I focus my practice on tax resolution, representing taxpayers in Colorado, Florida, and across the United States.
Feeling overwhelmed by unpaid taxes due to the pandemic? Breathe easy! The IRS has expanded its Taxpayer Relief Initiative, offering flexible options to help you get back on track.
Even before, the IRS offered payment plans and other tools for struggling taxpayers. This initiative builds upon those with key improvements:
- More Time to Breathe: Need a short-term payment plan? You now have 180 days (instead of 120) to settle your debt.
- Temporary Payment Relief: Juggling existing payments? The IRS may offer temporary adjustments to your Offer in Compromise.
- Automatic Plan Enrollment: Got new tax bills while already having a plan? They'll likely be added automatically, simplifying things.
- Easier Agreements for Some: Owe less than $250,000 and meet certain criteria? You may qualify for an Installment Agreement without financial statements or tax liens.
- More Control over Existing Plans: Have a Direct Debit plan? Use the Online Payment Agreement system to adjust your payments and due dates conveniently.
These changes are a significant step towards helping taxpayers weather financial storms. Remember, seeking help early is key. Visit the IRS website or feel free to consult with us to see if you qualify and explore your options. Don't let tax debt weigh you down – find the relief you deserve!
If you or someone you know has back taxes to deal with, don't hesitate to contact us immediately at 844-545-5829 or by email at mmoran@apextaxdefense.com.
Michael Moran, CEO, EA
Apex Tax Defense LLC
825 S Broadway
Boulder, CO 80305
Phone: 844-545-5829
Fax: 888-478-7627
mmoran@apextaxdefense.com
www.apextaxdefense.com
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