Paying your taxes is important on a variety of levels. It’s obviously an obligation of every citizen, since everyone enjoys the benefits of what tax money is used to do. On a more pragmatic level, however, it’s important as a way of keeping yourself out of serious trouble. If you’ve realized that you’re behind on your taxes, you haven’t filed at all in years when you should have, or you’ve gotten notice of an audit that you believe will lead to a large bill, you should seek a professional to help you with getting Tax Relief in Brooklyn.
In spite of its powers to collect, the IRS does offer options to help people to get current with what they owe. There are multiple payment options available, however, so you should speak to a professional who handles Tax Relief in Brooklyn about which one is likely to be best for you. Often, people choose to request to set up an installment agreement, which means that they can pay the amount that they owe over an extended period of time rather than having to come up with a single lump sum. People who owe less than $50,000 may even be able to submit the application online to get the process moving more quickly.
There are some cases, particularly when other options have been exhausted, that an Offer in Compromise will be accepted. This basically means that a taxpayer is offering less than what is owed and asking that it be accepted as a full repayment of the debt. The IRS has a Fresh Start initiative that’s designed to give struggling taxpayers options like this so that they can get back on their feet, but you won’t be approved if the agency believes that you are probably capable of paying what you really owe.
A professional can help you to figure out what programs may be an option for you, if there are any that will apply to your situation at all. Otherwise, they can at least help you to deal with the IRS and to get everything settled as smoothly and cleanly as possible. You can click here for additional info and to get in contact with someone.
