“With the economy in the shape it is in, we are finding the Internal Revenue Service more willing to dialogue than ever,” reports Instant Tax Solutions co-founder Byron Pedersen. Pedersen, who helped build Instant Tax Solutions to what is today, has seen his organization help clients from all over the United States. Instant Tax Solutions has an excellent rating from the Better Business Bureau. Pedersen says that Instant Tax Solutions employs over forty tax professionals.
According to the Instant Tax Solutions website, an online educational resource, there are two categories of programs for individuals seeking to pay back taxes. The first category of programs, explains Instant Tax Solutions, is to negotiate a settlement for less than what is owed. The second category of programs for paying back taxes, reports Instant Tax Solutions, is to apply for special consideration for the entire amount owed. Drawing from the Instant Tax Solutions online resource, this brief article will focus on the second option, applying for special consideration for the entire amount owed.
Sometimes the entire amount cannot be reduced, therefore the taxpayer has a second option of programs available to them, explains Instant Tax Solutions. The Instant Tax Solutions online resource describes three potential agreements offered in an attempt for special consideration concerning the entire amount. The first potential agreement in which a taxpayer may qualify is a Guaranteed Installment Agreement (GIA). A GIA, states the Instant Tax Solutions website, is an installment agreement in which the taxpayer owes under $10,000 and agrees to pay the debt in three years or less. A GIA is only possible if the taxpayer has not had an installment agreement with the IRS in the previous five years.
The second potential agreement, explains Instant Tax Solutions, is the Streamlined Installment Agreement (SIA). An SIA can potentially be negotiated if the taxpayer’s tax liability does not exceed $25,000, states the Instant Tax Solutions online resource. The taxpayer must also agree to pay the debt in full within a sixty-month period.
Instant Tax Solutions explains that if a taxpayer cannot qualify for one of the first two options, then a third alternative is available. This third option is an IRS Installment Agreement. However, Instant Tax Solutions points out that the taxpayer will be subject to intense financial scrutiny concerning qualification. According to the professionals at Instant Tax Solutions, The IRS will require all information regarding a taxpayer’s assets, liabilities, income and expenses. The taxpayer has five years to pay the tax debt, according to Instant Tax Solutions. “All the above options, particularly the third option, are best negotiated with the assistance of a tax relief professional,” notes Instant Tax Solutions’ Byron Pedersen.
Instant Tax Solutions was birthed out of a vision to join expert tax relief services with an absolute commitment to integrity. With genuine concern for clients and a combined tax relief experience of over one hundred years, the professional and highly educated staff continues to remain current with tax changes. For more information about the assistance offered by Instant Tax Solutions, visit them online at http://InstantTaxSolutions.com.
Click here to read Part 1 of Instant Tax Solutions: Back Tax Relief
View Comments (5)
I was attempting to negotiate an Installment Agreement on my own with the IRS. At one point it appears as if an agreement was about to be reached and then...Out of blue, EVERYTHING STARTED TO FEEL HOPELESS TO ME. I immediately went on the web and luckily I came across the website of Instant Tax Solutions. The ease in making payments on Instant Tax Solutions’ service was excellent and the cost of the service was worth EVERY PENNY!
Every Instant Tax Solutions person that I came in contact with (via phone or email) was professional and courteous. I would recommend Instant Tax Solutions to anyone that may feel at a loss in confronting the IRS.
BTW.. It did feel like my problem with the IRS was resolved in an instant!
ILast summer we were stunned to find the IRS had put a wage garnishment on my paycheck and was trying to collect back taxes from over 10 years ago. In a panic, we found the website for Instant Tax Solutions and rather blindly decided to give them a call. They were wonderful and put our mind to ease immediately. Instant Tax Solutions told us exactly what they could do and were upfront with fees. Within 2 weeks, the garnishment was lifted and within a month we had a payment agreement worked out with the IRS. These people are the real deal. When you have to deal with the IRS it is very scary but Instant Tax Solutions calmed us and gave us hope that this all could be fixed. There are no hidden agendas with Instant Tax Solutions. I highly recommend them to anyone who finds themselves in a similar situation. They know their stuff and they truly work on your behalf. We still have a lot of money to pay the IRS but at least it's manageable and at least I have my paycheck back. Call Instant Tax Solutions and let them ease your mind. Bob and Nancy
I just want to say what outstanding service we received from Instant Tax Solutions, especially Mark Murray, Eric Joseph and Jenelle Graham. They helped us through a very hard time in our lives when we needed it most. We cannot thank Instant Tax Solutions enough for all their hard work and dedication. They truly are the best in the business at getting people out of Tax troubles, and we would refer Instant Tax Solutions to anyone that are having hard times and in need of help from the IRS.
Thanks again,
Kurt and Peggy
I had not filed my taxes in six years and had a tax lien filed against me for over $17,000, and after penalties and interest it was around $41,000. The stress alone was terrible. I was worried about wage garnishments. With 2 children there was no way I could afford that. The people at Instant Tax Solutions were very professional and easy to work with and after around six months my OIC was accepted and a beautiful price of $1,000. I would especially like to thank Liz and Doug from Instant Tax Solutions you have been excellent. I am 100% satisfied and would recommend Instant Tax Solutions to anyone who has a similar situation.
Thanks a bunch, Robert
Words do not describe my gratefulness for the entire staff at Instant Tax Solutions. Everyone that I spoke with treated me with kindness and professionalism and I never had to wait more than an hour for a return email question and most times, Shane would just call me at home and keep me posted of every step of the process and what I had to do next. It was simply wonderful! The IRS Representative that we worked with treated Shane and I with respect and friendliness. I was so glad that I decided not to try and do this OIC by myself. It would have been impossible.
I'm certain that there are many more people just like me who don't have a clue about how to handle such a frightening ordeal and they need to know about Instant Tax Solutions.
Thank you!
Linda