Do you owe back taxes to the federal government or the Comptroller of Michigan? Are you receiving letters in the mail or have been visited by an agent?
Surprisingly, the government is relentless when it comes to collecting any and all unpaid taxes. They want what they believe is owed to the Treasury. However, you might be one of the cases that make you eligible to have your tax bill reduced or eliminated entirely. The US government has put together several programs for tax relief, which may be a viable option for you depending on your unique circumstances.
Penalty Abatement in cases of a major illness, unemployment or the loss of tax records in a natural disaster, the IRS will consider waiving all or some of the fees. The fees, fines, and penalties can increase your overall tax bill by 25% or more. If this is the case, you will still be responsible for paying the underlying taxes.
Offer in Compromise If the IRS believes it will be unable to collect the entire amount it is owed. Or, there is a doubt as to the accuracy of your tax bill. Or, full payment of your back taxes will cause a serious financial hardship, then you may have the unique option of settling for less than the full amount of taxes you owe.
Innocent Spouse Relief this is a special circumstance of which your IRS issue is the result of erroneous tax returns filed by your spouse or ex-spouse. In this circumstance the government will consider what is known as innocent spouse relief, which relieves you of the responsibility of paying back taxes owed as a result of your spouse’s fraud or deception. However, you may still owe unrelated back taxes.
Financial Hardship In cases of serious financial hardship, the IRS will consider a variety of solutions to ease your situation. You may be able to skip a monthly payment, reduce your monthly payments, for example, or the IRS may suspend collection efforts.
Just like the rest of the country, Michigan is seeing its share of tax problems. An increasing number of average citizens are requiring tax relief and remedies. Tax Relief Systems, LLC has dedicated its existence to assisting individuals and businesses find a solution to IRS and Michigan Back Tax problems. The extraordinary experience and continuous education of our team in all forms of tax issues has blessed us with the ability to help in all situations. If youre not sure where to start, our Michigan office is just a phone call away.
The IRS uses many different tactics and methods to obtain their money which include:
- Penalties and Interest
- IRS Notices
- Tax Lien
- Tax Levy
- IRS Wage Garnishment
- IRS Bank Levy
Do not wait these issues must be addressed now. If you experiencing any of these, please call us today. Any misstep can cost you money.
Our team is waiting to help. Please call us today to help relieve your tax issues. Do not hesitate or procrastinate when dealing with the IRS or State Tax Department.