Tax debt relief is a process that helps people who are struggling to pay their taxes due to financial hardship. Tax debt relief is available for individuals, businesses, and other organizations. Debt settlement can also help reduce the amount of interest and late fees that have accrued on a debt, and can help improve a person's credit score over time by eliminating outstanding debt.

The first step to take when seeking tax debt relief is to contact a tax professional. This could be a CPA, tax lawyer, or even an enrolled agent. These professionals can help you determine if you qualify for tax debt relief and explain the options to you.

Image Source: Google

Once you have determined that you qualify for tax debt relief, you will need to prepare a hardship letter. This letter should include information about your financial situation and why you are unable to pay your taxes. It should also include a plan of action for how you will pay off your tax debt.

After submitting your hardship letter, the IRS will review it and determine if you are eligible for tax debt relief. If you are approved, you may be able to receive a reduction in the amount owed or an extended payment plan.

They can help you get back on track with the IRS. However, it is important to remember that it is not a solution for all taxpayers. It is best to consult with a tax professional to determine if you qualify for relief and what the best options are for your specific situation.