Real IRS Tax Debt Relief Programs
Unfortunately, there are companies that have bilked millions of dollars from desperate families trying to understand IRS tax debt relief programs. Companies like AmeriDebt, Inc., United Legal Center, Inc., National Legal Network, Inc., and hundreds more have been closed by the Federal Trade Commission.
To make their crimes worse, they prey on those who actually needed help. Instead, they ended up with more problems than they did before they reached out for help. So, we have put together some Real IRS Tax Debit Relief Programs that may help you.
Loan Repayment Grants
These grants are authorized for debt cancellation for taxpayers with debt owing to the Internal Revenue Service that is still outstanding at the end of the year and which is not fully repaid by the end of the calendar year.
These grants are authorized for debt cancellation for taxpayers with debt owing to the Internal Revenue Service that is still outstanding at the end of the calendar year and which is not fully repaid by the end of the calendar year.
Taxpayer Relief Loans
These loans are intended for qualified taxpayers who have already incurred all or part of their tax liability but are unable to pay that tax liability as required by the Internal Revenue Code.
These loans are intended for qualified taxpayers who have already incurred all or part of their tax liability but are unable to pay that tax liability as required by the Internal Revenue Code.
The Inactive Refund Deferral Program
This program allows a taxpayer to delay the date that the tax liability becomes due and is satisfied until the Taxpayer receives a refund from the IRS.
What are the eligibility requirements to get tax relief?
· You must have an unpaid tax liability
· You must be receiving the Earned Income Tax Credit
· You must be claiming a lower rate of personal exemption than you actually have
· You must have a financial hardship that qualifies you to qualify for tax relief.
You may qualify for the Tax Relief if your total tax liability is $3,000 or more, but less than $10,000 if filing jointly, or $4,000 or more if filing separately.
IRS tax debts can be partially forgiven in some cases. Now, IRS tax debt forgiveness programs do not erase tax debts, but can certainly help reduce the burdens that keep you up at night.
This article does not constitute legal or tax advice. It is meant to serve as an educational tool. Making yourself aware of these programs will make you a more informed advocate for yourself and your family. Always use a trusted attorney or accountant who specializes in tax counseling.
Consultations may also be available at your local IRS office and online at https://www.irs.gov/individuals/speaking-to-the-irs-regarding-a-tax-problem-or-problem-solved-by-you/