Sick and Tired of Your Tax Problem? Here Is How to Gain Peace of Mind With Tax Resolution Services
Dealing with the IRS can be a complete nightmare. If you owe back taxes, it may feel like an insurmountable burden that you will never be able to overcome. However, there’s a solution – tax resolution services. These services provide specialized assistance to individuals and businesses who are struggling with IRS tax problems, such as delinquent tax payments, unfiled tax returns, tax audits, and more. Working with a qualified and experienced tax resolution service provider will allow you to get the best advice to fix your tax issue and avoid any penalties or further collection actions from the IRS. In addition, you can ensure that your taxes are being handled correctly and that you do not run into any trouble in the future.
What are Tax Resolution Services?
Tax resolution services intend to help taxpayers with the complex process of settling back tax issues. These services are typically offered by tax resolution professionals, including tax attorneys, enrolled agents, and CPAs. They have a deep understanding of tax laws, IRS procedures, and negotiation strategies. They work to resolve simple to complex tax issues, such as tax levies, tax liens, wage garnishments, and IRS audits.
How Do Tax Resolution Services Work?
Getting started with tax resolution requires you to schedule a consultation with a tax professional. During the consultation, a tax professional will assess your tax situation and determine the optimal solution for resolving your tax issue. They will examine your tax returns, financial statements, and other pertinent information to gain a comprehensive understanding of your tax situation.
After evaluating your case, the tax professional will work with you to develop a plan for resolving your tax problem. Depending on your individual circumstances, you may be able to negotiate a lower tax bill with the IRS. You may also be able to set up a payment plan or file an appeal.
If the strategy calls for negotiation, the tax professional will manage all communications with the IRS on your behalf. This can be extremely helpful, as dealing with the IRS can be a daunting process. Most importantly, they will work to establish an arrangement that is in your best interests and will assist you in resolving your tax issues as soon and efficiently as possible.
What Services Do Tax Resolution Firms Offer?
There are a variety of services that tax resolution firms can offer to resolve taxpayers’ IRS problems. Some of the most common services include:
Offer in Compromise
An offer in compromise helps taxpayers who are unable to pay off the total amount of taxes they owe to the IRS. With OIC, you can propose an amount that you can afford to pay based on your financial situation. If accepted, the IRS agrees to collect that amount and forgives the remaining debt. The offer can be a one-time payment or a series of payments spread over several months. This option provides a chance for those who are facing financial hardship to resolve their tax problems and start anew. Though, it’s important to note that the IRS does not accept all offers.
Installment agreements
An installment agreement is a payment plan that allows taxpayers to pay off their tax debt in manageable installments rather than a single lump sum payment. If you owe the IRS but cannot pay the full amount at once, this is a good option for you. The amount of each payment will be determined by the total amount owed, how much you can afford to pay each month, and the length of time you have to pay. Keep in mind that interest and penalties will still continue to accrue during the installment agreement period.
Penalty Abatement
Penalty abatement can be extremely helpful for taxpayers who are dealing with hefty penalties and interest on their tax debt. With the help of a tax resolution firm, you can enter into a negotiation with the IRS to lower or even wipe out those penalties. To be eligible, you need to be up to date with your tax returns and payments to the IRS.
Innocent Spouse Relief
Innocent Spouse Relief is a special program that helps spouses who have been unfairly held responsible for taxes, interest, and penalties on a joint tax return. This can happen when a spouse or ex-spouse fails to report income or claims false deductions or credits without the other person’s knowledge. To qualify, you’ve got to meet a few conditions. First off, you must have filed a joint return with your spouse or ex-spouse. Second, there should be an understated tax due to a mistake or error. Additionally, you have to prove that you had no knowledge of the understated tax and that it would be unjust to make you accountable for it.
IRS Audit Representation
A tax audit representation is a service that allows tax professionals to stand on behalf of a taxpayer throughout the audit process, and ensure that their rights are protected. There are various reasons the IRS may select your tax return for audit. This includes errors or inconsistencies in your return or just random selection. When you’re facing an audit, you can work with a tax professional who would represent you and handle all communications with the IRS on your behalf. They will devise a plan to defend your position and assist you in preparing the necessary documents for the IRS.
