Archive for June 25, 2013
Back taxes penalties can do more than just cost you money. They can damage your credit rating, endanger your assets, and ultimately disrupt your peace of mind. If you owe back taxes and back taxes penalties, knowing your options can help you get out of debt and regain control over your finances, your credit score, and your life.
Tax debt relief programs exist in many forms to help IRS debt settlements. By proactively pursuing and enrolling in such programs, you can help to avoid collection methods such as wage garnishment or property liens, as well as steer yourself away from the possibility of bankruptcy.
Programs such as “offer in compromise” can help to negotiate a lower amount owed in order to clear the debt against you