IRS Tax Relief

The tax code is complex. It’s easy to fall behind. The IRS is notorious for aggressive tax collections when taxes go unpaid or returns are missing. Penalties and interest can rack up faster than the worst credit card, and the IRS can literally empty your bank account. Unfortunately, taking on the IRS is a very bad “do it yourself” project.

Picture of IRS sign on IRS building in Washington DC

If you have an IRS issue like a bank levy, receivable garnishment, or missing tax returns, getting professional guidance regarding IRS  tax relief from a licensed Enrolled Agent or other licensed tax relief professional is a smart first step to formulating a winning plan.

Common IRS Tax Types and Issues

We deal with a wide range of IRS tax types and situations:

  • Business taxes
    • 940 and 941 Payroll
    • Missing or unfiled tax returns
    • Bank levies
    • 1058, CP 90, CP 91, and CP 504 levy enforcements
    • Accounts Receivable garnishments
    • Wage garnishments
    • Tax lien issues
    • 1099 issues
    • Sole proprietorship and business-related taxes and filings
    • Conflicts with Revenue Officer
    • You can read more here about business tax relief.

Priority One: Stopping Aggressive Enforced Collections

  • Personal taxes
    • 1040 Personal Taxes
    • Social Security garnishments
    • Civil Penalties for Trust Fund
    • Unfiled Tax Returns
    • Sole proprietorship and business-related taxes and filings
    • SFR – Substitution for Return (essentially the IRS files for you)
    • Seizure of IRS or state tax refunds
    • Tax lien issues
    • Conflicts with Revenue Officer

IRS Tax Relief Options

Because there are so many factors affecting your rights and options under the IRS tax code, it’s impossible to determine what strategy is best for you without a conversation. However, the following is a list of potential options for resolving your tax issue.

Installment Agreements:
Most of our clients can’t pay all of their back taxes in the time frame that the IRS demands. We can arrange terms that fit their budget.
Offer in Compromise:
Depending on your income and assets, an Offer may be an option. The IRS is not known for giving gifts and doesn’t approve many OICs. That said, we have gotten many for our clients.
Partial Pay Installment Agreement:
This can be viewed as a hybrid between an Installment Agreement and an Offer in Compromise.
Currently Not Collectible Status:
Many of our clients at present don’t have the funds for an installment arrangement, though their assets or income make an Offer in Compromise impossible. For these clients, we may pursue a “CNC” status.
Corporate Shut Down:
Sometime it is the closure of a corporate entity that provides the most tax-saving benefit. With specific types of IRS tax, doing things in the proper order and acquiring the necessary documentation and releases from the government can save substantial amounts of money.
Corporate Formation:
Starting a new corporation with a new tax ID number, new identity, and a fresh start may make sense. If this is very complicated and must be done correctly the first time or all liabilities will follow you personally and to the new business, putting you or your successor back at square one.

Call us today for a free evaluation

Don’t fall victim to the collection powers of the IRS and state collections division. We are experts in securing permanent financial protection from the government. Call us at 888-589-0955 for a free consultation. In a few minutes, we will help you to assess your options.

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