IRS Tax Debt Help

Tax debt results from deficiencies in the amount of taxes paid by an individual taxpayer or a business for any given taxable year.  If and individual owes money to the government at the end of the year, that money owed is considered a tax debt and must be paid.  Generally, individuals with significant tax debt likely failed to have enough money withheld by their employer, or failed to pay taxes on their own for those who are self-employed.   Tax debt itself is a fairly common occurrence, but delinquent tax debt is when it becomes a problem.

Tax Debt Relief

Many times, the IRS is willing to work with individual taxpayers to allow them to settle their tax debts for a portion of the total tax amount owed.  Where fraud is not involved, the IRS may agree to allowing a taxpayer to pay a percentage of their total tax debt (i.e. 75%) and then mark the debt as “settled” without requiring payment of the other 25%.  Other forms of tax debt relief include payment plans and other structured payment agreements that allow the taxpayer to avoid a levy being placed on their paycheck or bank account.

IRS Tax Debt Help from an IRS Lawyer

The IRS has attorneys and agents on staff who are able to help negotiate terms of payment for taxpayers who are making a good faith effort to settle their tax debt.  Additionally, getting IRS tax debt help from an IRS lawyer is a possibility for individuals who have undergone a major hardship or those who have extenuating circumstances that account for their tax deficiencies.  The IRS tax attorney can help figure out a plan going forward and can provide guidance for settling the open IRS matter.  While the IRS lawyer works for the IRS (and not the taxpayer), they can be very helpful for people who need questions answered and plans developed.