4 Ways to Solve State Tax Problems

Posted by Sunder Singh on November 30th, 2018

Are you facing problems with your taxes? No matter what the problem is, there is a solution. The IRS and state have in place numerous mechanisms to allow a taxpayer in any situation to get a resolution to a problem. The worst thing is to ignore and not take any action.  Here are a few tax problems solutions to get rid of these problems:

Way-1: Pay The Taxes

There are many different payment options which you can pursue if you can’t pay in full or on time. Once you reach an agreement, you will be seen in good standing even if your taxes not have been paid. If the agreement has not been set-up, then you will be charged additional penalties for not getting into an agreement or a set-up.

Way-2: Offer in Compromise

If your financial situation is deplorable and you are convinced that you will not be able to pay the taxes, then you may qualify for an offer in compromise. In such an agreement you will be able to settle the taxes owed for a lesser amount which is owed to you.

Way-3: Abatement of Penalty

If you feel that you should not be held liable for the penalties that you have been charged on the taxes that have been owed or you are grappling with the penalties for unified taxes, then it is possible to get these penalties removed. The penalties are a tool with the IRS users to scare the taxpayers to stay in compliance with the laws. When the IRS feels that there are legitimate circumstances in which the taxpayer can’t be held liable for the taxes, they can go for the abatement of the penalty request.

Way-4: Relief to Innocent Spouses

It is a rare kind of tax relief which applies to those taxpayers which have been filing joint returns. In it, they have a tax amount owed, and one spouse feels that it is the responsibility of the other spouse. In case of a joint return is filed both the taxpayers are held liable for the entire amount owed. With the innocent spouse relief, the tax liability of the on one of the spouses or it may be separated so both the individuals are not jointly responsible for the entire amount.

Finally,

Thus there are ways for tax problems solutions, and if you want to solve them, then there is a way!