If you own money to the IRS and poor/disable, is there a way to get your tax bill eliminate?
Monday, August 16th, 2010 at
3:20 pm
I owe money to the IRS and I do not have the funds to pay the bill. Is there ways to get your tax bill eliminated or reduced without hiring a tax lawyer?
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Go to the IRS Website and fill out the forms for a Offer in Compromise.
Try contacting the IRS directly to answer your questions:
http://www.irs.gov/contact/index.html
You need to contact the IRS Taxpayer Advocate at 1-877-777-4778 and ask them your question.or contact your local tax office. 1800-829-1040
If push comes to shove you may be able to pay your taxes out or do an offer in compermise. Try all else before hiring a tax attorney. You can usually do the same as they do without it costing you an arm and a leg. What ever you do be honest with them. Good Luck
You can try an offer in compromise, but the irs can reject that. That is where you pay the irs less than 100% of what you owe them. Your other option if they reject the offer in compromise is an installment agreement, that is where you pay them 100% of the tax that you owe, but you pay over time. Interest will continue to mount using the installment agreement though until you pay off the tax in full.
Richard,
There are a few possibilities you are going to want to examine. The first that others have already mentioned is the Offer in Compromise program. The Offer will cost you money to fund however and any payments you make are considered non-refundable payments towards the tax you owe and will not be refunded even if your offer is rejected. There have been substancial changes to the Offer program recently that you should be aware of. Another other option you may wish to look at is called “Currently Not Collectible Status”, having your account placed in this status means the IRS will not pursue collection of the tax debt until you have an ability to pay. You may also want to look at the possiblity of a Partial Pay Installment Agreement. More information on these programs can be found on my web-site and is there free of charge for you to review. You can also visit the IRS site which will provide you information on the available programs. Relying on the IRS for information or guidance however is not in your best interests. You should either do the research yourself or hire a qualified professional to represent you.
These links may help you out:
http://www.etaxrelief.com
http://www.irs.gov
Best of luck.
Christopher R. Jacquez, EA
President eTaxrelief.com