What Should You Do If You Get a Letter From the IRS?
If you just opened up a letter and saw a massive number and a due date staring back at you, then the IRS is preparing to take legal action.
Should you miss their assigned deadline, the IRS will use all their collection power by raising interest or applying late penalties.
Now, more than ever, you need to reach out to a tax professional. An expert can give you greater insight into your financial situation, particularly if you should pursue tax relief.
FreshStartInfo can connect you with one of the top tax relief companies in the nation. While not everyone qualifies, you won’t know if you never check for yourself – that’s why we offer our tax relief survey as a FREE resource.
How Does Tax Relief Work?
You have probably heard of offers to “completely eliminate” or “totally wipe out” your tax debt. Though these statements sound like scams, there does exist a program that can, quite literally, “wipe out” your tax debt.
This program is known as the IRS Fresh Start Initiative.
The federal government created it in 2010 and enforced it upon the IRS so that taxpayers without the means to repay their debts could have a reasonable alternative to total financial ruin.
Depending on what program a taxpayer qualifies for, the IRS Fresh Start Initiative can allow them to reduce their tax debt to a more manageable amount; we’ve seen reductions by as much as 90% or higher.
Nevertheless, navigating the eligibility process with the IRS can be a struggle. Routinely, the IRS disqualifies perfectly suitable taxpayers or argues them into an unreasonable payment plan.
To avoid these pitfalls, FreshStartInfo recommends that you enlist the help of a tax professional.
Once you have received an IRS letter, time is not on your side.
You must get professional representation to prevent the IRS from placing a garnishment on your wages or from seizing your assets.
Furthermore, as California, Michigan, and New York open up and things start to return to normal, the IRS won’t be as lenient or forgiving in the absences of nation-wide distress.
So, don’t delay, take necessary action today!
See if you qualify for the Fresh Start Program
Remember, we provide our tax relief survey as a FREE resource – see if you qualify today!
- Answer a few questions about your finances
- Qualify and be presented with a resolution
- Enroll in Fresh Start
You can click here and get connected with a verified partner of freshstartinfo.org.