Tax relief

Have you fallen behind on your tax debt? Has the IRS informed you that they intend to levy your bank accounts or garnish your wages?

We can help!

What Is Tax Relief?

Taxpayers that are unable to pay their tax liability quickly learn about the power of the IRS to collect. Our tax resolution services can help you obtain a reasonable solution to your tax troubles. We employ proven strategies to ending your IRS tax nightmare. The most common solutions include establishing a payment arrangement, proving undue hardship, and abating penalties. Having an experienced tax professional can make a substantial difference in the outcome of your case and ending IRS collections activities.

How Does Tax Relief Work?

Owing money to the IRS can be very intimidating, but don’t worry – there is relief available. Using proven strategies, we can assist you through tax audits, help reduce your tax debt, and stop wage garnishments and bank levies from happening. We represent taxpayers throughout all offices of the IRS. If you are currently under an audit examination, having a licensed and knowledgeable professional represent you can make a substantial difference in the outcome of your case.

Who We Are?

We are a team of IRS Enrolled Agents and CPAs that have extensive knowledge in the field of taxation and tax resolution.

We employ a 4 step process:

1. Data Gathering – We review your documents to learn more about your case and understand how we can help. If we feel you have a case, we outline what relief may be available to you. We then obtain your authorization to speak with the IRS on your behalf.
2. Once we call the IRS, we determine what items require our immediate attention and begin putting out the fire
3. We then determine an acceptable long term solution to your tax situation and present it to you for your review
4. Upon approval, all required applications and documentation is sent to the IRS and a decision is usually granted within 90 days (most within 30)

Most Common Types of Relief

Penalty Abatement

A penalty abatement is one of the simplest forms of tax relief available, yet one of the most overlooked. This is unfortunate as the penalties assessed by the IRS could be a significant portion of your overall tax debt. Most taxpayers never realize that their particular situation, certain life events, natural disasters, etc., can be used to justify an abatement. In addition, most taxpayers that have a history of remaining in compliance can usually request a First Time Abatement (FTA). Remember, the IRS is not in the business of collecting penalties; they just use them to enforce compliance with tax filings.

Installment Agreement (IA)

An IRS Installment Agreement (IA) is when you repay your tax debt in full, with interest, in regular monthly payments. Most Installment Agreements must be completed within seven years or by the Collection Statute Expiration Date (the day your tax debt expires), whichever comes first. This is usually the most common tax relief option available to most IRS issues.

Partial Payment Installment Agreement (PPIA)

The Partial Payment Installment Agreement (PPIA) is similar to a regular installment agreement where you make regular monthly payments to the IRS for taxes owed. However, you will only be paying back part of the taxes you owe. To qualify, a full financial disclosure, including details about your income, expenses. assets, and debts, need to be submitted. The Partial Payment Installment Agreement is harder to obtain than a simple Installment Agreement but is significantly simpler than obtaining an Office in Compromise (OIC) (discussed next).

Offer In Compromise (OIC)

The Offer in Compromise (OIC) is an IRS program designed to provide a fresh start to taxpayers who would experience a substantial hardship if they had to settle their tax debt in full. To qualify, a full financial disclosure, including details about your income, expenses. assets, and debts need to be submitted. Although the Offer In Compromise (OIC) has been frequently advertised in the media, it is not for everyone; particularly if you are close to the Collection Statute Expiration Date (CSED). The OIC is one of the most difficult types of relief to get from the IRS and the entire process can take 6-9 months in total.

Currently Not Collectible (CNC)

The Currently Not Collectible status (CNC) is a little known strategy that can help you temporarily alleviate collection activity by the IRS. CNC status occurs when the IRS agrees that you cannot afford to repay your tax debt, and doing so would put you through an economic hardship. To qualify, a full financial disclosure, including details about your income, expenses. assets, and debts need to be submitted. CNC status, although simpler to achieve than an Offer in Compromise, is still difficult to obtain because in most cases your expenses should be greater than your income with very little equity in your assets. One particular issue with Currently Not Collectible status is that the IRS may revisit your case, usually within 2 years, to see if your ability to pay has changed. Therefore, we typically recommend this strategy for taxpayers that are close to the Collection Statute Expiration Date (CSED).