Free Consultation
FAQ

Questions,
answered.

Don’t see what you’re looking for? A 10-minute consultation usually answers everything.

Ask a Specialist
What is an offer in compromise and how do i qualify?

Offer in Compromise is a program that the IRS implemented years ago to allow taxpayers to settle tax arrears for a portion of the amount owing. Depending on your unique tax status, different amounts of tax settlement are available. Tax Settlement Center specializes in finding the best possible option for people who qualify, even if the IRS does not overtly advertise these programs.

Millions of Americans have fallen behind on their tax payments to the IRS at some point in their lives. It can be frightening to owe money to the IRS, but don’t worry, and don’t lose faith — there are options for tax settlement.

The IRS and state collection process involves sending notices to taxpayers with outstanding tax debts. If debts remain unpaid, agencies may resort to actions like wage garnishment or bank account levies to collect what is owed.
Yes, if you have unpaid taxes, the IRS has the authority to levy your bank account. They can seize funds from your account to satisfy your tax debt, but they are required to provide you with notice before taking such action.
Yes, the IRS can garnish your wages to collect unpaid taxes. This means they can legally take a portion of your paycheck until your tax debt is fully paid off. However, they must follow specific procedures and adhere to limits set by law when garnishing wages.

If you can’t afford to pay your tax bill but want to stay compliant and out of IRS collectors, there are several options available to you. Here are some things to think about if you’re trying to figure out how to pay your tax bill:

1. Installment Agreement

Consider working out an installment plan with the IRS if you can afford monthly payments. This long-term payment plan requires that you have filed all applicable tax forms and owe no more than $25,000 in total tax, penalties, and interest.

2. Hardship Options

If you don’t have the financial means to pay your tax debt in full and can’t afford a monthly payment plan with the IRS, you may be eligible for hardship relief. The IRS offers a temporary hardship arrangement to taxpayers who do not have the financial means to pay down their debt right now. If you want to get a hardship agreement from the IRS, you’ll need to provide the following information:

A list of savings, sources of income, and assets.
Your most current bank statements.
Market value for assets.
Proof of income within the last three months.

Tax settlement firms work by negotiating with the Internal Revenue Service on your behalf for a fee. A reputable tax relief firm may contact the IRS to work out an offer in compromise, an installment agreement, or a penalty or interest abatement. A reputable tax settlement firm, such as Tax Settlement Center, can assist you in reaching an agreement with the IRS. Our skilled specialists can help you navigate tax audits, minimize your tax burden, and avoid wage garnishments and bank levies using proven tactics. In some situations, you may be able to settle your tax arrears for a fraction of what you owe. Tax Settlement Center’s tax relief experts are ready to be your devoted resource for saving you the most money while settling your IRS debt in the quickest period feasible.The tax experts at Tax Settlement Center can provide you piece of mind and, more importantly, help you handle your IRS issues!
It’s critical to protect yourself from tax settlement scams and tax-related identity theft. We wrote a comprehensive post about tax relief frauds. Make sure you have all of the necessary information. We are a globally recognized company that addresses a variety of tax concerns, and Tax Settlement Center is a reputable tax relief service.
The IRS is the most powerful collecting agency in the world, with the ability to confiscate your home or bank accounts, as well as garnish your salary. You usually have two options: pay the full amount right away or pay it back over time with interest and penalties. Tax Settlement Center is a company that specializes in settling and lowering IRS and state tax debt. In the tax resolution sector, our innovative “Two-Phase” approach is genuinely revolutionary. You’ll know everything there is to know about your alternatives.
For a free, no-obligation consultation, contact one of our tax specialists now. We’ll see if we can represent you and then work with you to find the greatest feasible tax solution for your situation. If you want to become a client, we will begin working on your case right away to assist you handle your tax problem in the most efficient and effective manner possible.
Each case is different, and we might not be able to help you in any way. We can assess your situation, decide if you qualify as a customer, and assist you in determining if we can save you money. We have often been successful in saving our clients money on their tax obligation and settling cases for a fraction of the amount owed for those who qualify.
As soon as you become a client, Tax Settlement Center will start getting involved. Our clients usually wait until the last minute or have exhausted all other options. As soon as you sign up with Tax Settlement Center, we begin working on your behalf and resolving the specifics of your case, whether it’s a wage garnishment, bank levy, aggressive phone calls, mailings, or anything else.
Every tax case has its own set of difficulties and processes. The majority of tax relief claims take between 2 and 6 months to complete. We’ll be able to properly predict your case timeframe once we know how complicated your tax situation is. At Tax Settlement Center, our goal is to get you the best possible result in your specific tax situation as quickly as possible.