If you are struggling with back taxes or IRS debt, you may have seen commercials and online ads that claim you can resolve your tax debts for less than you owe. But how true are these claims? Can you really resolve your tax problem without substantial long-term losses? Should you settle with the IRS? Tax Resolution Group can help you find the answers to these questions.
What are your options for settling with the IRS?
Unfortunately, many of the large tax resolution firms that promise big results provide little help. Don’t forget to check their online reviews. At Tax Resolution Group in Sarasota, FL, you can speak to someone in person or over the phone. We’ll evaluate your options for resolving your debt. As a local firm proudly serving the Sarasota area, we welcome all readers facing tax problems to contact us for a free consultation with a resolution expert.
Although working out a deal to settle with the IRS for less than what you owe is often harder than most advertisements claim, it is possible. You may qualify for an “offer in compromise,” in which settling your tax debt could be an ideal option.
Can you qualify for an offer in compromise to settle with the IRS?
An offer in compromise is an agreement that helps taxpayers who owe more than they can afford to pay. In many cases, these settlements cost a fraction of the total debt. The IRS awards them only if you can prove that you are unable to pay back taxes or if doing so would generate considerable financial distress.
The IRS prefers an offer in compromise over assigning you to collections and potentially receiving less money. An offer in compromise has no affect your credit score, so it is usually a better long-term financial decision.
Nevertheless, negotiating your own offer and evaluating resolution options can be challenging. We will help determine your qualification status and give you a prediction on what you would have to pay.
Don’t risk it on your own! Let Tax Resolution Group get you headed towards definitive tax resolution. And if you’ve received a letter from the IRS about possible garnishments of your wages or levies on your bank account, we can help you stave that off or settle with the IRS on those matters, too.
Settling with the IRS can be a very good thing and is frequently the best way to deal with your back tax bill and move forward with your life.
Tax Resolution Group
If you need a tax resolution specialist with experience working with the IRS, contact Tax Resolution Group to schedule a free no-obligation consultation to review your options and resolve your tax problem. We offer in person, virtual service or socially distanced service, and we are ready to help you.