What is tax relief and how does it work? What is tax relief? Tax relief is not necessarily about eradicating your monetary obligation to the IRS. Instead, tax relief is about finding a way to set up a payment plan that works for you or to alleviate some of that debt. If there were a Debt Forgiveness Act that IRS agents could follow, it would be much easier to answer this question. You'll also need to be up to date with your returns, so if you haven't filed your tax returns lately, that's probably your first step toward relief.
To find out if you're eligible for tax debt relief, contact a professional tax relief company, such as Clean Slate Tax. Contact the Taxpayer Defense Service, an independent organization within the IRS, for free help if you have tax problems that you haven't been able to resolve yourself, if your problems are causing you or your business financial difficulties, or if you face an immediate threat of adverse action of collection by the IRS. If you can no longer afford a heavy tax burden, the IRS can offer you different ways to move forward. You will continue to owe the taxes you owe, but the penalties will be eliminated, so your total debt will inevitably be lower.
Too many taxpayers avoid contacting the IRS or tax professionals for help because they know they are in a bad position. The IRS debt forgiveness program was created to help taxpayers with the complex process of forgiving tax debts and to organize an appropriate debt repayment plan. However, the IRS works with taxpayers on an individual basis, so the burden of one person's tax debt could be completely forgiven, while another person could be asked to pay their debt in full. Tax debt relief is a general term for programs that help you pay your tax debt, such as IRS debt repayment plans and services from third-party tax relief companies.
This is because the IRS determined that those families did not need to pay taxes because of their financial situation. Scammers know that being indebted to the IRS can cause people to despair and that they can capitalize on their fear. In very limited circumstances, the IRS may offer a reduction in penalties to people who haven't paid their taxes due to special difficulties. Publication 594, The IRS Collection Process, contains information on the options available to taxpayers, and the IRS YouTube channel also has a video with useful information.