IRS Tax Relief
You know how easy it is to have an IRS tax debt or you wouldn’t be reading this blog. But in the opposite direction, it is also “easy” to get restored back to your original situation if you are willing to make the effort and put in the time to get your matter straightened out. Everyone deserves IRS tax relief, whatever option it may be.
No one has a goal in life to get in trouble with the IRS. All it takes is a death, divorce, substance abuse problem, a business failure or bad tax advice to start the process and once the tax problem starts rolling down the mountain, it is hard to stop.
There are five options to consider in settling with the IRS other than to just write them a check. It is important to have all five of them, with the pros and cons of each one, being considered at the same time. Those options are:
- Installment arrangement
- Non collectible status
- Offer in compromise
- Chapter 13 Bankruptcy
- Chapter 7 Bankruptcy
In most cases there is really very little negotiation involved. All the “negotiation work” is done with Scott Allen EA and the taxpayer in properly evaluating their options. The challenge is to pick the right option and to support that option so well that the IRS has no choice but to agree to our settlement proposal. Success is in the preparation, support, and endurance to keep the matter in front of the IRS personnel you are assigned until the matter is settled. The IRS knows very well how to chase after taxpayers and punish them. They are very poor at being pursued to settle a matter according to the laws that Congress has given them charge to enforce.
Just like every team has a coach, you need a coach to keep you motivated, moving in the right direction and challenging you to get the IRS tax relief victory. Anyone can get a settlement with the IRS, the challenge is to get one that is a victory. A victory is a settlement that you can do and will get you restored back to your former situation in the quickest possible way.
Scott Allen E. A.
Tax Debt Advisors, Inc.