A Brief Introduction to IRS Currently Not Collectible Tax Program

Paying tax on time is a responsibility of every citizen and if you have still not paid off those dues then do consider paying them as soon as possible. The tax that you are paying to the government will be used for you in different ways. Therefore, be a responsible citizen and pay income tax on time. However, the circumstances will not always be favorable and you may not have enough money to pay off income tax. If you can relate to the last line then the following write-up can be quite useful for you.

IRS currently not collectible tax program is made for individuals who are not able to pay off the outstanding tax amount on time because of financial crisis. In case, you are also struggling in financial crisis then you can apply for getting tax redemption under this program. Once an individual is considered as a delinquent taxpayer, the taxes imposed on him are temporarily suspended. However, even if the individual qualifies to be a delinquent taxpayer, he/she is liable to pay owed money along with the interest accrued after gaining financial stability.

The financial status of the delinquent taxpayer is closely monitored, so that he/she can be asked to pay back the owed tax and interest charged once he/she is financially stable. The IRS also asks the tax payer to send a duplicate copy of his tax returns to match the information that is filed by him/her. Therefore, if you are willing to apply for this program, make sure that the returns are filled accurately without any mistakes.

All about IRS Form 12509 for Statement of Disagreement

IRS or Internal Revenue Service offers different types of forms for income tax payers, which they can use to file for different type of issues that they face in tax payment. These forms are basically used to register for the problems that any taxpayer is facing. These documents are submitted and analyzed by the IRS officers who assess the demand and problems of the taxpayers and give an adequate solution to them. These forms are basically a medium, which is used by taxpayers to contact the higher authorities of IRS in order to get solution for their tax issues.

In case, you are struggling to pay the income tax debt due to financial crisis then you can appeal for redemption with the help of these documents. IRS issues a special form, which is known as the statement of disagreement. IRS form 12509 for statement of disagreement is used for explaining why you are disagreeing with the internal revenue service. This form helps an individual explain the ground of disagreement that he has with the IRS on tax payment issue. Therefore, if you have any sort of incongruity with the orders given by the IRS on tax payment issue, you will be required to fill this form to intimate them about your financial issues. You can find out about IRS form 12509 online. You can get comprehensive information about this document on the internet and you can also fill and submit this form online. However, it is advised to take professional help while filling this form to make sure you have highlighted all the issues in it proficiently.