IRS Collections
When you owe taxes and haven’t paid them, the IRS has the authority to take actions like wage garnishment, bank account levy, or property lien to collect the money you owe. Tax resolution professionals have the expertise to negotiate with the IRS on your behalf. They can also work towards stopping or releasing these collection actions.
What Are the Benefits of Working With a Tax Resolution Firm?
Working with a tax relief firm to resolve your tax issues has several advantages. Among the most important advantages are the following.
- Expertise
Tax resolution companies employ professionals with experience and expertise in handling complicated tax matters. They are knowledgeable about the tax code and can provide you with specialized solutions to your tax issues. At Tax Samaritan, we are the tax resolution expert!
- Representation
A tax resolution firm can represent you in audits, appeals, as well as negotiations with the IRS. This relieves the tension and anxiety associated with dealing with the IRS on your own.
- Time-saving
Tax resolution firms can save you time by handling all documentation and correspondence with the IRS. This enables you to concentrate on your business or personal life while professionals handle your tax issues.
- Cost-effective
Tax resolution companies can help you save money by negotiating with the IRS to lower your tax debt, penalties, and interest. They can also help you set up payment plans to make it easier for you to pay off your debt.
- Peace of Mind
Knowing that your tax issues are being handled by experts who have your best interests in mind while working with the IRS can provide you peace of mind. They can offer customized solutions to your tax issues and work with you to achieve the best possible result.
Why Work With Tax Samaritan?
Tax Samaritan offers specialized expertise in tax resolution. We understand that dealing with the IRS can be overwhelming. This is why we provide customized solutions tailored to your specific needs. Our team of tax resolution experts can help you navigate the tax resolution process with ease, from filing delinquent tax returns to negotiating with the IRS on your behalf. We’ll work tirelessly to help you achieve the most favorable outcome while ensuring that you are current and compliant with the IRS. Let Tax Samaritan provide the peace of mind you deserve when it comes to your tax problems.
Tax Resolution Services – How To Make Your Problems Go Away
Why Tax Samaritan is the tax resolution services key to solving your tax problems with IRS and State Tax Returns?
What is Tax Resolution Service
Tax Resolution Service is intended to assist taxpayers with the complex process of settling back tax issues. Don’t get discouraged by unfiled tax returns or unpaid taxes.
At Tax Samaritan, our tax resolution services rescue troubled taxpayers.
Tax Samaritan is here to provide IRS help and state tax help. We can put an end to the misery that the IRS and states can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discreet. Your tax problems will not just go away by themselves; your problems get worse with penalties and interest added each day.
We Do Tax CPR (Compliance, Planning, and Representation)
If you owe money to the IRS and/or a state, you have a very serious issue. Your first reaction may be to panic. However, there is no need to panic as long you take the appropriate steps to resolve your tax problem. Most tax problems can be successfully resolved with little or no additional taxes due if handled by professional tax representation. An Enrolled Agent is an expert in providing IRS help. If you are facing interest and penalties due to underpayment of taxes, be aware that the IRS is simply presenting its point of view. Albeit in a way that is advantageous to the U.S. government.
The IRS may take several years to catch up to you. But they’re relentless and have no mercy in collecting all the money that is owed. In other words, your tax problem with the IRS will not disappear by itself.
If you have one of the tax problems below and need tax representation, please take a look through some of our IRS tax resolution services that we can represent your interests with.
- IRS Liens
- Tax Audit
- Back Tax Returns
- Back Taxes Owed
- IRS Levies
- IRS Wage Garnishment
IRS Tax Resolution Services
- Offer in Compromise: This is a partial settlement of your total tax liability. To qualify for this tax resolution option, there must be an extraordinary reason the IRS should not collect the total amount of tax due. Doubt as to Collectability and Effective Tax Administration are the most common approaches and are based upon income, expenses and assets.
