Tax Relief MD

Tax Terms and Definitions: [Abatement of Penalties] An abatement of penalties is a request to the IRS to remove certain penalties that were added to the taxpayer's account for a particular year or multiple years. The taxpayer is required to have reasonable cause that is specific for each year when submitting this request and must be able to explain why this reason should grant the penalties to be removed from your account.

Owe $10,000 or more in back IRS taxes? Get the IRS off your back, with our tax resolution service! Did you know with TAX RESOLUTION you can: Remove Levies Remove Wage Garnishments Get back money levied from your bank accounts (must be within 21 day period)... Take back the control of your life! We offer the following (3) programs to that are custom tailored to suit your specific tax needs: 1. Installment Agreement (IA) - An Installment Agreement is a mutual agreement between the IRS and the taxpayer to pay delinquent debt over a specfic period of time. 2. Offer In Compromise (OIC) - Code Section 7122 authorized the Commissioner or his delegate the authority to compromise most tax liabilities. An OIC is an agreement between the IRS and taxpayer that allows the taxpayer's delinquent tax debt to be compromised for less than the amount owed. The offered dollar amount is based on the taxpayer's net worth plus their future income potential. 3. Currently Not-Collectible (CNC) - Status 53 is also referred to as Currently Non-Collectible, Currently Uncollectible, or CNC. Status 53 allows taxpayers to make no monthly payments to their delinquent tax debt. Generally due to minimal income to provide for themselves and their family. I hope this information helps you gain more insight on what exactly Tax Resolution Services are and what these programs can do for you and your family. Contact us at: (877) 698-2963 #taxhelp #taxsettlement #irshelp #getoutofdebt #taxresolution #taxhelper #taxrelief #taxreliedmd