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  Category: Articles » Finance » Taxes » Article

Tax debt relief frequently asked questions

By Terry O'Rourke

Tax debt relief is a serious matter and should be treated as such by anyone
involved with tax debt. This is why it is recommended that you learn your rights
as a taxpayer and seek the advice of tax professionals to protect you, your
family, property and business.. Many people don¡¯t know but taxpayers are
usually represented before the Internal Revenue Service by a tax attorney,
Enrolled Agent or Certified Public Accountant (CPA), as this gives them a
higher probability of settling their debt in a positive manner. OF course, you
can also skip having professional legal advice and try to deal with the IRS
issues yourself. However, most people do not have the expertise or stamina
and get overwhelmed by the complexity of the process, and the pressures
already created by the tax debt; and the tax debt relief process.

Why should you consider hiring a professional legal advisor?
Simply state; you will save time and energy by retaining a tax professional and
you will realize that your decision also helped you save a lot of money. The
cost of hiring a tax attorney,. Enrolled Agent or CPA is a smart and prudent
investment when considering the potential benefits that come from a well
planned tax relief action plan. You will receive legal and ethical counsel that
will help you reduce tax debt while staying in compliance with the IRS and
eliminate the frustrations and emotional stress involved in the tax debt relief
process. Due to the specialized knowledge and complexities for tax debt relief
by retaining a tax attorney, Enrolled Agent or CPA increases your success for
tax relief.

What are some of the potential benefits?
The benefits for tax relief are both tangible and intangible. Tax debts can be
reduce by as much as 90% in some cases, can increase your credit score and
remove tax liens from properties. Debts of less than $10,000 may be paid off
in 5 years if the legal right to a payment plan is accepted. Other plans are
available, such as the one in which you can repay an amount up to $25,000 in
five years, with this amount including all penalties and loan interest. There are
three main offers in compromise that you can opt for: doubt as to liability;
doubt as to collectibility; and effective tax administration. Of course, other
solutions may also be offered by tax debt relief specialists ¨C plans such as the
current uncollectible status, innocent spouse relief, bankruptcy and others can
be discussed during your free consultation . Your tax debt specialist will
suggest the best plan for your individual case and will base their suggestion
on several factors, including your life style and income.

Learn More at
About the Author
Terry O'Rourke, Managing Director of Citizens Tax Relief, which is a
national tax relief firm with tax attorneys, Enrolled Agents and CPA's has
over 20 years experience helping taxpayers and small business owners. As
O'Rourke states "Citizens Tax Relief philosophy is to educate the taxpayer
and the small business owner to their rights and remedies for tax relief.
Through our free consultations taxpayers are better informed and have the
ability to make educated decisions that can save time and money"
The firm is a member of the Better Business Bureau with an AAA rating with a
reputation for straight forward answers and solutions that have helped
thousands of tax payers and small businesses."

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