What is Tax Settlement?

When it comes to back taxes, it can often feel impossible to get out from under the money that a person owes. After all, most people owe money because they don’t have enough financial capital to begin with. On top of that, the longer a person stays in delinquency, the more interest and penalties they incur, causing the amount owed to grow and grow. In many cases, people find themselves facing a total amount that they simply cannot ever imagine paying back. 

The IRS understands that, for some, finances can be extremely limited and satisfying their obligation may very well be impossible. That’s why it offers some taxpayers tax settlement. Tax settlement allows taxpayers to negotiate with the IRS to settle, or pay off, their bill for less than the amount that is actually owed. When all is said and done, the taxpayer is in compliance, and has paid the IRS less than their total amount owed.

For example, say a taxpayer has $10,000 in back taxes. They are low income and work a minimum wage job. They barely make enough to cover their basic living expenses, and have no disposable income. There is reason to believe that they may never have enough money to pay off their tax obligation. 

The taxpayer enlists a tax professional for tax settlement help. That person and their tax practitioner negotiate a payment amount with the IRS that allows the IRS to recoup some of the owed money, while still allowing the taxpayer to afford their basic needs. Through tax settlement services, the taxpayer negotiates to settle their tax bill for $3,000 via an installment agreement, one of the tax settlement options available via the Fresh Start Program. They come out of the negotiations in compliance with the IRS, and both parties leave satisfied. 

What are the Benefits of Tax Settlement?

Beyond facing a lower tax bill, there are many benefits that tax relief via tax settlement provides taxpayers. 

When a taxpayer owes money to the IRS, they become susceptible to IRS garnishment of their wages or assets. One common way that the IRS collects on outstanding taxes is by garnishing a taxpayer’s tax return. As long as a taxpayer still owes the IRS, they should expect any tax refunds to be taken by the IRS to offset their tax obligation. This process is known as tax garnishment

Additionally, if a taxpayer remains delinquent for an extended period of time, the IRS will begin to claim their assets through processes known as liens and levies. When the IRS levies your assets, they seize your assets and use their value to offset your tax obligation. When the IRS places a lien on your property, it allows them to take legal ownership of your property. Liens can have serious, negative ramifications on your credit score. 

What is Tax Settlement?

When it comes to back taxes, it can often feel impossible to get out from under the money that a person owes. After all, most people owe money because they don’t have enough financial capital to begin with. On top of that, the longer a person stays in delinquency, the more interest and penalties they incur, causing the amount owed to grow and grow. In many cases, people find themselves facing a total amount that they simply cannot ever imagine paying back.

The IRS understands that, for some, finances can be extremely limited and satisfying their obligation may very well be impossible. That’s why it offers some taxpayers tax settlement. Tax settlement allows taxpayers to negotiate with the IRS to settle, or pay off, their bill for less than the amount that is actually owed. When all is said and done, the taxpayer is in compliance, and has paid the IRS less than their total amount owed. 

For example, say a taxpayer has $10,000 in back taxes. They are low income and work a minimum wage job. They barely make enough to cover their basic living expenses, and have no disposable income. There is reason to believe that they may never have enough money to pay off their tax obligation. 

The taxpayer enlists a tax professional for tax settlement help. That person and their tax practitioner negotiate a payment amount with the IRS that allows the IRS to recoup some of the owed money, while still allowing the taxpayer to afford their basic needs. Through tax settlement services, the taxpayer negotiates to settle their tax bill for $3,000 via an installment agreement, one of the tax settlement options available via the Fresh Start Program. They come out of the negotiations in compliance with the IRS, and both parties leave satisfied. 

What are the Benefits of Tax Settlement?

Beyond facing a lower tax bill, there are many benefits that tax relief via tax settlement provides taxpayers. 

When a taxpayer owes money to the IRS, they become susceptible to IRS garnishment of their wages or assets. One common way that the IRS collects on outstanding taxes is by garnishing a taxpayer’s tax return. As long as a taxpayer still owes the IRS, they should expect any tax refunds to be taken by the IRS to offset their tax obligation. This process is known as tax garnishment

Additionally, if a taxpayer remains delinquent for an extended period of time, the IRS will begin to claim their assets through processes known as liens and levies. When the IRS levies your assets, they seize your assets and use their value to offset your tax obligation. When the IRS places a lien on your property, it allows them to take legal ownership of your property. Liens can have serious, negative ramifications on your credit score. 

Get a personal consultation.

By entering your phone number and clicking the “Get Started” button, you provide your electronic signature and consent for Community Tax LLC or its service providers to contact you with information and offers at the phone number provided using an automated system, pre-recorded messages, and/or text messages. Consent is not required as a condition of purchase. Message and data rates may apply.

