IRS Bill and Tax Relief Help

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

jassica

Joined: 13 Sep 2009
jassica's page
Posts: 76

10 Magic Points

Subject: IRS Bill and Tax Relief Help

Mon Oct 05, 2009 2:53 pm

I have an IRS bill of about $25,000 Dollars and I earn very little. I need tax relief help!

goodnatured

Joined: 03 Nov 2007
goodnatured's page
Posts: 3927

10 Magic Points

Tue Oct 06, 2009 1:45 am

You really should contact an irs tax person, they will make payment arrangements with you. They can't take what you don't have.

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Tue Oct 06, 2009 10:14 am

Hi Jassica,

You should immediately consult a tax relief company to get rid of the IRS debt. However, there are certain ways to get relief from IRS tax debts. You can try to settle the debt by materializing an installment agreement plan. In this plan you will have to monthly installments to repay the debt. You can also opt for offer in compromise. In this option, you can arrive at amount payable by you, less than the original amount you owed to them.

You might also want to settle for partial installment plan in which you will have to pay the amount but with a reduced rate of interest. There is also another program through which the IRS gives you more time to pay your debt voluntarily by not collecting it for one month. Lastly, you can file bankruptcy. You can either file chapter 7 or chapter 13 bankruptcy.
_________________
All the Best Smile

Justin

Quick Reply

Your Name

Subject

Message body


Page 1 of 1

Home|Contact Us|Terms of Services|Privacy Policy|RSS

* Disclosures:

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.