- Spin & Learn
Resource for all things Tax-Relief
- Spin & Learn
- Spin & Learn
Your Legal Rights
If you have tax debt, it is important to know your rights as a taxpayer. The IRS Bill of Rights is a set of ten rights that protect taxpayers. Remember, you have rights as a taxpayer, even if you have tax debt. The IRS is required to treat you fairly and justly. If you feel that your rights have been violated, you should contact the IRS Taxpayer Advocate Service or a tax professional for assistance.
Debt Expiration Date
The IRS CSED, or Collection Statute Expiration Date, is a crucial element in determining the timeframe within which the Internal Revenue Service (IRS) can legally collect a tax debt. The CSED is essentially a deadline that limits the IRS’s ability to pursue collection actions against a taxpayer for a specific tax liability. Once the CSED has passed, the IRS loses its legal authority to collect the outstanding debt.
Fresh Start Program
The IRS Fresh Start Program is a valuable resource for individuals and businesses struggling with tax debt. While it may not provide relief to everyone, it has proven to be effective in reducing penalties, offering manageable repayment options, and providing opportunities for taxpayers to settle their debts for less than the full amount owed.
Currently Not Collectible
When a taxpayer is classified as Currently Not Collectible, it means that the IRS has temporarily suspended collection activities against them. While in CNC status, the IRS will not pursue wage garnishments, bank levies, or asset seizures, providing temporary relief from collection efforts.
Payment Plans Options
Dealing with tax debt can be overwhelming, but the Internal Revenue Service (IRS) offers various installment agreements to help taxpayers manage their obligations over time. Navigating through these agreements requires a clear understanding of eligibility criteria and a step-by-step approach for each type.
Penalty Abatements
(IRS) offers various penalty abatement programs that provide taxpayers with an opportunity to reduce or eliminate these penalties under certain circumstances. In this article, we will explore the IRS penalty abatement programs, their eligibility criteria, and how you can apply for relief.
Tax Relief Process
Tax Debt Tips
we’ll discuss ten tips that can help you avoid a hefty tax bill while staying within the boundaries of the tax code. These strategies range from smart financial planning to taking advantage of tax deductions and credits, all aimed at helping you keep more of your hard-earned money.
