tax settlement

Settle Your Tax Debt with an Offer in Compromise

Do you owe more in taxes than you can reasonably afford to pay back? If this is the case, the IRS may be willing to accept a settlement of far less than what you owe to clear the balance for good. An Offer in Compromise is often the best way to stop IRS collection, get tax liens removed and permanently settle an IRS tax debt. Call or Contact us today for a free consultation to determine if the Offer in Compromise program is right for you.

Washington Tax Services can stop your Wage Garnishment

Wage garnishments are used as an attention getter by the IRS and are not meant to be a permanent solution for a tax debt. The IRS will release a wage garnishment if a taxpayer agrees to another repayment plan, a settlement or can prove to the IRS that they cannot afford to make payments. The tax professionals at Washington Tax Services are experts at getting wage levies released. If the IRS has garnished your wages and you need help, call or contact us today!

You may have asked yourself the question “should I make my own offer in compromise?” To answer this question, you first need to consult a tax professional who helps you to settle your tax debts. Only after this will you know if you should make your own offer in compromise. Eventually, the decision would depend on your particular financial situation. The tax professional initiates the process of determining your potions by preparing a financial statement that reflects your income and assets.

Washington tax could save you thousands with an IRS Offer in Compromise

Credit, the word gives a sigh of relief to you when money is needed the most. You just pick you credit card and slide it to purchase whatever item you like. At that time it behaves like magicians rod, just move it and you get what you need. But the same word can sometimes increase your blood pressure when you are not able to pay back the magical amount you took from the credit card company and then the only way of for you is debt settlement. Though it sounds like a court settlement but is poles apart from that.

Almost every taxpayer faces, at one time or another, a tax bill he cannot pay. The bill may come in response to a return he has filed, after an audit. At any given time, 15% of all taxpayers owe back taxes. In 2005 the IRS issued over 29 billion dollars in penalty assessments.
Here is a guide to guide you through your tax debt woes, the little known IRS program that let you settle tax debts for a small fraction of what you owe.