Leveraging Covid-19 To Make $0.00 Payments To The IRS For Two Years (if you qualify)
If you have been impacted by the Coronavirus situation, such as having been laid off, and you don’t know if and when you're going to be able to get back to work anytime soon….
You may have applied for unemployment benefits.
Or if you're a small business owner and your business is shut down right now, because you just can't work and generate income...
Possible Solution: Even if You Have No Money To Make IRS Payments!
There is something that you might be able to benefit from if you owe back taxes to the IRS. There is a resolution option available to you called “Currently Not Collectible” status. Just like it sounds, if you currently not able to make payments to the IRS because you're unemployed, or you are temporarily laid off, or your work hours have been cut and you have just enough to pay your rent and eat, then you can request Currently Not Collectible Status.
This status allows you to make zero payments for, usually, one to two years. The IRS will review your tax returns from now on to see if your financial condition has improved.
One Two-Page Form Needed Before Calling The IRS
To prepare for this, you will fill out an IRS Form, a Collection Information Statement, which will request you to disclose your assets, your liabilities, and your income and expenses.
This is for entertainment purposes only.
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Successfully dealing with the Internal Revenue Service is about knowing the laws and procedures that IRS employees must follow, and effectively leveraging that knowledge.
Attorney Tony Ramos has been helping taxpayers deal with the IRS since 1989, and today his law practice is dedicated solely to resolving tax debt for his clients.
If you want to learn how to deal with the IRS to settle your tax debt in your best interest, listen to this podcast.
If you want a free consultation with Tony Ramos, go to tonyramoslaw.com/relief or call 210-361-5119 today.