Tax Relief Options | IRS Tax Problem Solvers

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Tax Relief Options

Offer in Compromise

The Offer in Compromise is the government’s “Let’s Make A Deal” program that allows you to pay an amount you can afford to satisfy your entire tax liability, and it even includes the penalties and interest. Yes, the amount you pay is based on what you can afford, not the amount you owe! The program allows an eligible taxpayer to pay what they can afford to pay regardless of the amount they owe.

The Offer in Compromise is the essence of fresh start; once an offer is accepted and paid the taxpayer is then current with all their tax liabilities. We are able to determine your eligibility for the Offer in Compromise program and advise you on how to become qualified when appropriate.

The IRS Code states: “We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code §7122).

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We’re the Greater Puget Sound’s Offer in Compromise Experts!

It is possible to eliminate all the taxes you owe – including all penalties and interest – at an enormous discount. There is no minimum that the IRS may accept to settle your debt especially if your offer is done “right.” If you qualify, your debt will be settled for a fraction of what you owe. Planning is often the key to qualifying and securing the lowest Offer the IRS will accept. As Certified Tax Resolution Specialists, we are uniquely qualified to assist you in preparing an acceptable offer.

If you have a tax problem and need our help call us today at (855) 540-0850 .

Installment Agreement

We can secure an installment agreement with the IRS to allow monthly payments on your tax liability. The agreement keeps the IRS or the State from levying as long as the payments are paid as agreed. Without an installment agreement, the IRS or State may take all but a small amount of your paycheck. They could also levy bank accounts and file liens on all of your assets including your home. We may be able to combine an Installment Agreement with a Penalty Abatement to save money and get time to pay the rest.

If you do not qualify for the Offer In Compromise program, a Payment Plan may be the way to resolve your problem. Setting up a payment plan with the IRS allows time to pay your tax debt.

Unfortunately, the IRS or the State continues to add penalties and interest to any unpaid balance. A major benefit of a well-negotiated plan is the level of payment takes into account your living expenses and provides protection from enforced actions. Additionally, they will release levies they have filed once your payment plan is approved. They will not file any new levies as long as you make the agreed upon payments.

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We’re the Greater Puget Sound’s Installment Agreement Experts!

If you do not qualify for the Offer In Compromise program, a Payment Plan may be the way to resolve your problem. In addition, we may be able to combine an Installment Agreement with a Penalty Abatement to save money and get time to pay the rest. We’ve helped hundreds of taxpayers get back on track with the IRS using Installment Agreements! If you have a tax problem and need our help call us today at (855) 540-0850.

Penalty Abatement

The IRS and State both increase the amount a taxpayer owes by adding penalties and interest to the unpaid tax. In many cases, a taxpayer could pay the tax, but thanks to the penalties and interest, the balloonin The IRS and State both increase the amount a taxpayer owes by adding penalties and interest to the unpaid tax. g balance quickly becomes unmanageable. Penalties and interest might be reduced or eliminated if you can demonstrate reasonable cause and prudent action. Further, we may be able to couple Penalty Abatement with an Installment Agreement and get you back on track!

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We’re the Greater Puget Sound’s Penalty Abatement Experts!

We’ve saved hundreds of thousands of dollars using Penalty Abatements and we may be able to help you too! If you have a tax problem and need our help call us today at (855) 540-0850.

Audit Representation

Nothing strikes fear in the hearts of people more than receiving an IRS or State Audit letter in the mail. Audits take significant time away from your business and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return and develop a comprehensive understanding of tax law.

Audit Representation from a qualified professional is critical. You should not go before the IRS without representation any more than you should go to court without a lawyer. You see, the IRS trains auditors to extract more information from you than you have a legal obligation to provide. IRS Auditors know that most people fear them and are ignorant of their rights. As a result, they know they can use that fear and ignorance to their advantage. We know the right way to represent taxpayers under audit. We understand the implication of those “friendly inquiries” from auditors. 

There are red flags that may not be apparent to a taxpayer representing himself.

The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return. If you don’t comply with the Auditors’ wishes, the IRS will recalculate your tax and send you home with a hefty tax bill as your parting gift. We generally can close audits quickly, which helps to avoid the taxing agency seeking to expand the scope of the audit. Generally, the cost of representation is far less than the savings gained through qualified representation.

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We’re the Greater Puget Sound’s Audit Representation Experts!

Audit Representation can be very time consuming, but we handle it all for you so that you need not take time off from your business or job to handle the bureaucracy, paperwork, and pressure of the IRS. No lost wages or lost business. You simply forward notification of an audit to us and we will contact you to discuss an appropriate plan deal with the IRS or State on your behalf. If you have a tax problem and need our help call us today at (855) 540-0850 .

Innocent Spouse

Did you know that you could get out of the tax debt due to the misdeeds or fraud committed by your spouse? Innocent Spouse Relief exists to alleviate unjust situations where one spouse is clearly not responsible for the tax liability created by their spouse or former spouse.
This tax problem solution is based on a two-part set of rules encompassing Innocent Spouse, Separation of Liability, and Equitable Relief. The appropriate portion of the solution depends on each taxpayer’s situation. Considerations include whether the spouses are still together, whether there is understatement or underpayment on the joint tax returns filed, and other factors that can effect mitigation.

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We’re the Greater Puget Sound’s Innocent Spouse Experts!

These special rules exist to protect an innocent spouse from exposure to IRS collection actions related to a spouse’s tax liability. If the IRS is trying to collect taxes related to the income of a (current or former) spouse that you believe you should not be forced to pay, call us at (855) 540-0850 for a free consultation. If their actions seem unfair, this program may be exactly what you need.

Bankruptcy

Although most taxpayers wish to avoid ever filing for bankruptcy, there are times when it may be the best alternative to deal with taxes and other debts that have become overwhelming. Sometimes the bankruptcy decision must consider who the taxpayer must be most concerned about, his family versus the tax liability.

Contrary to what you may have heard, taxes are often dischargeable in bankruptcy. Back taxes, interest, and penalties may be wiped out by filing bankruptcy. If the tax balances meet the criteria for discharge in bankruptcy, it may be the best solution to resolve your crushing tax problems.

Unfortunately, not everyone qualifies to eliminate tax debts in bankruptcy. If you file bankruptcy and do not meet the criteria for discharge of the back taxes, the government will still be in hot pursuit after your bankruptcy is over. Pre-bankruptcy planning is key to determining if bankruptcy is or can be a viable solution.

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We’re the Greater Puget Sound’s Taxes in Bankruptcy Experts!

We can examine your history of tax filing and prepare an analysis that provides the information a bankruptcy attorney requires to assure filing is done in the most beneficial way and at the most beneficial time. We will work with an attorney you select or we will recommend one if you wish. Upon completion of a bankruptcy case, we will assist you in resolving any tax matters that were not resolved through the bankruptcy action. If you have a tax problem and need our help call us today at (855) 540-0850.