FAQ

FAQ's

Tax debts can be very confusing. We have compiled a list of frequently asked questions on various tax settlement methods and various tax problems.

FAQ's

What is SettleTaxDebt.com?

SettleTaxDebt.com is a nationwide network of focused tax relief advocate firms that strive to protect you and your family from the devastating effects of looming tax debt. Our partners specialize in settling tax debt, preventing and ending wage garnishments, eliminating bank levies and averting property seizures. our team will fight to ensure your financial stability and help you enjoy life free from tax debt anxiety.

Why would the IRS or state treasury want to settle a tax debt?

The IRS understands there are situations in which they will not be able to collect the entire amount of tax a citizen owes no matter what they do or how hard they try. By agreeing to settle a tax debt, the IRS brings the Taxpayer back into the system. The Taxpayer is required to stay in compliance and pay their taxes on time after tax relief is granted. It’s a win-win situation for the Taxpayer and the IRS.

How do I know if I qualify for tax relief?

Our tax professionals can quickly determine if you qualify for tax relief.

Even if we determine that you do not qualify for an Offer in Compromise, you may still qualify other types of tax relief like Penalty Abatement, Innocent Spouse or Trust Fund Recovery. We can also arrange a manageable installment agreement with the IRS for you.

What do you charge for your services?

Fees are based on each individual case and will cover all aspects of your tax relief case from start to finish. This includes all your research, documentation, paperwork, follow up negotiations and any hearings before the Appeals Division of the IRS.

Why do I see commercials that say they can settle cases for pennies on the dollar?

When most people hear the phrase pennies on the dollar, they think 2 or 3 pennies on the dollar. You will notice that the advertiser does not mention how many pennies on the dollar they can settle your case for. Some citizens indeed qualify to settle their cases for 2 or 3 cents on the dollar. The IRS average settlement is for 12 cents on the dollar. Depending on your circumstances, you may qualify to settle for more or less.

Will the IRS keep sending me letters or calling me?

Once you become a client we protect and represent you to the IRS.

No more upsetting calls or threatening letters. This means that you will not have to speak to the IRS we will negotiate on your behalf and provide you with the relief you need now.

What is an offer in compromise?

It is a tax relief is a program wherein the IRS will settle a tax debt, whether personal or business for less than the amount owed if a Taxpayer qualifies.

What can you do about a bank levy or wage garnishment?

Our team can remove the levy in most cases on the same day you call us, if you qualify. We can also place a collection hold on your tax account to give us time to work out a tax relief solution for you.

Disclaimer: The choice of a lawyer is an important decision and should not be based solely upon advertisements. The information you obtain at this website is not, nor it is intended to be, legal advice. Past results afford no guarantee of future results and every case is different and must be judged on its own merits. You should consult an attorney for advice regarding your specific situation. Your review or use of this information, or contacting us, does not create an attorney-client relationship. If you communicate through this website or via an e-mail link, remember communications via the internet are not secure and are not confidential. Therefore, for any information you consider confidential, we welcome your call.