Tax relief is a general term used to describe the professional help available in the following areas, according to Freedom Tax Relief: tax debt settlement, wage garnishment, bank and tax levies, property seizure, tax penalties and interest charges, tax liens, and the payroll tax. A quick explanation of a few of the previously mentioned situations will help to understand tax relief and the possible benefits of seeking tax relief.
Tax debt settlement is one form of tax relief. If you owe money to the IRS due to incorrect filings, failure to pay taxes, or the build up of penalties, and if you cannot pay these sums, you may want to look into tax relief in the form of tax debt settlement. Often, you can hire a company to negotiate your status with the IRS, which usually means that you pay only a portion of what is actually owed, as well as the fee due to the tax relief company. The idea of tax debt settlement is very similar to debt settlement. For an explanation of the latter, see SimplyFinance’s article on debt settlement.
The U.S. Department of Labor, on its website featuring their Employment Law Guide, explains wage garnishment as follows: “Wage garnishment occurs when an employer withholds the earnings of an individual for the payment of a debt as the result of a court order or other equitable procedure.” There are laws protecting your employment, under certain circumstances if you find yourself in this situation. However, the best route is to get the debt paid so that the garnishment ends. A tax relief agent or agency can help you out of this situation.
Connie Barker, in her article What is a Bank Levy on Ezine, explains that a “bank levy is when your bank account is frozen and all or part of the monies in your bank account is seized.
Bank… (levies) can happen for many reasons, however the two most common are due to unpaid taxes and unpaid debt.” And, property seizure can be part of a levy. The IRS tax attorney website explains that due to a levy, they “could seize and sell property that you hold (such as your car, boat, or house).” This very extreme measure would obviously best be avoided with some kind of tax relief solution.
If you owe anything on your taxes, the IRS calculates the penalty charges and interest on that sum and will charge you. If you find yourself unable to pay your taxes, you want to avoid this situation, as the amount that you have to pay and cannot only grows. Advice from a tax relief specialist could guide you to a solution.
In short, a tax relief specialist can advise you regarding your tax situation and the crunch it has put you in. As always, be careful to whom you divulge your personal information. Make sure that the tax relief agent/agency that you choose is qualified and authorized.
If you have met our guidelines for tax relief and would like to move forward with us you will no longer have to deal with the IRS. Your tax specialist/attorney will take over that position for you. It will then be a joint effort between you and Alliance Tax Defender to follow an effective plan of tax debt relief as we lead you through each step.