How to Get Help With IRS Debt

Tax Debt Forgiveness Programs

A Menu Of The IRS Tax Debt Relief Resolution Programs Offered To Delinquent Taxpayers

Dealing personally with the IRS can truly be an incredibly overwhelming and high pressure situation.

TheCPATaxProblemSolver understands your burden and strongly

believes that being informed is one of the keys to successfully navigating the IRS tax relief programs to a fresh start on your road to financial freedom.

Partial Payment Installment

A partial payment installment agreement, or PPIA, is like an installment agreement, except that the statute of limitations and your ability to pay means that the tax debt doesn’t have to be paid in full.

Statute of limitations laws prohibit the IRS from attempting to collect on a tax debt forever, regardless of one’s ability to pay.

Typically, the statute of limitations (CSED) on collecting taxes is 10 years from the date the tax is  assessed, though there are several circumstances that can extend the expiration date.

Once the CSED has passed, the IRS can no longer collect the taxes in question, and the debt ceases to exist.

Some folks cannot pay off their tax debt before the collection statute expires. Still, the IRS recognizes that partial payment is better than no payment, so they encourage you to pay as much as they are able until the collection date has expired. The result is an PPIA.

Offer In Compromise

An Offer in Compromise is a very feasible and appealing way to solve your IRS tax problem.
This IRS tax debt relief program enables you to settle your tax debt for less than the full amount that you owe.

TheCPATaxProblemSolver has a very high success rate in gaining approvals for Offer in Compromises and can help determine if this option is a viable one for you and your family.

Currently Not Collectable

Currently Not Collectible (CNC) is a status that the IRS assigns to tax debt cases that the agency believes it can’t collect on. If paying anything toward your tax debt would throw you into financial crisis, the IRS is likely to assign you Currently Not Collectible status.

You can have all collection activity halted if they are under “Currently Not Collectible” status. This status is only for taxpayers whose expenses exceed their income. The IRS will look at national standards to determine if the taxpayer could afford their basic living expenses.

The IRS reviews CNC cases on a periodic basis. If they find that your financial situation improves, they will resume the collection process. However, the IRS has only 10 years to collect the tax debt.

Installment Agreement

If you cannot pay off tax debt in a personal tax resolution issue, you may make payments through an installment agreement.  You  must have filed all tax returns to apply for this option.

The IRS offers online payment agreements if you are eligible. If you set up an installment agreement, it is essential to pay the minimum payment when it is due and file all tax forms and returns on time going forward.

You can make installment payments via payroll deduction, direct debit, check, credit card, or online payment agreement (OPA). The IRS may revoke an Installment Agreement if a you miss a payment or does not file their tax returns or pay taxes after you enter into the agreement.

Penalty Abatement

The purpose of penalties is to encourage voluntary compliance to fulfill certain obligations, i.e, preparing an accurate return, filing it timely, and paying any tax due.

The purpose of penalties is to encourage voluntary compliance to fulfill certain obligations, i.e, preparing an accurate return, filing it timely, and paying any tax due.

Audit Representation

A tax audit may be an intimidating experience as you must be prepared to explain the nature of your income an substantiate the expenses and deductions claimed on your tax return. It is likely that the examination of one tax return may lead to other tax years being opened for audit. Additionally, in order to properly defend yourself, you may be required to have an extensive knowledge of the tax codes and regulations.