A tax settlement is an agreement that allows a taxpayer to retire their outstanding balance at less than the original amount. One must consider if a tax settlement process is appropriate as everyone’s scenario is different. Individuals who owe taxes often find the tax authority is willing to negotiate with them in order to settle their debt. A person typically negotiates the tax settlement with the IRS or may include a third party in negotiation. Since there is typically a very positive result from seeking the assistance of a tax relief professional, firms that specialize in tax resolution can also help to lower the debt balance to the individual.
Through tax settlement, you are able to negotiate your outstanding balance to a lesser value. Confiding with Clear Start Tax will allow you a better chance to get your tax liability for pennies on the dollar.
Remove Liens & Garnishments
Tax liens and wage garnishments occur solely because you are not able to pay off your tax debt. As soon as you’re able to pay off the entirety of your debt, the liens and garnishments that have been imposed on you will be removed.
Get Your Tax Refund Sooner
The IRS will withhold your tax refund up until the point you fulfill your tax debt in full. With the balance being more feasible, you’ll be able to receive your refund a lot sooner.