User:NerissaWhitehead230

Taxpayers are usually stressed out when they need to pay back taxes to the IRS and are unable to write a check to clear up the balance. Having to deal with a tax bill is daunting and the IRS has a reputation of being an evil, monolithic empire staffed by heartless, unkind employees who exist to make taxpayer's lives miserable. Fortunately the reality is much kinder. Although Congress has been criticized for a lack of action on quite a few issues over the past few years it did American taxpayers a few favors by telling the IRS to set up some tax relief plans to help individuals with legitimate problems settling their tax bills. Unfortunately most of these relief programs have received minimal press exposure and the vast majority of people who owe back taxes are unaware of the alternatives attainable to them. The number one error made by individuals who owe taxes is disregarding the IRS and hoping that they will disappear. Believe me, this never succeeds. The IRS has a clear requirement from Congress; collect all of the taxes to be paid by citizens and corporations. Just because someone won't respond to a request for information and facts or a tax bill does not mean that the IRS will stop looking to collect. Just by acknowledging that you received the notice from the IRS should help any future contacts from being immediately confrontational. Getting a notice from the IRS will not necessarily mean that what the IRS is saying is correct. Some reviews by third party groups indicate that the IRS has erroneous data or has generated an improper decision in almost 20% of the demands for taxes due sent. Read the notice very carefully and understand what the IRS request is based upon. You usually have up to 60 days to answer to 1st or 2nd requests so be thorough in your answer. If you have paperwork to question an IRS claim, present these documents and your answer in a clear, even style. Avoid being defensive or rude, blaming the IRS of incompetence will not make things any easier for you. Should you owe taxes, there are options available to you to assist you pay them in monthly installments. Do not presume that a payment plan is immediately put in place, you will need to work with the IRS to figure out what you are able to afford and how long the payment schedule ought to be. Bear in mind that interest will also be accumulating while you are negotiating with the IRS and during your repayment period. It is essential that you maintain the planned payments and keep all payments up-to-date, being in default on your tax settlement plan takes away all flexibility in working with the IRS. One more chance for tax relief is tax reduction. In cases of personal disaster or crisis the IRS could actually reduce the amount of the principal due. This process involves a whole lot of proof of catastrophe and exactly how the event or events caused personal and financial hardship. This may require you to use a tax professional who is able to help you file the correct paperwork necessary to have the IRS consider your application to lessen your tax debt. However, if your tax balance is significant the cost of a tax lawyer may well be a great deal less than the amount of tax relief that you end up receiving. Though there are no guarantees of relief when you are dealing with the IRS, some simple rules do apply that can assist your cause. Respond promptly, be courteous and honest, have appropriate paperwork and make certain that you live up too all the promises you make. Tax relief is attainable but the process calls for perseverance and openness.