Non-Collectible IRS Debt and Residents of Isle of Palms
South Carolinians must pay both federal and state taxes annually, which for many who are just beginning to recover from the recession can mean lean times at best, or serious IRS debt at worst.
Unfortunately, the Internal Revenue Service will not wait for you to pay your taxes when you are able. They can take your property and pay checks until you have repaid your IRS debt. This could not only put you in financial hardship, but could mean that you face eviction, hunger, or homelessness.
If you face any serious hardship regarding basic necessities due to IRS debt, you are not alone, and you do have the right to negotiate with the IRS to repay or remove your debt.
Non-Collectible Status in South Carolina
If you do not have any extra money to repay your IRS debt, you could file for non-collectible status. However, as a tax payer, you only qualify for this status if you use every penny from your existing paycheck to cover your living expenses, or the expenses of your family – this includes rent, food, and other necessities.
Fortunately, if you have extra money left from your paycheck, you do not necessarily have to pay all of your IRS debt in one lump sum. If you have some funds remaining at the end of the month, you can also negotiate an installment agreement with the IRS.
However, negotiations can be difficult. The IRS wants their money now, and will pressure you to prove beyond any doubt that you suffer financial hardship by paying your tax burden at once. To help speed up and smooth out the process, you should find an IRS debt relief attorney for help.
I Can’t Pay My IRS Debt Without Losing My Home
If you will suffer loss of basic necessities because the IRS is pressuring you to pay your tax debt all at once, you should contact an IRS debt relief attorney immediately. The Strom Law Firm understands that you need your paycheck to provide for yourself and your family, and we will negotiate every angle with the IRS to help relieve your non-collectible IRS debt. We offer free consultations to discuss the facts of your case, so contact us today for help. 803.252.4800