IRS Settlement | Tax Relief Options | San Diego | Flat Fee Tax Service
Updated: Feb 12
IRS Settlement - San Diego - California - Flat Fee Tax Service
Getting started with IRS Debt Relief with Flat Fee Tax Service is easy and our affordable payment plans are designed to fit your budget. We are able to provide an IRS Tax Settlement as soon as you make your initial fee, our tax relief attorneys (#IRStaxattorneys) will get to work on your case quickly to save you thousands and leave your IRS tax problem in the past.
FLAT FEE TAX SERVICE OFFERS THE SAME TAX RELIEF PAYMENT PLANS AS OPTIMA TAX RELIEF, COMMUNITY TAX AS WELL AS THE OTHER NATIONWIDE TAX RELIEF COMPANIES.
IRS TAX SETTLEMENT: How to effectively deal with IRS Back Taxes?
To seek for the most appropriate answers for the most sought after IRS back taxes related queries, numerous taxpayers usually falls for the Offer in Compromise settlement program as a result of all those late-night TV commercials which claims to settle all of your back tax debt for "pennies on the dollar".
Now, who would refuse the chance to settle their IRS debt ‘for pennies on the dollar’ (#offerincompromise), though most of us are unaware of the fact that while an IRS settlement through the Offer in Compromise program might work for some, it really and quite certainly won’t work for everyone.
Now the good news, for all those seeking IRS Tax Relief and to settle their IRS back tax debt, is that the IRS has numerous other available IRS Tax Relief options to do the same.
The article attempts to explain the most appropriate taxpayer’s options, their advantages as well as the pros & cons of each of the methods listed below:
1). IRS TAX RELIEF: IRS Installment Agreement:
Surprisingly, only a few of the taxpayers, when thinking of IRS Tax Relief, actually think about opting for an installment agreement to settle their IRS debt. If you are not Currently not Collectible or eligible and qualified for an IRS settlement through the Offer in Compromise program, you will need to get into an IRS Installment Agreement.
2). IRS TAX RELIEF: File/Amend Past Tax Returns:
The other way to lower tax debt which quite often gets unnoticed is to file an amended tax return or to file a return, after the deadline when none of the returns were ever filed. A taxpayer may be able to reduce his/her liability by amending their tax returns, in case if on their original return, their liabilities were overstated. Likewise, if any taxpayer is unable to file his/her tax return (#unfiledtaxreturns), the IRS might file a substitute for return that would provide the taxpayer the minimal deductions and the necessary exemptions.
3). IRS TAX SETTLEMENT: Offer in Compromise:
The offer in compromise option is the "ULTIMATE IRS TAX RELIEF OPTION".
When to use Offer in Compromise? Now the Offer in Compromise program (#IRSsettlements) actually works just like a weighing scale which tries to balance the liability of the taxpayer which he/she owes to the IRS against their expenses, income, equity and assets. And though there isn’t any thumb rule for the same, usually a taxpayer with a higher liability and the lower paying ability is considered a better candidate for the Offer in Compromise program.
Also, an interested Offer in Compromise candidate should not have any felonious returns, should have prepared each and every estimated tax deposits as well as payments and of course, should not be bankrupt.
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The Pros for an IRS Tax Settlement:
Dramatically lowers the debt of the taxpayer through an IRS settlement.
Ends IRS collection actions.
Retention of certain assets.