Even if you are not bogged down in credit card debt, mortgages, and other such bills, a tax debt valued at tens of thousands of dollars in most cases can cause definite financial stress. So imagine what it is like if there are the other bills to worry about.
There is a tactic to deal with this that may not be receiving great publicity in either the positive aspect or in popularity. There are a lot of negative stories and perhaps that is the reason why it is not so popular either. There are many struggling with back taxes that haven't even heard of settling them. It may be time to change that.
The crisis seems to have made it easier to make settlements with the IRS because they just want some of their money. They will settle for what they consider to be a reasonable offer instead of the full amount to get some revenue and close cases.
This is part of the reason why if families are sinking in tax debt they should consider making the IRS an offer. It will save them money in the end and at this time the process may be just a little easier, especially if they have all of the proof that they need.
This is the perfect moment to try settling these issues and get them out of your way. The quicker you do this, the faster that everything can be dealt with and you can relax a bit more without worrying about your taxes - until next year at least!
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