The IRS acknowledges financial hardship as a legitimate reason for tax relief — as long as a taxpayer can prove it. RELATED: How To Come Up With A Financial Savings Plan A Guide to Proving Financial Hardship to the IRS Step 1. Know How the IRS Defines 'Financial Hardship' The phrase 'financial hardship' means different things to different people. It is usually dependent … [Read more...]
Tips To Contact The IRS If You: Receive A Notice, Owe Back Taxes, Etc?
Here are tips you would want to follow if you need to contact the IRS and cross out a major tax-related item on your to-do list. RELATED: Understanding The IRS Collections Process To Quickly Resolve Taxes In this article: Do Not Panic Thoroughly Read the Notice/Letter That You Received Take Advantage of Faxable IRS Instructions and Forms Visit the IRS … [Read more...]
12 Reasons To Speak To A Tax Relief Specialist About Your Back Taxes ASAP
If you have back taxes to take care of, working with a tax relief specialist is the smartest way to go. Here's why. RELATED: Understanding The IRS Collections Process To Quickly Resolve Taxes In this article: Local Tax The Difference Between State Income Tax VS Federal Income Tax 32 Things Your Tax Accountant Won’t Tell You 3 Red Flags That Your Tax … [Read more...]