TAX DEBT RESOLUTION & RELIEF
Tax Debt Resolution Assistance
If you’re dealing with threatening letters from the IRS or worse, had your bank levied or a tax lien filed against you, it probably feels like you have no way out. But there is hope for alleviating your tax debt stress. Tax resolution assistance is available from the professionals at Tax N Debt, and could possibly reduce your total tax debt, including penalties, fees, and interest. While you certainly have the right to directly contact the IRS yourself to resolve your tax debt situation, there’s a strong chance you’ll get a better overall outcome by seeking the help of tax resolution professionals such as Tax N Debt.
"No Matter How Big Your Tax Debt Is, We Have A Solution For You."
Step 1: Consultation
Our experienced professionals will hear your case and provide you a free tax analysis discussing the best potential resolutions to your tax liability. At Tax N Debt, we understand the pressure you face and how to turn your situation around, in order to protect your livelihood.
Step 2: Investigation
Our Investigation process begins by filing a Tax Authorization Information Form 8821 with the IRS and/or the appropriate form for the State Taxing authority on your behalf in order to obtain a complete record of your account. Upon completion, we will contact you to discuss the best way to address the problem.
Step 3: Resolution
The resolution phase of our process begins by gathering more in depth financial information and documentation in order to prepare an in depth proposal for submission to the IRS and/or State. Our team is here for you and our goal is to not only fix your tax issues, but to keep you tax debt free in the future.
Tax N Debt Offers These Types Of Debt Resolutions
Taxpayers that are not currently in financial hardship, but may be very close to that threshold, may be able to qualify for an Offer In Compromise.
This form of Installment Agreement exists to allow taxpayers to finish payment on a large expense, such as a car loan or child support payments. This plan begins with a divided payment schedule in which the larger expense gets the main focus and small installments are collected on the unpaid tax balance.
This type of installment agreement comes with a couple of strict guidelines that determine an individual’s eligibility. There are some added benefits that make this program worthwhile, such as not having to disclose all of a taxpayer’s financial information to the federal or state tax agency.
As one of the more accommodating agreements, the CIA allows taxpayers to continue paying a long-term monthly bill or expense(s) while still addressing their tax debt problems. Those that qualify for this agreement must have a steady payment schedule for something like a 401k program or a credit card that they are required to keep. The CIA usually lasts for 60 months and pays the debt in full.
This straight-forward payment method is a simple installment plan in which the taxpayer settles their entire tax debt over many payments. The amount is divided into monthly installments over the 10-Year Statute of Limitations and is based off of the taxpayer’s current financial situation.