How To Finally Get Rid Of Your Tax Problems
There seems to be quite a lot of confusion surrounding IRS tax settlements. Some people say that they are hard to get, whilst other say they simply don’t exist. What then is the reality? What is really achievable? This article will answer both questions, and after reading you’ll be less confused, more focused and have the information you need to tackle the IRS and your debts.
The Reality Explained
IRS tax settlements are very much real. The trouble is that the IRS would rather you not know about them since it goes against their expressed aim to “collect taxes”. A settlement effectively means that you’ll get out of paying a portion of the taxes owed, and this, as you can imagine, is heavily frowned upon (by the IRS). Your success in getting a settlement from the IRS will depend largely on your circumstances and how good a case you present. Which brings me to the next point.
What Is Achievable
As mentioned above, your success with settlement will depend largely on how well you present your case. A good presentation can see you getting as much as 60 – 70% knocked off the amount owed. Of course the balance will have to be paid either upfront or in small installments.
The key to presenting a good case is to have your case prepared by a good tax professional. IRS tax settlements that are handled by qualified professionals are 10 times more likely to be accepted than those prepared without professional help.
The Online Tax Professional
Now that you know that the most effective strategy is to hire someone, you might be wondering where you need to find a professional. The long and short of it is that offline tax professionals are expensive, very difficult to tie down, and generally aren’t worth the time and money these days. The best approach is to hire an online tax professional. For reasons mentioned above, you’ll be better off. On top of these benefits, you’ll also get a chance to pick from a wider pool of professionals, ensuring that you maximize your efforts. Online tax professionals are also more accessible, sometimes providing 24 hour support.
Hopefully now having read the above, you are much wiser about IRS tax settlements. The confusion I talked about in the beginning is largely unnecessary, not to mention unfortunate. Use the information you’ve just received and get qualified help to deal with your tax problems. Good luck.