What is Tax Relief?
Do you owe the Internal Revenue Service (IRS) taxes that you’re having trouble paying? Whether you have unpaid taxes, tax liens, didn’t file tax returns, or have a tax collection agency breathing down you neck, help is available. But to qualify for any tax debt relief programs, you’ll need to meet certain qualifications. The type of help you receive will depend upon how much you owe, whether you must pay a tax penalty, and your financial situation. Reasons for Tax Debt You could end up owing more taxes than you can afford to pay if your income wasn’t reported, reported incorrectly, or payments were not made on time. You also can be burdened by a tax lien on property you owe. There may also be a need for tax debt relief if you have a low income or have been the victim of a disaster such as a hurricane or tornado. Whatever your situation it’s important to understand the different programs that are available to help people with their IRS debt. Set Up an Installment Plan If you’re unable t
Related Questions
- What tax relief services are available if I receive a statement from the IRS demanding payments of taxes, interest, and penalties for delinquent tax returns?
- Taxes Resources IRS Tax Relief FAQ Tax Relief Glossary Guide to Filing Late Tax Returns What to Do if You Owe Back Taxes What Are Back Taxes?
- What is Tax Relief?
