While many enjoy a refund on tax day, not everyone is so lucky – with around one-fifth of taxpayers feeling increasingly stressed about their tax debt. As the number of unpaid taxes continues to rise, they reveal a growing need for effective and affordable resolutions.
According to a recent survey, 45% of American taxpayers were surprised to learn that they owed money to the government. This situation is only exacerbated by the density of tax code and the public’s fearful perception of the IRS.
Often, when individuals finally build up the courage to seek help with their IRS debt, they are met with a number of challenges. By relying on tax attorneys or accountants, individuals face high fees but are not guaranteed a resolution. Unfortunately, this leaves their problems unsolved and can result in heightened confusion and overall frustration.
Some of the anxiety surrounding IRS debt comes from their power as a Federal agency. When it comes to collecting debts, the organization possesses a unique ability to individually seize and levy any (or all) personal assets. After a certain number of notices are issues, the IRS may begin ‘collecting’ on debtors, by taking investment accounts, bank accounts, businesses, homes, or other assets through the law. Despite this, many taxpayers are unaware of the IRS’ ability to do so and can quickly find themselves in hot water. Uniquely, TaxClosure’s clients receive individual support, never available before, including specialized assistance in resolving IRS debt.
TaxClosure’s founding firm was the first tax resolution firm in America. Amassing over 40 years of experience, the company was hallmarked by a team of former IRS insiders. With this extensive and novel experience, the firm has integrated its expert knowledge into its TaxClosure to help taxpayers navigate the intimidating process of filling out required documentation and contacting the IRS. Due to this, TaxClosure is positioned to provide a win-win-win solution that accommodates the needs of all parties involved in the process.
With TaxClosure, clients can settle tax debt through an affordable pay plan or even quality for a government no-pay plan. This status is categorized by the IRS as ‘currently not collectible’ and if achieved, they will stop the collection process and allow taxpayers to move on with their life without harboring the burden of a rising tax debt.
The TaxClosure technology is available 24/7 and in many cases, can facilitate same-day resolutions. Taxpayers complete a form, contact the IRS independently, or utilize its unique concierge services. This step is critical to assure outstanding balances have been resolved and agreements have been locked in. The success of TaxClosure stems from its deep and dedicated understanding of taxpayer rights and the internal procedures of the IRS. Charles T. Almond, founder of the company, says that this breakthrough technology closes a historic gap in the market.
“Before TaxClosure, taxpayers had little to no help in resolving their IRS debt,” Charles shares. “Most taxpayers know that they owe money to the IRS and that it’s a serious problem, but they lack the resources and the knowledge to confidently help themselves. TaxClosure functions as a bridge between the ‘formidable’ perception of the IRS and individual taxpayers who are simply trying to comply with their duty to the agency. TaxClosure explains why the IRS asks the questions they do, what they will do with that information, and ever so importantly the individual’s taxpayer rights associated with presenting their financial condition and ability to pay.”
Research revelas that over 50% of US citizens fear the IRS and believe that the tax code is unnecessarily complex. These attitudes cause procrastination or willful ignorance, leading taxpayers down a more complicated path. Unfortunately, these duties cannot be ignored as they are a legal requirement and delaying this only increase the due debt. TaxClosure leverages decades of industry expertise alongside user-friendly communications, allowing taxpayers to remain on top, and put their best foot forward. By registering for an account today, anyone struggling with IRS tax debt can utilize TaxClosure’s simple and secure online portal.
