7 Ways to Negotiate, Settle and Reduce IRS Tax Debt

Do you feel completely overwhelmed by the prospect of paying off your IRS debt? Most of us fall short on our tax obligations and never get back on track. There is no shame in seeking assistance with IRS debt if you feel overwhelmed by the prospect of taking on the IRS on your own. Although several IRS tax debt settlement services usa exist to get help with the IRS tax debt settlement program, few people really take advantage of them. It’s possible to lose your job, your house, and your possessions if you let your debt build up.Thus, If you’re having trouble making ends meet because of your tax burden, here are seven ways you may do to get back on your feet financially.

1. IRS Fresh Start Scheme

It is possible to spread out your tax payments over a number of years using the Fresh Start programme offered by the Internal Revenue Service (up to 72 months). This manner, you may spread out your payments over time, making them more manageable financially. Your monthly payments under the scheme will be determined by your income, liquid assets, and outstanding debts. Additional interest, fines, and wage garnishments can all be avoided with this approach. If you owe less than $50,000 in back taxes, you may qualify for the Fresh Start programme. All you need to do is avail the best IRS tax settlement services pennsylvania.

2. Agreement to Make Instalments

The IRS is more understanding than you may expect, and setting up a payment plan ensures that they get a regular payment (that you can afford). With the full authority of the federal government behind them, the IRS is in no rush to collect taxes from anyone. One additional is that the IRS can tack on interest and fees to your debt if you take too long to pay them back. Thus, you will need to carefully plan the IRS Tax debt settlement program pennsylvania. If you need more time to pay back the IRS, an instalment agreement might help.

3. Submission of a Compromise Offer

Certain conditions must be met, however it is possible to minimise your overall IRS obligation through the IRS Tax Debt Settlement Program of compromise offer. The Internal Revenue Service (IRS) usually only agrees to a compromise if they are unable to collect more via the usual channels of forced collection. An offer in compromise is a wonderful strategy to resolve IRS debt.

4. Not Currently Considered Collectible

You may be eligible for this programme if you can show the IRS that you truly cannot afford to pay your tax burden without severely compromising your current way of living. This won’t eliminate your tax obligation, but it will put off collection efforts for a year or two while you get back on your feet financially. However, you can easily avail this benefit unless and until you hire experts for you to file an application on your behalf through IRS Tax Debt Settlement Services USA.

5. Initiate a Bankruptcy Case

Income tax debts may be dischargeable under Chapter 13 and Chapter 7 of the Tax Code. All of your dischargeable debts can be written off under Chapter 7, whereas Chapter 13 allows you to repay a portion of your debt over time while the remainder is written off. Before declaring bankruptcy, you should seek the advice of a tax professional in regards to your mounting IRS debt.

6. Redress for the Innocent Spouse

If you and your spouse file your taxes jointly and your spouse fails to pay their share of the taxes, you may be able to get out of paying them. Innocent spouse relief may be available to you if you meet the IRS’s requirements. Settlement of tax debt by this method is possible and a company providing IRS Tax Debt Settlement Program Pennsylvania services might help you.

7. Dispatch wage Garnishments

When you owe taxes to the IRS, they can take money directly from your paycheck. A garnishment of your earnings often follows the freezing of your accounts and the subsequent confiscation of the funds in them. Each pay period, the IRS can have money withheld from your paycheck by your employer. If this is the case, it may be time to talk to the IRS about debt reduction options. You may be able to get the garnishment released from the IRS if you can establish that you are unable to maintain even the most fundamental of lifestyles due to the levy.

Why work with the IRS Tax Debt Settlement Company?

The repercussions of tax arrears are severe. Getting expert assistance may be your best choice if you need help dealing with IRS debt. What is hiring an expert so important? First of all, dealing with the IRS may be challenging, what with having to navigate legalese and double-check that you’ve included all required paperwork.

If you need assistance figuring out how to settle your IRS debt, consulting a tax professional for IRS Tax Debt Settlement Services USA may save you time, energy, and maybe even money by guiding you to a quick resolution before interest begins to accrue. This is especially true when debt loads are heavy.


In Conclusion, Paragon Tax Solutions offers a team of qualified specialists that can help you address your IRS Tax concerns in a timely and effective manner, whether you need assistance with debt or someone to negotiate on your behalf. Don’t put off getting help with tax debt until you get the IRS’s final notice.