subject: IRS tax debt – owed the IRS over $ 25,000? 3 ways to eliminate the IRS debt [print this page] IRS tax debt owed the IRS over $ 25,000? 3 ways to eliminate the IRS debt
It grows and grows: 's shoot your debts like a weed. If I owe you more than $ 25,000 in debt, you may not start. A small debt can grow to a strong and fast. Why? Because the IRS imposes a harsh penalty and interest charges. It must be added each month. If we do not act quickly the debt will grow even bigger.
Monthly Salary: pay a lump sum of $ 25,000. You can pay the IRS monthlywith an "installment agreement. But be careful. This program is a binding contract.'re paying agrees to pay a fixed monthly sum, debt is high. For example, if one may say that paying $ $ 25,000 tax liabilities for three years , which is $ 694.44 per month (plus penalties and interest.)
Settle it: You can pay less than they owe. The 'offer of compromise "program allows you to pay your debts. It' very difficult to qualify for an 'offer of compromise." Sixgoing to fill the pages with care of paperwork with supporting documents to prove that you deserve to pay your debt.
Demonstrate Discomfort: Buy some time. Maybe you did not work, no money and no assets. It could be a "hardship" or "not currently qualify Collectible" status. If you do this, the IRS will be given six months to a year to straighten out your finances. But beware, once the period of six months, efforts continue to complete collectionForce.
Final Warning: never ignore your IRS debt, for the notes used in the mail. But be careful to note that a "final warning Levy said." If you receive e-mails in this letter, you or your bank account your salary to kiss goodbye. Uncle Sam is tired of waiting. He wants his money. Act quickly to ensure that money is not taken by force.
Exclusive Club: do not be mislead. It 'difficult to qualify for thisPrograms. You have to prove beyond doubt that you will pay the debts you go without basic necessities. To check your paperwork and make sure you fill everything. One mistake and you could be denied.
