While numerous individuals look forward to a tax day refund, there are others who aren’t as fortunate — nearly 20% of taxpayers are increasingly anxious regarding their tax liabilities. The rising tally of unpaid taxes underscores a pressing need for viable and cost-effective solutions.
A recent poll indicates that 45% of American taxpayers were taken aback to discover that they owed money to the government. This predicament is compounded by the intricate tax regulations and the public’s apprehensive attitude towards the IRS.
Frequently, when people finally muster the courage to address their IRS obligations, they encounter several hurdles. Engaging tax professionals such as attorneys or accountants often comes with steep costs, yet these services do not guarantee a satisfactory resolution, leaving clients confused and more frustrated than before.
A portion of the apprehension tied to IRS debts arises from the agency’s power as a federal organization. It possesses distinct capabilities to seize and levy personal property. After multiple notifications, the IRS can initiate ‘collections’ against debtors, confiscating assets such as investment accounts, bank accounts, businesses, homes, or other possessions through legal means. Yet, many taxpayers remain unaware of these powers and can quickly find themselves in precarious situations. TaxClosure, on the other hand, offers its clients personalized support, a service previously unavailable, providing specialized aid in resolving IRS debts.
TaxClosure originated from the first-ever tax resolution firm in the United States. With over 40 years of experience, the company is distinguished by a team of former IRS personnel. Drawing from their extensive and unique expertise, the firm has incorporated its specialized knowledge into TaxClosure, aiding taxpayers in navigating the daunting tasks of completing necessary paperwork and communicating with the IRS. Consequently, TaxClosure is uniquely equipped to deliver a solution that benefits all stakeholders involved in the process.
Through TaxClosure, clients can resolve tax debts via a manageable payment plan or even qualify for a government no-pay status. The IRS recognizes this status as ‘currently not collectible,’ and upon achieving it, the agency will cease collection efforts, allowing taxpayers to move forward without the looming worry of escalating tax debt.
The technology behind TaxClosure is accessible around the clock and can often facilitate same-day solutions. Taxpayers can either fill out a form, engage the IRS directly, or take advantage of its exclusive concierge services. This critical step helps ensure that outstanding balances are resolved and agreements firmly established. The success of TaxClosure is rooted in its thorough understanding of taxpayer rights and the internal workings of the IRS. Charles T. Almond, the company’s founder, notes that this innovative technology bridges a historic gap in the market.
“Before TaxClosure, taxpayers had minimal assistance in addressing their IRS debts,” shares Charles. “Most individuals understand that they owe money to the IRS and recognize the seriousness of the situation, yet they often lack the tools and knowledge to effectively advocate for themselves. TaxClosure acts as a conduit that connects the ‘formidable’ reputation of the IRS with taxpayers striving to fulfill their obligations. We clarify the rationale behind IRS inquiries, their intended actions with the acquired information, and critically, highlight the taxpayer’s rights involved in presenting their financial circumstances and payment capabilities.”
Research indicates that more than 50% of Americans harbor fears regarding the IRS, believing the tax code to be unnecessarily complicated. Such sentiments often lead to procrastination or deliberate ignorance, which complicates the situation further. However, these responsibilities cannot be ignored, as they are a legal obligation that, if postponed, only serve to escalate the amount owed. TaxClosure combines decades of experience with user-friendly communication, enabling taxpayers to stay informed and proactive. By signing up for an account today, anyone grappling with IRS tax obligations can access TaxClosure’s simple and secure online platform.
