The need for IRS tax relief by individuals and businesses is growing substantially in the United States.  The growing need comes from the simple notion that people and businesses can’t usually pay the total lump sum amount of debt that they owe to the United States Department of the Treasury.  We all know what comes next when someone can’t pay Uncle Sam, he will come knocking on the door. Sometimes, that knock is done with a phone call or letter, but it really can be an actual knock on the door as well. Unlike doctors these days, Revenue Officers still make house calls.   

People who need IRS tax relief really just want to get the IRS off their back and out of their hair for good. There is a good reason for that too, because it is no surprise to anyone that the Internal Revenue Service has a heavy hand to collect money from people. Unfortunately, there is no soft heart to go along with the heavy hand that Uncle Sam uses to collect money.  Their heavy hand never seems to go on a diet either, because they collect money year round through wage garnishments, bank account levies, asset seizures and the damaging effects that come from federal liens.

The good news is that government regulations allow for IRS tax relief for people and businesses that need it. There are options for people and businesses that really can’t pay up. The golden rule on this issue is based on the phrase “ability to pay.” If someone truly doesn’t have the ability to pay what they owe to the U.S. Treasury Department, they can qualify for IRS tax relief.

The decision to determine someone’s ability to pay the government is found in the details of their financial position. There are formulas and factors that they use to make a determination about the ability to pay.  It should come as no surprise that the government is more than likely going to interpret someone’s ability to pay differently than the person who is asserting that they can’t pay their debt.  Therefore, to get the IRS tax relief that they are seeking, a person or business needs to show that their financial position is reflected with a true inability to pay.  This is why having a professional handle the matter makes a difference.

The financial data that is reviewed by the government in these matters is extensive. They look at things that range from income to assets. They get down to the very intricate details of these items. Other factors that are considered, such as age and health, are also thrown into the mix.  Anticipated financial matters that could potentially come into play for a person in the future fall into the equation as well. These would include things like someone being involved in a lawsuit for which they could receive a future settlement. Circumstances such as being the beneficiary of an inheritance or insurance policy also get taken into account.

The bottom line is that the government will see someone’s bottom line differently then they see it themselves, so get help from a professional to get the appropriate relief needed.