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How do I get Tax Relief Help?

Article Details
  • Written By: Malcolm Tatum
  • Edited By: Bronwyn Harris
  • Last Modified Date: 13 April 2018
  • Copyright Protected:
    2003-2018
    Conjecture Corporation
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Tax relief is the term used to describe various services that help individuals and businesses deal with issues related to tax debt. In most cases, tax relief help is sought once it becomes apparent that the debtor is about to encounter serious problems with a national tax agency. The ultimate goal of any entity providing relief of this type is to mediate a solution to the problem that is acceptable to both the tax agency and the debtor.

The first place to seek tax relief help is from a tax accountant. Accountants of this kind are well versed in tax law as it is applied within the laws of a given nation. Often, the accountant can assess the status of the purported debt, compare it to the financial records of the debtor, and make informed suggestions as to how to secure the best settlement deal with the appropriate tax agency. There is also a chance that the accountant will work as a liaison between you and the tax agency while the settlement is being discussed, a move that could prevent the seizure of assets such as property or bank accounts.

Tax relief help can also be obtained from fee-based services that specialize in working with tax agencies on behalf of their clients to develop an acceptable settlement. Many of these services employ experts who have previously worked with national tax agencies, and have a thorough understanding of current tax laws, including more obscure regulations that could be used to negotiate a better settlement. Some tax relief help services of this type charge a flat fee for their services, due upon successfully obtaining a reasonable settlement. Others will charge a percentage of the amount of money they save the taxpayer.

In many countries, it is also possible to obtain assistance directly from the tax agency itself. A specialist can go through all available financial records and ask questions about the condition of your finances. During this process, the specialist may be able identify deductions that apply to your condition, but were not claimed on your tax returns. Along with assisting you to take advantage of any type of preferred tax relief or disability tax relief that is due you, agents can also help structure a repayment plan for any outstanding balances, including late charges and other penalties, that may remain. This can make it easier to avoid the embarrassment of undergoing a wage garnishment, or losing a home in order to settle tax debt.

People sometimes go through difficult periods where they are unable to honor their tax obligations. When that is the case, making use of various tax relief help options can make it easier to get back on track, and be free of the weight associated with a large tax burden.

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