According to a survey conducted in 2013, Pew Research found that 51 percent of Americans have unfavorable views of the Internal Revenue Service as it ranked it at the bottom of the list in terms of public performances and perception. There are only a few who appreciate IRS debt relief and refund policies that help countless people to overcome their tax woes. Continuing on the topic, in this blog post, we discuss a few lesser-known facts about the IRS relating to debt relief that everyone should know. Read on.
Tax Relief Options
The IRS has many provisions for taxpayers to deal with back taxes. The agency has an initiative called ‘The Fresh Start Program’ that allows taxpayers to avoid IRS liens, pay back taxes, and get IRS debt relief. The IRS also provides an option of setting up an installment agreement within the Fresh Start Program. Under this initiative, taxpayers can pay their past debts within a 72-month period. The Fresh Start Tax Settlement program also allows individuals to qualify for an Offer-in-Compromise (OIC). Besides, the IRS has added more flexibility to the way it calculates an individual’s ability to pay taxes when evaluating the settlement options that allow taxpayers to pay less than the amount they owe.
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Taxpayer Advocate Service (TAS)
The Taxpayer Advocate Service is an independent organization within the Internal Revenue Service that helps taxpayers clear up their unresolved Federal tax issues. It is designed to be a taxpayer’s voice within the IRS. Similar to an IRS debt relief company, TAS assigns individuals an advocate who can help them resolve various tax-related problems, such as identity theft, tax levies, tax liens, fraud, and embezzlement.
Special Provisions
The IRS provides additional tax reliefs to businesses and individuals affected by a major disaster. In 2012, for instance, when Hurricane Sandy destroyed several parts of New Jersey, Connecticut, and New York, the IRS postponed the tax payment deadlines and filing dates, and granted tax relief to taxpayers in the affected areas. The IRS has given favorable responses even in 2013 when devastating tornadoes hit Oklahoma City and Moore, by providing special tax relief to the affected people.
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Wrap Up
If you have an IRS tax debt or any other tax-related issue, it can be difficult to know what to do or whom to turn to for help. Although many bodies within the agency can help you understand the inner workings of the IRS, the team at the Law Offices of Nick Nemeth is dedicated to finding the best solution for your tax troubles, based on your specific tax situation. Our team of IRS tax lawyers can help you solve your tax problems without getting overwhelmed by the process. For a confidential, free consultation, simply call (972) 426-2553, or fill out our contact form and we will get back to you as soon as possible.