Today we are going to go through some questions you should ask yourself before you apply for the various tax relief programs the IRS offers to taxpayers. Generally speaking, there are more requirements to being eligible for tax relief through the IRS but establishing that you have an economic hardship from the beginning will help put your expectations in prospective.
The questions listed below are questions that you the taxpayer need to ask yourself before approaching the IRS. These are general questions that establish you have an economic hardship and without the action of the IRS your general wellbeing will be put at risk.
Questions To Ask Yourself Before Applying For Tax Relief
1. Am I going to be able to continue living in my house with the burden of my outstanding tax liability?
2. Am I going to be able to feed my family and myself with the burden of my outstanding tax liability?
3. Can I afford to pay the utility bills for my home, how long will I be able to continue to pay them before I run out of money?
4. Can I continue paying for transportation to and from work so I can continue to make money to pay off my tax debt?
5. If the IRS does not help with my tax debt will I lose my job and the complete source of my income?
6. Will this tax liability prevent me from obtaining basic medical treatment or medication for me and my family?
7. Will I lose my ability to maintain an educational scholarship?
8. Will I lose my ability to maintain my education in the way I have in the past?
9. Will this tax liability force me to declare personal bankruptcy?
10. Will this tax liability force my company to declare bankruptcy?
11. Can I continue to meet payroll for my employees with this tax debt I have to pay each month?
12. Has this tax liability caused an extreme amount of emotional despair to my well being?
13. Has this tax liability caused emotional despair for my family?
As you can see the list of questions you should be asking yourself are relatively basic. The IRS wants to see that your situation is becoming increasingly worse with the tax burden they have put on you.