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IRS Tax Debt Relief

Taxpayers who are unable to pay their IRS tax debt in full could get relief and settle their IRS tax debt for less than they owe through an offer in compromise or a partial pay installment agreement with theIRS.

What is a Tax Debt?

Simply put, an IRS tax debt is the amount of taxes owed during a certain tax period that should have been remitted to the IRS. Paying an IRS tax debt should not be a difficult task, it is closely and religiously monitored by the IRS. Employers, in particular, should routinely calculate and withhold payroll tax from their employee's paychecks and properly forward them to the tax agency. People who have their own businesses are also subject to such IRS tax debt known as self-employment tax, and should be able to manage and pay these taxes in a timely manner, so as to avoid getting penalized by the IRS.

Federal or State Tax Agencies

Federal tax agencies such as the Internal Revenue Service (IRS) have a system of determining the total amount of tax debts for a tax year/season easier because they receive annual return reports which reflect the value of money that a certain taxpayer makes as wages, self-employment or investment income through W2's and 1099's. This way, it is easy to compare such figures with the total amount of taxes paid for the duration of the filing period. Whenever the amount of paid taxes is in excess with the amount owed, refunds are granted to the taxpayer as they file accordingly. However, if the amount of collected taxes is less than the actual IRS tax debt owed, the taxpayer is still responsible for compensating the IRS or the State with the outstanding tax debt.>

Unresolved IRS Tax Debt - how to get tax debt relief

Unresolved tax debt is taxes on earned income that are not calculated nor remitted properly. This error, though not necessarily intentional, will still come to the attention of the IRS, usually during the filing of the annual returns. This can put the taxpayer in a situation where he is faced with a greater amount of tax debt than he expected. This creates more stress and pressure on the individual to pay off the tax debt particularly since the amount is more than he can really afford.

Many tax agencies, however, are willing to resolve unpaid tax debts through different tax relief programs especially when the taxpayer is no position to pay the total amount owed with interest and penalties. Tax settlements can also be negotiated between the taxpayer's power of attorney and the taxing agency like the IRS or the State. It is fairly common; that the tax agency imposes a tax levy like a garnishment on the taxpayer's wages; also a levy on the taxpayer's bank account is a common practice by the IRS and or the State.

In more severe cases when the taxpayer ignores the IRS for a long period of time, the tax agency can seize some assets in order to collect and settle the IRS tax debt owed. This usually happens when the outstanding tax debt is not resolved and the taxpayer is uncooperative about settling their tax debt.

Settle your IRS tax debt and get tax relief

If you are unable to pay your mounting IRS tax debt, then you most certainly need the assistance of our tax debt relief services. Free yourself from such tax debts and be guided on how to prevent any other tax problems that may catch you off guard in the future. With expert tax advice and proper guidance, you would surely be free of any tax problems. Call Mike Habib today at 1-877-788-2937 or contact him online.


Client Reviews
★★★★★
Mike has given us peace of mind! He helped negotiate down a large balance and get us on a payment plan that we can afford with no worries! The stress of dealing with the IRS is huge and Mike helped us through it all. The peace of mind is invaluable, thank you Mike! April S.
★★★★★
Mike Habib - Thank you for being so professional and honest and taking care of my brothers IRS situation. We are so relieved it is over and the offer in compromise process went just as you said. Mike is very professional and will give you honest answers to the OIC process and you can really trust him. You won't be sorry you chose him! Joe and Deborah V.
★★★★★
Mike is a true professional. He really came thru for me and my business. Dealing with the IRS is very scary. I'm a small business person who works hard and Mike helped me see that they are not that scary after all. He was always there with the answers I needed and was very good about calling me back which I appreciated since your first reaction is to freak out and ask a million questions. He solved a messy case and worked very hard to resolve it. His rates are VERY reasonable for the amount of work he does! I give him my highest recommendation! Marcie R.
★★★★★
Mike was incredibly responsive to my IRS issues. Once I decided to go with him (after interviewing numerous other tax professionals), he got on the phone with the IRS immediately (as in the same day I signed with him) to squash an impending issue. And he worked directly with them to quickly come to a resolution I am very happy with. I'd highly recommend reaching out to Mike to see if he can help you with any IRS issues. I'm very satisfied! Marshall W.
★★★★★
I’ve seen and heard plenty of commercials on TV and radio for businesses offering tax help. I did my research on many of them only to discover numerous complaints and unresolved tax issues. I found Mike Habib through my own online search and contacted him. He was very professional with great communication, always answering my questions and concerns. Mike resolved my complicated tax problem just as he said he would. I would definitely recommend his services to family and friends. Nancy & Sal V.
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