Tax Relief applications to help taxpayers in want of tax breaks

Countless men and women experienced a drastic change in their financial situation as a result of the global pandemic and the associated lockdown. The Internal Revenue Service realized that many people were struggling to pay off their tax debts and decided to make changes to help taxpayers through a difficult time. For example, they offered these taxpayers ways to make payments or find alternatives to settle their balance.

The position of the IRS

The IRS states that it remains committed to helping individuals who owe taxes to the federal government. While taxpayers always had ways to resolve unpaid taxes, the IRS Taxpayer Relief Initiative expanded the tools. In addition, these tools will be beneficial for those who have always filed and paid their taxes on time, but now find it difficult to do so due to the pandemic. A person should immediately start figuring out how to use these programs to get much-needed relief.

New measures

Certain payment plan options have been extended from 120 days to 180 days, and taxpayers who struggle to meet the terms of their accepted compromise offer are given some flexibility. Certain balances resulting from new taxes are automatically carried over by the IRS to an existing installment payment arrangement without the assistance of the taxpayer. According to, this will help you avoid defaulting on a contract.

Individuals who owe less than a set amount can enter into an unsolicited installment payment arrangement if the payment they propose is sufficient, and the IRS will not file a federal tax lien if the amount owed is less than the set amount and taxpayers are only for the tax year 2019 owes.

Finally, any Qualified Person with an Installment Payment Agreement can make changes to the monthly payment amount and due date online. TaxRise can help individuals who need help navigating these new actions.

Additional measures

A taxpayer also has the option to contact the IRS to request the agency to temporarily postpone collection activities. You can request a compromise offer to settle the bill for less than what is owed or for penalty relief. Most people find that they can get help without ever speaking to an IRS agent. However, this is not the case with all relief measures, so a taxpayer needs to understand the steps to take to obtain relief.

Communication remains critical when dealing with the IRS. Targeted wealth tax breaks required to help taxpayers and protect local services are available along with other assistance. The problem is not going to go away and the agency is aggressive with those who are behind on their taxes.

Get help as soon as you realize you are struggling to meet your tax obligations. Acting quickly keeps penalties and interest to a minimum so the taxpayer does not fall further behind. If you need help navigating through the options to determine which is best for a situation, contact a tax relief provider. They will help resolve the matter so that one can move forward in life.

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