The Best Way to Get Tax Breaks from the IRS

There are several ways we can delay paying taxes or pay them off for a much smaller amount of money. One way to delay SPT is to use the Current Not Collectible (CNC) program. This program should be used when a person is experiencing financial difficulties, such as losing a large business or losing a job. 

In this case, the IRS allows the person to temporarily return to business so that the debt can be paid off later. You can now look for the best IRS tax attorney in Orange County via https://www.sempertax.com/orange-county-irs-tax-attorney.

How To Get The Most Money Back On Your Tax Return

Image Source: Google

One of the best ways to get tax breaks is through the Offer in Compromise, or OKI, which tax authorities call the "Penny of the Dollar" program.  The OKI program can reduce the tax amount by a part of the original tax amount. 

To take advantage of this one must show the IRS that there is no way for them to pay the full tax amount and try to negotiate a reduced amount. This method is highly technical and complex and is best managed by a competent tax advisory firm with professional and experienced tax advisors. 

If one is faced with high taxes due to fines, it is best to opt for the Penalty Reduction Program. This penalty occurs when a person is unable to pay a debt to the IRS within a certain period of time. It is also possible to pay off tax debts by submitting the debt to the IRS in monthly installments.