Tax Relief Thornton CO | Tax Relief Systems

Tax Relief Thornton CO

Tax Relief Thornton CO

If you live in Thornton, then you know how your taxes and the IRS are never going away. However, that does not mean you do not have choices when they are contacting you directly. Just because the IRS has singled you out for collection of tax debt does not mean you do not have tax relief choices. Have you made a mistake or been informed by the IRS of irregularities? Are you behind and have several years of unpaid taxes? Or simply you owe more than $10,000. These are legitimate issues Thornton taxpayers find themselves in and sometimes their issues are even more unique. The one true constant is the IRS has an amount they deem owed and they are set on collecting it. Tax Relief Systems, LLC is the premier tax relief Thornton experts with years of experience and education in the complexities of tax law.

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Available Thornton Tax Relief Programs

When you consider all the reasons the IRS must contact you, in Thornton, there are a comparable number of available IRS tax relief programs. Principally, used by most people, the ability to pay the full amount owed, per the IRS, is not feasible. The Installment Agreement choice is frequently used or some other form of IRS payment plan, which allows taxpayers the opportunity to pay tax debt over months or maybe years. Another existing choice is to seek Currently Not Collectible status. This choice only works if you are financially unable to make any payment toward your tax debt, and provides a specific period preventing IRS collection action resulting in tax relief Thornton CO. Occasionally, this course of action can lead to IRS collection prevention indefinitely or even IRS forgiveness of debt. Settlement is an choice

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As previously mentioned, settlement with the IRS is a realistic choice. If the issue is right, the IRS may be prepared to settle for far less than the amount owed. First you must qualify for a settlement request, such as an Offer in Compromise. The process is strict and will require you to provide detailed financial information. It is important to note only a small percentage of settlements are approved by the IRS annually. Once requested, your tax debt statute of limitations is suspended when your settlement request is being reviewed, essentially extending the amount of time the IRS has available to collect what you owe. A tax debt settlement may be your best choice, but it is highly recommended to consult a tax relief expert before submitting a settlement request.

You have thoroughly examined your choices for moving forward and have a basic idea which choice works for you. Please consult with a Thornton licensed tax professional first. Thornton tax relief professionals, such as Tax Relief Systems, can provide you with a free consultation to determine what choice is going to work best for you, after considering your issue and budget. Opting for professional assistance when handling your IRS tax debt is the best choice. It is never wise to go it alone when dealing with the Internal Revenue Service or procrastinating.

Tax Relief Systems can provide you an affordable tax solution today, call now! (920)770-3937

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