Tax Resolution and You Navigating Tax Problems and Solutions

Tax Resolution and You refers to problems that can stem from various issues such as underpayment of taxes, failure to file tax returns, impending IRS audits, and more. If you’re facing a tax problem, it’s crucial to seek a solution promptly, as the IRS doesn’t simply vanish. Taking swift action and finding the right solution can save you from interest penalties and halt further actions from the IRS. Discovering the appropriate solution may even suspend collection activities before they commence.

Taking Action for Tax Relief

To mitigate the impact of tax issues, it’s essential to act promptly to address IRS notices and letters. This proactive approach may assist in requesting a hold on wage garnishments, as well as preventing actions like tax liens and levies.

Don’t let tax debt overwhelm you. A reputable tax resolution company can take immediate action to work on resolving your tax issues. It’s crucial to have someone fighting for your rights to ensure that tax problems don’t persist.

Issues and Solutions

Finding the right tax solution depends on various factors. Determining the best strategy for your situation requires a brief conversation with one of our professionals. Your case findings will include an analysis of your income, liabilities, assets, and expenses, all of which contribute to identifying the most suitable resolution strategy.

Common IRS Issues:

  • Bank levies, wage garnishments, asset seizure
  • Unfiled tax returns
  • Conflicts with or misinformation from Revenue Officer
  • Tax Liens (State and Federal)
  • Seizure of IRS or state tax refunds
  • 1040 personal income taxes
  • 1040 Personal Taxes for sole proprietorships and single-member LLCs
  • 1099 income and/or “worker classification” issues
  • Civil Penalties for business Trust Fund taxes (State and Federal)
  • SFR – Substitution for Return (basically the IRS files for you)

Common IRS Solutions:

  1. Installment Agreements: Negotiate installment agreement terms that fit your budget.
  2. Offer in Compromise: Explore the possibility of a “Pennies on the Dollar” settlement based on your income and assets.
  3. Wage Garnishment and Bank Levy Relief: Work to release garnished wages or levied bank accounts and prevent further aggressive collections.
  4. Partial Pay Installment Agreement: An intermediate solution between an Installment Agreement and an Offer in Compromise.
  5. Currently Not Collectible Status: Pursue a “CNC” status for clients without funds for an installment arrangement but facing financial constraints.

Business Tax Relief

Running a business involves various taxes, including 940 and 941 payroll taxes, 1120 corporate income, federal excise taxes, and more. Businesses often struggle to keep up with the multitude of taxes, leading to challenges with the IRS and state collections.

Professional help is essential for businesses behind on taxes, as the government has the power to seize bank accounts and assets. Our firm works with the collection division to protect assets and provide time to formulate a winning strategy.

Common IRS Business Tax Types and Issues:

  • 941 payroll
  • 1040 Personal Taxes for sole proprietorships and single-member LLCs
  • 1058, CP 90, CP 91, and CP 504 Levy Enforcements
  • Accounts Receivable Levies
  • 1099 and worker classification issues
  • Civil Penalties for Trust Fund
  • Unfiled Tax Returns
  • SFR – Substitution for Return (essentially the IRS files for you)
  • Seizure of IRS or state tax refunds
  • Tax Liens

Common Business Tax Solutions:

  1. Installment Agreements: Negotiate favorable terms for business taxes.
  2. Levy Reversals: Address and reverse bank levies to prevent financial disruptions.
  3. Tax Liens: Proactively address tax issues to prevent credit-damaging tax liens.
  4. Offer in Compromise: Explore the potential of settling for less than the owed amount based on business assets and income.
  5. Corporate Formation or Shutdown: Consider starting anew with a fresh corporation or navigate a shutdown with proper guidance to avoid carrying previous debt.

Seeking Professional Assistance

Navigating tax problems and finding the right tax relief strategy requires professional assistance. Our team of experienced tax debt professionals is ready to help you every step of the way. With over 20 years in the tax industry, we specialize in providing simple solutions to manage taxes, tax refunds, and more.

During a free consultation, we’ll review and assess your situation, outlining the tax relief process and explaining what to expect. We charge two fees—one for documentation gathering and review and another for the resolution. At the end of the consultation, you can decide to proceed with the investigation and lock in the documentation fee.

Upon completing the documentation review, we’ll provide a resolution plan tailored to your needs, considering factors such as income, assets, and expenses. Count on us to protect you from enforced collections and guide you toward the most effective tax resolution.

Don’t fall victim to the collection powers of the IRS and state collections division. Call us at (463) 269-1750 for a free consultation. In a few minutes, we will help you assess your options and provide expert advice on resolving your tax issues.

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Call 463-269-1750


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