IRS Debt Forgiveness Program
Get Tax Help Today To Unlock A Debt-Free Tomorrow!
There are millions of Americans that each year find themselves in debt to the IRS or owe back taxes on their income. And with such a huge population owing government agency money, the IRS, in reality, cannot collect all those back taxes. And this is the reason why the IRS tax forgiveness program came into existence. If you cannot manage to pay your taxes fully or are not even sure how to pay back your tax debt, then at Capital Tax Relief, you can get the help you need to determine which tax forgiveness program is best for your situation.
What is the IRS forgiveness program?
The tax forgiveness program of the IRS is a way through which the taxpayers who owe money to the IRS can repay their debts in a manageable way. Basically, in this program, the taxpayers can find the best way to pay off their debt and even find a way to get relief from penalties and interest charges.
The IRS offers the benefit of tax debt forgiveness to taxpayers who meet certain criteria. To qualify for this program, the taxpayer is required to prove extreme financial hardship. So, it is clear that tax debt relief will be provided to those who qualify for specific criteria. Further, there are a few options in the program that can allow you to consolidate your debts into monthly payments, and there are a few that can help you get tax debt reduction. So, if you are struggling to pay off your debt, make sure to explore all the options and get the necessary help. In case of queries, you can even contact the tax professionals at Capital Tax Relief.
When to consider a tax forgiveness program?
If you are facing multiple tax problems and have accumulated significant tax debt and cannot make payments fully, then it’s time you consider IRS debt forgiveness. However, while applying for debt forgiveness, one needs to remember that the IRS will have a good look at your financial situation before accepting you into the program. Also, they might not even offer relief options if they believe you can pay off the debt.
How does the IRS debt forgiveness program work?
The program works in a very simple manner. Initially, you need to reach out to a tax professional at Capital Tax Relief, who will look at your case and offer you tax debt help and the best options. From there, you are likely to fill out the form for IRS debt forgiveness that perfectly outlines your financial situation. After that, the IRS will review your details and offer you the best relief options. In case you fail to qualify for the relief program, then tax professionals at Capital Tax Relief will provide you with an alternative course of action that can help you with tax debt settlement.
Who is eligible for IRS debt forgiveness?
To be considered qualified for the IRS tax forgiveness program, the taxpayers must need to fulfill these requirements:
- No prior history of late payments to the IRS.
- Proof of paying tax liability will cause financial hardship.
- Being up-to-date with the current tax year.
However, if you still have doubts regarding your eligibility, you can consider contacting the tax experts at Capital Tax Relief and determine whether you qualify. So, don’t wait any longer and get tax debt help today.
What is the average wait time for a decision from the IRS?
Several factors can impact the duration of receiving the decision on the tax relief request. Some of these factors include the nature of the case, the jurisdiction and the volume of evidence, and more. In general, it might take a few months to a few years before the final decision is made on the part of the IRS. So, to ensure that things are done right in the first place, it is suggested that you should consult a tax professional at Capital Tax Relief to get maximum deductions on your debt and access a manageable way to pay off the debt owed.
