Tax Resolution Services
Trouble with the IRS?
Tax issues can be a headache, so our tax team does it for you. You'll get guidance and support from pros fighting on your side.
What is Tax Resolution?
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Installment agreements, offers-in-compromise, currently non-collectible, liens, levies
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Trust fund recovery, first-time penalty abatement, reasonable cause penalty abatement
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Innocent spouse relief, separation of liability or injured spouse allocation, equitable relief
Life can get in the way and cause you to fall behind on your taxes. Tax Resolution are services designed to help you through the complicated task of resolving back tax problems.
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When a lien is released, the IRS will no longer seize your property or assets. More plainly, the IRS releases its claim on the assets. A lien release removes most of a lien's immediate effects.
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While a lean release is an acceptable solution in many cases, a release does not solve all the problems a lien creates. Most notably, a lien release does not address damages to the taxpayer's ability to obtain credit. On the other hand, a withdrawal erases the lien as though it had never existed—thus restoring the taxpayer's credit score.
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Under an installment agreement, the taxpayer agrees to pay the entire amount of their debt in monthly installments for up to six years. This method allows the taxpayer to pay in small, manageable amounts so that the debt is not overwhelming.
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A partial payment installment agreement, or PPIA, is like an installment agreement, except the tax debt doesn’t have to be fully settled due to the statute of limitations and the taxpayer’s ability.
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An audit examines or reviews your information and account to ensure you report things correctly and follow the tax laws. In other words, the IRS is simply double-checking your numbers to ensure you have no discrepancies in your return.
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The IRS sends notices and letters for the following reasons: You have a balance due. You have a larger or smaller refund. They have a question about your tax return.
Our Services
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A taxpayer can stop all collection activity if they are under “Currently Not Collectible” status. This status is only for taxpayers whose expenses exceed their income. The IRS will look at national standards to determine if taxpayers can afford their basic living expenses.
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The IRS may collect the balance you owe if your financial situation has improved when they conduct an annual review of your income.
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Under an installment agreement, the taxpayer agrees to pay the entire amount of their debt in monthly installments for up to six years. This method allows the taxpayer to pay in small, manageable amounts so that the debt is not overwhelming.
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A partial payment installment agreement, or PPIA, is like an installment agreement, except the tax debt doesn’t have to be fully settled due to the statute of limitations and the taxpayer’s ability.
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First-time penalty abatement, or FTA, is a one-time, get-out-of-jail-free card for abating specific penalties. The abatement is intended for taxpayers, typically on top of their taxes. Still, life hit them hard for some reason, and they fell behind one year.
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You are essentially saying the taxpayer has a good excuse for whatever led to their tax penalty. Because Reasonable Cause situations are often complicated and complex, Reasonable Cause can’t be measured similarly to FTA. However, this also means you have much more room to work when using Reasonable Cause to get penalties abated.
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An offer in compromise (OIC) is an option offered by the IRS that allows taxpayers to settle their debt for less than what is actually owed. This option is excellent for taxpayers because it gives them a fresh start with the IRS. An offer in compromise aims to reach an agreement in the best interest of the taxpayer and the IRS.
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The three grounds for submitting an offer in compromise are doubt as to collectibility, doubt as to liability, and effective tax administration.
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Innocent spouse relief can excuse a current or former spouse from the responsibility of paying additional taxes due to separation, divorce, or improper reporting by the other partner.
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• Innocent Spouse Relief
• Relief by Separation or Liability
• Equitable Relief
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Suppose you have a business with employees. In that case, you can be charged a trust fund recovery penalty if you pay payroll taxes late. This penalty makes you liable for 100% of the unpaid payroll tax and cannot be dismissed.
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They are called trust fund taxes because an employer holds their employees’ money in trust until the employer pays the taxes to the federal government.