When it comes to dealing with taxes, it’s easy to spiral into costly mistakes down the line. Between 2008 and 2010, a record $458 billion dollars was left unpaid in tax debt. As a result, the IRS has become a relentless government authority whose number one goal is to get their money back from you. If you owe more than $10,000 to the IRS and are in a constant state of worry and anxiety, it is crucial to have a qualified tax professional on your side–especially if you would like to explore IRS settlement options.
Civic Tax Relief has in-depth experience in negotiating with the IRS. In many cases, we are able to negotiate an amount less than the original debt through something called an “offer in compromise” (OIC). An offer in compromise allows qualified taxpayers with an unpaid tax debt to negotiate a settled amount that is less than the original amount owed. While it is highly unlikely, if not downright impossible, to settle your debt for “pennies on the dollar,” it is possible for Civic Tax Relief to save you thousands of dollars in taxes, interest, and penalties.
If you can pay back your tax debt on a standard IRS installment repayment plan, tax settlement may not be a feasible option for you. Receiving an offer in compromise is tailored for those individuals experiencing a high amount of financial hardship and are in arrears of their unpaid tax debts in the excess amount of $10,000. It’s important to note that if a tax settlement is reached, it is essential to pay the full balance within the time agreed upon as well as to continue to file your taxes on time.
If you’re unsure if tax settlement could be an option for you, Civic Tax Relief can be of help. Our agency is staffed with qualified tax attorneys, enrolled agents, and certified public accountants whose only focus is on tax relief. We are consistently helping people just like you get from out the stronghold of the IRS. Contact Civic Tax Relief today!