*IRS Tax Debt Relief Program

  Tax debt can be overwhelming, but the IRS offers relief programs to help taxpayers manage and settle their obligations. If you're struggling with unpaid taxes, understanding these programs can be the key to financial stability. The IRS Tax Debt Relief Program is designed to assist individuals and businesses facing difficulties in paying their taxes. It includes several options that help taxpayers reduce or restructure their tax liabilities, making it easier to pay off debt without severe financial hardship. Types of IRS Tax Debt Relief Options Offer in Compromise (OIC) Allows taxpayers to settle their tax debt for less than the full amount owed. Eligibility depends on income, expenses, and asset equity. Requires submission of IRS Form 656 and financial documents. Installment Agreements Enables taxpayers to pay their debt in manageable monthly installments. Different types of agreements, including short-term and long-term plans. IRS Form 9465 is required to apply. Currently Not Co...