- Installment Agreement: A payment plan with the IRS to make regular and monthly payments to pay off the taxes owed.
- IRS Collections: The IRS has far greater powers than any other bill collector. The IRS has the power to put in place a wage garnishment, levy bank accounts, and other property.
- Bankruptcy: Under some circumstances, you may have your tax liability discharged in bankruptcy or paid through a bankruptcy plan.
- Innocent Spouse Relief: Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. In filing jointly, both taxpayers are jointly and severally liable for the tax and any additions to tax, interest, or penalties that arise as a result of the joint return, even if they later divorce. Joint and several liability means that each taxpayer is legally responsible for the entire liability. Thus, both spouses are generally held responsible for all the tax due even if one spouse earned all the income or claimed improper deductions or credits. This is true even if a divorce decree states that a former spouse will be responsible for any amounts due. In some cases, however, a spouse can get relief from joint and several liability.
- Injured Spouse: If you file a joint return and all or part of your refund is applied against your spouses’ past-due federal tax, state income tax, child or spousal support, or federal nontax debt, such as a student loan, you may be entitled to injured spouse relief.
- Statute of Limitations Review: There is a ten-year statute of limitations from the IRS assessment date. The statute period does not begin until the taxpayer has filed a tax return. A substitute for return (SFR) prepared by the IRS does not count as a filed return. If the statute clock has started and the IRS has not collected within the ten-year period (assuming no interruption to the statute period), the tax is no longer collectible, and the IRS must release any lien or levy against the taxpayer. A careful review and analysis of your situation and IRS records will allow for a determination of whether the statute has expired.
- Penalty Abatement: A reasonable cause statement made to reduce or eliminate tax penalties and interest on your underlying liability.
- Currently Non-Collectible Status: Under some circumstances, the IRS will agree to forgo collection if you cannot pay the tax. While this will place a hold on collection activity, it is a temporary hold. The IRS will re-visit the ability to pay to see if the economic condition of the taxpayer has improved.
- IRS Tax Appeal: If you disagree with the decision by the IRS, you may request an appeal of your case.
Get Tax Relief
If you owe more taxes than you can pay, we can draft an Offer in Compromise, where we present your particular situation to the IRS and negotiate a payment amount with terms that allow you to pay your obligations without having an adverse impact on your daily living needs. Individuals have saved tens of thousands of dollars and still complied with their tax duties as citizens.
Tax resolution firms like Tax Samaritan will analyze your situation and determine factors not taken into consideration by the IRS. We will fight to get you fair treatment and the federal tax help that you need specific to your situation. We will examine the applicable facts to determine an appropriate action plan to minimize your tax liability and explain your situation and options in a way that is easy to understand. If, at the end of our tax resolution services review we still determine that you owe the IRS money, we can try to have penalties and interest waived. We can also propose a reasonable payment plan to the IRS.
Frequently Asked Questions
Yes, they do. At Tax Samaritan, our tax resolution services rescue troubled taxpayers.
Tax Samaritan is here to provide IRS help and state tax help. We can put an end to the misery that the IRS and states can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discreet. Your tax problems will not just go away by themselves; your problems get worse with penalties and interest added each day.
Tax Samaritan will analyze your situation and determine factors not taken into consideration by the IRS. We will fight to get you fair treatment and the federal tax help that you need specific to your situation. We will examine the applicable facts to determine an appropriate action plan to minimize your tax liability and explain your situation and options in a way that is easy to understand. If, at the end of our tax resolution services review we still determine that you owe the IRS money, we can try to have penalties and interest waived. We can also propose a reasonable payment plan to the IRS.
An offer in compromise (offer) is an agreement between you (the taxpayer) and the IRS that settles a tax debt for less than the full amount owed. This applies to all taxes, including any interest, penalties, or additional amounts arising under the Internal Revenue Code. It is one of many tax resolution options the may be applicable to you.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe if the IRS offer is accepted. It provides eligible taxpayers with a path toward paying off their tax debt and getting a “fresh start.” The ultimate goal is a compromise that suits the best interest of both the taxpayer and the IRS. Generally you must propose an appropriate offer amount based on what the IRS considers your true ability to pay. It may be a legitimate option if you can’t pay your full tax liability. Or, doing so creates a financial hardship.
