Do you owe the IRS more than $ 10,000.00?
Do your monthly expenses currently exceed your monthly income and can this be verified?
TAXSHARK LLC can negotiate with the IRS on your behalf to have your collection account be placed into abeyance until your financial situation improves. Penalties and interest will continue to be charged as long as your account remains in the suspended status; penalties and interest will continue to accrue when your account is subsequently reactivated and until your account is fully paid.
A full Collection Information Statement (Form 433-A) will be required to be prepared and submitted to the Internal Revenue Service. In addition, complete documentation of income and necessary living expenses will be required to be submitted to the Internal Revenue Service to verify the hardship situation.
When your Adjusted Gross Income (AGI) is shown to have increased on a subsequent tax return filing, your suspended account will be reactivated and collection action will again commence.