Expert Tax Negotiation Services
If you’re wondering whether you can negotiate tax debts with the IRS, the short answer is yes. The IRS will let you settle your tax debt via debt relief or a payment plan that you prepare with a trusted tax negotiation firm. Innovative Tax Relief delivers fair solutions for you.
Our IRS tax negotiators operate on the highest level of integrity. We have helped many clients successfully negotiate their tax debts. Our team coordinates with the IRS on your behalf to reduce or, in some cases, eliminate your tax debt. So, let us settle it for you.
Let our experience and knowledge work to your advantage. Take a look at the government programs that our team uses to successfully reduce or eliminate tax debts.
Tax Debt Installment Plan
If you think you won’t be able to pay off your tax debt on time, then your next best option might be to negotiate a tax debt installment plan with the IRS.
If this is how you want to move forward with the tax debt, the IRS might require you to fill out forms or have a phone discussion about your financial situation. They might use this information to collect more money, especially if you have assets or a stable income.
It’s always better to work with tax debt specialists who can negotiate with the IRS on your behalf. Our team sets up an affordable installment plan that eases your financial burden.
Partial Payment Installment Plan
Negotiating with the IRS for a Partial Payment Installation Plan (PPIA) could be tricky. Let Innovative Tax Relief help you negotiate your tax debt with a PPIA.
This approach requires you to submit financial records and a hardship letter explaining your current situation and why the IRS should grant a reduced payment. When the request is accepted, you can make reduced installment payments until you pay off the tax debt. Count on us to do the paperwork.
Our IRS tax negotiators help you prepare, organize, and submit your financial paperwork and hardship letter to maximize your chances of getting a good result.
Offer in Compromise
Offer in Compromise (OIC) is a tax negotiation strategy that commonly shows up on TV and radio ads. Otherwise known as the “pennies on the dollar program,” there are three possible scenarios wherein the IRS accepts your request for an OIC arrangement:
Doubt as to Liability
Every taxpayer is eligible to negotiate their tax debt if the total amount of tax assessed is incorrect.
Doubt as to Collectibility
Your situation falls under this category if you can demonstrate that you cannot pay the full tax obligation because of financial hardships or other compelling reasons.
Effective Tax Administration
You may use this tax relief category if you can make a firm claim that tax collection would create an injustice. This is typically used by elderly and disabled taxpayers.
You need to file Form 656: Offer in Compromise and Form 656-A: Income Certification for Offer in Compromise Application Fee and Payment if you want to request an OIC from the IRS. It is one of the most challenging IRS programs to get accepted for, but we can help you.
Our tax negotiators have helped many clients gain a favorable outcome for their OIC requests. We can help you qualify for it, too.
Currently Non-Collectible Status
If you can prove that you can’t make payments to the IRS because of financial hardship, you may request to have your account on hold until you get back on your feet.
This category requires you to submit detailed and updated financial information. If your request is granted by the IRS, you will still need to pay your taxes. But there won’t be collection attempts while your case remains in Non-Collectible status.
The IRS might re-evaluate your financial circumstances and lift the Non-Collectible status if you start being non-compliant or if you’re incurring greater tax debt. You can count on us to help you plan your tax payments to avoid this from happening.
Tax Penalty and Fee Abatement
If you can pay your tax obligation in full or in installments, but you need a break from the penalties and fees imposed by the IRS, consider the Penalty and Fee Abatement program.
You may write a letter of request to remove eligible penalties and fees if you have a valid reason for the abatement. Our tax negotiators can help you fill out IRS Form 843 for it.
This program could provide some relief for you. Learn more about it — and whether it’s the right choice for your financial situation — from our tenured tax negotiators.
Statute of Limitations
In some cases, you can wait out your federal tax debt and have it erased from your record. The typical statute of limitations is 10 years. Calculating your debt’s expiration date is challenging, though. There’s also a tolling period if you file bankruptcy or apply for other IRS settlement programs.
Our tax negotiators can help you get the expiration dates right. We also work with you in building and implementing a game plan of what to do in the meantime.
