Written by Minneapolis Pure Tax
IRS Back Taxes Settlement of Minneapolis, MN
If you are a Minneapolis area resident that has IRS back taxes owed, the last thing you should do is ignore it. Certainly, they are a stressful, but you are in good company with Minneapolis Pure Tax Resolution. When you have back taxes owed it's hard to focus on anything but your IRS back taxes, but our experienced tax attorneys will immediately begin to shoulder the burden of your tax debt, and help settle your back taxes so you can enjoy your life again.
As your strongest advocates, we’d like to help dig you out of your hole and enlighten you on the most important tip that will quickly settle your IRS back tax problem. The IRS will work with you if you have proper representation.
The reasons you should have proper representation are simple:
- Experienced tax attorneys have the ability to interpret the rules governing the IRS' collection of IRS back taxes.
- Tax Resolution attorneys are specifically trained to negotiate settlements with the IRS. They understand where the IRS has leeway and where they lack discretion of grant concessions.
- A taxpayer who has back taxes owed may be too emotionally involved in their own case to effectively represent themselves.
With a strong advocate on your side, IRS back taxes can be resolved in many ways, via one of the following methods:
IRS Full Installment Loan
You may qualify for an IRS full installment loan if you owe less than $25,000. A full installment loan will grant you better rates than if you borrowed through a credit or private loan. Even if you owe more than $25,000, we may be able to grant you an IRS installment loan.
IRS Full Installment Loan
If you do not qualify for the above, we still may be able to negotiate a partial installment loan which would enable you to pay off your balance through small, manageable payments.
Offer in Compromise
An offer in compromise is perhaps the most sought after form of IRS back tax relief out there. It allows qualified individuals the ability to “offer” the IRS an amount that is less than the total amount owed, ultimately clearing the debt.
Unfortunately, an offer in compromise is only available to a small number of taxpayers, despite what you have heard. The simple fact is the IRS will not accept an offer in compromise if they believe you have the income and assets available to repay them. The best solution is to meet with a Minneapolis Pure Tax attorney to help you determined if you qualify for an offer in compromise.
Currently Not Collectible Status (CNC)
A currently not collectible status puts a short-term hold on all collections and may become permanent if there is no change in your income or assets.
Minneapolis Pure Tax specializes in IRS back tax settlement for Minnesota taxpayers. We offer FREE consultations, and we will work with you face-to-face to resolve your back tax issues. Contact us today.