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What is Tax Settlement?

When it comes to back taxes, it can often feel impossible to get out from under the money that a person owes. After all, most people owe money because they don’t have enough financial capital to begin with. On top of that, the longer a person stays in delinquency, the more interest and penalties they incur, causing the amount owed to grow and grow. In many cases, people find themselves facing a total amount that they simply cannot ever imagine paying back. 

The IRS understands that, for some, finances can be extremely limited and satisfying their obligation may very well be impossible. That’s why it offers some taxpayers tax settlement. Tax settlement allows taxpayers to negotiate with the IRS to settle, or pay off, their bill for less than the amount that is actually owed. When all is said and done, the taxpayer is in compliance, and has paid the IRS less than their total amount owed.

For example, say a taxpayer has $10,000 in back taxes. They are low income and work a minimum wage job. They barely make enough to cover their basic living expenses, and have no disposable income. There is reason to believe that they may never have enough money to pay off their tax obligation. 

The taxpayer enlists a tax professional for tax settlement help. That person and their tax practitioner negotiate a payment amount with the IRS that allows the IRS to recoup some of the owed money, while still allowing the taxpayer to afford their basic needs. Through tax settlement services, the taxpayer negotiates to settle their tax bill for $3,000 via an installment agreement, one of the tax settlement options available via the Fresh Start Program. They come out of the negotiations in compliance with the IRS, and both parties leave satisfied. 

What are the Benefits of Tax Settlement?

Beyond facing a lower tax bill, there are many benefits that tax relief via tax settlement provides taxpayers. 

When a taxpayer owes money to the IRS, they become susceptible to IRS garnishment of their wages or assets. One common way that the IRS collects on outstanding taxes is by garnishing a taxpayer’s tax return. As long as a taxpayer still owes the IRS, they should expect any tax refunds to be taken by the IRS to offset their tax obligation. This process is known as tax garnishment

Additionally, if a taxpayer remains delinquent for an extended period of time, the IRS will begin to claim their assets through processes known as liens and levies. When the IRS levies your assets, they seize your assets and use their value to offset your tax obligation. When the IRS places a lien on your property, it allows them to take legal ownership of your property. Liens can have serious, negative ramifications on your credit score. 

What is Tax Settlement?

When it comes to back taxes, it can often feel impossible to get out from under the money that a person owes. After all, most people owe money because they don’t have enough financial capital to begin with. On top of that, the longer a person stays in delinquency, the more interest and penalties they incur, causing the amount owed to grow and grow. In many cases, people find themselves facing a total amount that they simply cannot ever imagine paying back.

The IRS understands that, for some, finances can be extremely limited and satisfying their obligation may very well be impossible. That’s why it offers some taxpayers tax settlement. Tax settlement allows taxpayers to negotiate with the IRS to settle, or pay off, their bill for less than the amount that is actually owed. When all is said and done, the taxpayer is in compliance, and has paid the IRS less than their total amount owed. 

For example, say a taxpayer has $10,000 in back taxes. They are low income and work a minimum wage job. They barely make enough to cover their basic living expenses, and have no disposable income. There is reason to believe that they may never have enough money to pay off their tax obligation. 

The taxpayer enlists a tax professional for tax settlement help. That person and their tax practitioner negotiate a payment amount with the IRS that allows the IRS to recoup some of the owed money, while still allowing the taxpayer to afford their basic needs. Through tax settlement services, the taxpayer negotiates to settle their tax bill for $3,000 via an installment agreement, one of the tax settlement options available via the Fresh Start Program. They come out of the negotiations in compliance with the IRS, and both parties leave satisfied. 

What are the Benefits of Tax Settlement?

Beyond facing a lower tax bill, there are many benefits that tax relief via tax settlement provides taxpayers. 

When a taxpayer owes money to the IRS, they become susceptible to IRS garnishment of their wages or assets. One common way that the IRS collects on outstanding taxes is by garnishing a taxpayer’s tax return. As long as a taxpayer still owes the IRS, they should expect any tax refunds to be taken by the IRS to offset their tax obligation. This process is known as tax garnishment

Additionally, if a taxpayer remains delinquent for an extended period of time, the IRS will begin to claim their assets through processes known as liens and levies. When the IRS levies your assets, they seize your assets and use their value to offset your tax obligation. When the IRS places a lien on your property, it allows them to take legal ownership of your property. Liens can have serious, negative ramifications on your credit score. 

Get a personal consultation.

By entering your phone number and clicking the “Get Started” button, you provide your electronic signature and consent for Community Tax LLC or its service providers to contact you with information and offers at the phone number provided using an automated system, pre-recorded messages, and/or text messages. Consent is not required as a condition of purchase. Message and data rates may apply.