Wood Dale, IL (PressExposure) May 24, 2011 -- Tax Debt Direct is now available to assist taxpayers who owe the Internal Revenue Service more than $10,000 through tax debt relief with the federal government or by advising the tax payer of several legal options he or she can take to resolve overdue taxes.
Tax Debt Direct employs a team of professional accountants who are experienced in dealing with the IRS. If you decide to become their client, they will contact the IRS on your behalf and attempt to negotiate a settlement. In a tax debt settlement, the IRS agrees to accept a certain percentage of the total amount of tax that is due and absolves you of responsibility for the rest of it. Tax Debt Direct can also advise tax payers about setting up an installment agreement with the IRS to settle their own accounts. Taxpayers who owe less than $25,000 may contact the IRS themselves or work with a trained professional from Tax Debt Relief.
The worst thing for a person who owes money to the IRS to do is attempt to ignore the situation. This forces the IRS to pursue any means necessary to collect their debt, including putting a lien on a taxpayer's home or garnishing their wages. Many people are intimidated by the IRS and are reluctant to approach them if they are unable to pay their overdue taxes all at once. However, there are several payment plans available through the IRS for settling your debt with them.
Tax payers who owe the federal government less than $25,000 are eligible to establish an installment agreement which can be set up with an IRS agent over the telephone or on their website. Different types of plans are available depending on if your balance falls below $10,000 or if it is between $10,000 and $25,000. Once the paperwork has been completed and the minimum monthly payment has been agreed upon, the IRS will commence to deduct payments from your checking account, credit card or through your payroll checks.
If you over $25,000 in back taxes, Tax Debt Direct can help you to deal with the IRS since it will be more difficult to enter into an installment payment plan agreement. To learn more about your options and how Tax Debt Direct can help you solve your tax problems, visit their website at:
Tax Debt Direct
236 E Irving Park Rd
Wood Dale, IL 60191