional assistance to really pull this off. But provided you can prove that there will be real difficulty in paying off the debt to the IRS, now or in the foreseeable future, this can be the most effective means for getting out of tax debt.
To enhance significantly your chances of success with either options, it’s advised that you don’t go it alone and seek professional help. And professional help is only a few mouse clicks away since literally hundreds of qualified tax professionals operate online. Furthermore, online tax professionals are very cheap compared to their offline counterparts.
I hope you are really motivated right now to apply the information you’ve just received. As mentioned above, these two options are superb as means of getting out of tax debt, so the sooner you use them the better.