Tax Hardship Center

Do you want to be excused from paying back taxes? The Internal Revenue Service (IRS) may be willing to reduce your penalty. A team of tax specialists with an in-depth understanding of the IRS should be by your side when you seek a penalty abatement, as the waters must be properly navigated. Let's look at what the process of requesting a reduced IRS penalty abatement entail. What is IRS penalty abatement? Put, a penalty abatement occurs when the Internal Revenue Service (IRS) reduces or eliminates a penalty that had previously been imposed on you. The IRS can impose fines for various infractions, but the typical ones involve nonpayment, delay, and mistakes. Even if a taxpayer receives a penalty reduction, they are still liable for any taxes that remain due. The IRS does not automatically grant abatements. You'll need to ask for one. In addition, only approximately 11 per cent of tax fines are waived by the IRS, according to recent figures. The ability of the taxpayer to pay the ...

Does the April 15th tax deadline strike fear in your heart every year? It's even worse if you have unpaid tax debt to the IRS and no plan to pay it off. If that's the case, your tax bill is more like a time bomb than a filing deadline. The best way to defuse that tax debt relief time bomb is to cooperate with the IRS, which may come as a surprise to you. When you have a tax bill to pay, the IRS may seem like the enemy, but there are options available to help you get it paid off. In this piece, we'll discuss a few details about tax debt relief. What Is Tax Debt Relief? Whatever helps you pay what you owe the Internal Revenue Service counts as federal tax debt relief? This can include more time to pay or a reduction in the amount you owe. The right tax debt relief can help you resolve your tax debt issues and get your finances back on track. Government Assistance for Tax Debts Unbelievably, the IRS is aware of how challenging it may occasionally be to find the funds necessary...

Regardless of what caused the tax obligation, immediate action is required. Even while the IRS does not have a "forgive and forget" policy, there are various options available to help you reduce and finally eliminate your tax burden. Many of these possibilities are covered under the IRS fresh start programs. What is the IRS Fresh Start program? Individuals and small businesses with tax debt can take advantage of many IRS programmes under the umbrella title "Fresh Start," which was introduced in 2011. The IRS developed Fresh Start after 2008's Great Recession to help struggling taxpayers get back in good standing. Various mechanisms, such as Offers in Compromise, Installment Agreements, Penalty Abatement, and Currently Not Collectible status, are available through the Fresh Start programme to help small business owners pay off their tax debts. For eligible taxpayers, these programmes can mean the difference between being able to pay off their tax burden entirely ...

The Internal Revenue Service (IRS) pursues tax debts with typical tenacity. It can be difficult to cope with the stress and demands placed on individuals and families today. When dealing with the Internal Revenue Service (or other State Tax Authorities) over delinquent tax payments or other tax issues, professional tax relief services can be an invaluable resource. Here are some main advantages of partnering with one of these companies. • You can get help dealing with the IRS Access to a team of experts in tax relief services with varied academic credentials is one of the primary advantages of working with a tax relief firm. You can get the best settlement or solution for your tax problems because they have a wide range of experts who understand the IRS's inner workings (such as attorneys, CPAs, or other specialists) and can put that knowledge to work for you. Having too many experts on your side is always a good thing when negotiating with the Internal Revenue Service or a state t...

Are you struggling with tax debt and looking for a way to regain your financial footing? The IRS Fresh Start Program might be your ticket to a brighter financial future. What is the IRS Fresh Start Program? The IRS Fresh Start Program is an initiative by the Internal Revenue Service (IRS) aimed at helping individuals and businesses facing tax-related financial difficulties. It was launched to provide taxpayers with a fresh start by making it easier to pay off their tax debts and avoid the burden of tax liens. Benefit 1: Simplified Installment Agreements One of the key benefits of the Fresh Start Program is the simplified installment agreement process. Under this program, taxpayers can set up manageable monthly payment plans for their tax debts. This allows you to pay what you owe over time rather than in one lump sum, making it easier to budget your finances. Benefit 2: Higher Threshold for Tax Liens Before the Fresh Start Program, the IRS would often file tax liens on individuals and ...