Uncle Sam Wants You To Settle Your Back Taxes
Are you aware that it's possible to settle your back taxes with the I.
R.
S.
? If you qualify, Uncle Sam will accept settlements as low as 10 cents on the dollar! Due to the recession, the I.
R.
S.
has become more lenient with taxpayers.
"Good News For You.
Tax Settlement Is Not For The Rich" How does tax settlement benefit you? If you qualify, you will only be obligated to pay back a small fraction of what you owe Uncle Sam.
If you are experiencing financial difficulties, and you can provide legitimate reasons why you didn't pay your back taxes, then interest and penalties should be reduced or eliminated.
If you are not financially secure and you don't have a significant amount of assets, you may qualify.
In general, the more impoverished you are, the less you will have to pay back to the I.
R.
S.
However, depending on the settlement option, you may be required to sell major assets to reduce the amount that you owe to the I.
R.
S.
A prerequisite to qualifying is that you must have filed your your income taxes for all previous years.
Offer Uncle Sam As Little As You Want Here's how it works.
First, choose the best settlement option you feel that you qualify.
Then, submit an application to the I.
R.
S.
Next, state how little you want to offer.
After that, submit the application, along with financial documents such as income, expense and asset documentation.
After reviewing your file, the I.
R.
S.
may respond one of several ways:
You may choose to utilize the services of a CPA or Tax Attorney.
They generally will be able to obtain a better settlement than if you filed yourself.
However, with almost anything else, you may choose to do it yourself.
Happy Bargaining!
R.
S.
? If you qualify, Uncle Sam will accept settlements as low as 10 cents on the dollar! Due to the recession, the I.
R.
S.
has become more lenient with taxpayers.
"Good News For You.
Tax Settlement Is Not For The Rich" How does tax settlement benefit you? If you qualify, you will only be obligated to pay back a small fraction of what you owe Uncle Sam.
If you are experiencing financial difficulties, and you can provide legitimate reasons why you didn't pay your back taxes, then interest and penalties should be reduced or eliminated.
If you are not financially secure and you don't have a significant amount of assets, you may qualify.
In general, the more impoverished you are, the less you will have to pay back to the I.
R.
S.
However, depending on the settlement option, you may be required to sell major assets to reduce the amount that you owe to the I.
R.
S.
A prerequisite to qualifying is that you must have filed your your income taxes for all previous years.
Offer Uncle Sam As Little As You Want Here's how it works.
First, choose the best settlement option you feel that you qualify.
Then, submit an application to the I.
R.
S.
Next, state how little you want to offer.
After that, submit the application, along with financial documents such as income, expense and asset documentation.
After reviewing your file, the I.
R.
S.
may respond one of several ways:
- Inform you that the file is incomplete.
- Notify you that you do not qualify for the settlement option.
- Adjust the amount of your offer.
- Accept your offer.
You may choose to utilize the services of a CPA or Tax Attorney.
They generally will be able to obtain a better settlement than if you filed yourself.
However, with almost anything else, you may choose to do it yourself.
Happy Bargaining!
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