IRS Tax Relief
When it comes to IRS tax relief programs, there is not a single uniform approach. Instead, there are a variety of options and resources available to you. After all, we understand that your tax problems or burden is unique to your financial situation. Therefore, we provide tax debt relief that suits your individual needs.
From unpaid taxes to financial planning services to tax lien settlements, our tax professionals have you covered. We have a range of tax relief experts to provide IRS tax relief help of any kind. Take a look through our tax relief services below and let us help you navigate your tax liabilities with confidence.
What are the different types of IRS tax relief services?
Our IRS tax relief firm is on a mission to provide a highly personalized customer service experience. We focus on your best interests and particular financial needs. And this means providing tax relief recommendations based on what is most advantageous for you.
For the tax relief experts at Innovative Tax Relief, the word “advantageous” is twofold. On one hand, we want to provide you with options that are the least stressful for you. And on the other hand, these options should be what you can benefit from the most.
That’s right. Partner with us to limit your stress and improve your tax issues. With our assistance, you can get IRS tax debt relief, and make your tax burden a problem of the past.
Take a look at our wide range of IRS tax relief services. While this is not a complete list, it will provide examples of our skill sets and experience. As mentioned, tax debt relief comes in all shapes and sizes. Here are some examples:
Bankruptcy
Taxes aren’t automatically wiped out when you file for bankruptcy. In many cases you can avoid bankruptcy with the help of tax relief experts; you can ease the burden through tax reduction or an installment payment plan. In some cases, you can totally discharge your tax debt without the need for bankruptcy.
Bankruptcy as it relates to federal income tax has a lot of moving parts, which is why discussing your options with tax relief experts is important. They can help you navigate a bankruptcy decision and better understand how it plays a role in your scenario.
Currently Non-Collectible
Currently Non-Collectible status is for those whose gross monthly income barely covers basic living expenses. If this sounds like you, then you could be eligible to apply. It doesn’t mean that the debt goes away. However, the IRS will note that you can’t pay your tax debt at this time.
This type of program can provide tax relief and help you gain control of the situation.
Innocent Spouse Relief
The innocent spouse rule is a part of the 1998 revisions to the tax law. It allows a spouse to seek relief from IRS tax liability and penalties. However, there are a couple of considerations that must be met in order to receive such relief.
One of those is that they must prove that they were unaware that their partner understated their income. The other is that the couple must have filed a joint tax return. If these distinctions apply to your situation, talk to our tax relief experts today.
Installment Agreement
If you currently don’t have the financial means to pay your tax debt in full, you still have options. One option is that you might consider applying for an installment agreement with the IRS. This way, you can pay your tax bill in reasonable installments over a set period.
It is no secret that the IRS wants to receive their tax payments. But you can still have control by establishing monthly payments that work with your situation. Additionally, installment plans come in all shapes and sizes, so find out what works best for you.
Offer in Compromise
Essentially, an Offer in Compromise is an agreement between you and the IRS. The outcome is to settle outstanding tax liabilities for a lower amount than what you initially owe the IRS. Our tax relief experts can significantly reduce the amount of your taxes, interest, and penalties.
For many taxpayers, this is a best-case scenario. After all, there is no avoiding taxes altogether. But the ability to lower your tax liability is tax relief that is welcome to most.
Penalty Abatement
Penalty abatement is a potential solution that provides much tax relief. In this instance, you must prove that the IRS added penalties to your tax debt. Further, these penalties were added without considering your unique circumstances.
Let our tax relief professionals help you prove that your non-payment isn’t due to negligence.
Tax Audit Appeals
There are certainly times when an IRS tax audit is incorrect or unreasonable. If you believe this is your scenario, you are free to contest the recommendation before the IRS Office of Appeals.
We have IRS Enrolled Agents that can back you up in this scenario. And since we have experience in these matters, we can provide advice on the situation as well.
Let’s discuss IRS tax relief solutions today.
Innovative Tax Relief is a full-service tax resolution firm that can handle any IRS issue. With IRS Enrolled Agents, we are licensed to practice in all 50 states. You can count on our IRS tax relief experts to help you regardless of where you live in the U.S.
Tell us about your current circumstances and why you seek tax relief. Our team will walk you through the process and negotiate with the IRS on your behalf if need be. Additionally, we can help you understand your situation, so you can prevent it going forward.
We understand that tax debt can be a burden, but it shouldn’t upend your life. You have options, and we are here to help you take advantage of them. With Innovative Tax Relief, you can get the tax help you need.
