How Platinum Tax Defenders Can Help You With Tax Resolution if You’re Struggling Financially
- August 30, 2019
- Posted by: Platinum Tax defenders
- Category: Tax Relief
If you’re struggling to pay back tax debts, Platinum Tax Defenders can help. The top tax defenders at Platinum have experience in tax resolution issues that can help you if you’re struggling financially. There are tax relief programs that exist to help those who don’t have the means to pay their tax debts. The IRS understands that, in today’s world, not everyone has the means to pay back taxes. It’s important to remember that you should not avoid your tax problems even if you can’t afford to pay. You can’t solve your tax issues if you hide from the IRS. All taxpayers must pay any taxes they owe to the IRS. The best way to get through any tax situation is to face the issues head-on and hire tax defenders. You can fix your tax debt issues if you know the options that are available to you.
Tax Resolution Methods
If you’re struggling to pay back taxes, Platinum Tax Defenders can help you. There are a variety of programs offered by the IRS to help struggling taxpayers. The tax defenders at Platinum can determine the best tax debt pay-off program for you, depending on the following:
– Your tax situation
– Monthly expenses
– Tax amount you owe
– Other financial considerations
Below are some of the tax resolution methods Platinum Tax Defenders has experience in for those struggling financially.
Offer in Compromise
An Offer in Compromise is an IRS program that helps struggling taxpayers pay their tax debts. If you have a small chance of paying off the taxes you owe, an Offer in Compromise deal may be for you. The Offer in Compromise program is designed to help taxpayers pay off taxes without causing them to endure significant financial hardship. When a taxpayer receives approval for an OIC, the IRS will accept a smaller amount than the total amount owed. Taxpayers can pay their OIC total in one lump sum or over a few payments. Platinum Tax Defenders have years of experience settling clients’ debts for less with Offer in Compromise deals. The top tax defenders at Platinum have been successful in lowering a client’s debt from over $140,000 to just $100.
Innocent Spouse Relief
Another way to clear your tax liability amount is through Innocent Spouse Relief. If you owe taxes because of an ex-spouse or spouse, you can receive relief. To receive tax relief, you must be able to show that the debt is not a result of your mistake. When married couples file joint tax returns, they are both liable for any owed taxes. The IRS will sometimes realize it’s not fair to hold one party accountable for the other’s tax liability. If you receive Innocent Spouse Relief, the burden may shift 100 percent or mostly to your spouse or ex-spouse. Platinum Tax Defenders have experience helping their clients win Innocent Spouse Relief settlements.
Partial Payment Installment Agreement
A Partial Payment Installment Agreement allows taxpayers to make small monthly payments than are required with a regular Installment Agreement. Partial Payment plans exist for struggling taxpayers who would endure financial hardship if they had to pay the full amount. With this type of agreement, a taxpayer can end up paying less than they owe. A taxpayer will often not pay the debt off before the statute of limitations runs out. Once the statute of limitations runs out, the taxpayer no longer needs to pay back taxes.
Currently not Collectible
When a taxpayer goes into Currently not Collectible status, the IRS’ tax collection activities are placed on hold. If a taxpayer can’t afford to pay tax debt payments, the IRS will wait until their financial situation improves. Sometimes, the statute of limitations on the debt expires before you can pay the taxes and the IRS forgives your debt. Currently not Collectible will end levies, threatening letters and collection enforcement from the IRS.
For taxpayers who can afford to make manageable monthly payments, they can enter into an Installment Agreement. Platinum Tax Defenders has years of experience helping clients navigate Installment Agreement plans. By working with the top tax defenders, you can end up with a manageable monthly payment to pay back taxes. Your monthly payment needs to be one you can afford. If you’re paying monthly payments you can’t afford, your tax debt situation may only worsen. Once you enter into an Installment Agreement, the IRS labels you compliant with your taxes. If the IRS lists you as compliant with your taxes, it will stop penalties from being assessed. However, you will still owe interest on the tax debt you’re paying.
Platinum Tax Defenders Offers Special Financing For Struggling Taxpayers
Are you struggling to pay back taxes and can’t afford to pay your debts? The professionals at Platinum Tax Defenders understand that not everyone can afford to pay back taxes. Platinum Tax Defenders offers struggling taxpayers with tax relief options to become tax debt-free. However, Platinum also realizes that not all taxpayers have access to resources to pay for tax relief services. For that reason, Platinum Tax Defenders partnered with Lending USA to offer financing options for taxpayers seeking tax resolution. Clients can now receive financing for up to 60 months to help them pay for their tax relief services.
Call Today For A Free Consultation
If you’re looking for tax resolution services to settle your tax debts, call us today. We offer free consultations for new clients. Our team of tax attorneys, enrolled agents, and CPAs have successfully saved thousands of clients hundreds of thousands of dollars. If you can’t afford to pay your taxes, you mustn’t run from the situation. The longer you go without handling your tax situation, the direr your situation will become. If you’re struggling financially to pay back taxes, call us today. Our team of tax resolution experts is ready to help.