Uncle Sam Wants You... To Settle Your Back Taxes
 by: Joseph Hernandez

Are you aware that it's possible to settle your back taxes with the I.R.S.? If you qualify, Uncle Sam will accept settlements as low as 10 cents on the dollar!

Due to the recession, the I.R.S. has become more lenient with taxpayers.

"Good News For You. Tax Settlement Is Not For The Rich"

How does tax settlement benefit you? If you qualify, you will only be obligated to pay back a small fraction of what you owe Uncle Sam.

If you are experiencing financial difficulties, and you can provide legitimate reasons why you didn't pay your back taxes, then interest and penalties should be reduced or eliminated.

If you are not financially secure and you don't have a significant amount of assets, you may qualify. In general, the more impoverished you are, the less you will have to pay back to the I.R.S. However, depending on the settlement option, you may be required to sell major assets to reduce the amount that you owe to the I.R.S.

A prerequisite to qualifying is that you must have filed your your income taxes for all previous years.

Offer Uncle Sam As Little As You Want

Here's how it works. First, choose the best settlement option you feel that you qualify. Then, submit an

application to the I.R.S. Next, state how little you want to offer. After that, submit the application, along with financial documents such as income, expense and asset documentation.

After reviewing your file, the I.R.S. may respond one of several ways:

1. Inform you that the file is incomplete.

2. Notify you that you do not qualify for the settlement option.

3. Adjust the amount of your offer.

4. Accept your offer.

"How Much Can I Save?"

The amount you save would be the difference between the amount you owe, less the amount you settle for, including settlement fees charged by the tax settlement company (if you don't settle yourself).

You may choose to utilize the services of a CPA or Tax Attorney. They generally will be able to obtain a better settlement than if you filed yourself. However, with almost anything else, you may choose to do it yourself. Happy Bargaining! For more information, please visit http://debtfreesolutions.mobi.

About The Author

The author invites you to visit: http://debtfreesolutions.mobi