How can I negotiate my IRS debts?

Answer 1

First..be careful. There are a lot of crooks out there claiming they can reduce your debt. There are some real scummy lawyers out there that will charge you a fee and while you are paying them a monthly fee..your IRS debt continues to get worse. Can you imagine that? You are already in financial trouble..then a lawyer comes a long and promises you help.

So this what I would do.
1. If you make less than $39,000 a year then visit the IRS face to face. If you make over $39,000 a year they will not assist you face to face.
Find out everything you can do. Flat out ask them if you can negoitiate a deal. Find out who you need to work with. They will only give you 2 years to pay it out. If you miss a payment...they will garnish your wages and you will really be hurting.
2. Visit some lawyers. Get referrals. Research them on Google or Yahoo..whatever..just research them. People that got screwed over by the crooked lawyers will post it on the internet fast. Before you sign anything...ask a lot of questions. Visit other lawyers too. If they start making promises that sound too good to be true..well it probably is.

I think that's about what I would do. Check this one out. First read the attorney's website..it sounds like a miracle..
http://www.jkharris.com/

Now read this website about JK Harris.

http://www.scamclub.com/reports/JK%20Harris%20and%20company-49.html

As you will see you have to be careful...because people in your situation have been taken advantage of. So at any rate..I hope that I can at least help you from getting in a worse situation. Good luck on getting it reduced if you can.

Answer 2

1) If you owe under $10,000, there is not much you can do. Enter in to an installment agreement and stick to the payments.

2) If you owe over $10,000, you may qualify for an "Offer In Compromise". Search at IRS.gov. The IRS may accept less than you owe based on your ability to pay. They take a look at everything you own and your future earning power to determine if you can pay or not. Two things to keep in mind though: The IRS has up to two years to decide whether or not to accept your offer and they say "No" over 85% of the time.

One last thing, if after researching the Offer In Compromise, you believe that you may qualify, contact a CPA or EA in your area that has experience with these. DO NOT call one of the firms that advertises on TV or radio. Their fees are outrageous and they don't have any higher of a success rate.

Answer 3

there will be effects and interest yet you may artwork out an settlement with them only by using asserting what you may and can't do. extremely many times your ultimate guess is getting a private loan from family individuals or pals so the IRS burden would be lifted yet that isn't any longer constantly plausible. be sure you initiate off putting away some money for next 365 days's tax bill yet now could be a stable time to boost income or decrease expenses. in keeping with hazard you may sell issues you no longer desire, artwork a factor time activity, or do away with those extra advantageous cable channels or cellular telephone??? in case you owe taxes it skill you're spending extra advantageous than you earn that's a recipe for disaster. Get your existence returned on the right song with a plan and shop on with it. there is existence after debt yet only you may spring returned by using making the next day extra perfect than the day gone by. Lay off the chuffed nutrients and biggie fries, stay low-fee, and get the IRS off your funds asap.