Reaching out to the IRS Tax Debt Settlement Hotline will probably be something more people do than ever before. Owing back taxes or having tax debt is a common issue for many people, especially after all the hardships faced over the last few years. If you choose to just ignore the tax debt problems, it will only cause more. With so many Americans facing this issue it is better to reach out and find out what your options are rather than do nothing.
Call the IRS Tax Debt Settlement Hotline for help. Tax debt experts are standing by to help you better understand your options and then you can decide if you want further help. Some of your options could be a Tax Debt reduction or a Settlement.
When you hear about tax settlement with the IRS, it usually means to pay the IRS less taxes than you really owe. So, is this even possible? It is possible and below are some ways a taxpayer may be able to pay the IRS less that they actually owe. You can also reach out to the IRS Tax Debt Settlement Hotline to see what your options are.
IRS Penalty Abatement
IRS Penalty Abatement allows you to remove or lower any tax penalties you may have incurred.
IRS Offer In Compromise
An IRS Offer In Compromise is a tax settlement and is usually what tax relief firms mean when they say to settle for pennies on the dollar.
Part Pay Installment Agreement
The Part Pay Installment Agreement is an agreement with the IRS to pay back the taxes you owe through monthly payments. This form of tax settlement allows you to pay less than the original balance.
If you think you need help with any tax issues, it is recommended to reach out to the IRS Tax Debt Settlement Hotline to see what your options are. The one thing you don’t want to do is nothing.