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IRS Tax Debt Resolution Programs

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IRS Tax Debt Resolution Programs

When you end up owing back taxes to the IRS, it can place a huge amount of stress, worry, and even outright fear on your shoulders. Whether it's a simple, honest mistake on your tax return, some kind of payroll related issue, or something else entirely, tax debt can be an incredibly serious issue – one that has managed to ruin companies, careers, and entire lives. That's why getting help is so important.

There are plenty of options out there that can help you, and it's important that you don't let yourself feel like you're trapped with nowhere to go but down. IRS tax debt can be a formidable opponent, but the right resources and the right steps could manage to help you overcome the issues quickly and get yourself back on the right side of the law.

While the IRS itself can actually help set up some solutions like wage garnishment or monthly payments, getting professional help will often lead to better solutions that work better for you while still keeping the IRS from breathing down your neck. There are a lot of different ways to overcome IRS tax debt, and learning more about some of the key choices is important if you want to escape from the heavy burden of IRS Tax Debt. Here are some of the different strategies that could help.

Offer In Compromise

An offer in compromise is a way to pay off your tax debt for less than the total sum owed. Essentially, it's designed for those who owe more than they can realistically afford to pay. They'll pay a smaller amount of their full payment and have their tax debt settled as a result. However, there are some very specific requirements that must be met in order to qualify for an Offer in Compromise. Additionally, many debtors make several mistakes and end up paying a larger final payment than they would have if they had gotten professional assistance.
More about the Offer In Compromise

Penalty Abatement

Getting relief from the penalties the IRS can impose will often alleviate up to 25% of the total sum owed. New policies in effect mean that certain taxpayers will qualify for penalty abatement. Self-employed taxpayers who saw a reduction of 25% or more in their business, or those who were unemployed during set periods of time over the last 3 years, could qualify. However, incomes must not exceed $100,000 for singles or $200,000 for married couples. Form 1127A will be the starting point for this process, and getting help from tax relief professionals is often the best way to ensure results.
More about Penalty Abatement

Installment Payment Agreement

Owing less than $10,000 in back taxes could mean that you can directly make an arrangement to make monthly payments in order to repay the total amount. You'll need a clean IRS record and will have to ensure that all of your tax returns are filed properly in order to do so. The payments will be set up as 36 monthly payments over a three year period and could help those who are having trouble paying the lump sum get the results they need. However, if you owe more than $10,000 in back taxes you'll have to get professional help from an attorney or tax resolution specialist. Otherwise, qualifying for an IRS payment plan will likely be very difficult to do. Forms 433-A and Form 433-F are primarily used in these situations.
More about Installment Agreements


On occasion, bankruptcy actually is a viable option for overcoming IRS problems. This is especially true in cases where more taxes are owed than can be repaid and when a debtor has no other options. Bankruptcy could serve as a way to discharge IRS debts. However, several different requirements must be met including that all returns be filed and that the tax liability in question must have been assessed for 240 days or more. Chapter 7 and Chapter 13 bankruptcy are both options in these situations, and a tax professional could help provide some very real results at eliminating tax debt through bankruptcy. It's not always the best option, but it is a choice that is out there.
More about tax relief via Bankruptcy

Payroll Tax Problem Relief

Employment taxes are always given priority by IRS collections officials, and are pursued much more seriously than income taxes. As a result, it's important that businesses and business owners take care of payroll tax debt issues as quickly as they can before it results in stakeholders being levied with the trust fund penalty. There are numerous options available that can provide payroll tax debt relief, and finding out more about them by talking to a professional attorney or tax relief specialist is a must if you find that you're facing an issue of this nature.
More about Payroll Trust Fund Penalty help

Tax Settlement for Offshore Bank Account

Offshore bank accounts can hold some very real and very legal advantages. But they can also easily lead to problems if they're not handled correctly. In most cases, preventing tax troubles related to offshore bank accounts before they begin is much easier than trying to deal with a problem once the IRS has noticed it. But in either case, getting professional help is important for avoiding major problems and even criminal charges. Full disclosure of foreign funds and payment of taxes is the easiest path to keeping offshore accounts legal, and certain IRS tax settlements can help as well.

Hardship Status

Also referred to as 'Currently Not Collectable,' gaining this status means that tax debts may not have to be repaid for a short period of time. It's really a temporary solution, and in many instances the total debt will end up having to be repaid at some point in the future. It's a very viable option for those who have lost their job or are facing a reduction in hours. But in some cases it can be used to help extend debt repayment, particularly when the statute of limitations is about to be reached. This status could postpone repayment and actually end up avoiding the debt repayment entirely through this process.
More about the tax relief from hardship status

Statute of Limitations

By law, the IRS is prohibited from collecting any back taxes that have expired. Usually the statute of limitations on back taxes is ten years. After this point, those back taxes can't be collected. There are several different variables that could come into play, but usually a very simple process known as the Collection Statute Expiration Date analysis will be used to determine where your tax debt falls on the statute of limitations.
More about the IRS statute of limitations

Innocent Spouse Relief

Spouses may often find that they're being held responsible for taxes owed by their spouse. Whether owed on a jointly filed return or on an ex-spouse's individual return, this is a frustrating situation. There are several steps that can be taken to help avoid this issue completely.
More about the tax relief from the innocent spouse program

Different strategies are best for different situations.

Leaving tax debts unmanaged can lead to paycheck garnishment, your bank account being levied, and having your assets seized by the federal government. In extreme cases it can even lead to prison sentences. Getting professional help is a must for determining which tax resolution strategy is the right one for your situation.

Tax Attorney Jim Gilland has been practicing law since 1996, and over the years, he has built up a history of protecting his clients and standing up for their rights. If you're facing pressure from the IRS, you need the help that only an experienced professional tax attorney can offer.

Contact Jim Gilland to set up an initial consultation and get out from under tax debt stress for good.

Attorney Jim Gilland Is Experienced, Trustworthy and Authorized to Represent Clients In Court of Law If Needed
Utah State Bar
Member Since 06/14/1996
Member Utah Bar Association - Tax Attorney Jim Gilland
Gilland Law Firm, PC, Attorneys & Lawyers, Clearfield, UT
United States
Tax Court
Authorized To Represent Clients In US Tax Court
United States Court Of Appeals
For The 10th Circuit
Authorized To Represent Clients In US Court Of Appeals
US District Court
District of Utah
Authorized To Represent Clients In The US Circuit Court In Utah

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