Payment Plans – Fed and State
In Colorado, residents can take advantage of a payment plan, called an Agreement to Pay. This plan requires a 15% down payment in order to get into an Agreement, but you can easily sign up for this kind of plan online, or by calling the Colorado Department of Revenue directly. This plan is great for those who know they’ll be able to make payments toward their tax liability total, and can be an easy way to make sure that other consequences are not incurred by the IRS.
State of Colorado Offer in Compromise
An offer in compromise is a settlement that is offered to you by the IRS or Colorado Department of Revenue (DOR) that allows you to settle your tax debt for less than the full amount you owe. Because the Colorado DOR does have the option for Offers in Compromise, you may be able to qualify for one if you have tax debt. There are certain requirements and stipulations, however, so it’s best to work with a tax professional to make sure that everything is in order before you choose this option.
Tax Professionals On Your Side
No matter what kind of situation you are in with tax debt to either your state or the IRS, Key Tax Group can help you with our experienced professionals who are dedicated to getting you the best possible outcome. From representation in tax cases to helping you obtain the tax debt relief you need, we’re here to help with our years of experience and professional staff who are committed to your success.
Learn more about the tax debt relief services and options available in each state on our website, or by reaching out to us directly! We’re happy to answer any questions and get started in working with you to get your taxes and tax debt under control. Contact us today for a free consultation about your situation!