Many individuals struggle with tax debt for numerous reasons. It’s not uncommon that someone may owe tens of thousands in tax debt brought upon by many factors, some of which are beyond their control. When handling tax debt, it’s important to remember that hiring professionals is the best way to ensure the most effective solution. Levy & Associates has been in the business of helping individuals with tax debt for over 20 years. Their highly trained professionals can give you tips on how to reduce your current tax debt and avoid further tax debt in the future.
How Levy & Associates can Lower Tax Debt
The first thing we will tell you about tax debt is to double check your previous returns. Levy & Associates can help you check your returns for deductions you may have missed and reduce the amount you owe. Because tax debt is so detail oriented, it’s beneficial to combine your efforts with tax experts in order to achieve all of the necessary deductions to lower your tax debt. Once you’ve found all of the necessary deductions, Levy & Associates can help you choose a tax debt plan that best suits your situation.
You can resolve tax debt with the help of experts if your tax returns are accurate and you qualify for one of the many tax debt relief programs that the IRS offers. Tax pros at Levy & Associates offer over 20 years of experience and reasonable rates designed to help relieve your tax debts at minimal cost to you. Their ability to check your tax returns for accuracy, illustrate the tax debt relief options available to you, and negotiate with the IRS makes them a great alternative to trying to settle tax debt on your own.
Whether you’ve already filed your taxes or are currently working on your most recent return, Levy & Associates can review your returns to determine whether or not they are accurate. Giving you insight into deductions that you may have missed can substantially reduce your tax debt and help you avoid an audit by the IRS. It may also be beneficial to file an amendment in order to reduce your amount of tax debt.
Tax Debt Reduction / Management Strategies with Levy & Associates
- Contact the IRS with the help of Levy & Associates and come to an installment agreement that allows for monthly payments.
- Take advantage of the newly formed partial payment installment agreement where you can enter a long term payment plan at a reduced dollar amount.
- File for Offer in Compromise; a program where you end up paying less than you owe, but requires you to make a lump sum payment.
- Ask Levy & Associates whether or not you qualify for Not Currently Collectible; a play where the IRS agrees not to collect your tax debt for a year.
Contact Levy & Associates today for a no-obligation consultation.