How to Reduce Back Taxes

Are you looking for Irs debt relief to reduce back taxes? Perhaps your wages have been garnished and you want to stop IRS wage garnishment. Wage garnishment involves the sanctioned deduction of money from the paycheck of an employee, sometimes as a result of a court order. There are tax penalties associated with wage garnishment, but tax relief help is available.

If you want to reduce back taxes you might want to think about Effective Tax Administration which requires that the taxpayer is ineligible for an offer in compromise due to either theory of Doubt as to Liability or Doubt as to Collectability. When a government has a legal claim against your property due to your failure to pay taxes, they are said to have a federal tax lien. It is still possible, however, to reduce back taxes even if you have such a lien against your property. Even if you do not have enough money to pay your taxes, you should first of all still file a return in order to avoid penalties.

Former President George W. Bush signed many tax cuts into law during his presidency. The largest one is known as the Economic Growth and Tax Relief Reconciliation Act of 2001. If you never collected moneys due to you under this act, you may be able to get help with back taxes. Occasionally, taxpayers do not receive money owed in a previous year, which can help them reduce back taxes that they currently face.

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