One way to reduce your potential tax debt is to file your taxes on time. Even if you can't send payment for what you owe with your return, it is better to file. Failure to file creates additional penalties which cause your debt to climb ever higher. If you find that you face tax debt you cannot pay, you still may be able to reduce the amount you owe. Click Here For Reduce Tax Debt!
The IRS can reduce the amount of your tax debt. It does so in accordance with a program involving offers in compromise. An offer in compromise consists of the submission of extensive financial information, documentation and negotiation. The calculations listed on the paperwork you submit have a significant impact on whether the IRS will reduce your tax debt, and if so, how much they will reduce it.
Find Experienced Help to Reduce Tax Debt
Because these calculations are so vital, they are best handled by a professional. At Tax Tiger, our Certified Public Accountant (CPA) holds a master's degree in taxation. This is an advance degree earned by CPAs who have additional training. Experience with the IRS is also important, to be sure the information provided meets their requirements. Our CPA has more than 15 years of experience.
The IRS will only reduce your tax debt if the offer in compromise negotiations is successful. Negotiating with the IRS is frustrating and often ineffective for all but the most experienced tax professionals. At Tax Tiger, our tax lawyers have spent decades successfully negotiating with the IRS. We have successfully convinced the IRS to reduce the tax debts for scores of clients. Contact us for a free consultation so we can evaluate your tax debt situation and perhaps help you get out from under your burden.
