Complete IRS Tax Relief Solutions Provided by Clarity Tax Resolutions
Handle IRS Tax Matters with Confidence Facing tax debt can be intimidating, but our team of IRS agents and tax experts at Clarity Tax Resolutions is here to support you. We offer professional advice to quickly resolve your tax problems. Here’s how we can help you achieve IRS tax relief:
Understanding Your Options for IRS Tax Relief
The IRS offers a variety of tax relief programs, each with unique requirements. Your eligibility is determined by your most recent financial statement, documented on forms 433-A or 433-F. To prevent the IRS from permanently closing any case, all tax returns must be filed.
The IRS Financial Statement
Completing an exhaustive and precise financial statement is essential for closing IRS collection cases. IRS agents are trained to meticulously evaluate these statements, prioritizing the government’s interests over your tax relief.
- Form 433-F: Used by the ACS Unit in call centers or regional service centers. You will fill out and submit your financial statement, along with supporting documentation, to the service center handling your case. It’s best to contact the IRS when all your documents are ready and fax them directly to the assigned agent.
- Form 433-A: Exclusively used by local Revenue Officers for unresolved cases from ACS Units. These seasoned IRS agents conduct thorough tax investigations, requiring the expertise of a tax professional.
How the IRS Closes Your Case
Once your case enters the IRS system, it must be resolved to remove it from the enforcement queue. Here are the available options to achieve IRS tax relief:
Hardship (Currently Non-Collectible Status)
If you cannot afford to pay your tax debt, your case may be placed in a suspended status for up to three years. This status is determined based on the National Standards Program, which assesses your financial situation. Many cases are resolved this way, providing immediate tax relief.
Payment Agreements
You can establish a monthly installment payment plan with the IRS. If you owe less than $50,000 and can pay the debt within five years, a streamlined payment agreement is possible. For longer-term plans, the IRS will review your financial statement and set payments based on national standards for your area.
Offer in Compromise (OIC)
The IRS may accept an Offer in Compromise under three conditions:
- Doubt as to Collectibility: It is unlikely that the taxpayer can pay the full amount within the statutory period for collection.
- Doubt as to Liability: There is legitimate doubt about the correctness of the assessed tax liability.
- Effective Tax Administration/Exceptional Circumstances: While the tax is correct, collecting it would cause economic hardship or be unfair.
Filing for Bankruptcy
Certain tax debts can be discharged through Chapter 7 bankruptcy if they meet specific criteria: the taxes are over three years old, have been filed for at least two years, and have been assessed for more than 240 days. Consulting a tax professional is essential to ensure eligibility.
Professional Tax Representation
While self-representation may seem viable, the IRS’s thorough review process, akin to an audit, can be challenging. The IRS scrutinizes bank deposits, income reports, DMV records, credit reports, and online presence, seeking hidden assets and financial discrepancies.
Why Choose Clarity Tax Resolutions?
- Extensive Expertise: Our team has decades of direct IRS experience, providing unparalleled insight into IRS protocols and procedures.
- Comprehensive Services: We handle all aspects of your case, from documentation to negotiation, ensuring a seamless resolution.
- Client-Focused Solutions: We prioritize your financial well-being, offering affordable and efficient tax relief strategies.
Contact Us
Don’t let IRS tax issues overwhelm you. Reach out to Clarity Tax Resolutions for a free consultation and let our experienced team help you achieve financial stability and peace of mind.
