FAQ

WHAT IS TAX RELIEF AND HOW DO I QUALIFY?

Tax relief is a program initiated by the IRS that enables taxpayers to potentially settle their tax debts for a portion of what is owed. Tax relief is offered on different levels, depending on the taxpayer's specific tax situation. While the IRS does not openly advertise these programs, Low Cost Tax Relief specializes in finding the best possible solution for those who qualify.

Falling behind on tax payments to the IRS is a common issue that millions of Americans have experienced at some point. Owning money to the IRS can be daunting, but there is hope - tax relief is available.

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HOW TO GET TAX RELIEF FROM THE IRS

If you are unable to pay your tax liability and want to remain compliant and out of collections with the IRS, there are many ways to manage tax debt. Here are some factors to consider:

1. Installment Agreement If you can afford monthly payments to the IRS, consider working out an installment agreement. This payment plan requires that all necessary tax returns have been filed, and you owe $25,000 or less in combined tax, penalties, and interest.

2. Hardship Options If you do not have the ability to pay off your tax liability in full and cannot afford a monthly payment plan with the IRS, you may qualify for hardship options. The IRS offers a temporary hardship agreement to taxpayers who do not have the current ability to pay off their liability based on their financials. To request a hardship agreement, the IRS will require the following:

• A list of savings, sources of income, and assets

• Your most recent bank statements

• Market value for assets

• Proof of income within the last three months

 

HOW DO TAX RELIEF COMPANIES WORK?

Tax relief companies negotiate with the IRS on behalf of taxpayers for an agreed fee. A reputable tax relief company, such as Low Cost Tax Relief, can help you reach a tax relief agreement with the IRS. Their knowledgeable experts can assist you through tax audits, help reduce your tax debt, and stop wage garnishments and bank levies from happening. In some cases, you may be able to settle tax debts for much less than the original amount owed. The tax relief experts at Low Cost Tax Relief are available to be your dedicated resource to save you the most money while resolving your IRS debt in the shortest amount of time possible.

 

HOW DO I PROTECT MYSELF FROM TAX RELIEF SCAMS?

It is important to take precautions against tax relief scams and tax-related identity theft. Make sure to arm yourself with the right information. Low Cost Tax Relief is a legitimate tax relief service, and you can check out their reviews on this website and third-party websites such as Site Jabber, Inc., and The Muse, among others.

 

HOW DOES LOW COST TAX RELIEF WORK?

The IRS is the world’s most powerful collection agency and can seize your home or bank accounts, garnish your wages, etc. Low Cost Tax Relief specializes in resolving and reducing IRS or State Tax Debt. Their unique “Two-Phase” approach is revolutionary in the Tax Resolution industry. They will give you a detailed understanding of your options.

 

HOW DO I GET STARTED?

Call one of their Tax Specialists today for a free, no-obligation consultation. They will determine whether they can represent you and guide you to the best possible tax solution for your specific case. If you choose to become a client, they will start working immediately on your case to help resolve your tax issue as quickly and effectively as possible.

 

HOW MUCH WILL I SAVE?

Each case is unique, and they may not be able to save you anything at all. However, they can evaluate your case, determine if you qualify as a client, and help determine if they can save you money. For those who qualify