Tax Relief Westminster CO
Do you owe back taxes to the federal government (Internal Revenue Service) or the Colorado Department of Revenue? Unfortunately, both entities access fines and interest, when tax payments are not paid, that quickly rise to an uncontrollable level. Thus, the need for Tax Relief Westminster. Westminster, CO residents and taxpayers need relief from the burdens of tax bills that have seemingly gotten out of control by no fault of their own. The solutions available by both agencies are easy and are almost identical but going it alone to resolve your issue is not recommended. Even with the options, they will not stop the relentless actions by their agents to collect monies deemed owed. If anything, it makes them 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 really owe. This discrepancy needs to be sorted out and you cannot go at this alone. You need a tax relief expert to assist in resolution. Self-representation is not recommended. As with other parts of the country, sometimes Westminster taxpayer cases are eligible for tax bill reduction or elimination. This may be a feasible option depending on your unique circumstances. Are you ready to start your relief now? (920)770-3937
Tax Relief Westminster Relief Options
Penalty Abatement is an option for tax relief 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 is an option for tax relief if the IRS is convinced 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 is a special circumstance option for tax relief by 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 is an option for tax relief where financial hardship is taken into consideration. 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.
- Natural Disaster
- 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
- Large moving expenses
- Separation or Divorce
- Child Support
Westminster, CO is feeling the same increase in tax related problems. Tax Relief Systems, LLC has experienced firsthand the burden tax issues weigh on families and individuals. The stress is amazing. You do not have to go through this alone. This view, of Westminster tax relief, has refocused our dedication to assisting individuals and businesses find a solution to IRS and Colorado Tax problems. Our staff of professionals has seen almost all possible tax situations and are able to confidently provide solutions. If you’re not sure where to start, our Westminster office is just a phone call away. (920)770-3937
Do not wait these issues must be addressed now. If you are experiencing any of these, please call us today. Any misstep can cost you money.
Our Westminster 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.
Schedule your Free Consultation! (920)770-3937