Settling your taxes the correct way requires an expert evaluation of your particular tax circumstances. The IRS has many approaches for collecting back taxes and unsettled tax debt. For many taxpayers dealing with unresolved tax liabilities, attempting to combat the IRS is intimidating and stressful. Relying on skilled and trustworthy tax resolution specialists is the proper way of handling IRS disputes. Guardian Tax Resolutions will work with you to develop the best options that meet your specific financial situation to overcome tax debt.
In order to tailor the most appropriate tax settlement plan to your specific needs, Guardian Tax Resolutions investigates all of the elements that contributed to your current tax debt problems. Many taxpayers fail to promptly file tax returns and pay taxes for a variety of reasons including job loss, divorce, health issues and other events. Guardian Tax Resolutions recognizes the severe stress associated with handling tax debt and works to provide a comprehensive and effective solution. Guardian Tax Resolutions not only wants to eliminate your current tax burden but also work with you to prevent future IRS conflicts. Using highly effective negotiating strategies, Guardian Tax Resolutions works on your behalf to settle tax debt for the lowest amount possible. Such resolutions often involve making monthly payments and settling tax debt for less than the full amount currently owed. We work with you to generate a cost-effective method of securing your brightest financial future.
Strategic Settlement Options
Guardian Tax Resolutions understands the circumstances, laws and common practices necessary for settling unresolved tax debt. Working with the IRS is complicated and requires expert knowledge in tax resolution practices. The following are some options available to taxpayers who desire to settle tax debt:
If a taxpayer has an inability to pay their current tax debt, the IRS may reduce or waive some penalties against the taxpayer. This allows the taxpayer to more easily pay tax and applicable interest.
Offer in Compromise (OIC)
When a taxpayer is confronted with unaffordable tax debt, the IRS will often allow that individual to enter into an OIC agreement. Taxes owed are usually settled for a reduced amount and taxpayers are given the opportunity to get back into compliance with the IRS. The methods required to enter into an OIC are complicated and require the knowledge of a competent tax resolution professional.
Currently Not Collectible
For taxpayers who are currently experiencing financial hardship or live on a limited, fixed income, the IRS may agree to place them in Currently Not Collectible status for a set amount of time. During this period, the IRS will not attempt to collect unpaid tax debt. Following that period, the IRS will reevaluate the taxpayer’s status and ability to pay.
Those taxpayers that do not qualify for an OIC or Currently Not Collectible status may be eligible to enter into an installment agreement with the IRS. This agreement is for those individuals who cannot pay all of the tax assessment owed in one payment and need to make installments on their debt.
Knowing your options requires an experienced understanding of IRS requirements and the complexities surrounding your unique financial circumstances. Trust Guardian Tax Resolutions to guide you in the most appropriate direction to overcome your current tax burdens.