Choosing the Right Tax Debt Help

Last updated on January 4, 2022

Getting help for tax debt relief is easy; all you need is to hire a tax debt relief company. But you need more than that. To ensure you get successful and speedy resolution to your tax debt problem, you need to hire the right help. If you know what to expect from your tax resolution service, it will help you to choose the right one.

Your tax debt help shall try to reduce your debt amount, reduce or remove IRS penalties, remove tax lien or levy, and help you pay your debt comfortably. There are four IRS tax debt payment plans that taxpayers can apply for to resolve their back taxes namely Installment Agreement, Currently Not Collectible, Offer in Compromise and Partial Payment Installment Agreement.

Apart from these, your tax debt help can also choose Innocent Spouse to remove your tax liability if your case allows. Filing for bankruptcy is another option that is available if the particulars of a case allow it.

A legitimate help for tax debt resolution will review your past tax returns, calculate the exact amount of taxes you owe after penalty and interest, and choose a payment plan that can offer you maximum support. It will try to get you out of tax debt as soon as possible with as much benefit as possible by negotiating your case with the IRS.

The kind of help a tax debt resolution firm can provide you depend on your financial situation, duration of unpaid taxes, IRS’ collection actions and the gravity of the non-compliance. If your tax debt help is legitimate and houses tax attorneys, enrolled agents and CPAs, it can achieve the best possible resolution for you.