Failure to pay taxes to the IRS results in interest and penalties that drastically inflate the total amount of your tax debt. People often find themselves so deep in debt to the IRS that it seems they will never be able to pay it off. For some people, the IRS may be willing to settle the debt for less than is owed. Click Here For Settle IRS Debt!
Convincing the IRS to settle your debt because you will never be able to pay the total amount is considered a "collectibility" issue. This is most often effective for people with very large tax debt and not much income. Asking the IRS to settle your debt on collectibility grounds is the most common approach. Keep in mind that each of your allegations of lack of ability to pay must be documented and verified. Collecting this information and documenting it can be daunting.
Settle IRS Debt with Professional Assistance
Hiring tax debt professionals to collect and submit this information for you can save time and frustration. Allowing tax professionals to submit the paperwork requesting that the IRS settle is also more likely to be successful. If settlement paperwork is not filled out correctly and filed according to procedure, the entire offer is refused.
At Tax Tiger, our team of tax attorneys and tax specialists has had great success obtaining settlements from the IRS. We have settled cases across the United States for the lowest allowable amount for qualified debtors. You can get the benefit of our expertise and get a fresh start by contacting Tax Tiger for a free consultation.