The “Pennies On The Dollar” Myth
A common myth or perception thanks to advertisements is the impression that taxpayers can easily settle their tax liability “for pennies on the dollar”. While you can certainly obtain a lower settlement of your tax debt. They provide an incorrect perception that they are “accepted” offers.
The IRS considers your unique set of facts and circumstances. Taxpayers who owe back taxes can take advantage of the Offer-in-Compromise program, but YOU MUST QUALIFY. So it is important that you have representation from an experienced tax professional, such as Tax Samaritan. So that your interests are protected and that an appropriate offer is made based on your:
Ability to pay;
Income;
Expenses; and
Asset equity.
The OIC application requires you to describe your financial situation in detail. So, before you proceed you must be willing to make a full and complete disclosure in the above areas and to pay the required application fee and down payment (as applicable). It all comes down to a formula. The IRS utilizes a formula known as “Reasonable Collection Potential” or “RCP” for short, to determine qualification and if the taxpayer qualifies, what the correct amount is to offer the IRS.
This is why over 90% of our offers are accepted and why so few other firms find success and at the end of the day have over-promised what actually can reasonably be delivered.
We Do Tax CPR (Compliance, Planning and Representation)
If you owe money to the IRS and/or a state, you have a very serious issue. Your first reaction may be to panic. However, there is no need to panic as long you take the appropriate steps to resolve your tax problem. Most tax problems can be successfully resolved with little or no additional taxes due if handled by professional tax representation. An Enrolled Agent is an expert in providing IRS help. If you are facing interest and penalties due to underpayment of taxes, be aware that the IRS is simply presenting their point of view. Albeit in a way that is advantageous to the U.S. government.
The IRS may take several years to catch up to you. But, they’re relentless and have no mercy in collecting all the money that is owed. In other words, your tax problem with the IRS will not disappear by itself.
If you have one of the tax problems below:
IRS Liens
Tax Audit
Back Tax Returns
Back Taxes Owed
IRS Levies
IRS Wage Garnishment
and need tax representation, please take a look through some of our IRS tax resolution services that we can represent your interests with.
If you have an outstanding tax liability, the IRS (or state) oftentimes assesses additional amounts due in the form of penalties and interest that can and will be added to the original tax amount due. These additional penalties can result in a significant increase to the underlying tax debt. Generally, relief from penalties (known as a penalty abatement request) falls into one of four categories:
Reasonable Cause is based on all the facts and circumstances in each situation and allows the IRS to provide relief from a penalty that would otherwise be assessed.Each case is judged individually based on the facts and circumstances at hand. It is important that a thorough and factual reasonable cause explanation is prepared with your abatement request by experienced tax representation, such as Tax Samaritan, to increase your likelihood for a penalty abatement based on reasonable cause.
Statutory Exceptions: Tax legislation and the Internal Revenue Code may provide an exception to a penalty. At Tax Samaritan, we can perform the research to see if such relief is applicable to your situation,
Administrative Waivers: This may occur in situations where there is a delay by the IRS such as in the issuance of revised tax forms, publishing guidance or other conditions,
Correction Of Service Error: As unbelievable as this may sound, the IRS can occasionally make an error in computing or assessing tax. When identified by the taxpayer or a tax professional, IRS errors can be abated.
With assistance from experienced representation from Tax Samaritan, the IRS will consider proper and complete requests for penalty abatement (relief).
A simple penalty abatement request that is sent generally will not be sufficient. Most insufficient abatement requests are rejected. Nevertheless, it is always worthwhile to make a request – but the request must be well thought out.
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All About Randall Brody
Randall is the Founder of Tax Samaritan, a boutique firm specializing in the preparation of taxes and the resolution of tax problems for Americans living abroad, as well as the other unique tax issues that apply to taxpayers. Here, they help taxpayers save money on their tax returns.