There are many IRS tax debt relief options available to you:
IRS Debt Relief Settlement:
In this IRS tax debt relief option that tax payers gets a chance to settle their debts for the percentage of the amount owed depending up on their personal assets , age and budget.
Offer in Compromise:
This tax debt relief scheme was developed to give the tax payers a chance to clear their IRS tax debts for a fraction of the percentage owed. The IRS officials access your case and come up with the plan that they can offer you as a compromise IRS tax debt payment. But there are certain obstacles that need to be overcome before a tax payer can qualify for the offer of compromise. According to the tax legislation a tax payer can settle their IRS tax debt they show exceptional hardship circumstances. But there are some people who really try to avoid paying taxes without any reason and try to hide behind the advantageous offer of compromise. So the IRS officials take the necessary caution and investigate individual cases and evaluate their financial position and if they are convinced that the offer of compromise works for them then only the tax payers are qualified and offer the package of IRS debt relief through an offer in compromise.
Offer of compromise is one of the best IRS tax debt relief tool available to tax payers. This form of IRS tax debt relief has given taxpayers the opportunity to save millions of dollars in IRS tax debt. You can submit your application for offer of compromise yourself but it is best that you go through the professional channel of hiring a tax attorney who processes all the required documents in the professional way and you will get the best IRS debt relief option available.
It is best to file your IRS tax returns so that you can be saved from the IRS tax problems and Tax Levies as the IRS can seize and claim your property in legal ways as security or payment for your IRS tax debts. So be careful and choose the best option that works in your favor and only choose bankruptcy when other IRS Tax debt relief methods don't work for you.
Seek out some of the offer of the IRS tax debt relief options so that you end up in a better financial position then you are now in.