| Are you completely overwhelmed because you owe | | | | 2.) The tax return was filed at least two years ago. |
| back taxes and have no way to pay them? Are you | | | | 3.) The tax assessment is at least 240 days old. |
| living a nightmare that simply won't go away? If so, | | | | 4.) The tax return was not fraudulent. |
| then you need to figure out a way to get some back | | | | 5.) The taxpayer is not guilty of tax evasion. |
| tax relief of it is at all possible. You do have some | | | | There are other ways to deal with tax obligations if |
| options that include setting up an installment agreement | | | | they fall between $10,000 and $25,000. If your situation |
| with the IRS, preparing an offer in compromise, filing | | | | fits this category, then your best bet is to hire a |
| your back taxes and somehow paying off what you | | | | qualified tax professional to make sure that your |
| owe in back your tax debt. | | | | original tax return is accurate. He or she will also be |
| If you are filing bankruptcy, there is a chance that | | | | able to help you set up a reasonable payment plan if |
| some of your back income tax debt may be eligible | | | | necessary. When looking for a professional tax |
| for discharge. Under Chapter 7 bankruptcy, you can | | | | advisor, make sure that he or she is a Certified Public |
| have all of your allowable debts discharged. Chapter | | | | Accountant, an Enrolled Agent or a tax attorney. |
| 13 bankruptcy allows you to pay back some of your | | | | People with these credentials can work directly with |
| debts by setting up a payment plan. In order for your | | | | the IRS on your behalf. Make sure that you can afford |
| income taxes to be discharged under either | | | | whomever you select because their rates vary |
| bankruptcy condition, you must meet five criteria. This | | | | according to their title, experience and office location. A |
| criteria looks at the tax debts of a particular tax return | | | | good tax professional will always look after your best |
| and within a certain tax year. Your tax debt may be | | | | interests and help you save money wherever you can. |
| dischargeable if: | | | | He or she will get you immediate back tax relief if it's |
| 1.) The due date for filing a tax return is at least three | | | | at all possible. |
| years ago. | | | | |