IRS Tax Relief

Why Tax Relief? Because the IRS's tax code is notoriously complex and taxes are steep, it's easy to fall behind. And the IRS is equally notorious for aggressive tax collections when they are not paid. Tax negotiations are a very bad "do it yourself" project. Penalties and interest can rack up faster than a bad credit card.

If you have a IRS issue, from unfiled tax returns to a bank levy or garnishment, getting professional guidance about tax relief options from a licensed Enrolled Agent or other licensed tax relief professional is a smart first step to formulating your plan.

Common IRS Tax Types and Issues

We deal with a wide range of IRS tax types and situations:

  • Business taxes
    • 940 and 941 Payroll
    • Missing or unfiled tax returns
    • Bank levies
    • 1058, CP 90, CP 91, and CP 504 levy enforcements
    • Accounts Receivable garnishments
    • Wage garnishments
    • Tax lien issues
    • 1099 issues
    • sole proprietorship and business related taxes and filings
    • Conflicts with Revenue Officer
    • You can read more here about business tax relief.

Priority One: Stopping Aggressive IRS and State Collections

  • Personal taxes
    • 1040 Personal Taxes
    • Social Security garnishments
    • Civil Penalties for Trust Fund
    • Unfiled Tax Returns
    • Sole proprietorship and business related taxes and filings
    • SFR - Substitution for Return (essentially the IRS files for you)
    • Seizure of IRS or state tax refunds
    • Tax lien issues
    • Conflicts with Revenue Officer

Tax Relief Options

Because there are so many factors affecting your rights and options under the IRS tax code, it's impossible to determine what strategy is best for you without a conversation. However, the following is a list of potential options for resolving your tax issue.

Installment Agreements:
Most of our clients can't pay all of their back taxes in the time frame that the IRS demands. We can negotiate terms that fit their budget.
Offer in Compromise:
Depending on your income and assets, a "Pennies on the Dollar" settlement may be an option. The IRS is not known for giving gifts and doesn't approve many OICs. That said, we have gotten many for our clients, with some savings in the hundreds of thousands of dollars.
Partial Pay Installment Agreement:
This can be viewed as a hybrid between an Installment Agreement and an Offer in Compromise.
Currently Not Collectible Status:
Many of our clients at present don't have the funds for an installment arrangement, though their assets or income make an Offer in Compromise impossible. For these clients, we may pursue a "CNC" status.
Corporate Shut Down:
The closure of a corporate entity sometimes makes the most sense, saving you substantial amounts of money.
Corporate Formation:
Starting a new corporation with a new tax ID number, new identity, and a clean slate may make sense.

We strive to save our clients money and time, while alleviating stress.  Just as there are many different tax related problems, there are many options for tax resolution.  Call us at 888-589-0955 for a free consultation. In a few minutes we will help you to better assess what options are best for your unique situation.