subject: Just What Tax Debt Relief Is [print this page] When you owe money to the IRS or to a state taxing authority, you cant manage your finances in the way that you want to. If the IRS or another tax organization puts a lien on your home, you wont even be able to sell it until you take care of the tax debt. Fortunately, CreditNowUSA can help you resolve this situation through tax debt relief.
Tax debt relief is a process you can use to erase or reduce your obligation to the IRS or the state. Whether or not you can qualify for tax debt relief depends on the amount you owe and the circumstances of the debt. For example, the IRS will sometimes agree to a tax relief settlement in which you can settle your account for only a percentage of the amount you owe. You may also be able to qualify for an offer in compromise, which is a one-time opportunity to pay off all of your federal tax debt for only a small amount of what you owe.
With both of these tax debt relief options, the IRS will consider your case individually and make a determination based on your financial situation. You may qualify for one of these options if you can prove financial hardship, will not ever be able to afford the tax you owe or if there is any doubt that the tax amount assessed is correct.
If you dont qualify for either of the aforementioned options, you may be able to set up a payment plan. To qualify for a payment plan, you must prove to the IRS that you cannot pay your tax liability in one payment. If you are under extenuating circumstances, such as unemployment or a severe illness, you may also qualify to have your penalties waived.
If you owe a debt to the IRS or another taxing authority, you need to consult a professional to determine your tax debt relief options. CreditNowUSA can help you understand your situation and apply for the tax debt relief options available to you. There are no fees and no obligations. Simply complete our easy online application, and one of our professionals will contact you with more information.
For more information, go to Tax Debt Relief at http://www.creditnowusa.com/Tax-Debt-Relief
