People living in the United States did not have to pay income taxes until the Revenue Act of 1861. Ever since the Revenue Act of 1861, people have been struggling with back taxes and debt owed to the Internal Revenue Service. If you currently owe IRS back taxes, you need to figure out what options are available to help you pay off your IRS debt. The most feared weapon at the disposal of the IRS is the tax levy. Avoiding a tax levy is a process that requires you to use the services of a professional firm. Even if you are living in one of the 7 states in America that does not have income taxes, you may find yourself in trouble with the IRS.
The good news for people who owe IRS back taxes is the Offer in Compromise (OIC) program The OIC provides taxpayers the ability to offer the IRS as much money as they can during a short period. The Internal Revenue Service will right off the rest of an individual owes. If you owe back taxes to the IRS, you might want to consider the Streamline Installment Agreement (SIA) if your balance owed is less than $25,000.00. A certain percentage of people owe irs money because of simple mistakes they made while efiling, and you may be one of the people who needs help to pay off the amount you owe back taxes to IRS.