Are You Eligible for Tax Relief Goldmine Screening
Types of Tax Relief Programs
There are several types of tax relief programs available, each targeting different needs:
1. **Installment Agreements**: This program allows taxpayers to pay their tax debts in manageable monthly installments instead of a lump sum. It's particularly beneficial for those who cannot afford to pay their taxes upfront1.
2. **Offer in Compromise**: This allows taxpayers to settle their tax debt for less than the full amount owed if they meet specific criteria. It is an option for individuals who cannot pay their full tax liability or if doing so would create financial hardship2.
3. **Penalty Abatement**: Taxpayers who have experienced unforeseen circumstances that prevented them from meeting their tax obligations may qualify for penalty abatement, reducing or eliminating penalties3.
4. **Currently Not Collectible Status**: If you are unable to pay your tax debt due to financial hardship, you may qualify for this status, which temporarily suspends collection activities4.