<h2 class = 'uawtitle'>Understand "status 53" With Tax Mediation In Kansas City</h2><br />
<div style='font-style:italic;' class='uawbyline'>by Jeanie Habib</div><br /><br />
<div class='uawarticle'>"Status 53" means a taxpayer is "Currently Not Collectible." Taxpayers must file a Form 53 with the IRS to be placed in this status. If approved, the IRS will release any levies they may have on your salary and wages. They won't collect any taxes from you as long as you're designated "status 53."<br />
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"Status 53" is temporary. The IRS will allow you a few months to get your finances in order, but they won't wait around for years. The underlying debt remains, so you will still need to pay the IRS what you owe. When you're removed from the list of "Currently Not Collectible" taxpayers, you will be expected to start to pay off your tax debt.<br />
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The burden of taxpayers in this instance is to show that the collection of taxes would cause extreme financial stress. To be granted Status 32 you will have to file Form 53 and remit copies of your expenses and your overall financial statements. The IRS is willing to work with people, but unless tangible evidence of your inability to remit your tax monies is not presented at the time of filing Form 53, you won't be granted this status.<br />
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They won't just take your word for it, so be prepared and make sure you have all of the paperwork and documentation you need to be successful. In addition to the Form 53, you will need to file a Form 433-A.<br />
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This will provide the IRS will the information they need, including you and your family's assets, monthly expenses, debt, and wages. After the IRS receives the information they need, they will review the forms and contact you with their decision.<br />
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If your request is approved, they'll let you know how long you have to get things in order. If you think you would qualify for "status 53" fill out the proper forms, read over the Tax Code, and if you feel overwhelmed, don't be afraid to consult a tax professional for help.<br />
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<div class='uawlinks'>Find the services for <a href="http://kctaxmediation.com/">tax mediation Kansas City</a> residents can count on by touring our official website today. To know more about our services for back tax returns, take a look at http://kctaxmediation.com/ right now.</div><br />
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