After the audit, the notices start coming in, the phone calls begin, and IRS harassment is in full swing. This is a stressful time, you owe the IRS money and they will stop at nothing to get it. Once they begin tying up your finances, you wonder how you and your family will survive? Wage garnishments can be devastating and so you figure you will need to tap into your savings just to make ends meet, but then the IRS places bank levies on your accounts, essentially freezing your finances.
Stop. Take a breath and let the dust settle for a moment. Though you feel you have nowhere to turn, there is a light at the end of the tunnel. A tax specialist can help you settle tax debt for less than you owe. You heard right, you can get out of debt and reach freedom from IRS harassment.
They key to getting out of tax debt is finding the right tax relief specialist for you. He or she will be able to set you up with a tax settlement plan that works best for your situation. During the negotiation process, your professional tax settlement service will also be able to free up your much needed assets, releasing you from bank levies and liens as well as stopping wage garnishment.
Tax Settlement Options:
Offer in Compromise: As part of the IRS "Fresh Start" initiative, many more Americans qualify for this type of tax relief. The Offer in Compromise program allows individuals to settle their tax debt for less than they owe. During this process your tax settlement specialist will negotiate down your debt and also have your delinquent penalties and fines erased from the bottom line.
Installment Plans: Once your tax professional has negotiated down your debt with the IRS, they will work with you and the IRS to set up an affordable payment plan. This will usually spread your debt payment out over a number of months or years so you can soon be tax debt free.
Currently Non-Collectible: If you and your family are facing financial hardship, your tax settlement specialist will recommend you apply for Non-Collectible Status with the IRS. This will stop delinquency penalties from accruing against your debt and you will owe the IRS nothing until you are deemed financially able to pay. If the clock runs out on your debt, you debt may be forgiven completely.
If you are facing crippling tax debt, contact the professional tax settlement experts at Optima Tax Relief. At Optima, we will stop IRS harassment and settle your debt for less than you owe. As part of the BBB, we are dedicated to helping our customers reach their goal of becoming tax-debt free. Call us today for a consultation.
Devin Finley is a freelance writer and tax relief expert. Devin writes on a multitude of financial and legal topics. He enjoys collaborating and strategizing with other professionals to ensure tax & debt clients receive competent and beneficial representation. For more information Visit http://optimataxrelief.com/
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