Encino, CA (PressExposure) February 11, 2009 -- With tax season quickly approaching, the IRS has announced that it will be providing help to those Americans struggling to meet their tax obligations this year. This means that distressed taxpayers plagued by mounting medical bills, heavy reliance on Social Security assistance, or recent job losses may now be eligible for a tax break.
âThis is a difficult time for many Americans facing financial hardship,â said Michael Rozbruch [http://www.taxresolution.com/about-us.asp], founder and CEO of Tax Resolution Services, Co., a company that provides affordable solutions to people with tax problems. âBut with the IRS pledging to offer greater flexibility to troubled taxpayers, thereâs a unique opportunity for Americans to get the tax help they need now to resolve their IRS debt.â
If you cannot afford to pay your taxes, the IRS encourages you to contact them directly. However, Rozbruch recommends consulting with a highly qualified tax representative first.
âTaxpayers who owe more than $25,000 to the IRS will be required to provide full financial disclosure, and you will need to hire specialized tax resolution experts to negotiate on your behalf,â Rozbruch said. âAdditionally, tax relief professionals can help you negotiate an Installment Agreement [http://www.taxresolution.com/payment-plans.asp] where you pay your liabilities over time, while arranging for the lowest possible monthly payment and providing you with various options for making those payments.â
If you cannot afford to make monthly payments and donât qualify for another type of tax relief [http://www.taxresolution.com/services.asp], such as an offer in compromise, Rozbruch says that there are other options including negotiating that your account be placed in a "currently not collectible" status so that you will not be required to make payments and the IRS will not pursue collection action.
Tax Resolution Services is dedicated to providing affordable solutions to businesses and individuals who find themselves in trouble with the IRS. Their team of expert tax attorneys, enrolled agents and CPAs has a success rate of 90% - second to none in the industry - and an Offer in Compromise Settlement Rate of $0.13 on the dollar. For more information or to receive a FREE tax relief consultation, visit http://www.TaxResolution.com or call 818-774-1813.