FLAT FEE TAX RELIEF
Coast to Coast - IRS Help
IRS Tax Relief - Tax Debt Help
This guide helps you understand your options and associated costs if you need relief from IRS debt. There are primarily three ways to get tax relief help, including an Offer in Compromise (OIC), Installment Agreements, and Currently Not Collectible (IRS Hardship) options.
Cost is critical of course, but let us quickly recap some of your tax relief options:
What Are Your Tax Relief Options? Find details for three ways to resolve unpaid IRS debt.
1. Offer in Compromise
An Offer in Compromise reduces the amount you have to pay. This is a good option to consider if you can’t pay the full amount you owe without financial hardship.
The factors that impact eligibility include:
1. Your ability to pay
2. Liquid asset equity
3. Allowable expenses
The IRS typically approves an Offer in Compromise if that’s the most money they can collect within a certain timeframe (Statute of Limitations).
You need to have the last six years of tax returns filed and owe more than $10,000.
2. Installment Agreements
The IRS automatically approves an Installment Agreement if your IRS debt is less than $10,000.
You must meet the following criteria:
a. Have no late payments or late tax filing in the last five years. This excludes filing extensions.
b. You have filed all your tax returns.
c. You agree to file and pay all future taxes on time.
d. You agree to let the IRS keep your refunds in future years.
To calculate your monthly payments, add the total taxes due plus penalties and interest, then divide the total by 36.
If you owe less than $50,000, you may also file for a Streamlined Installment Agreement. With this monthly payment plan, you can repay your debt in up to 72 monthly payments. The IRS will not require you to submit detailed financial information and records (like bank statements).
If you owe less than $100,000, you may qualify for a streamlined installment agreement that can be repaid in up to 84 monthly payments.
Outside of the “Streamlined” installment agreement, you may still qualify for a monthly payment plan. The IRS will review your income and expenses and determine what the disposable amount of income is at the end of the month. That disposable amount of monthly income becomes your Installment Agreement.
3. Currently Not Collectible (CNC)
Non-collectible Status (IRS Hardship) is a tax relief option for taxpayers the government decides can’t pay their IRS debt.
If your account is marked as Currently Not Collectible, the IRS stops enforcement for the next 12 to 18 months. At the end of this period, the IRS will ask for another financial from you. Fail to file a tax return and the IRS will throw you off CNC. There will be a tax lien filed. This option is only available for back IRS debt, not current and future taxes.
If you qualify for CNC and owe $10,000 or more, you should look at an Offer in Compromise.
How Much Does Tax Relief Cost?
Just about every tax relief company will charge you between $4,000 and $6500 for an Offer in Compromise. Flat Fee Tax Relief charges $2050 to resolve your tax debt. This includes up to 3 tax returns and an OIC, CNC, or Installment Agreement (whichever is the best tax relief option).
Avoid at All Costs Set Up or Consultation Fees
Advertising on cable television costs money. Most tax resolution firms will charge $400 to $600 to offer you an “initial consultation”. These tax relief companies may also call this fee "an Investigation fee." NEVER, EVER PAY FOR AN INVESTIGATION.
Forget about tax resolution firms that want you to pay a percentage of your debt or a percentage of how much they can save you. Start for free and let us show you how we can help.
Flat rates are a set price you pay for your tax resolution assistance, regardless of how long it takes to resolve your IRS problem.
Flat fee Tax Service has been charging 1 very affordable flat fee for more than a decade. Don't overpay for tax relief services. The work is the same. It costs the same to do an OIC now as it did 10 years ago.
FOR MORE DETAILS, GIVE OUR TEAM A CALL.