If you have back taxes or owe other interest or penalties to the IRS, it can be overwhelming and stressful. Fortunately, you don’t need to manage it all on your own. When you turn to me at Denson Pepper CPA, I can help you find the right IRS debt relief option for your needs and situation.
Here are a few things you should know about IRS debt relief:
- There are different solutions available. When it comes to IRS debt relief, there are a few different options available, depending on your situation. These may include installment agreements, settling for offers in compromise, requesting not collectible status, penalty abatement, or seeking out state tax debt relief. I can help you determine which program will work best for you.
- You typically have to qualify. Another important thing to know about IRS debt relief is that you usually need to meet certain qualifications for each program. For example, you have to qualify for an offer in compromise by the IRS determining that you won’t be able to pay the full amount owed before the statute of limitations expires. We can review and discuss your income, assets, expenses, and tax history to determine what relief programs you may qualify for and develop a strategy that will fit your needs.
- You will need to have a positive tax history. You need to have the past six years of tax returns filed with the IRS before you can be eligible for IRS debt relief. If you have any back taxes or unfiled tax returns, I can help you collect and organize the necessary information to accurately file any missing tax returns for the past years before approaching the IRS.
Please reach out today to learn more or get started.