Have a Tax Bill You Can't Afford? Here's How We Can Help

Have a Tax Bill You Can't Afford? Here's How We Can Help

• Feb 15, 2023

Tax season is officially underway, and many people are already dreading the tax deadline. This is especially true of those who have calculated their tax bill for 2022 and know that they owe more than they can afford. If you have a tax bill that you can’t afford to pay, we can help. Here’s how.

Professional Guidance on How to Move Forward

Knowing that you’re about to submit a return that shows you owe money can feel like signing away your own future. Should you even file? If you do file, will the IRS demand immediate payment? What can you do to manage this debt and avoid major fees and penalties? The IRS Advocates can provide the guidance you need when filing to give you peace of mind and help you manage that tax debt.

It’s worth stating here that it is always better to file your tax return and attempt to make a good-faith payment to the IRS when you file, rather than trying to avoid the debt by not filing at all. If you have further questions about the best steps to take when filing a return for more than you can afford to pay, contact us.

Help Finding a Tax Debt Settlement Plan

If you file your return early, you’ll still have until April 15^th to pay your tax debt before you begin to accrue late fees and interest. However, that doesn’t mean it’s too soon to establish a tax debt settlement plan. We’ve helped numerous taxpayers to manage their tax debt, and are intimately familiar with the various tax debt settlement plans available. We’ll sit down with you to go over the details of your financial situation, then help you select a repayment plan that works with your circumstances.

It’s important to understand the differing qualifications required for each IRS tax settlement plan so that you don’t waste time applying for a program that you don’t qualify for. Our team of experts will help you avoid this situation and get you on a tax debt settlement program that works for your finances even sooner.

Representation with the IRS

As CPAs and tax debt settlement advocates, we are able to communicate with the IRS on your behalf. This allows us to take some of the weight off of your shoulders by handling the bulk of the paperwork and the details of the process for you. Establishing an open line of communication with the IRS as soon as you file your tax return improves your chances of qualifying for a repayment plan; we’ll open that channel for you and provide ongoing communication on the progress of your application, so you’re never left in the dark.

Handle Requests for Additional Information

It’s not uncommon for the IRS to request additional information regarding an application for tax debt relief, or to request that the application be revised and resubmitted. Unfortunately, far too many people take these types of communication as an outright denial of relief, but that’s simply not true. However, because they fail to submit requested documents in a timely manner, their application is then pushed out of review, and they lose their opportunity to get out from under their tax debts.

At the IRS Advocates, we can quickly provide the IRS with the requested information or updated application so that your case remains open and in review. While we may reach out to you to collect the necessary documents to keep your file in review, we’ll handle the direct submission to and communication with the IRS regarding what information they need.

Most importantly, we won’t give up until you receive a tax debt settlement plan that works with your needs. Even if your initial application is denied, we’ll help you to revise and resubmit, or consider other settlement plans that you might be better qualified for.

Contact Us Today for a Free Consultation

Are you struggling with an existing tax debt? Have you calculated what you’ll owe this year and are dreading receiving that tax bill? Contact the IRS Advocates today to schedule a free initial consultation with one of our CPAs. We can provide you with guidance and support through choosing a program, applying for debt relief, and negotiating the final terms of your settlement. Your tax debt doesn’t have to be a life sentence. Let us help you find freedom again. Contact the IRS Advocates today and schedule your free initial consultation.