Saturday, May 27, 2023

What is tax resolution? Tax Resolution is a process in which our experienced team handles complicated IRS issues to relieve your tax burden. Installment Agreements, Offer In Compromise or other methods are negotiated to make it more manageable.


Do I qualify for tax settlement? If you are currently facing any problems with the IRS then you are definitely a candidate for tax resolution.


How does it work? One of our tax specialists will review your entire case and all documents related to your difficulties with the IRS. The specialist will then contact you to discuss the items in question, and may request documents which can act as proof of any discrepancies.


How do I get the process started? The most important thing you need to do first is pick up the phone and give one of our tax specialists a call. Time is of the essence. We need to find out the details of your situation so that we can prepare negotiations for you.


What type of IRS issues can be disputed? A wide range of items can be disputed; tax liabilities, liens, wage garnishment, payroll taxes, audits, levies and seizures.


What is the minimum amount I can owe to initiate tax resolution? The minimum amount we will accept to begin negotiations with the IRS is $10,000.


Can I reconcile my debt on my own? Yes. You can definitely negotiate with the IRS on your own. However, we advise that you hire a professional to represent you. When you hire Tax Resolution Specialists, you can rest assured knowing that our specialists have over 30 years of experience dealing with the IRS. They have experience in negotiating with the IRS, can navigate the complicated maze of IRS forms and rules and will explain all of your options in detail to arrive at the most manageable solution for your situation.


When can I expect results? The sooner you provide the correct documentation, the sooner we can begin negotiations. After we receive a complete package, it can take anywhere from 30 days to 180 days to reach an agreement. It may take longer depending on the severity of your situation.

Can the IRS garnish my wages without giving me prior notice? Before the IRS can garnish your wages, the law requires them to send you a letter called a Final Notice. After this letter is sent, the IRS needs to wait approximately 45 days before taking any further action. The IRS only needs to send the final notice once. They do not need to send the notice every time they want to garnish your wages or take other collection action. Some taxpayers never receive the Final Notice because the IRS sent it to an old address or the last address they had on record. Unfortunately, this is completely legal.

Can the IRS hold me personally responsible for uppaid payroll taxes? Yes. Failing to properly file and pay payroll taxes is a serious matter. If an employer fails to timely file and pay payroll taxes, the IRS is authorized to collect these taxes from the business or even a person who was responsible for withholding and paying these payroll taxes to the IRS. In situations where a corporation incurs a payroll tax liability, and the IRS is unable to collect the taxes from the entity itself, the IRS may seek to collect the payroll taxes from individuals within the corporation. Generally, the IRS considers anyone who has the authority to sign checks or the authority to operate the business on a day-to-day basis as someone who would have control over the business sufficient to assess a TFRP. Therefore, owners, officers, executives and payroll personnel may be considered responsible parties.

How long does the IRS have to collect back taxes from me? The IRS generally has 10 years to collect back taxes. The Statute of Limitations on Collections is the amount of time that the Internal Revenue Service (IRS) has to collect a tax liability. Depending on your situation, the assessment of tax may be the date you filed the tax return, or the date that the IRS filed the tax return for you. Although the IRS generally has just 10 years to collect on an outstanding tax liability, there are certain events or transactions that may extend or suspend the statute from expiring. For example, if you file bankruptcy or file an Offer in Compromise, the statute of limitations is generally suspended during the time the bankruptcy or Offer in Compromise is under review.

How much do your services costs? Many people think that they cannot afford to hire an attorney to assist them with their IRS back tax matter. They are wrong! The great news is that we have made our fees very affordable. Our fees are structured on a flat fee basis so that you know the total amount of our legal fees before you hire us. We know that many of our clients are under a great deal of financial stress. Therefore, we try to work with our clients as much as possible by allowing them the opportunity to pay their legal fees to us over time. This is important so you know for sure how much you will pay even before you hire us! We quote fees only after learning enough information about your situation and the type of service that we may be able to provide you. You should be cautious of any tax professional who quotes their fees to you before fully learning about your IRS tax situation.


Copyright 2009 by Tax Resolution Specialists