Enrolled Agent/ Certified Tax Resolution Consultant.
Education & Training with FishCoin Tax Solutions IRS 00139079-EA
I represent taxpayers in New Hope, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS) and the Minnesota Department of Revenue.
Recently, I went to my mailbox and saw a letter from the IRS as I flipped through the letters. My initial thought was, “what does the IRS want from me?” … and when I realized that the letter was about the stimulus checks, then I was relieved.
Communications from the IRS can be associated with negative reactions, even for professionals who represent people before the IRS, and cause people to avoid reading communications from the IRS.
When you owe the IRS, they are constantly looking for ways to get the tax debt paid and most times they can be aggressive on how they collect tax debts. Here are some tips on how to resolve your tax problems.
1.Don’t ignore the problem.
2.Be realistic about the situation
A big tax bill can feel like a financially and emotionally crushing burden. There is only one way to deal with it: Face the situation honestly and develop a budget you can handle to pay it off
These includes Offer in Compromise OIC, Installment Agreements, “Currently Non Collectible”, Partial Installment Agreement, Innocent Spouse Relief, through the fresh start initiative program.
For example, a taxpayer with large debts to the government can arrange a streamlined installment agreement. As part of the Fresh Start program initiated by the IRS in 2011, taxpayers with up to $100,000 in tax debt can now qualify for such an agreement.
To do so, you must file all your past tax returns and not have entered into another installment agreement within the last five years. You also won’t qualify if you’re filing for personal bankruptcy. The benefits are significant.
Taxpayers can have up to 84 months to pay the balance owed if the term doesn’t extend beyond the collection statute expiration date — 10 years from the date of the assessment. You also won’t have to disclose your assets and income to the IRS. If you agree to pay via a direct debit or payroll-deduction plan, the IRS will not place a tax lien on you.
If you or someone you know has unfiled back returns or owe back taxes to the IRS or Minnesota Department of Revenue, please feel free to contact me at email@example.com or 612 516 5878.
©2022 by FishCoin Tax Relief.