The IRS and tax relief : is this a viable option?
First of all, when it comes to owing the IRS unpaid taxes everyone seems to get nervous about it. The IRS has a long history of asset seizures and this is probably everyone's worst fear. IRS asset seizures are pretty straight forward, they basically notify the person who owes back taxes through a federal tax lien. This gives the IRS the power to seize or control any income attained by the delinquent tax payer through the sale of real estate. This can be a very scary situation and there are many programs that can be used to get passed it. One of these programs is called tax relief and it is offered by a variety of tax debt relief companies.
Tax relief is specifically designed to deal with liens,payroll problems,wage garnishments,levies,penalties and possible state issues. These companies have a variety of ways they can help you with your unpaid taxes. They can help you with harassment, moderate your debt or establish a settlement with the IRS. This is very important because the worst possible you can do with unpaid tax debt is ignore it. When you ignore your tax debt it will only get larger and attract even more attention from the IRS. So finding a solution to these unpaid debts should always be one of your top priorities. One of the most overlooked aspects of these situations is actually starting the process. Don't be afraid to call a debt counselor to get some information on what would be the best way to takle your tax debt head on. Following this you will be contacted by them and they will provide you with all the pros and cons of the tax relief process.
After you've started the tax relief process the company will analyze and study your case. Next, you will be referred to their mediation and resolutions department where they will determine what possible solutions best fit your present situation. During this process the tax relief company will negotiate with the IRS to determine what resolution can be reached that will benefit both sides. The company will then check with the government to ensure all of your information is up to date and accurate. This ensures you will have the fastest possible tax relief process.
Finally, the last step will be the completion of your case. By the time you reach this step the tax relief company should have already negotiated your case with the IRS. This means you should have enough financial flexibility to pay for your unpaid debt in a pre-established amount of time.
Remember that paying your unpaid debt in full or negotiating the payments are your best options when it comes to dealing with the IRS. The IRS will look for different ways to get the money from you so make sure they get it on your terms. If you manage to start the debt relief process in time you should be able to avoid the IRS asset seizures and ensure a better future for your family.