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Types of Tax Relief Solutions Getting a tax bill from the IRS happens to many and is certainly not a good situation to be in. How much is owed can be thousands of dollars and that is a mountain of money to many that are not wealthy to begin with. Tax relief solutions are available to those that are struggling with their tax debt. A tax relief solution available is known as not collectible status. Those that are facing wage and bank account garnishments or property liens may benefit from utilizing not collectible status. Having wages being garnished can be a financial nightmare for people that already aren’t sure how to pay their bills on time. Property liens on homes and properties can be quite upsetting as that is quite often where a person calls home. Utilizing not collectible status can help you stay in your home and not have to have it taken due to a lien or debt owed. It is likely going to require obtaining a tax attorney for this type of request as there is paperwork with the IRS involved. Not collectible tax relief can make it easier to get life on track and bring back financial stability. There is a ten year statute of limitations on IRS tax debt in which debts cannot be collected. A viable tax relief solution for many is to enter into an installment plan with the IRS. A payment plan is often appealing to people that can budget a monthly payment versus a lump sum amount. This can happen for you if you take the time to fill out the proper paperwork at the website or send it in the mail and pay their nominal application fee in addition to this. There are a variety of payment methods accepted and they will let you know what these are after you are accepted into this program. A smart method for payment is the automated bank withdrawal because it will be paid on time and you won’t have to worry about whether you have paid it or not. Last last tax relief option to be discussed is called an offer in compromise. The offer in compromise is when there is a payment for less than what is believed to be owed and the IRS settles for that lowered amount. Approval for offer in compromise is typically the most difficult of all other options as you must show dire circumstances to get approved. They may also approve this type of solution if you can show that you likely owe less than what they have billed. It is a great tax relief solution for those that can get it as it can save thousands of dollars. An IRS tax relief solution can really help and these examples should give you an idea on what you can do.The 10 Most Unanswered Questions about Options

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