Taxpayers who qualify for the program are those who are willing to pay their tax debt through fees paid over a specific period of time and decided based on a payment structure. These payments go directly to the taxpayer's total tax debt and continue until the debt is paid in full. To request an installment agreement, submit IRS Form 9465 or use the online payment agreement request to apply as an individual or business. In some cases, the IRS won't grant your first request for tax assistance to pay a penalty, but that doesn't mean you have to give up.
Tax experts have a skillful understanding of the requirements of the IRS Fresh Start Program and will not be intimidated or deceived by the IRS into coming to an optimal resolution. An experienced tax company can review your situation, advise you on the best options, and guide you through the entire process. The IRS examines a taxpayer's income and assets to determine a taxpayer's ability to pay. If the IRS has already filed a tax lien, you can have it removed if you have filed all applicable tax returns within the past three years and if you have filed all of your tax payments.
You're taking the right step by starting a dialogue with the IRS, but your tax problems may never be completely eliminated, no matter what you do. The IRS reserves the right to place a taxpayer in the current non-collectible status if the taxpayer is unable to pay their taxes. If you have problems with back taxes and are concerned about being up to date (and keeping) up to date with your tax payments, you may qualify for assistance under an IRS initiative called Fresh Start. That means the IRS can keep the rest of your paycheck, leaving you with enough to cover just your daily expenses.
Fortunately, like most of your other collection options, the IRS won't start withdrawing money from your paycheck right away. When looking for a backward tax assistance company to help you with the Fresh Start initiative, don't limit yourself to local firms. During her years as an auditing representative for TaxAudit, Karen successfully defended company members throughout the federal and state auditing process, handled cases assigned to the United States Tax Court, and developed procedures to facilitate the auditing process for taxpayers. Whether you qualify for Fresh Start options, such as an installment plan, a withdrawal of a tax lien, or a commitment offer, or this program can help you manage your debts effectively and, at the same time, resolve problems such as stopping the wage garnishment and eliminating taxes.
Since the IRS can impose a tax on anything from your home and car to your bank account, this is one of the most serious results of having back taxes.