IRS Tax Settlement Dallas
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Find a financial fresh start with a tax settlement
The IRS Fresh Start Program is designed to help taxpayers who have gotten behind on their taxes to pay off their debt in a way that doesn’t add additional financial hardship. If you owe the IRS, you might be wondering how you will be able to pay your taxes in full without accumulating more and more interest and penalties. Rather than going further into debt, you can enroll in the IRS Fresh Start program. Kedra A Flowers can help you understand your options. Schedule a phone consultation in Dallas and make a plan to pay off your debt.
Let Kedra help you find relief from:
Owe the IRS?
With the IRS Fresh Start Program, we can help you get on an affordable installment agreement and even settle tax cases for pennies on the dollar if you qualify. Work with Kedra A Flowers in Dallas and find an IRS payment plan that works for you. Schedule a phone consultation today.
Benefits of an IRS Settlement
There are several benefits of negotiating an IRS settlement, including relieving the stress and burden of tax debt. Tax relief is possible, and Kedra A Flowers can help.
The most obvious benefit of an IRS settlement is that you pay less upfront by creating a repayment plan. Late fees and other types of penalties can be removed so that you are simply paying what you owe rather than additional money. With an IRS settlement, you also avoid the placement of liens and levies against your home, car, or business. You can also avoid wage garnishments and take a more active role in paying back your debt.
IRS Fresh Start Program
The IRS Fresh Start program helps people who are struggling to pay their taxes get back on their feet. This program makes it easier for you to pay the IRS without having a tax lien or levy placed on your vehicle or home. If you have already had a lien or levy applied, Kedra A Flowers can help. However, these punitive measures can be painful, and it’s best to try to avoid them from the beginning.
While it is called the IRS Fresh Start Program, it is really a series of changes that the IRS has made to the tax code to provide citizens with tax relief so that they can pay the taxes they owe.
Individual taxpayers who accept that they will pay back the taxes they own through an installment agreement can qualify for the IRS Fresh Start Program if they:
Owe less than $50,000 or can pay a larger liability down to that amount
Can pay off the remaining debt in 60 months or less
Haven’t previously fallen behind on tax payments
Have up-to-date tax filings through the current year
Maintain the installment agreement and don’t incur new tax debt
File for an OIC and can pay the agreed settlement off within 12 months
Every single person’s situation is unique, and Kedra A Flowers can help you understand whether you qualify for the IRS Fresh Start Program. Schedule a phone consultation today.
What Are My Repayment Options?
When you qualify and agree to the IRS Fresh Start Program, there are two payment options. The first is the extended installment agreement, which reduces fees and penalties for tax bills while requiring you to pay off your debt in full. You can have either a short-term plan or a long-term installment plan, and they each work differently. Kedra A Flowers can help you understand your options and find a plan that works for you.
The second repayment option is called offer in compromise and it is for taxpayers who have demonstrated that they cannot pay their bill in full. Essentially, you will need to prove that paying the full amount of the taxes that you own will create an insurmountable financial hardship. If you are in this situation, the IRS may forgive a portion of the amount owed and you will create a repayment plan for the remaining amount.
Kedra A Flowers CPA PC
Our number one goal is to help those who are dealing with anxiety and stress gain peace of mind and find tax relief. Kedra A Flowers has been providing the Dallas community with personalized professional accounting services since 1996. She is committed to cultivating relationships with clients and helping them take control of their financial situation. If you haven’t paid taxes in years, have a tax lien or levy against your property, or need help negotiating with the IRS, Kedra can help. Contact her today and find tax relief.