LOS ANGELES (PRWEB) April 29, 2019
Tax liens and wage garnishments due to back taxes are not uncommon in today’s economy. On average 19% of taxpayers in the United States owe back taxes each year, which are in need of experienced tax resolution services.
In May 2012 the Internal Revenue Service announced another expansion of its Fresh Start initiative by offering more flexible terms to its Offer in Compromise program assist taxpayers settle back taxes and release levies and tax liens. Sherri Gastelum, president of Platinum Tax Defenders reminds taxpayers that these changes to Fresh Start Program can make a huge difference in taxpayers financial life this coming tax season. She points out the changes that were made to this program and the importance of taking advantage of these adjustment. Platinum Tax Defenders encourage individuals with back taxes to call a trusted tax resolution firm and learn about their options with the adjusted Fresh Start Program that could be temporary.
“The IRS has created special programs that allows the taxpayers to postpone payments on back taxes for a certain amount of time,” says one of the tax specialists at Platinum Tax Relief. Offer In Compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
"This phase of Fresh Start will assist some taxpayers who have faced the most financial hardship in recent years," said IRS Commissioner Doug Shulman. "It is part of our multiyear effort to help taxpayers who are struggling to make ends meet."
According to the guidelines provided by the IRS, OIC is generally not offered if the IRS believes that the tax payer in need of help with back taxes liability in full as a lump sum or payment plan agreement.
Fresh Start program can be very helpful, and it is important that taxpayers follow each step very carefully throughout the application process in order to become and remain eligible. This can be time consuming and requires much focus and negotiation skills.
Sadly, these and many other facts are information gained through experience, by years of working in the field and are not general knowledge known by all taxpayers. This is where a skilled tax attorney can help find the right solution to fit each individual taxpayer’s budget. “There is no such a thing as one size fits all when it comes to tax solutions. Our goal is to get to know each client’s financial situation and negotiate the best repayment option on behalf, and guide them through this challenging process,” says one of the tax specialists at Platinum Tax Defenders.
Platinum Tax Defenders is a full service tax resolution firm that offers help and advice to taxpayers that owe back taxes. Tax attorneys, IRS enrolled agents and CPAs of this firm, are knowledgeable and experts in tax negotiations with over 20 years of experience. They work closely with their clients to determine the best strategy to help each client in paying off their back taxes for good..
Platinum Tax Defenders works diligently with their clients to set them up with the lowest payments possible, and advises them through each step of the process in order to ensure that their clients receive the much needed tax relief in order to move towards a brighter financial future.
Taxpayers need to contact a professional tax attorney without delay before the IRS takes an action against their assets…
Tax resolution services can help taxpayers to avoid:
- Increased penalties and fines
- High-Interest compounded daily
- Loss of property
- Bank Levies
- Wage Garnishments
Or if these action has already been taken by the IRS professional tax resolution firms like Platinum Tax Defenders can represent taxpayers in IRS negotiations and help to settle back taxes for them.
Platinum Tax Defenders are experts in tax negotiation, offering a wide range of tax resolution services for individual taxpayers and small business owners in need of back tax help and other tax related problems. With over ten years of experience representing clients in negotiations and settlements with the IRS, they help regular citizens avoid significant fines and even foreclosures, by facilitating penalty abatements, lien subordinations, restructured payment plans, and the release of bank levies and garnished wages.
For more information about being audited, or to schedule a free consultation regarding any other concerns about tax debt relief, call 1-800-991-3242