Win Your Tax Amnesty Case with the IRS!

In 2012, a new tax amnesty program was introduced for taxpayers and businesses with offshore accounts and money in tax haven countries, inviting them to voluntarily disclose their finances in those accounts and pay the required amount of taxes without any additional civil or criminal penalties.

In very rare occurrences, a taxpayer can receive tax amnesty. The IRS does not have a specific program for tax amnesty for taxpayers with tax debt and will decide on a case-by-case basis. Tax amnesty should not be pursued as a legitimate tax relief solution, unless the circumstances are extreme enough to grant a taxpayer the ability to pay a defined amount in exchange for forgiveness of their tax liability.

Taxpayers can apply for IRS programs to receive some forgiveness of their tax debt. However, these programs should not be misinterpreted as tax amnesty. Such programs include:

  • -Penalty Abatement: Taxpayers can have part of or their entire penalty fees forgiven, reducing their tax debt.
  • -Partial Payment Installment Agreement: Taxpayers can reach an agreement with the IRS to pay a set amount in payments for an approved amount of time, forgiving the remaining amount of the debt.
  • -Currently Not Collectible: Taxpayers can reach an agreement where they are able to postpone payments until their financial situation improves. In some cases, this program will run until the Statute of Limitations expires, forgiving the remaining amount of tax debt.

 

If you have a back tax debt and are interested in reviewing your IRS program options, please call us today for a free consultation with a tax debt specialist!

Call Now 717-965-9403

 

Tax Problem Resolutions

Tax Debt Problems

Tax Debt Solutions

Tax Debt Resources