IRS Tax Resolution

Our office also provides affordable solutions to individuals and businesses who find themselves in trouble with the IRS. In some cases, Bankruptcy may be the best solution in dealing with tax problems. Filing for Bankruptcy protection may also make sense if there is an immediate risk of losing assets or having your wages garnished by IRS.

In Chapter 7, taxes may sometimes be legally discharged or wiped out completely. In Chapter 13, non-dischargeable taxes may be paid back without additional penalties and interest over 3 to 5 years. If Bankruptcy is not advisable, however, we may recommend the following options if appropriate for your situation:

offer in compromise

This allows the taxpayer to settle with IRS, usually for a small fraction of the amount owed. All types of IRS taxes may be compromised, even payroll taxes. Federal tax liens that have been filed, if any, are released upon IRS acceptance of the offer and payment of the amount offered.

payment plans

While penalties and interest continue to accrue while making payments to the IRS, in certain cases, this may be the only solution after all other possible alternatives have been considered. In order for the IRS to accept a proposed payment plan, however, you must be current on the filing of all tax returns.

penalty abatement

IRS penalties can sometimes be quite large and can add a considerable amount to the total amount owed to the IRS. In certain cases and for good cause, however, the IRS may completely or partially remove penalties, resulting in a much lower tax liability.

innocent spouse relief

Some taxpayers find themselves in trouble with the IRS because of acts committed by their spouse or ex-spouse that resulted in the tax liability in question. If you qualify as an “innocent spouse” under IRS guidelines, you may be relieved of liability.

non-filers

Some individuals have not filed tax returns for many years and are afraid “to get back into the system” and find out how much they owe. If you are one of these individuals, we can help you file late tax returns, figure out how much you owe including penalties and interest, and help you get back on track with the IRS.

Remember, our office is here to help you deal with all types of creditors and the IRS is no exception! In cases where Bankruptcy is recommended in order to stop enforced collection action by the IRS, even the IRS has no choice but to follow the law and immediately suspend all legal and collection actions against you pending court resolution of your Bankruptcy case!

To find out how you may be able to end IRS tax problems once and for all,
CALL US TODAY!