IRS Tax Relief
When it comes to IRS tax relief programs, there is not uniform approach. Rather, there are a variety of options and resources available to you based on your unique situation. At Innovative Tax Relief, our experts specialize in providing tailored solutions to alleviate your tax burdens. Whether you’re facing unpaid taxes or need assistance with financial planning, we offer comprehensive services to address your individual needs.
Explore our tax relief services below and let us guide you through the process with confidence.
What are the different types of IRS tax relief services?
When it comes to IRS tax relief, there’s no one-size fits-all solution. Our mission is to provide a highly personalized customer service experience that puts your best interest first. This means providing tax relief recommendations based on what is most advantageous for you.
For the tax relief experts at Innovative Tax Relief, the word “advantageous” is twofold. On one hand, we want to provide you with options that are the least stressful for you. And on the other hand, these options should be what can benefit you the most.
Partner with us to reduce stress and improve your tax issues. With our expertise, you can achieve IRS tax penalty relief, and make your tax burden a problem of the past.
Discover the types of IRS tax relief services we offer:
Bankruptcy
Taxes aren’t automatically wiped out when you file for bankruptcy, but our tax relief experts can help and in many cases you can avoid bankruptcy. We’ll explore tax reduction or an installment payment plan to ease your burden. In some cases, you can totally discharge your tax debt without the need for bankruptcy.
Bankruptcy as it relates to federal income tax has a lot of moving parts, which is why discussing your options with tax relief experts is important. They can help you navigate a bankruptcy decision and better understand how it plays a role in your tax situation.
Currently Non-Collectible
Currently Non-Collectible status is an option for those whose gross monthly income barely covers basic living expenses. If this sounds like you, then you may be eligible to apply. While this doesn’t mean the debt goes away, it lets the IRS know you can’t pay your tax debt at this time.
This type of program can provide tax relief and help you gain control of your finances.
Innocent Spouse Relief
Under certain circumstances, spouses can seek relief from IRS tax liability and penalties. The innocent spouse rule is a part of the 1998 revisions to the tax law. In order to receive such relief, you must meet the following requirements:
- Prove you were unaware your partners understated their income.
- Have filed a joint tax return.
If these distinctions apply to your situation, talk to our tax relief experts today.
Installment Agreement
If you currently don’t have the financial means to pay your tax debt in full, you still have options. Consider applying for an installment agreement with the IRS to pay your tax bill in reasonable installments over a set period.
It is no secret that the IRS wants to receive their tax payments. But we can help you gain control by establishing manageable monthly payments that work with your situation.
Offer in Compromise
An Offer in Compromise is an agreement between you and the IRS that allows you to settle outstanding tax liabilities for less than what you initially owe the IRS.
For many taxpayers, this is a best-case scenario. After all, there is no avoiding taxes altogether. But the ability to lower your tax liability is tax relief.
Our team specializes in negotiating with the IRS to significantly reduce your tax burden.
Penalty Abatement
If the IRS has imposed penalties without considering your circumstances, penalty abatement could provide some relief.
Let our tax relief professionals help you prove that your non-payment isn’t due to negligence.
Tax Audit Appeals
There are certainly times when an IRS tax audit is incorrect or unreasonable. If you believe this scenario applies to you, you can contest the recommendation before the IRS Office of Appeals.
Our IRS Enrolled Agents can back you up and support you in contesting the audit. Benefits from our experience and guidance through the appeals process.
Let’s discuss IRS tax relief solutions today.
Innovative Tax Relief is a full-service tax resolution firm that can handle any IRS issue. Our IRS Enrolled Agents are licensed to serve clients nationwide. So, you can count on our IRS tax relief experts to help you regardless of where you live in the U.S.
Schedule a free consultation to discuss your current circumstances and why you seek tax relief. Our team will walk you through the process of exploring your options for tax relief and negotiate with the IRS on your behalf, if need be. Additionally, we can help you better understand your financial situation, so you can prevent future tax debt.
We understand tax debt can be a burden, but it shouldn’t upend your life. You have options, and we are here to help. Take control with Innovative Tax Relief by your side.
