Platinum Tax Defenders Can Help You Negotiate Back Taxes With The IRS
- September 27, 2019
- Posted by: asal
- Category: Tax Relief
The tax professionals at Platinum Tax Defenders understand that unpaid back taxes can be a severe issue for taxpayers. If you don’t have the means to pay back taxes, your situation can become even worse. Taxpayers who lack the means to repay taxes can often negotiate a lesser settlement with an Offer in Compromise. While taxpayers can settle on their own, they’ll have more success working with a tax attorney. Platinum Tax Defenders works with a team of licensed tax attorneys ready to help with tax debt assistance.
The IRS Understands That People Can’t Pay Back Taxes
While it may be hard to believe, the IRS understands that taxpayers struggle to pay back taxes in the U.S. Many people are still struggling to generate income to pay their bills, let alone taxes. The IRS is often more than willing to work with delinquent taxpayers. However, taxpayers must know how to work with the IRS. For that reason, working with tax specialists like the ones at Platinum Tax Defenders can be beneficial.
What Are Your Options If You Owe Back Taxes?
Platinum Tax Defenders works with its clients on several tax relief programs to pay back taxes. Many taxpayers will gravitate toward the Offer in Compromise program. With the Offer in Compromise program, taxpayers can pay significantly less than they owe. While an Offer in Compromise may work for some taxpayers, it doesn’t work for all of them. However, the IRS has many other options available to help taxpayers who can’t pay back taxes.
IRS Fresh Start Program
Platinum Tax Defenders has experience helping many clients become tax debt-free with the Fresh Start program. The IRS launched the Fresh Start program in 2011, providing late-paying Americans a path to pay off their tax debt. As part of the program, the IRS made fundamental changes to the way they do business. The IRS focused on the following changes:
- Increasing the dollar threshold when liens are generally issued, resulting in fewer tax liens
- Making it easier for taxpayers to obtain lien relief after paying a tax bill
- Withdrawing liens in most cases where taxpayers enter into a Direct Debit Installment Agreement
- Creating more accessible access to Installment Agreements for more struggling small businesses
If You Owe The IRS, Still File Your Tax Returns
One thing Platinum Tax Defenders always recommends to their clients is to file their taxes. Even if they owe the IRS an outstanding amount, it’s still important to file taxes. Filing taxes on time will reduce some of the penalties. Some people decide not to file a tax return because they can’t pay the tax due. Not filing taxes can often cause a taxpayer to pay more penalties than they would have if they submitted.
Don’t Ignore the IRS
Platinum Tax Defenders advised their clients to deal with their IRS issues upfront and in a proactive matter. The IRS will not immediately pursue taxpayers for delinquent tax penalties and interest. In many cases, the IRS can take months until they begin their collection efforts. At first, the notices from the IRS can seem minor. However, at some point, the IRS will start very aggressive collection tactics, including:
- Wage garnishment
- Bank levies
- Tax liens
Once the IRS begins collection activity, it can be hard to bounce back from it. Platinum Tax Defenders can help taxpayers negotiate a tax relief deal with the IRS. However, the longer a taxpayer waits to settle, the worse their situation will become.
Platinum Tax Defenders Can Help You Negotiate An Installment Agreement
An Installment Agreement is one of the best ways to negotiate a tax debt settlement with the IRS. Under an Installment Agreement, a taxpayer pays the amount due over some time. In contrast, an Offer in Compromise involves a taxpayer paying his or her debts in one lump sum. Whether the IRS will accept an Offer in Compromise or Installment Agreement depends on your financial condition. If you have the means to pay your tax liability, the IRS will often not compromise.
Taxpayers have more success negotiating an Installment Agreement with the IRS if they:
- Let the IRS know they can pay the debt off within five years at most, two years at best
- Suggest a monthly payment that’s higher than you, and your tax professional think the IRS will negotiate
- The usual monthly tax payment you introduce to the IRS should meet existing IRS criteria
After IRS Negotiations, Stick To Your Payments
Once you reach an agreement with the IRS, it’s essential you continue to make payments on time. If you violate the terms of your payment arrangements, the IRS can take out collection actions on you. They can seize property you own, including bank accounts and even the mortgage on your home. However, working with the professionals at Platinum Tax Defenders can help you avoid these collection actions from the IRS.
Let The Experts at Platinum Tax Defenders Negotiate For You
Are you looking to negotiate a tax debt settlement with the IRS? Call the professionals at Platinum Tax Defenders. A tax professional can be of significant help in negotiating the most favorable possible compromise or Installment Agreement. Our attorneys have years of experience interfacing daily with the IRS. We have deep experience in negotiating with the IRS in back tax payment cases.
Additionally, we understand that not all taxpayers can pay upfront for tax resolution services. For that reason, we partnered with Lending USA to offer unique financing options. Platinum Tax Defenders clients can now enjoy up to 60-month payment plans to satisfy tax relief services costs. We are currently offering free consultations to new customers. If you need help dealing with the IRS, call us today. Our team of professional tax relief experts is waiting for your call.