Are You Being Hassled by the IRS?

Written by Channel 11 Houston on July 5, 2013. Posted in Back tax help, Stop irs wage garnishment, Tax debt relief

Tax debt settlement

Taxes, the word that can start a debate as soon as it is dropped in a conversation. The thing about taxes everyone should know is that they have been around for a long time now and they do not seem like they are going anywhere anytime soon.

Back in the days of the Civil War, a person earning anywhere from $600 to $10,000 per year paid at the same tax rate of 3 percent . That seems like a pretty decent sized range to be charging the same amount in taxes. This is similar to the arguments of today, because not everyone can afford to pay the same amount of money now either.

But if something goes wrong and a person or company happens to not pay their taxes or has any debt at all, everyone knows what happens next… Here comes the IRS! IRS tax debts are never good thing have because you can get yourself into some serious legality troubles.

If there is ever a situation where you find yourself with some IRS tax debts, it is important to seek assistance to assure that everything gets done legally and efficiently. People seek help paying back taxes all of the time, there are many tax relief companies that can provide such a promising service.

The best tax resolution services will provide help with IRS tax debts and will work towards some sort of Irs tax relief. But not everyone can just ask for IRS tax debt help, a person must meet one of three conditions and prove its truth. If they are found to be experiencing one of these three conditions then they will be provided with three different option of compromise settlements based on their present situation.

The three types of compromise settlements offered to a person are doubt as to liability, doubt as to collectibility, or effective tax administration. Doubt as to collect, or simply known as DATC, is offered when a person has no ability to pay the full tax bill. Effective Tax Administration, also known ETA, Requires that a tax payer is flat out ineligible based on either of the other two, doubt as to liability, or doubt to as collectibility.

The government is going to always require us to pay some money, but sometimes in these rough situations where it is just not possible, we are lucky to have IRS offer and compromise. But it is hard to do on your own; it is nearly impossible. This is why it is important to seek professional help when messing with IRS tax debts.

Sometimes everything can even be prevented from the very beginning though. For example, in 2001 George W. Bush offered a series of tax cuts; the largest of its time was known as The largest was the Economic Growth and Tax Relief Reconciliation Act.

IRS tax debts are never a good situation for anyone. It is important to keep track of money when it comes to paying the Government because they will seek you out if you do not pay, whether you have a good reason or not. We are lucky to have options when it comes down to these situations, but we need to take advantage of them, or else we can find ourselves in even more trouble than just an Irs tax debt.

Comments (7)

  • October 19, 2013 at 10:21 am |

    We are lucky to live somewhere where we are aloud the option of compromise!

  • February 23, 2014 at 3:53 pm |

    I hate taxes! I see my paycheck just disappear each week because of them! why am I paying for other peoples things and assistance.

  • Wesley Benson
    March 25, 2014 at 5:55 pm |

    I hate taxes! I see my paycheck just disappear each week because of them! why am I paying for other peoples things and assistance.

  • April 24, 2014 at 6:58 pm |

    I hate taxes! I see my paycheck just disappear each week because of them! why am I paying for other peoples things and assistance.

  • Victoria Watson
    May 24, 2014 at 6:59 pm |

    I hate taxes! I see my paycheck just disappear each week because of them! why am I paying for other peoples things and assistance.

  • June 23, 2014 at 7:06 pm |

    I hate taxes! I see my paycheck just disappear each week because of them! why am I paying for other peoples things and assistance.

  • July 23, 2014 at 7:07 pm |

    I hate taxes! I see my paycheck just disappear each week because of them! why am I paying for other peoples things and assistance.

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