The IRS officers offer chances for a fresh start to the tax payers of Tampa. The tax payers are required to pay an offer amount that is calculated in keeping with their inability to pay the outstanding tax. The IRS officers will take into account your present financial situation and the equity value of your assets. The offer amount can save you a large chunk of the tax along with interest and penalties.
Another solution to the Tampa tax problem can be termed as currently not collectible. Under specific temporary circumstances, some taxpayers of Tampa find it difficult to keep up with their IRS liability and pay taxes. Serious illness and layoff are among the situations that leave them unable to afford paying tax. Get yourself listed in the list of currently not collectible to avoid penalties and interest.
Installment agreements or payment plans are looked upon as a solution to the Tampa tax problem that the residents of Tampa suffer from. A number of factors are there to help determine if an installment agreement is suitable for the tax resolution cases.
Taxes are not discharged in bankruptcy. Three factors are there to help determine if unpaid taxes are to be discharged in bankruptcy. There are more than 150 various kinds of penalties to apply in case of the taxpayers who fail to pay their share of tax. These solutions apart, annuity of minimum is also considerable as a solution to the tax debt problem in Tampa.