How We Can Improve Your Odds of Qualifying for a Tax Relief Program

How We Can Improve Your Odds of Qualifying for a Tax Relief Program

• Dec 15, 2021

When you need relief from your tax debt, you need it quickly. Not only does time quite literally cost you money—interest compounds quickly—but most applications for IRS tax relief programs come with a fee, and you don’t want to be paying those over and over again. Working with a professional tax abatement firm can increase your chances of being approved for an IRS relief program. How? Keep reading to find out.

Understanding the Programs

For starters, it’s incredibly important to understand the different relief programs and their qualifications. While an offer in compromise might sound great, they’re incredibly difficult to qualify for, with very specific requirements. No matter how much you’d like to settle your tax debt for less than you owe, if you don’t meet the qualifications, you’ll quickly be rejected for it.

Tax abatement firms like the IRS Advocates are intimately familiar with the various relief programs and their qualification requirements. We’ll sit down with you to discuss your individual situation, including your total debt, income and assets, and overall ability to pay. Then, we’ll help you to find the program that you’re most likely to qualify for, reducing the odds of your application being rejected.

Avoiding Simple Mistakes

Tax law is complicated and often confusing—and the relief programs associated with taxes are no different. You’re required to fill out very detailed forms and send in very specific supporting documents with many of the IRS’s tax abatement programs. If you fail to fill out something incorrectly or don’t send sufficient supporting documentation, oftentimes, the IRS will simply reject your application. And in some cases, you won’t even understand why your application was reject. You’re left to wonder if it was an error on your application, or if you genuinely did not qualify for the program.

Our tax abatement specialists can help you avoid simple mistakes that are likely to have your application rejected. This saves you time and fees associated with applying for these programs, and can help you get your settlement plan set up sooner.

Helping You Pay Less

While we can’t guarantee that we can help reduce what you owe in taxes, working with a tax settlement firm can help you to pay less to the IRS in many ways. As we’ve already mentioned, applying to the right program in the right way the very first time will help you avoid unnecessary application fees. But in addition to this, we can help you understand the areas in which most people can easily reduce what they owe.

For example, did you know that after you’ve completed a long-term monthly payment plan, you can often apply for penalty abatement as well? This erases the penalties associated with your previously unpaid taxes, as well as the interest associated with those penalties, so that you’re only actually paying the taxes and their interest on the amount you initially owed—with no tacked-on penalties.

If you do qualify for an offer in compromise, we have an in-depth understanding of how the IRS calculates what’s considered a “fair” offer for your situation. We’ll perform those calculations and help you write up a payment offer to the IRS that is more likely to be approved without you offering more than is truly necessary for the approval.

And, because we can help you get on a payment plan more quickly than you likely would on your own, we can help you avoid accumulating even more interest on your unpaid tax debt.

Contact Our Specialists Today

If you have unpaid taxes, and you can’t afford to pay what you owe in one lump sum, contact the IRS Advocates. Our experienced and professional CPAs will work with you to determine the right IRS tax abatement program for your individual financial situation. Then, we’ll guide you through the application process to help improve your chances of qualifying with the very first submission.

Once your payment plan or settlement is in place, we’ll help you ensure that you follow through with the IRS’s requirements to avoid future issues regarding your tax debt. This includes helping you to file your future tax returns on time (a requirement for maintaining an offer in compromise). Give us a call today to schedule your initial consultation—completely free of charge. We won’t take your case unless we’re confident that we can help you. So what do you have to lose? Contact us today to schedule your free initial consultation.