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What Is The State Tax Relief Hardship Program?

What Is The State Tax Relief Hardship Program?

By on May 11, 2017 in Tax Preparation, Taxes | 0 comments

You may have heard that your state has a tax relief hardship program and wonder if you may potentially benefit from it as it relates to your back taxes, or even your upcoming tax return.  Each state offers their own hardship relief program, which may mean that the Internal Revenue Service (IRS) will waive penalties for any missed payments during a period of time.  For example, this can occur after a natural disaster like Hurricane Matthew.  In many cases, the IRS was flexible with those who were already making payments toward their tax debt and were unable to make their payments because the infrastructure in their community was destroyed.  The IRS waived the penalties normally associated with missed payments.  The rules around these hardship programs vary from state to state, so it’s important to consult your state tax law for specific details.

A Tax Company Can Manage Communication With the
IRS for You

One important thing to remember is that if you’re working to make payments to the IRS and something out of your control happens that makes it impossible for you to make your payments, the IRS might work with you. In fact, if you have back taxes owed to the IRS, it’s always in your best interest to get ahead of this problem, and work with them on a plan to resolve this debt.

Success Tax Relief is a tax firm that’s dedicated to helping Americans solve their tax problems. Our team works directly with the IRS, managing all communication on your behalf, to find a solution to your unique and specific tax problem that works for you.  The IRS offers several programs to all taxpayers that help countless individuals and businesses finally get out of tax debt. Here are two main ways this is done:

  1. Offer in compromise: In certain cases, when it’s determined by the IRS that paying the full amount of your tax bill would cause an economic hardship, they will grant what is known as an Offer in Compromise.  This allows a taxpayer to pay a reduced amount to the IRS.  The benefit to the IRS is that they recuperate some of the taxes owed to them, even if it is not the entire amount.
  2. Installment agreement: An installment agreement allows you to pay back taxes by making payments over time, rather than in a single lump sum.  For many, it’s easier to make monthly payments to the IRS rather than the large sum on April 15th. As long as you pay the full amount during the terms of the agreement, you will avoid fees and penalties.

Find Solutions to Your Tax Problems

If you owe the IRS money and are in a situation that you think may qualify a special hardship program, it’s always wise to explore your options. The IRS may be more flexible than you think. The team at Success Tax Relief can work directly with the IRS to negotiate a settlement that may lower your tax bill or make the terms easier to pay. Call Success Tax Relief at 877-825-1179 for more information, or contact us online today!

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