subject: Tax-Debt Relief: What A Program Can Do For You [print this page] Tax-Debt Relief: What A Program Can Do For You
If you are high in tax debt and do not know how you are going to pay it back, you can try doing negotiations with the IRS but you may find that it won't work as well as maybe you thought it would. The truth is, not only do you not know all the rules and regulations, most likely, but you most likely won't have all the knowledge either that may not necessarily be known to the public. It doesn't even matter how you got yourself into the mess in the first place, the IRS won't care, nor will they feel sorry for you since their job is just to simply get the money that is owed from you. Remember, they deal with people who can't pay their taxes all the time for various different reasons, and you won't be any different.
A tax debt relief program, however, can do the negotiations for you to qualify you for a reduced tax debt. If you are put on a payment plan, a tax debt relief program can also negotiate for a lower interest rate as well. You may be able to get your tax reduced or get a lower interest rate on your own, but chances are, a tax debt relief program can get even better deals since they are trained with experience and therefore, know what to say to produce the best outcome. There are forms you can fill out even that may seem easy enough for tax relief, but chances are, you will get a better deal through someone else actually negotiating on your behalf since you are the one that got yourself into the mess in the first place.
If you believe the IRS made a mistake with your taxes, you will need to prove it. You will also, most likely, get your debt reduced even further if you can prove that there is no way you can pay the required debt back within 5 years, not even with any equity you may have in your home. If you have not filed your taxes, start preparing for such proofs before the IRS comes! A tax debt relief program can also help to prove whatever you need to prove to the IRS.
