February 3, 2023
February 3, 2023

Tax Relief – Tackling the Money Owed to the IRS

Tax relief is a program or incentive designed with the singular focus of reducing the oppressing tax bill owed by an individual or business entity. Tax relief is a broad definition and to make it clearer we need to make sure a few things are defined clearly.

What is Tax Relief to a Norwalk CA taxpayer? It depends on tax position, individual or business.  Which do you fall under? Specifically, federal taxes are under the auspices of the Internal Revenue Service (IRS), and state taxes are controlled by the Department of Taxation and Finance for the State of California.

Do you owe money to the IRS or the State of California and if so, how much? More than $10,000? Call Tax Relief Systems now ignoring it, or procrastination will not make your situation better, it may do more harm.


Tax Relief Norwalk CA

Norwalk, CA taxpayers are in severe need of relief from the burdens imposed by past-due tax bills that have ostensibly gotten out of control, by no fault of their own.  The choices available from both federal and state agencies are simple and almost identical however going it alone to resolve your problem is not recommended.

Even with the choices, the agencies will not cease the relentless collection actions of their agents for monies deemed owed. They will become more aggressive; in their view, you owe the money, and you need to pay quickly. Often a discrepancy can exist between the amount they think you owe and what you actually owe. This discrepancy needs to be cleaned up and you cannot go at this alone. You need a tax relief expert to assist in the resolution.  Self-representation is not advised.

Sometimes Norwalk taxpayer cases are eligible for tax bill reduction or, in rare cases, elimination. This may be a possible choice depending on your unique circumstances.   Are you ready to start your relief now?   (424)264-5854

Options to Relieve Tax Stresses – Norwalk

For tax relief, in Norwalk, we need to examine the different options available and find the right one for your unique situation that fits within your budget.  Sometimes, it’s best to begin by looking at the option most people think of when they imagine tax relief.

Taxpayers like the idea of paying less, in the end, than they owe.  Offer in Compromise is an option for tax relief if:

  • The IRS is convinced it will be unable to collect the entire amount it is owed.
  • There is doubt as to the accuracy of your tax bill.
  • Full payment of your back taxes will cause serious financial hardship.

If any of these apply, then you may have the option of settling for less than the full amount of taxes you owe.

The next option is Financial Hardship consideration. Financial Hardship is an option for tax relief that focuses on your finances. 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, or reduce your monthly payments, for example, or the IRS may suspend collection efforts. Events that can cause financial hardship:

  • Natural Disaster
  • Separation or Divorce
  • Large moving expenses
  • Currently unemployed and it would cause financial hardship to pay taxes owed
  • You received a significant decrease in pay and paying the taxes owed would cause financial hardship
  • Large medical expenses incurred or currently ill
  • Unexpected home or auto repairs that caused financial hardship
  • Death in the Family
  • Child Support

Penalty Abatement is an option 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.

Did your spouse make a mistake and now you’re left holding the bag?  Innocent Spouse Relief is a special circumstance choice for tax relief by which your IRS problem 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.

Norwalk Tax Relief Assistance

Norwalk, CA is seeing an increase in tax-related problems. Tax Relief Systems, LLC has experienced firsthand the burden tax problems weigh on families and individuals. The stress is unbearable for most. You do not have to go through this alone.

By focusing on assisting Norwalk taxpayers and the monies they owe, Tax Relief Systems, LLC has refocused its dedication to assisting individuals and businesses find a solution to IRS and California Tax problems. Our staff of professionals has seen almost all possible tax situations and can confidently offer solutions. If you’re not sure where to start, our Norwalk office is just a phone call away.  (424)264-5854

Do not wait for these problems must be addressed now. If you are experiencing any of these, please call us today. Any misstep can cost you money.

Our Norwalk team is waiting to help. Please call us today to help relieve your tax problems. Do not hesitate or procrastinate when dealing with the IRS or State Tax Department.

Schedule your Free Consultation! (424)264-5854

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