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How to Fix Approve Settlement For Free

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Does the IRS have a one time forgiveness program?

One-time forgiveness, otherwise known as penalty abatement, is an IRS program that waives any penalties facing taxpayers who have made an error in filing an income tax return or paying on time. This program isnt for you if youre notoriously late on filing taxes or have multiple unresolved penalties.

Is Kia engine settlement real?

Hyundai and Kia have settled a class action lawsuit involving defects that caused, or could cause, engine failures and fires in several model year Santa Fe, Soul, Sportage, Sonata Hybrid, Sorento, Optima, Tucson, Elantra, Veloster, and Forte models.

Who qualifies for the IRS Fresh Start Program?

IRS Fresh Start Program Qualifications Youre self-employed and had a drop in income of at least 25% Youre single and have an income of less than $100,000. Youre married and have an income of less than $200,000. Your tax debt balance is less than $50,000.

What if I owe more than $25 000 to the IRS?

The IRS has some special rules for people who owe between $25,000 and $50,000 and want to set up installment plans. If your tax amount owed falls in this range, you have to set up automatic payments when requesting a payment plan.

How much is the Kia class action lawsuit?

In 2015, the Kia dealer Fuccillo Automotive Group was forced to pay $1.6 million in a Kia class action settlement after selling customers expensive and illegal (in the state of New York) Auto Theft Security Discount packages.

How do you qualify for IRS forgiveness?

In order to qualify for an IRS Tax Forgiveness Program, you first have to owe the IRS at least $10,000 in back taxes. Then you have to prove to the IRS that you dont have the means to pay back the money in a reasonable amount of time.

Will the IRS negotiate with me?

Apply With the New Form 656 An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you cant pay your full tax liability or doing so creates a financial hardship. We consider your unique set of facts and circumstances: Ability to pay.

What Kia engines are under recall?

In that instance, the class action suit alleged problems with Kia Optimas made from 2011 to 2014, the Kia Sportage of 2011 to 2014, and the 2012 to 2014 Kia Sorento. Those vehicles were equipped with 2.0- and 2.4-liter Theta II engines with direct injection (GDI in H/K speak).

How much will the IRS usually settle for?

The IRS will typically only settle for what it deems you can feasibly pay. To determine this, it will take into account your assets (home, car, etc.), your income, your monthly expenses (rent, utilities, child care, etc.), your savings, and more. The average settlement on an OIC is around $5,240.

Can you get IRS debt forgiven?

Even the IRS understands life happens. Thats why the government offers IRS debt forgiveness when you cant afford to pay your tax debt. Under certain circumstances, taxpayers can have their tax debt partially forgiven.

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