Millions of families in the United States are experiencing financial devastation. The crisis has affected everyone and for some, the situation is getting desperate. Many have mortgages, vehicles, and other loans to pay off. Then there is the issue of back taxes. Perhaps it was an innocent mistake or maybe it was failure to file taxes, but they have mounted upward to a tragic amount, and there is no way to pay it.
Does this situation sound familiar? Maybe you are one of these in this particular situation. If yes, then the IRS is encouraging folks like you to apply for a settlement agreement with them. It will benefit you in the end depending on how much you have to pay the lawyer. You don't even necessarily have to hire a professional because you can easily do it by yourself. This is especially convenient for those who wouldn't be able to pay a lawyer anyway. The government has the process laid out for you to follow.
This settlement process doesn't just have its advantages for you, it also benefits the IRS. Ever wonder why? The IRS doesn't want to have to chase people down, it means more staffing costs. They would like to be able to close these open files and say goodbye to them. The settlement agreements are a way for them to do that while saving you money as well.
The system works really well for all parties involved. When you do apply for it, do yourself a favor and have your documents properly prepared. It will make the process quicker for you.
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