Archive for May 31, 2013

May
31

How to Deal with Tax Penalties

How to get a tax lien removed

The Economic Growth and Tax Relief Reconciliation Act of 2001 is one of the largest tax cuts signed into law by President George W. Bush. Today, more people need back taxes help than ever before. Nobody really likes to challenge the IRS because of the muscle the Internal Revenue Service does not mind flexing. However, there are proven ways for people to stop IRS wage garnishment and other problems with the IRS that people from all over the country experience. If you are currently dealing with tax penalties, you need to get familiar with the options you have for tax debt relief. The good news is there are reputable firms that specialize in helping people deal with tax penalties.

One of the most common ways to challenge the IRS is the abatement process. However, it is a smart move to hire a reputable firm to deal with IRS issues, rather than trying to take on the IRS monster on your own. Reputable firms that help with back taxes know how to navigate the legal system regarding taxes. For example, you may not have even heard of the Offer in Compromise program, which is the OIC program. The IRS allows qualified individuals who have tax debt to settle the amount they owe by paying less than the total amount due.

Regardless if you know about the OIC program or the abatement process, you need to take advantage of the knowledgeable services that an experienced and trustworthy firm provides. Be sure to take the time to read reviews and compare several tax firms in your area to find out which firm will help you with IRS debt settlement. It is important to avoid tax penalties because tax penalties are the number one reason why people get into trouble with the Internal Revenue Service. If you are dealing with tax penalties, you are not alone. Hundreds of thousands of people all over the country are dealing with IRS issues.