I focus my practice on tax resolution, representing taxpayers in Colorado, Florida, Texas, New York, California and elsewhere. The IRS does make deals on taxes owed, including penalties and interest.
The requirements are rigid - but if you qualify, the results are incredible. To qualify for a deal with the IRS, I would suggest that you owe the IRS at least $15,000 and have very little in the way of equity in assets. Also, you must be using your monthly income to pay for your necessary living expenses and not have much or only a small amount left over to pay old taxes.
If you meet these requirements then you owe it to your yourself to explore the possibilities of getting a reduction on the original amount owed, if you qualify.
The IRS cuts these deals to get you back in the system as a current taxpayer and to collect a few bucks on the old taxes owed. The fine print in these deals requires you to file your tax returns and pay on time for the next 5 years. If you don't, then the IRS revokes the deal and bills you for the original amount, AGAIN!
If you or someone you know has back taxes to deal with, don't hesitate to contact us immediately at 303-499-2700 or by email at email@example.com.
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Boulder, CO 80305
Joan it's a mess, and from everything I've read and heard, they are coming with guns blazing after people. Make sure you can back up every deduction and good luck to you!