Tax Relief
What is an Offer in Compromise?
16/05/08 12:37
There are many enjoyable things in life...Dealing
with the IRS is not one of them. Enough said. By now,
you have probably heard of the mythical Offer In
Compromise program established by the IRS. But what
exactly is an Offer In Compromise? Read
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Tax Relief for Back Taxes
08/05/08 11:30
A difficult scenario for many people is when they are
in search of tax relief. For most people, this means
they have gotten behind on their IRS taxes and are no
quite sure what to do next. The IRS collections
department doesn't seem to make your life any easier.
Yes, they act as if it's a newer gentler collections
team, but make no mistake...They have only one
mission, which is to collect money! However for
obvious reasons, simply paying back any owed
delinquent taxes is not as easy as it sounds. After
all, if a person owes $40,000 in back taxes, where
exactly are they supposed to get that from? In the
past, many would refinance their home and pay their
back taxes that way. But in the current economy, with
foreclosures dooming so many lenders, refinancing
one's home is becoming impossible. Meanwhile, the IRS
continues sending out threatening letters, makes
visits to one's employers, and garnishes wages and
levies bank accounts. So how is one to receive tax
relief? Read
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Innocent Spouse Relief
14/04/08 13:25
Although it may seem like you are stuck with an
unimaginable amount of IRS debt, take comfort in
knowing that you are not alone. Believing that you
should not have to carry the stress of the world on
your shoulders, Atlas Tax Solutions is devoting
itself to teaching others what their options are. It
seems that many focus on the Offer In Compromise,
however there are other things you can do to
alleviate your situation. One of those is to use the
Innocent Spouse strategy if you qualify. Read
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Offer in Compromise
13/04/08 12:25
Millions of Americans every year find themselves in
the dire position of owing back taxes to the IRS.
Just the work IRS itself puts fear into most people.
The Internal Revenue Service doesn’t do themselves
any favors by sometimes being harsh with tax payers.
But keep in mind that they’re just doing their job.
The collections division is there to collect money,
simple as that. So what is a delinquent tax payer to
do? There are different options available, the most
attractive being an Offer In Compromise. Atlas Tax
Solutions assists those in need when possible by
negotiating with the IRS to make this option
possible. Read
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Back Tax Defense
11/04/08 15:25
There is no denying that for millions of Americans,
the one absolute need is a good back tax defense
strategy. So many people owe back taxes to the IRS
and don’t know what to do. You may wonder how do
people get behind on their taxes in the first place.
Well, life has a funny way of sneaking up on you as
many in debt have discovered. But there’s a big
difference that separates people who are behind on
their taxes, from say credit card payments or even
their mortgage payments. IRS back payments are unique
in the fact that most people are completely caught
off guard since it’s difficult to pre determine how
much you’ll owe in taxes. Fortunately, there are
programs to help you out of a big tax bill!
Read
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Short Sale
09/04/08 15:19
There seems to be much confusion about what taxes may
be owed if you sell your home via a Short Sale. Let’s
clear this up. Basically a short sale is when your
lender agrees to take an amount less of what is owed.
For millions of people in foreclosure, a short sale
is sometimes an option. But what happens to the
amount forgiven? Well, in the past you were
responsible for paying taxes on that amount. However,
Congress passed the Mortgage Foregiveness Debt Relief
Act. Due to that, you no longer have to pay taxes on
a short sale.
Back Tax Defense - Enlisted Military Get Help With Owed Back Taxes
14/02/08 14:01
You may qualify for a deferral of the back taxes you
owe if you can show that your military service
compromised your ability to pay your taxes. The
Service Members Civil Relief Act provides this unique
benefit to active duty members of the military
service that owe back taxes; whether you are in the
Navy, Army, Marine Corps, Air Force, Coast Guard, as
well as commissioned officers of the uniformed
services, such as Public Health Service and the
National Oceanic and Atmospheric Administration. With
regards to Reservists, it is important to note that
Reservists must be placed on active duty to qualify.
National Guard personnel not serving in a
“federalized” status are no covered however.
Read More...