Do you need to get help with IRS tax debt? Are you feeling overwhelmed and stressed out because of it? You are not alone. Millions of Americans find themselves in the same situation every year. Fortunately, there are options available for those who need tax relief. Below are seven things to consider when seeking tax relief.

How Much Do You Owe?

The first thing you should do is figure out how much you owe. It may seem like a no-brainer, but many people are surprised to find out that they owe more (or less) than they thought. If you don’t know how much you owe, you can use the IRS’s online tools to get an estimate. Once you know the exact amount, you can start exploring your options.

Are You Eligible for Any Tax Credits or Deductions?

There are many tax credits and deductions that you may be eligible for. These can help reduce the amount of taxes you owe. Some common examples include the earned income tax credit, the child tax credit, and the education tax credit.

If you’re not sure whether you’re eligible for any tax credits or deductions, you can use the IRS’s online tool to find out. Be sure to take advantage of any credits or deductions you’re eligible for. It could mean the difference between owing a few hundred dollars and a few thousand.

Have You Filed Your Taxes on Time?

If you haven’t filed your taxes on time, you may be subject to penalties and interest. It can add a significant amount to the total amount you owe. If you’re behind on your taxes, it’s important to file as soon as possible. The sooner you file, the less money you’ll owe in penalties and interest.

If you can’t afford to pay the full amount you owe, don’t despair. The IRS offers several payment options, including installment plans. You can find out more about these options on the IRS website.

Are You in Collection?

If you owe back taxes, you may be in collection. It means the IRS has assigned your account to a collection agency. If you’re in collection, it’s essential to act quickly. The sooner you take action, the better.

What Are Your Options for Tax Relief?

There are a number of options available for those who need tax relief. These include payment plans, offers in compromise, and currently not collectible status. You can learn more about these options on the IRS website.

If you’re struggling to pay your taxes, don’t wait to seek help. There are many options available. The sooner you take action, the better. Talk to a tax professional or the IRS to find out more about your options for tax relief.…