Offer-in-Compromise
Many American citizens have been negatively affected by the economic downturn that this country has had over the past several years. This means that more people had to stretch their finances to make ends meet and provide for their families. Sometimes this has meant not paying taxes for one or several years. Eventually the IRS is going to come calling for the taxes that you need to pay. Many people really don’t know what options are available for them when it comes to dealing with back taxes and the IRS.
Most people have heard of the Offer in Compromise (OIC) program. DoggedbyIRS has been dealing with the IRS for years now and we can tell you rather quickly if an Offer in Compromise is a viable solution for your tax problems and if it is, we can assist you with an OIC. While this is certainly an option and might drastically reduce the amount of money that you will need to pay to the IRS, it is not the only solution available.
Another option that is widely available for people who owe back taxes is an Installment Agreement. If you do enter into an installment agreement with the IRS they will label that taxpayer as compliant. This will severely reduce the amount of letters and phone calls that you will get from the IRS and shows the IRS that your willingness to cooperate with them. With any solution there are always Pros and Cons, it always helps to consult an expert when reaching any agreement with the IRS, and here is another example of where Jay Allen Finn of DoggedbyIRS can help you.
Yet another option is to file an amended return with the IRS. Filing an amended return can result in a reduced liability to the IRS. But in order to properly go down this route you need to have good knowledge of the tax code and the statute of limitations.
For assistance with any of the above options with back taxes call Jay Allen Finn at DoggedbyIRS and get the IRS off of your back.
Many American citizens have been negatively affected by the economic downturn that this country has had over the past several years. This means that more people had to stretch their finances to make ends meet and provide for their families. Sometimes this has meant not paying taxes for one or several years. Eventually the IRS is going to come calling for the taxes that you need to pay. Many people really don’t know what options are available for them when it comes to dealing with back taxes and the IRS.
Most people have heard of the Offer in Compromise (OIC) program. DoggedbyIRS has been dealing with the IRS for years now and we can tell you rather quickly if an Offer in Compromise is a viable solution for your tax problems and if it is, we can assist you with an OIC. While this is certainly an option and might drastically reduce the amount of money that you will need to pay to the IRS, it is not the only solution available.
Another option that is widely available for people who owe back taxes is an Installment Agreement. If you do enter into an installment agreement with the IRS they will label that taxpayer as compliant. This will severely reduce the amount of letters and phone calls that you will get from the IRS and shows the IRS that your willingness to cooperate with them. With any solution there are always Pros and Cons, it always helps to consult an expert when reaching any agreement with the IRS, and here is another example of where Jay Allen Finn of DoggedbyIRS can help you.
Yet another option is to file an amended return with the IRS. Filing an amended return can result in a reduced liability to the IRS. But in order to properly go down this route you need to have good knowledge of the tax code and the statute of limitations.
For assistance with any of the above options with back taxes call Jay Allen Finn at DoggedbyIRS and get the IRS off of your back.
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