The broad concept of tax-debt relief encompasses many options. Each option is designed to bring the IRS and taxpayers in debt the closest possible. (We'll talk about state and local taxing authorities later.)
A payment plan or a settlement of your debts is the most common form of relief. Also known as an offer in compromise, The financial...
The vast majority of penalties are not abated by the IRS. Why? It could be because people don't know how to ask for penalty relief or that it may seem too difficult. Here are some reasons why it's worth it.
How Does Tax Relief Work?
Individuals and businesses that have outstanding tax balances can be subject to severe penalties by the Internal Revenue Services. In some cases, this could lead to the seizure or destruction of personal or company assets. This dilemma can lead to a financial crisis and a new type of business was created to assist...
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