Owing the IRS money is serious business and can be very stressful for the taxpayer. Most people do not set out to owe the IRS money, but end up with unpaid taxes due to financial hardships and unexpected tax liabilities. The problem is that the IRS can be quite persistent with their collection efforts and may even implement steep penalties for unpaid taxes. Fortunately, there are ways to resolve tax debts with ease.
Get Connected
The first step in resolving tax debts is to contact the IRS. Many people take the dodge and ignore approach when it comes to talking to the IRS, but this strategy is never effective. In fact, the IRS may be more willing to negotiate with someone who contacts them at the first sign of trouble. If you have been dodging the IRS for a while now, don't worry. You can still take action to get your tax debts resolved by contacting an IRS representative as soon as possible.
Ask For Help
Often times, people assume the IRS is cold or doesn't care about people's circumstances. While the IRS may be serious they do know that bad things can happen to good people, leaving them in a financial mess. As a taxpayer in trouble, you need to be able to ask for help. Once you contact the IRS it is important that you give them an idea of your financial situation and why you need help resolving your tax debts. You don't have to get too personal, but you do need to paint an adequate picture of your situation.
The IRS offers two programs to taxpayers to help resolve unpaid taxes. The IRS installment plan is the most commonly offered plan to those in need. With the installment plan you can repay your tax debts over a several year period in payments that suit your budget. For those who cannot afford to repay their full tax debt liability, the IRS may grant an Offer in Compromise. This program is a type of debt settlement agreement in which the IRS agrees to accept less than the full debt owed. Generally, this program is reserved for those experiencing an extended financial hardship.
Know How To Negotiate
Remember that the IRS holds all of the power of negotiations. They are not required to offer you any type of payment plan or lead way. Instead, they offer these to taxpayers that put forth good faith efforts to resolve their tax liabilities. Your taxes are your responsibility and if you need assistance, knowing how to negotiate the right way is a must. The main point to remember is to stay calm and be polite, even if you don't feel your needs are being met. Instead of getting upset with the contact person, simply ask to speak to a supervisor or contact the IRS in writing.
Get Connected
The first step in resolving tax debts is to contact the IRS. Many people take the dodge and ignore approach when it comes to talking to the IRS, but this strategy is never effective. In fact, the IRS may be more willing to negotiate with someone who contacts them at the first sign of trouble. If you have been dodging the IRS for a while now, don't worry. You can still take action to get your tax debts resolved by contacting an IRS representative as soon as possible.
Ask For Help
Often times, people assume the IRS is cold or doesn't care about people's circumstances. While the IRS may be serious they do know that bad things can happen to good people, leaving them in a financial mess. As a taxpayer in trouble, you need to be able to ask for help. Once you contact the IRS it is important that you give them an idea of your financial situation and why you need help resolving your tax debts. You don't have to get too personal, but you do need to paint an adequate picture of your situation.
The IRS offers two programs to taxpayers to help resolve unpaid taxes. The IRS installment plan is the most commonly offered plan to those in need. With the installment plan you can repay your tax debts over a several year period in payments that suit your budget. For those who cannot afford to repay their full tax debt liability, the IRS may grant an Offer in Compromise. This program is a type of debt settlement agreement in which the IRS agrees to accept less than the full debt owed. Generally, this program is reserved for those experiencing an extended financial hardship.
Know How To Negotiate
Remember that the IRS holds all of the power of negotiations. They are not required to offer you any type of payment plan or lead way. Instead, they offer these to taxpayers that put forth good faith efforts to resolve their tax liabilities. Your taxes are your responsibility and if you need assistance, knowing how to negotiate the right way is a must. The main point to remember is to stay calm and be polite, even if you don't feel your needs are being met. Instead of getting upset with the contact person, simply ask to speak to a supervisor or contact the IRS in writing.
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