IRS Tax Settlement Services New York

If you are a resident of New York and have a tax issue with the Internal Revenue Service (IRS), there are several options available to you for resolving the issue. One option is to use IRS settlement services New York, which can help you reach an agreement with the IRS to pay your tax debt over time or to reduce the amount of tax you owe.

Here are some options for IRS Tax Debt Settlement Program New York:

1. Instalment Agreement: This allows you to make monthly payments on your tax debt. You can apply for an instalment agreement online, by phone, or by mail.
2. Offer in Compromise: This is a settlement option that allows you to pay less than the full amount of your tax debt. To qualify, you must show that you cannot pay the full amount and that an offer in compromise is the best way to resolve the issue. Here, professional IRS Tax Debt Settlement Services New York might be beneficial to successfully apply for Offer in Compromise.
3. Currently Non-Collectible Status: If you can’t pay your taxes because of financial hardship, you may be able to request a temporary delay in payment (also known as “currently non-collectible status”). This can help you avoid collection actions, such as wage garnishment or property seizure. However, make sure to check all the criteria of this IRS Tax Settlement Program New York.
4. Partial Payment Instalment Agreement: This is similar to an instalment agreement, but allows you to pay a reduced amount of your tax debt.

Some potential benefits of participating in an IRS Tax Settlement Program New York include:

1. Allowing you to pay your taxes in manageable instalments, rather than having to come up with a large lump sum payment all at once.
2. Helping you avoid penalties and interest that would otherwise be added to your tax debt.
3. Providing you with the opportunity to negotiate a lower amount to pay, if you are unable to pay your full tax liability.
4. Enabling you to avoid tax liens, wage garnishments, and other collection actions that the IRS may take to collect unpaid taxes.

However, It’s important to note that these options are not available to everyone and the IRS will review your financial situation to determine if you are eligible. It’s also important to remember that the IRS has the right to seize your assets or garnish your wages if you don’t pay your taxes or make arrangements to pay them.

If you are having trouble resolving a tax issue with the IRS and would like to explore your options for settlement, you may want to consider seeking the help of a tax professional from an experienced company like Paragon Tax Solutions via IRS Tax Settlement Services New York. The Paragon Tax Solutions can provide you with guidance and representation to help you resolve your tax issue. To better serve the clients, Paragon Tax Solutions has made it a practice to pursue constant innovation. We never back down from urging our customers to make the right choice, no matter how difficult that may be. For the sake of our business and our reputation, we insist on nothing less than the best.

Call us today to get started on the path to financial freedom: +1-484-633-9635