Wednesday, January 18, 2012

Tax Relief Options

The IRS system is complicated and it is known that there are millions of people each year who run into tax problems. Their are factors that could give the taxpayers trouble in paying their taxes and the IRS are aware of this and so they create tax relief program to make tax payment less difficult for individuals.

The Internal Revenue Service are willing to work with the taxpayers to resolve their tax problems and even if the IRS do not have all the solutions for the problem one can always consult a tax professional.

There are available solutions for unpaid taxes. This would depend on your current financial situation, your expected financial situation and your the amount of tax you owe. If you are in this situation, you should notify the IRS immediately or you would get penalties.

Types of Tax Relief

1. Innocent Spouse Relief
Innocent spouse relief is a tax relief that relieves the responsibility for paying the taxes, penalties and interests if your spouse or former spouse has items that are improperly reported or omitted in the tax return. These taxes, interests and penalties can only be collected from your spouse. However, these taxes can be collected from either you or your husband.


2.Relief by Separation of Liability
This type of tax relief separates the understatement of tax, including the interests and penalties, on the joint tax return of you and your spouse or former spouse. This tax relief is available only for the unpaid liabilities which is the result of understatement tax. Refunds are not permitted.



3.Equitable Relief
You can qualify for an equitable relief if you are eligible for innocent spouse, relief from liability or separation liability, if you have not transferred any assets or properties to deceive the IRS, or if you declare that you are a victim of an abuse before you signed the return.

Friday, October 7, 2011

Tax Relief Law Firm Services

tax relief
Tax relief attorneys assist taxpayers with their tax related issues and specifically helping them avail tax relief if they are legible. They work as private practitioners or work in tax firms. Tax-relief attorneys focus on providing their clients the full audit representations, helpful in tax levies, property seizures, stopping wage garnishment, settling payroll tax, settling state tax, trust fund recovery investment advice and penalty abatement petitions.

IRS offers many tax relief programs like the property tax relief, income tax relief, and relief for small business owners. Tax relief lawyers will identify you as tax relief ligible if you have grandparents under your care, handicapped child or parents, paying an alimony to your ex wife and donates to charitites.

It might be a big challenge for taxpayers to fill out tax forms and finally obtaining the eligible tax relief. This is where tax attorneys comes in. They are trained in taxation and law and are updated of the constant changes to tax regulations and legislations.

Generally the service they provide is settling tax debt for a fraction of the debt. Hiring the service of tax attorneys can help you save time, energy and headaches of filling out the forms and calculations of your tax payment.