If you are trying to get a tax penalty abatement, you will find that you may also need to stop wage garnishment which occurs after your employer is forced by a court order to withhold some of your earnings from each paycheck. Getting a professional to initiate the tax penalty abatement process would be wise when you find that you are in over your head by at least ten thousand dollars. Fortunately, you can count on a tax debt relief specialist in order to give you the opportunity to deal with your issues on your terms.
In addition to the tax penalty abatement process, you might want to look into getting Effective Tax Administration offers which is something you could qualify for when you are ineligible for the OIC program because of doubts of liability or collectability. Remember that the IRS will not begin their attack with garnishments, liens, and levies without warning you first and this gives you time to get together with a professional to see if you can start the tax penalty abatement process. The best tax relief help will always come from a third party source and once you have this window of opportunity, you should take it before it is too late.
When President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001 into effect, it was the largest of a series of tax cuts that became law, but this does not change the fact that you may need a tax penalty abatement in order to deal with tax penalties and get general back tax relief. You will find that by dealing with your tax problems as soon as possible, they will be easier to conquer. Furthermore, you will wind up owing less overall.
The best thing for you to do is to get in touch with a professional as soon as you see that things are going to spiral out of control. Once you do, they will be able to get an idea of what kind of trouble you are in and start formulating solutions. From their help will come the ability to deal with the IRS properly.
In the end, you will conquer your back tax problems and finally find some relief. Then, you will not have to worry about the IRS bothering you any longer. Instead, you can live your life without being in fear.
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