Innocent Spouse Relief
We Got You - Innocent Spouse Relief
It’s common for taxpayers to be burdened with tax obligations that actually belong to their spouse or former spouse due to life situations. But there’s no need to worry, LFG Tax Help professionals can assist in removing the entire obligation, which includes penalties and interest.
If you’ve been receiving threatening letters from the IRS for an amount that seems impossible, don’t fear, there is hope! We provide tax relief services that can substantially reduce your tax liability, possibly saving you tens of thousands in penalties, interest, and fees tacked on by the IRS.
Most people don’t know that the IRS has numerous options available to taxpayers to help them get back on track. Unfortunately, the IRS doesn’t market these options because its job is to collect as much tax revenue as possible. At LFG Tax Help, our mission is to help you reduce your tax burden to the smallest dollar amount possible.
We are constantly staying up to date on the complicated IRS rules and calculations to quickly identify what strategy will deliver the best savings for you today. In addition, we manage the entire process for you, keeping you updated during the whole process.
If you’re unsure whether or not you’re entitled to tax relief, there’s a good chance you are, but there’s only one way to know for sure.
Contact us using the form below for a free consultation with one of our tax specialists to determine your eligibility for one of the many tax resolution options the IRS offers.
In under 15 minutes, you can breathe easier knowing tax relief is on the way, allowing you to get your freedom back.
FAQs
How do I reduce my tax liability?
There are numerous possibilities for reducing your tax liability if you’re unable to pay your entire tax bill. If you can make a strong enough case for your inability to pay your tax obligation in-full, the IRS will consider your income, assets, and future financial prospects to determine whether or not you are eligible for reductions in penalties, fees, and interest, and sometimes even the original tax liability. The IRS uses this information to calculate what repayment method is required–either an installment payment plan or a lump-sum payment–in return for drastic tax liability reductions.
Some options for reducing your tax liability might include:
- Offer-in-Compromise
- Penalty Abatement
- Non-Collectible Status & Statute of Limitations Expiration
How is income tax relief is calculated?
For Delinquent Tax Payment Plans
Payment plans for delinquent taxes come in short and long term arrangements. Approval for one of these plans will depend on your current financial situation and ability to repay. A long-term arrangement will set up payments over 120 days or more. You must owe a combined amount (taxes, penalties, and interest) of $50,000 or less to qualify for this option. For a short-term payment plan, payments are set up over 120 days or less. To qualify, you can owe a combined amount of up to $100,000.
For Tax Penalty Relief
For a delinquent taxpayer to qualify for tax penalty relief, they must meet the following requirements:
- Filed all their currently required tax returns
- Arranged to pay or paid any tax due
- Didn’t previously have to file a return or didn’t have any penalties for the 3 tax years prior to a penalty being assessed
For Offer-in-Compromise Tax Relief
When the IRS reviews your application for an offer in compromise, they will determine whether or not you qualify by considering factors such as:
- Your income
- Your expenses
- Your assets
- Your ability to pay
Who is entitled to tax Relief?
If you are unable to pay your tax bill, the good news is the IRS is usually willing to work with you as long as you can prove your financial inability to pay the amount in-full. After all, they’d rather get something versus nothing, and the best way for that to happen is if they find common ground that’s financially feasible for you.If the IRS is threatening to levy and seize your assets, Alleviate Tax may be able to stop the process by negotiating to get an installment plan approved and get you back in compliance with the IRS.Some taxpayers exhibit incredibly dire circumstances that may make it impossible to pay off their tax debt entirely. In these situations, Alleviate Tax can help determine the maximum relief available, which sometimes includes settling for a fraction of the demanded amount.
