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By Angelia Sampson
If you receive a CP 91 Last Notification Before Levy on Social Security Pay addressed to you, you’re actually getting the last warning from IRS before they take the gloves off. This is your final opportunity before a big bite of your Social Security Wages is claimed to quickly take care of the debt you owe IRS!
IRS Notice CP-91, Do Not Sit On Your Laurels
You must contact IRS with a solution to your IRS debt within approximately 1 month from the date on the Notice. You can expect detrimental results in the form of a levy of up to 15% on your SSI if you don’t contact the IRS. IRS couldn’t care less if you need all of your Social Security wages to pay your monthly obligations. They will take the money to cover your Tax Debt.
How Can I Halt the Levy on My Social Security Wages?
Ideally, you should repay the full amount you owe the IRS to prevent the Tax Levy from going through. However, you may not be able to pay back what you owe in one lump payment. It can be difficult to make a payment with IRS when you talk to them by yourself, but you might be able to work out a solution if you hire an experienced tax professional to represent you. Here are some of your available options should you decide to use specialized tax help:
Monthly IRS Payments: IRS may allow you to submit small monthly payments to cover what you owe by way of a Payment Agreement. IRS agents will examine your financial state carefully and determine whether or not you meet their qualifications.
IRS Debt Settlement: It depends on each individual’s circumstances, but you might be able to pay back your tax debt for less and take care of the whole thing in one payment. Determined by your situation and what you owe to the IRS, this could keep you from paying hundreds, even thousands of dollars. However, the IRS does not let your resolve your tax debt easily, so it is crucial to get a professional to negotiate an Offer in Compromise.
Currently Non Collectible (CNC): You may be given freedom from IRS Collections with “Currently Non Collectible Status” (or “Currently Not Collectible” or “CNC”) if there is no possible way for you to make a payment to the IRS. This status is solely for individuals who have no funds left after all basic bills are paid off. “Currently Not Collectible” will stop any collection actions and protect your wages from the CP 91 levy, though not permanently.
Feeling Overwhelmed When It Comes to IRS Notice CP91?
You can work with IRS by yourself, disclose your situation, and hope they side with you. But it may be a little difficult to work out a reasonable payment arrangement with the IRS if you don’t have some familiarity of the tax code and how it works. The good news is that you’re already past the first step by researching your options, but achieving the level it takes to take care of tax debt problems will take even more effort. If you’re feeling lost, take into consideration getting a tax debt solution specialist to handle your tax debt. If not, simply get in touch with the IRS by yourself.
Getting a Qualified IRS Debt Solution Professional
You need to do something fast when you receive Notice CP 91 from IRS, so you must work with a tax debt resolution firm that will do the same. You will need experts that will hit the ground running. Here is how you will know you selected just the best firm:
-Their score with the Better Business Bureau (BBB) is at least an A Rating
-They’ve been incorporated for ten years or more
Do not ever be afraid to contact any IRS tax debt settlement company to find out about the services they provide. You will want a company that is trustworthy and professional for taking care of your CP91 Tax issues.
About the Author: For expert tax advice visit
IRS-Tax-Settlement-HQ.com
TODAY! and see how we can help you with your CP-91 back tax issue
Source:
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