Understanding tax debt relief starts with understanding that one of the core tasks of the Internal Revenue Service, better known as the IRS, is to collect federal income taxes. Our Congress has provided the IRS with an extreme amount of authority and power to allow it to carry out this task. Taking these powers into consideration and the vast number of resources they have at their disposal, the IRS has become the world’s largest, most successful and most aggressive and successful collection agencies.
Nonetheless, in process of fulfilling its collection mission, Congress HAS NOT given the IRS the authority or the reach to unfairly, unjustly or illegally harass taxpayers or put them in a situation of undue hardship in pursuit of its collection mission.
Bearing that in mind, the IRS is bound by law to work with each and every taxpayer to find a resolution to that taxpayer’s past-due tax liability. This is essentially tax debt relief and is based on that taxpayer’s distinctive economic situation. For example, it wouldn’t compute for the IRS to garnish the wages of someone who has monthly living expenses of $1350.00 and they earn a meager $400.00 per week with a tax liability of $12,000.00. Such as action would most likely put that person in the streets.
For that reason, the IRS offers several programs to taxpayers with past-due federal income tax liabilities. We classify them as tax debt relief programs. The purpose of these various programs is to present an different of options for taxpayers to clear up their tax liabilities. Here are the most common programs: Currently Not Collectible Status, Installment Agreement and the Offer in Compromise.
Before the IRS will consent to any of these Tax Debt Relief solutions, they will perform an analysis of the individual’s financial situation. This indepth analysis will help the IRS determine the reasonable collection potential of the taxpayer. By taking a proactive position and initiating a resolution with the IRS, most taxpayers with past due tax liabilities, can come to a solution that is good for them based on their financial status.
Before talking to an attorney or searching the web for hours on end, take a look at the Secret of the IRS, written by a Retired IRS Revenue Officer. It’s a complete step by step tutorial to obtaining Tax Debt Relief. This is all you’ll need to insure that your rights asre not violated and that you’re able to resolve this matter without losing your mind.

