subject: Requirements For Tax Debt Relief [print this page] Those who owe $10,000 or more to the IRS can get tax debt relief. Sometimes people accumulate tax debt because of past unpaid taxes, late filings, incorrectly completed returns and numerous other reasons. IRS has many penalties and its easy to get into trouble with tax debt.
According to the Wall Street Journal, newer IRS rules will make it easier for people to obtain tax debt relief. IRS is now placing fewer claims on taxpayers property. In addition it is making tax liens less damaging to credit ratings of delinquent taxpayers. Some changes will help more people to have their tax debts forgiven, while others are intended to help small businesses obtain tax debt relief.
Event with the changes, the IRS can file liens against a taxpayers property when unpaid taxes are in excess of $10,000. The good news is that taxpayers with debts under $25,000 may fully qualify for tax debt relief by obtaining lien removal when they participate in an installment payment program.
Sometimes we have no hope of repaying our IRS tax debt. In this case we can be helped by an IRS offer in compromise" program. This program allows taxpayers to negotiate for a lesser amount in settlement of their debt and save thousands with tax debt relief. In order to qualify for this settlement we must convince the IRS that we are incapable of paying our debt off either in installments or as a lump sum.
Even when our incomes exceed $100,000 annually, we may qualify for such a compromise program as long as our delinquent amount is $50,000 or less. Tax debt relief can help us and our families avoid bankruptcy. You can visit CreditNowUSA.com to see how we can help you gain the maximum amount of tax debt relief possible. We can help you to reduce your tax liability and resolve your debt so that you will be free to get on with your life. We at CreditNowUSA offer you a free consultation on how to get the maximum tax debt relief.
For more information, go to Tax Debt Relief at http://www.creditnowusa.com/Tax-Debt-Relief
