When it comes to tax season, we're all looking for a break. For those who owe taxes, the pressure is really on at tax time. Thanks to the tax relief tips and our exclusive sponsor, DebtHelp.com, taxpayers can learn ways to manage their money and balance their taxes every year to avoid the unfortunate circumstance of owing the IRS
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Boston, MA (PRWEB) March 13, 2007
Tax laws can be confusing and intimidating, especially when taxpayers find themselves owing back taxes to the IRS. DebtHelp.com selected LifeTips for content development services to share clear, helpful information about tax penalties and overcoming tax debt. DebtHelp.com is now the exclusive sponsor of the tax relief tips in the LifeTips network.
"When it comes to tax season, we're all looking for a break. For those who owe taxes, the pressure is really on at tax time. Thanks to the tax relief tips and our exclusive sponsor, DebtHelp.com, taxpayers can learn ways to manage their money and balance their taxes every year to avoid the unfortunate circumstance of owing the IRS," said Melanie Nayer, editor of LifeTips.
Sample Tax Relief Tip:
- Tax Debt Help Mistakes
"Becoming involved in a tax debt situation can be a nervous time for many. Receiving the first IRS notice can come as a total surprise and bring a panic attack. It turns out you must contact the IRS when requested to do so. Before you do, however, there are some things you need to know.
- Be armed: Have all of your applicable documents with you. This includes your IRS Notice Letter, your social security number (or taxpayer identification number), applicable tax year, and tax amount.
- Be friendly: State why you are calling in friendly terms. Whether or not you believe it, the IRS does have humans working there. Treat them with respect as you would otherwise.
- Do not be berated: You do not have to put up with an IRS revenue officer who belittles you or tries to mistreat you. If you are uncomfortable with anything about the IRS revenue officer with whom you are dealing (or feel he or she is incompetent), simply ask to be transferred to another officer. If this does not work…
- Contact the Taxpayer Advocacy Service: This independent organization of the IRS will deal impartially with you regarding your IRS employee interactions. Report the revenue officer with whom you were dealing.
- Meet deadlines: It goes without saying that if you meet your tax deadlines both for filing your tax return and for paying your taxes, then you will not begin to have tax debt issues. Set up a tax calendar to help with this.
- Pay your taxes: This is another common sense statement. When you file your tax return, pay your tax bill in full, or as much as you can. The more you pay, the less you can be penalized. Pay your delinquent taxes as early as possible. Tax penalties and interest have led to many an ugly tax debt situation.
- Sell your assets: It may be a good idea to sell some of your assets to pay off your IRS tax debt. The IRS, with its incessant penalty and interest accruing, is not a pleasant creditor to have hovering around.
- Do not ignore: Do not ignore the IRS once you receive your first IRS Notice. It will not go away like a bad virus over time.
- Do not volunteer information: Stick with the facts that pertain to your tax debt situation. The more information you give to the IRS, the more they have to question.
- Do not admit to violating tax laws: Do not admit to anything. It more than likely was an oversight on your part that caused your tax debt problem, not an out and out violation. The IRS may try to coerce you into admitting wrongdoing. Do not let them.
- Know where you stand: Know how far along the IRS collections process your tax debt situation really is. What needs to be done to correct it? What do you need to do? What will the IRS do?
- Get it in writing: Whatever the IRS says, ask that it be put in writing. Many times this will be done anyways, but it is better to be safe than sorry.
"Individuals and businesses need a place to turn when they have IRS problems. DebtHelp.com is proud to offer a solution that will help manage and eliminate state and federal tax debt," said John Turner, President of DebtHelp, Inc."
Read more great tax relief tips at http://TaxRelief.LifeTips.com.
DebtHelp.com is the premier online source for businesses and consumers to find solutions for their unique debt problems. Whether one needs help with credit card debt consolidation, mortgage refinance, student loan consolidation or tax debt, DebtHelp.com connects its visitors to a service provider or mortgage lender who can help immediately to solve their problems.
LifeTips creates and delivers print, web content and link solutions that become powerful assets for clients. Our project-based services and staffing services connect clients with our pool of over 500 expert writers. Writers so great-- they're Gurus! With an engaging voice and infectious enthusiasm, our freelance writers, editors, SEO consultants and engineers can take the complexity of any business and create informative content that connects with readers, earns trust and drives traffic and sales. From SEO-friendly content assignments to Tip and Advice Centers to on-demand book printing, our solutions are working for FTD, H&R Block, LowerMyBills, Merck, One Hanes Place, Office Depot, The Company Store, Verizon Wireless and Yankee Candle.
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