With the Right Approach, You Can Recover From Staggering Tax Debt
By Taxation Solutions, Inc. on 2015-09-15
You can only live so long with the pressure of owing back taxes. Eventually the financial stress will take its toll on your health and well-being. The good news is you have options for resolving your IRS tax debt. To understand these options and how they apply to your case, it’s best to work with experienced professionals who are well versed in the latest tax laws and IRS practices.
For many individuals struggling to pay back taxes, the situation can feel hopeless. Depending on how much time has passed, you could be facing a tax liability so inflated by penalties, fines, and interest, that there’s simply no way you could cover the full amount. That’s when it pays to have knowledgeable tax experts representing your interests. Negotiating a tax debt settlement is a lengthy and complicated process. It’s vital to have tax pros on your side who know how to take on IRS officials and get results.
An offer in compromise, for instance, can reduce your tax burden by thousands of dollars. If you’re unable to pay your back taxes in full, this type of agreement between you and the IRS could be the answer. It allows you to pay back just a fraction of what you owe, while at the same time protecting you from IRS wage garnishment.
If you’re ready to put an end to the hardship of back taxes, don’t go it alone. The skilled staff at Taxation Solutions, Inc. has helped countless taxpayers gain financial freedom from mounting tax debt. We’re the team you can count on in the San Antonio area for competent counsel every step of the way. Contact us today to get started on the tax resolution plan that’s right for you!