Tax Relief Source
 
 

Strategies to Reduce Your IRS Tax Debt

Tax Reduction

Reducing IRS Tax Debt is the first step to Eliminating it. Everyone wants to pay as little as possible towards their IRS Tax Debt. And luckily, it is a possibility to have your Tax Debt reduced to the lowest amount possible. However, itís important to note that itís very difficult to work with the IRS to have your debt reduced, even if you know you deserve it!

Penalty Abatement

There are special circumstances that will eliminate the accrued penalties from your IRS Tax Debt. For example, if you were late making payments on your IRS Tax Debt because you were in the hospital and could not pay your Taxes on time, you would qualify for having the penalties removed. If you think you have a circumstance that would allow the penalties to be removed from your IRS Tax Debt, you should contact a professional and see if that is a possibility. You could save hundreds of dollars if you qualify.

Offer in Compromise

Another way to have your IRS Tax Debt greatly reduced would be to settle it with an IRS ďOffer in Compromise.Ē If you qualify, your debt could be cut in half or more - saving you hundreds or even thousands of dollars. But it is no easy task to convince the IRS that you deserve to have your Tax Debt amount lowered. You have to prove that you simply do not have the funds to pay in full.

Professional Help

If you want to have your Tax Debt Reduced, you may need to seek professional help. The IRS is very stingy with its money. They donít want to lose a dime. But if you a hire a professional that knows the ins and outs of the IRSís processes, you may stand a better chance at success.

More Tax Relief Resources
Start Here For Tax Relief
 
First Name * Last Name *
Email * Primary Phone # *
- -
Cell Phone # * Total tax debt? *
- -
Federal or State taxes? * Primary tax problem? *
 
 
Home | Tax Problems | Tax Solutions | FAQ | Resources | Testimonials | Contact Us | Feed Privacy Policy | Site Map
Copyright 2012 All Rights Reserved

Disclaimer: TaxReliefSource is not a government sponsored website, nor does it dispense tax advice. TaxReliefSource matches consumers with companies that offer tax relief services. For additional help in resolving tax problems, consider contacting the Taxpayer Advocate Service, independent organization within the IRS, at http://www.irs.gov/advocate/article/0,,id=97395,00.html.
The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the website is accurate and complete at the date first published, however you should recognize that information contained on this website may become out of date over time. Readers who have particular questions about tax relief, tax debt, or tax settlements, or who believe they require legal counsel, should seek the advice of an attorney. By submitting a contact request on this site you are consenting to be contacted by tax relief consultants by telephone or email, even if you have previously listed yourself on any state or federal Do-Not-Call List. Please note that we may receive compensation from the tax relief consultants for that introduction.