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Understanding Your Tax Relief Options in Fort Lauderdale

by | May 31, 2024

Owing the IRS can be challenging and intimidating for taxpayers. Fortunately, the tax code provides several tax relief options to help people who might find themselves unable to pay the IRS. If the IRS claims you owe $25,000 or more, contact our Fort Lauderdale-based tax relief firm for a consultation to learn about your tax debt relief options.

Here are some tax relief options for resolving tax debt:

Installment Agreements

Set up monthly payments to manage your tax debt more effectively. This option allows you to pay off your debt in manageable installments rather than a lump sum.

Offer in Compromise (OIC)

Settle your tax debt for less than the full amount you owe. This option is available to those who qualify based on their financial situation.

Penalty Abatement

Remove or reduce penalties for those who qualify. If you meet certain criteria, you can get relief from some or all of the penalties imposed by the IRS.

Innocent Spouse Relief

Shield yourself from being held responsible for the tax liabilities arising from your spouse’s actions. This option is available if you can prove that you were unaware of the discrepancies that led to the tax debt.

Currently Not Collectible (CNC) Status

Temporarily halt IRS collection activities if you’re facing financial hardship and qualify for this status. This provides temporary relief while you get back on your feet.

It’s crucial to find the best solution for your individual situation. Unless you have experience in this area, it’s advisable to consult with tax relief professionals who can provide personalized advice based on your unique financial circumstances.

If you owe over $25,000 to the IRS or have unfiled tax returns, give us a call at (954) 715-7285 for a free, no-obligation consultation to see which of the above programs you qualify for. Alternatively, you can set up a meeting on our calendar at Jablonsky Tax Relief.

We’re here to help you navigate your tax relief options and find the best path forward.

author avatar
Bob Jablonsky, EA Founder
Bob Jablonsky is the founder of Bob Jablonsky & Associates. He has spent his career helping taxpayers resolve tax issues and get back on track with the IRS. In addition to tax resolution his firm also prepares hundreds of tax returns every year for both individuals and small to mid-sized businesses. Bob is an IRS Enrolled Agent (EA), which is an elite credential issued by the Internal Revenue Service to professionals who demonstrate special competence in federal tax planning, individual and business tax return preparation, and representation matters. An Enrolled Agent license is the highest credential awarded by the IRS and is recognized across all 50 states. Additionally he is a CMA, or Certified Management Accountant, a designation for financial controllers and CFOs (Chief Financial Officers), as well as an Advanced Certified Quickbooks Pro Advisor.

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