IRS Settlement | Tax Settlement | Los Angeles | Flat Fee Tax Service
Updated: Jan 8
Tax Settlement - IRS Settlement - Los Angeles
Has the IRS caught you not paying your back taxes? If the IRS has sent you a "A Notice of Intent" or other certified notices, it's probably best to discuss a possible tax settlement of your tax debt. An IRS settlement is highly recommended if you've committed an honest mistake in not filing for the proper taxes or if the tax debt you have to pay is more than you can pay after paying your normal every day expenses.
First Tax Relief Option
It is better for you to take positive action regarding the IRS before the agency enforces collection. If the IRS contacts you first by sending you a certified notice, act on it quickly and do not put things off. It is the opinion of our tax professionals, the worst thing to do is ignore the government tax agency.
Once you've acquired a full assessment of your tax debt, then you can assess if you can pay your tax debt in full, in partial payments, or settle with the IRS. Paying your tax debt in parts would entail paying interest rates and other penalties.
If you are unable to pay for your tax debt in full, then an IRS settlement would be a viable tax relief option. If you owe the IRS less than $10,000, you cannot settle your tax debt and it probably be best if you go online to the IRS website and enter into an Installment Agreement. The smaller the assessment, the easier it is for you to adjust your payment options accordingly. Of course, this kind of IRS settlement will also mean having to pay extra due to interest rates incurred.