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Showing posts from August, 2020

Tax Resolution Help

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If you are having a hard time figuring out how to resolve your back taxes, Golden Tax Relief is here to help remove that burden. Here are just a few quick topics of importance that we offer with our services.   If you cannot afford to pay your back taxes in full, the Offer in Compromise program offers taxpayers who owe the IRS more than they could ever afford to pay, the opportunity to pay a small amount as a full and final payment. Taxpayers who attempt to file for an OIC on their own often put themselves at risk of not qualifying for a settlement or they end up paying more than they have to. Once a wage garnishment is filed with an employer, the employer is required by law to collect a large percentage (usually 30-75% or more) of the taxpayer’s NET paycheck and return it to the IRS. As a final result for settling back taxes, it may be possible for you to file for bankruptcy if the IRS rejects your IRS Payment Plan or Offer in Compromise. There are very specific rules & regulation