What kind of tax relief? Federal income tax, state income, property taxes? Need to know what you are asking about as that might affect the answer.
2007-09-18 08:19:42
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answer #1
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answered by Anonymous
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Assuming that you are talking about Federal back taxes.....
It depends on how much you owe.
If you owe over $10,000, you may qualify for an "Offer In Compromise". An Offer In Compromise is a settlement offer for less than you owe. It is calculated by estimating the value of all of your assets plus your earnings over the next three years (less living allowances). These offers are very time consuming and can take up to 2 years. The IRS says "No" over 80% of the time.
If you owe under $10,000, any settlement offers will probably be rejected. You should enter in to an Installment Agreement with the IRS and stick to it.
Whatever you do, do not call one of the firms that advertises on TV or Radio. They tend to be ripoffs. Contact a CPA or EA in your area if you think that you may qualify for an Offer in Compromise.
2007-09-18 05:00:44
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answer #2
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answered by Wayne Z 7
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The companies that advertise on TV are going to be pricey for anything they do. For negotiating a settlement--or just trying--you are probably looking at fees in the $4,000 range My professional fees ordinarily run in the $1,000-$1,500 range. Filing back tax returns is on a per return basis for the same price as current returns unless there is extra work involved. Costs for dealing with other collection issues normally run in the $200-$500 range. I am an enrolled agent with almost 40 years experience. If you want additional information outside this forum, you can email me through my profile.
2016-05-17 13:52:54
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answer #3
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answered by ? 3
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any doanations to registerd charity organisations give some relief.also it is for a noble cause,clarify with charterd accountant in your area
2007-09-18 04:42:58
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answer #4
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answered by madhavan n 6
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check the local Comissioner of revenue office; they will be aware of any assistance programs that might apply to you locally.
Federally; nothing happening.
2007-09-18 04:40:27
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answer #5
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answered by wizjp 7
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No
2007-09-18 04:41:57
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answer #6
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answered by Anonymous
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