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Posts Tagged ‘tax debt relief’

Why Your Tax Debt Might be Currently Not Collectible

October 30, 2014  |   Tax Advice   |   Tags: , ,  

You may feel a financial strain from day to day living from simply not making enough money or being stretched too thin with credit card debts. If you add a tax debt into the mix, it may push your finances to the breaking point. Fortunately, the IRS makes exceptions for those facing a financial hardship as a result of having to pay back taxes. Depending ...

Simple methods for tax debt relief

September 30, 2014  |   Tax Advice   |   Tags: , ,  

Why is tax debt resolution considered to be so difficult? It doesn’t have to be aggravating if you take the right steps towards a resolution from the beginning. Primarily, you have to analyze your ability to pay. Ideally, you’ll find a resolution that enables you to spend as little as possible. Timing is also important in reducing your tax debt amount. The most important thing ...

Tax debt resolution through currently not collectible

September 08, 2014  |   Tax Advice   |   Tags: , ,  

When the situation arises where you do not have the financial potential to pay the back taxes that have collected, rest assured as there is relief because of the currently not collectible (CNC) option. The IRS will require evidence of the financial austerity by form 433-F, collection information statement, before considering the person for the status of the currently not collectible. To assess ...