Back Taxes Payment Alternatives

Do you owe back taxes to the IRS? Tax debt is an unshakable worry, especially when it’s so large that you can’t afford to repay it. While the IRS won’t forget that you owe them, it is possible to get back tax help and resolve the matter.

Types of Back Tax Help

There are a number of types of tax debt settlement and relief options available for people like you who owe back taxes. Some possible solutions include:

– Interest and Penalty Abatement. The IRS may be willing to remove or greatly reduce the amount that you owe in penalties in order to reach a tax debt resolution. To qualify you must have good reasons as to why you incurred the debt and cannot pay it.

– Installment Plans. The IRS actually does understand that many people cannot afford to pay all of their back taxes at once. That’s why there are various types of installment plan options for a tax debt settlement. With an installment plan, you promise to pay a certain amount of money every month until the total amount or a portion of your tax debt has been repaid. As long as you continue to make the payments as promised, the IRS will stop hassling you and won’t take further action like a tax lien or a levy.

– IRS Offer in Compromise. In some cases, you can get the IRS to settle for a lump sum payment that is less than what you owe. This is known as an offer in compromise and can dramatically reduce the amount of back taxes owed in some cases.

The Importance of Professional Tax Representation

While it’s possible to get tax debt relief through one of the methods listed above, the rules and requirements governing some of these tax debt settlement options are complex. It can be hard to know what you qualify for and trying to talk to the IRS to find out can be frustrating if you don’t know the tax law inside and out.

That’s why it’s best to have an expert on your side to assist with tax negotiation and resolution for back taxes. An expert can make sure that you get treated fairly by the IRS and can settle your IRS tax problem as easily and affordably as possible.

Get Reliable Back Tax Help

For back tax help, you can trust Mike Habib, EA, a federally IRS licensed EA enrolled agent, Mike is a trusted IRS tax problem solver. With his years of experience, he knows the tax laws forwards and backwards and can provide you with advice about what type of tax debt settlement will give you the best resolution.

Then, Mike will represent your interests before the IRS and handle the negotiation process on your behalf. He can take action to get the IRS to release your bank tax levy, tax lien or stop your wage garnishment and then work with the government to get you a fair settlement with a lump sum or a payment plan that you can afford.

To learn more about back tax help and take the first step toward being tax debt free, call Mike Habib, EA at 877-788-2937.

About Mike Habib, EA NTPI Fellow®: Former Dave Ramsey ELP 2012-2019

Mike Habib is an IRS licensed Enrolled Agent who provides back tax help in various metro areas such as Los Angeles, Whittier, Pasadena, Glendale, Burbank, Orange County, Riverside, Palm Springs, San Bernardino, Palmdale, Bakersfield, NYC, New York, New Jersey, Chicago, Houston, Phoenix, Philadelphia, San Antonio, San Diego, Dallas, San Jose, Detroit, Jacksonville, Indianapolis, San Francisco, Columbus, Austin, Memphis, Fort Worth, Baltimore, Charlotte, El Paso, Boston, Seattle, Washington DC, Milwaukee, Denver, Louisville, Jefferson, Las Vegas, Reno, Hempstead, Tucson, Nashville, Davidson, Portland, Tucson, Albuquerque, Santa Fe, Anchorage, Atlanta, Long Beach, Fresno, Sacramento, Mesa, Kansas City, Cleveland, Virginia Beach, Omaha, Miami, Oakland, Tulsa, Honolulu, Minneapolis, Pittsburgh, Colorado Springs, Arlington, Wichita, Birmingham, Montgomery, Tampa, Orlando.