What are IRS and StateTax Relief?
IRS and state tax relief is the process of working with both the IRS and state tax agencies to resolve your tax issues. It’s not about “fighting” these agencies but rather leveraging the relief programs they have in place for taxpayers like you.
Neither the IRS nor state tax authorities have the resources to guide each taxpayer through their various relief options. However, when you present your case following their rules and programs, you may qualify for significant savings and a fresh financial start.
What are IRS and Tax Relief?
IRS and state tax relief programs are available to taxpayers who meet specific eligibility criteria. Several factors determine whether you qualify for a particular relief option, including your ability to pay, current income, expenses, and assets. Since every situation is unique, working with a tax relief specialist can help you navigate the options and choose the best solution for your needs.
Installment Agreement
Installment agreements are basically payment plans that allow you to pay your tax debt over a set period of time, instead of a lump sum. They give you more time to pay without the burden of collection pressure and fees.
Currently Non-Collectible
The currently non-collectible IRS tax relief option allows you to pause any collection effort from the IRS on your owed taxes. This can be a good option when you need more time and can’t afford to pay anything at the moment.
Offer in Compromise
When you’re facing financial hardship you may not be able to cover your IRS tax burden. In these cases, you may be eligible to settle your tax debt for less than you currently owe.
Innocent & Injured Spouse Relief
Depending on your situation, you may be able to relieve yourself of your spouse’s tax burden using the IRS Innocent Spouse Relief program.