In some states for instance a taxpayers penalties can be waived but interest cant. A recap of key tax relief provisions available following harvey irma and maria.
Your tax records are destroyed in a fire.
Irs relief. Irs offers help to hurricane victims. If youre required to make estimated tax payments youve made them for the current period. In order to qualify for a collection alternative the irs will require to be current with your taxes.
Irs announces tax relief for victims of severe storms straight line winds tornadoes and flooding in mississippi see news release. Irs penalty relief would likely not apply if you waited for months to file or never filed at all. Interest is charged by law and will continue until your account is fully paid.
State tax relief programs. Call 1 877 777 4778 or visit irsgovadvocate. If you received a notice or letter stating we didnt grant your request for penalty relief you may want to use the penalty appeal online self help tool.
Often the tax relief is targeted at providing aid for a certain event or cause. Washington the internal revenue service today offered a rundown of key tax relief that has been made available to victims of hurricanes harvey irma and maria. Irs tax relief programs are available to people who either cant afford to pay their tax debts in full eg offers in compromise or shouldnt actually owe back taxes.
As a former irs revenue agent with over seven years of experience he has the knowledge and skills to effectively represent you against aggressive irs audits and collection actions. Youve filed all of your tax returns that are due. Irs announces tax relief for texas victims of severe storms and flooding see news release.
Irs relief provides drought stricken farmers ranchers more time to replace livestock see news release. Benjamin rucker is the owner and founder of rucker tax consulting llc. Irs resolution services contact us welcome this website exists to provide clients and potential clients with information concerning our firm and our unique low pressure approach to personal and professional services.
The irs will likely find reasonable cause if it takes you a little longer to file or if you no longer have full supporting documentation for every item on your return. Tax relief is intended to reduce the tax liability of an individual or business entity. Is interest relief available.
The process for tax settlements with the states is very similar to the process with the irs although it varies from state to state. The irs doesnt abate interest for reasonable cause or as first time relief. Irs tax debt relief programs.
He focuses on representing taxpayers across the country who are facing irs problems.