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Types of Tax Relief Solutions Millions of people every year get a bill from the IRS for a tax debt they didn’t know about and that is an unpleasant surprise. The amount owed could be thousands of dollars and that can seem insurmountable. Tax relief solutions are offered by the IRS that can help people that don’t have the money to pay back right away. Not collectible status is one of the top forms of tax relief available today. Those that are facing wage and bank account garnishments or property liens may benefit from utilizing not collectible status. Garnishment of wages can be a huge financial drain for people that need money to pay bills. Liens are applied toward assets and properties when a debt is owed and that can be very distressing when it is your family home or your land. A not collectible status can make it possible for you to stay in your home and avoid the dreaded lien process. Getting this status approved is often much easier when you have a tax attorney to help with the filing required with the IRS. Many find that not collectible tax relief solutions will give them time to get their finances under control. Ten year statutes of limitations applies to IRS tax bills and they cannot be collected after ten years has expired. Tax relief solutions that may be useful for those that can repay some of their debt is an installment plan. A payment plan is often appealing to people that can budget a monthly payment versus a lump sum amount. You can get a payment plan by applying with the IRS at their website or mailing in the proper forms along with paying the application fee that they charge. There are a variety of payment methods accepted and they will let you know what these are after you are accepted into this program. It may be wise to pay with the auto drafting bank account method as it ensures that it is paid on time and there is no room for mistakes. An offer in compromise is the third and final type of tax relief solution that can be utilized. The offer in compromise is when there is a payment for less than what is believed to be owed and the IRS settles for that lowered amount. The offer in compromise option is often the hardest one to get approved as they require proof of insolvency or financial distress. They may also approve this type of solution if you can show that you likely owe less than what they have billed. This one is excellent if you can get it as it can save you a lot of money and financial issues. An IRS tax relief solution can really help and these examples should give you an idea on what you can do.A Simple Plan: Solutions

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