Tax issues create stress and uncertainty. Many Americans owe back taxes and have become subject to an audit, tax levy, or other IRS actions. In many cases, however, the issues can be resolved quickly and affordably.
Our firm's goal is to get the taxpayer back into full tax compliance, and most importantly, prevent future actions from the taxation authorities while keeping your best interest and financial situation in mind.
Offer in Compromise: This method allows taxpayers to settle for far less than the total amount owed if they meet the strict guidelines and complete the paperwork 100% correctly.
Partial Payment Installment Agreement: This allows the taxpayer to make small monthly payments towards the tax balance. The tax balance may be forgiven if it is not all paid back before the collection statutes expire.
Uncollectible/Hardship: The taxing authorities can stop collection actions until the taxpayer's financial situation improves. The tax balance may be forgiven if their situation doesn't improve before the statute expires.
Penalty Abatement: If the taxpayer has an acceptable reason for not staying in compliance with tax laws there is a possibility that they may waive penalties that were charged.
Amending tax returns: Many situations come up where the taxpayer may have made errors with prior filings or the tax authorities filed on their behalf which caused them to owe more taxes than they actually did. In these situations, an amended tax return will be filed to lower the tax liability.
U.S. Tax Court: When situations cannot be resolved through negotiations with the IRS, it may become necessary to litigate the matter to the US Tax Court.