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Tax Amnesty
A Tax amnesty program provides comprehensive tax relief while avoiding criminal prosecution. Typically a state or federal IRS Tax amnesty schedule has a very short window of opportunity. Generally, the state will waive penalties if you file returns and pay your taxes during the amnesty period. You must be cautious though, the state will impose larger than normal penalties if you fail to take action during the amnesty period.
The Goal of Federal Tax Amnesty on Income
Tax Amnesty programs encourage people to file and to pay their back taxes. In return, the tax agency, may reduce penalties, or even waive the penalties entirely.
In order to qualify for the waiver of penalties, the taxpayer must pay the entire amount of taxes due, plus any interest, by the program's deadline. Also, the taxpayer may have to sign a settlement agreement in which the taxpayer agrees to file and to pay all taxes on time in the future. Be sure to consult with an IRS tax relief/tax amnesty professional before obtaining and signing any official documents.
IRS Amnesty Liaison
Your best option is to let a professional tax relief specialist expedite and simplify the process for you, so you will be sure to have all necessary information reported in the allotted period of time. Having professional tax representation also alleviates the stresses, hefty time commitment, and bureaucracies involved in dealing with the IRS or a state agency directly. Save yourself the headache in an already stressful situation.
Get more specifics on State Tax Amnesty Programs or contact us about Federal Tax Amnesty.
Get Your Options
It is always best to contact the IRS before they contact you. This way, you have more leverage and are often times offered more leniency. Often times the department you contact at the IRS are collectors, without much sympathy or understanding for your unique situation. They read from a script and are required to ask you a long series of questions before compromises are made.
If you are afraid to contact the IRS, or do not want to wait on hold for long periods of time only to argue, give use a call.
If you are seeking out tax amnesty options either for state or federal taxes, contact us to see what may be available.
Back to Tax Relief Services
or Contact Us Now for inquire about Federal Tax Amnesty Programs that may be available.
Our services are available in all 50 states including Texas, California, New York, Alaska, Hawaii, and the District of Columbia. |
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