The state and federal government can come down hard on you if you keep ignoring your tax debt notices. Fortunately, there are certain tax debt relief options available to help solve your tax debt problem. Consider hiring a tax debt resolution expert to guide you through the entire process.
If you are behind your taxes, you can expect the government to make you pay through various legal means. Failure to make payment on or before the due date can result in late penalty fines and interest charges being added to the outstanding amount. If you still do not respond, a tax levy or a tax lien may be imposed on your assets. You cannot claim them unless you have resolved your tax debt.
If you do not possess adequate knowledge about dealing with the IRS and the New Hampshire Department of Revenue, it’s better to consult a tax debt resolution expert. When you choose to work with Tax Defense Partners, you can expect us:
To explore various tax relief options available, depending on your situation
Penalty abatement allows a first-time noncompliant taxpayer to waive off certain penalties and interest charges that were added to the tax bill for a certain tax period. It can lower your overall tax debt. You can request for penalty abatement typically by writing a letter to the relevant tax authority.
The IRS takes a look at your assets, income, and expenses to determine if you qualify for hardship status. Next, they will send you an annual statement that describes the amount of tax still owed and how much you need to pay when you are in a better financial situation
This phrase is commonly used when appealing for Innocent Spouse Relief. It refers to a case where the IRS assumes that you were aware about the issue. You cannot qualify for Innocent Spouse Relief if you are categorized under Reason To Know.