Help From IRS Debt

Have no doubt, the Internal Revenue Service may be slow but they are as persistent and pervasive as rust. Eventually, they review all people for compliance with federal tax debt laws. When seeking help from IRS debts, be sure to distinguish two types of tax debt liability. First, unreported income (and hence, unreported tax liability) is considered un-assessed liability and may result in criminal prosecution. This type of tax debt has no statute of limitation. Secondly, assessed taxes that are past due represent a wholly distinct and separate class of liability. In the latter case, the IRS has an extensive arsenal of tools at their disposal for the collection of taxes, yet remains also willing to negotiate payment terms to avoid unnecessary and expense use of liens, seizures and prosecution.

Professional Help

Lawyers, accountants, and especially former IRS agents routinely negotiate extended payment plans. These plans are typically based on disputed liability and extended payoff schedules. These professionals are ideally suited to negotiate complex and/or arcane tax laws. As a professional representative, they also enjoy objectivity and detachment to a degree, which enables successful negotiations. In most cases involving past due taxes, an agreement will result in substantial savings and concessions. In a worst case scenario, past due taxes can be included in a Chapter 13 plan which automatically extends payment for up to 5 years.