Tax Relief Companies

A tax debt can be resolved through various ways, but depending on the particulars of the case, there is only one method of resolution that can give a taxpayer the most benefit. There are various IRS tax debt payment plans, namely Installment Agreement, Offer in Compromise and Currently Not Collectible that can be used for…

Tax debt can be resolved in many ways, but getting the maximum benefit from a resolution is difficult without hiring professional help especially if the case is complicated. In tax debt cases where the taxpayer can pay the full amount of tax debt, the process of resolution is straightforward and does not necessarily require professional…

Tax resolution services offer a variety of services in tax debt resolution, including matching taxpayers with an appropriate tax resolution plan, the reduction/forgiveness of penalty, tax debt reduction, and tax debt forgiveness. A tax resolution company begins by preparing a tax case for representation. They have experts to prepare a tax case, many times more…

The IRS has eased the terms of  certain tax debt payment programs to help taxpayers resolve their tax debt. The IRS’ Fresh Start initiative is an effort to relax some of the restrictions in certain IRS tax debt payment plans. Most of these relaxations involve flexibility in the disclosure of financial information, increasing the maximum…

Taxpayers who cannot afford to pay their entire tax debt often look for resolution methods that can help them to resolve their back taxes. It is important to resolve the tax debt as early as possible so that IRS debt penalties and interest do not accumulate. IRS collection actions can also be avoided if taxpayers…

Tax debt resolution can become simpler and smoother if taxpayers keep a few essentials in mind. Before seeking help from a tax service, taxpayers should review their tax case so that they understand how a tax service can help them. It will help them to hire the right service for the resolution.In most cases of…

Tax debt cases can be simple or complex. Simple tax debt cases are those that do not involve negotiation with the IRS and do not require qualifying for a tax debt payment plan. Complex tax debt cases, on the other hand, are those that require preparation, representation and negotiation to reach a successful resolution. Complex…

Most taxpayers who have a substantial tax debt find it difficult to pay the entire amount in a single payment. Even if you have the financial ability to pay the full amount, you may choose to pay in installments if paying the full amount all at once would upset your financial stability. The IRS offers…

Tax debt reduction plans are heavily advertised because of their attractiveness to taxpayers deep in tax debt. Many fraudulent tax resolution companies have used tax reduction plans, specifically Offer in Compromise, to tempt taxpayers into contracting their services. In reality, tax reduction plans have strict qualifying factors that most taxpayers do not meet.The most common…

The Foreign Account Tax Compliance Act (FACTA), which was created to curb tax evasion, has increased the tax troubles of Americans living abroad. Even though the effort will increase transparency in the financial activity of American taxpayers overseas, especially in tax havens, it is the average taxpayer that will shoulder the increased tax burden.Americans living…