Frequently Asked Questions
On this page, you can find many questions that taxpayers ask.
To qualify for the IRS forgiveness program, you are required to file all the tax returns, and along with that, you need to submit documents that prove your financial hardship. If you fail to understand the documentation requirements and the filing procedure, you can even consider contacting the tax professional at Capital Tax Relief.
Yes, the IRS does offer a program known as the “ Fresh Start Program.” This program is designed to help taxpayers struggling to pay off their tax obligations. In simple terms, this program aims to provide manageable options to settle debts and reduce the financial burden on individuals and businesses. This program’s eligibility criteria depend on the tax debt and individual situations. So, if you are in a tax situation and need assistance, consider contacting Capital Tax Relief.
Well, most people can’t pay off their back taxes. However, in such situations, you can contact tax professionals at Capital Tax Relief, as they can help lower tax liability and convert your tax payment into affordable monthly payments.
Remember, the settlement period can vary depending on your case. A few people can expect to settle within seven months. Initially, the process starts with gathering all the necessary documents per your case so you can appeal for an Offer In Compromise ( OIC) or get a penalty abatement. So, the case building process can take roughly a month. After the document submission, the applicants are expected to wait for 3-4 months. So, because of these reasons, it is suggested that you must submit all forms and documents required to make the settlement process quick.
Under the IRS tax relief initiative, taxpayers are offered multiple options. Some of the common tax relief options include the following:
At Capital Tax Relief, there is a team of experienced tax specialists who can help you out with your taxes. For assistance, first, you are required to schedule a free consultation with tax specialists. They will review your case and might even ask you to provide the necessary documentation. Then, after reviewing your case, they will devise a plan to help reduce your tax liability and offer a quick resolution to ensure your financial stability.
A free tax consultation generally covers a discussion with a tax expert who assesses your current tax situation, identifies your tax-related issues, and explores the potential solutions and relief options available. This consultation can be a great opportunity to gather all the details about your situation and learn about the potential relief options such as Offer In Compromise, Installment Payment, and other programs that can help manage the taxes and reduce your tax liability in the long run.
If you wish to explore the relief options for your tax situation, book a consultation today.
Receiving an IRS notice can be scary, but the situation is manageable if you know what exactly to do. However, if you are working with a tax professional like the Capital Tax Relief tax specialist, you should notify them as soon as you receive a notice. They will guide you through the process when you receive a notice from the IRS.
