In fact, it’s never been easier to get your IRS Back Tax Debt forgiven. Whether you owe the IRS thousands or tens of thousands of dollars in back taxes, you’re likely to be eligible for some sort of tax forgiveness program.
Is the IRS currently not collectible a forgiveness program?
The IRS Currently Not Collectible program is not necessarily a forgiveness benefit, but more of a delay tactic. If you can get the IRS to approve your debt as Not Currently Collectible, then they’ll put your back tax repayment requirement on hold, for some set period of time (typically, about a year).
Are there different ways to get tax forgiveness?
This year, there are 9 different ways to receive some form of IRS tax forgiveness. Depending on your unique financial situation (though mostly based on the difference between how much you owe, and what it looks like you can afford to actually pay), you’ll need to choose which of the programs below work best for you.
Are there any tax forgiveness programs for 2020?
In 2020, IRS debt forgiveness opportunities are abundant again! In fact, it’s never been easier to get your IRS Back Tax Debt forgiven. Whether you owe the IRS thousands or tens of thousands of dollars in back taxes, you’re likely to be eligible for some sort of tax forgiveness program.
Is the IRS allowed to enforce debt collection?
The rule regarding IRS debt collection practices is that they are not allowed to enforce any collection action which would lead you, the American taxpayer, into a financial disaster or crisis.
Can a Chapter 7 bankruptcy discharge a tax debt?
Both Chapter 7 and Chapter 13 Bankruptcies allow Americans to discharge their income tax debts, but there are specific requirements that determine who is eligible to receive a tax debt discharge via bankruptcy, so don’t think that simply choosing to file means getting the forgiveness benefit.
Is it illegal for the IRS to collect from you?
It’s simple, really… it’s illegal for the IRS to collect money from someone who literally cannot afford to pay it. The rule regarding IRS debt collection practices is that they are not allowed to enforce any collection action which would lead you, the American taxpayer, into a financial disaster or crisis.
