Reduce Amounts Owed
Not sure if you qualify for a deal with the IRS?
We can help you.
The IRS does make deals on taxes owed and our team of experienced negotiators can help you understand how to best qualify for that.
How it works
Understanding How to Make a Deal with the IRS
To qualify for a deal with the IRS, you must:
- owe the IRS over $10,000
- have very little in the way of equity in assets
- must be using your monthly income to pay your necessary living expenses
- not have much or only a small amount left over to pay old taxes.
The IRS cuts these deals to get you back in the system as a current taxpayer and to collect a few bucks on the old taxes owing. The fine print in these deals requires you to file your tax returns and pay on time for the next 5 years. If you don’t, then the IRS revokes the deal and bills you for the original amount.
How We Can Help
How Tax Hostage can help you get tax relief.
It is important to plan and structure your overall debt resolution plan carefully with a knowledgeable, experienced tax resolution specialist to get the best deal possible for your overall situation.
Tax Hostage can provide a careful review of what the IRS has recorded in your tax records. This is vital to determining which rules apply to the income taxes you wish to discharge under bankruptcy. Still, other taxes may not qualify including, payroll, sales, and some other income and property taxes depending on certain other conditions. Start working with Tax Hostage now so we can help you determine if bankruptcy is really the right choice.