Professional IRS Back Taxes Help of West Palm Beach, Florida
IRS back taxes can make you feel like you are in the middle of a hurricane with nowhere to turn. Drowning in IRS back tax debt is a nightmare for both individuals and business owners in West Palm Beach but can be easily resolved with proper tax debt assistance. Allow West Palm Beach Pure Tax Resolution to be your life saver.
The IRS is known for their aggression in regards to collecting back tax debt, although they will work with you IF you seek IRS back taxes settlement through the proper channels. Hiring a tax debt attorney may seem intimidating, but it is imperative for a number of reasons. Most importantly, only IRS tax attorneys have the skills to interpret the complex rules that govern the IRS and truly understand where they have leeway and lack discretion, which is crucial in order to settle IRS back tax debt. Our team of dedicated IRS tax attorneys knows the ins-and-outs of the IRS, and their back tax collection methods.
We settle IRS back taxes using the following methods:
IRS Back Taxes Payment Plans: Full or Partial
Payment plans allow you to pay off all or most of your IRS back taxes through manageable, monthly payments. You are eligible for a full payment plan, which satisfies the complete debt amount, if you owe less than $25,000. Though, our tax debt attorneys have experience in granting full payment plans for some clients who owe more than $25,000. A partial payment plan is generally the next option if you are not eligible for the full payment plan. Though this strategy does not satisfy all of the back tax debt, it certainly allows you to pay off most of it.
Offer in compromise (OIC)
An OIC is the most sought after tax resolution strategy as it allows you to pay off your whole back tax debt for significantly less than you owe. Unfortunately, it is rarely accepted by the IRS. The simple fact is that if they believe you have the income and assets to repay, you will not be granted an OIC. Luckily, the qualifying guidelines were recently broadened, so some taxpayers may now be eligible. Our tax debt attorneys will be able to quickly review your case to determine if an OIC could be granted to you.
Currently Not Collectible Status (CNC)
A CNC is another great option that our tax attorneys frequently are able to get our clients. This puts a temporary hold on all back tax collections that may become permanent if there is no change to your income or assets. To receive, you must be able to show that repaying through installments or in full would leave you unable to cover necessary expenses, such as food.
How Do You Settle Your Back Tax Problems?
When you have IRS back tax debt it virtually consumes your life, creating an ongoing cycle of tax debt problems that seems hard to break out of. You must take immediate action to eliminate your back taxes. Contact us today and we will immediately begin to shoulder the burden of your IRS back tax problems and and work diligently to get your life back on track!
Contact us today for a free consultation on your IRS back taxes settlement needs - (561) 293-2577.