IRS Tax Reduction
If you owe back taxes or haven’t filed tax returns for certain years, the IRS will come after you for the money you owe, or the money they believe you owe. Many people simply can’t afford to pay their IRS tax liability. By the time they pay for food, house payments, and utilities, there simply isn’t enough left for overwhelming tax bills. For both individual taxpayers as well as the IRS, tax debt reduction is the common goal. You want to reduce your tax debt so you don’t have to pay as much, and the IRS wants you to reduce it by paying them! Believe it or not, there is a happy medium that can often be reached between you and the federal government’s tax collectors.
Wouldn’t it be nice to get a reduction in the amount you owe? Well, it is more feasible than you might think. We have made it our goal at CRA Tax Rescue to help each and every one of our clients gain a reduction in their tax liability, most of the time by filing an Offer in Compromise. This will allows us to negotiate with the IRS to reduce your tax debt to a lesser amount, often times at a savings of more than 90 percent. We will detail a proposed amount for repayment regarding the total tax liability. If the IRS agrees, this settlement amount is all you ever have to pay to resolve those years in question.
Typically, this settlement is determined by your ability to pay (or lack thereof), and it is usually much less than you actually owe. The process can take up to a year to complete, but we will ensure that any collection action is suspended during this time so that you don’t continue to incur penalties or live in fear. Once a settlement is reached, you can be debt-free from your tax liability and on your way to a more stable financial situation.
Other times, we will negotiate an installment agreement as a means of tax debt reduction. Either way, our number one goal is to create a feasible way for you to pay down your tax debt. This liability can be tough to manage, and our experienced staff are here to handle it for you.
Our specialists are not only well versed in tax debt reduction, but they are also passionate about it as well. We can help you where others fail, because this is the only type of services we provide.