Millions of Americans owe back taxes. The IRS executes millions of wage garnishments, bank levies, and tax seizures every year. State tax authorities are often even more aggressive. In fact, the Department of Revenue for the State of Minnesota is much faster to bring enforcement actions than the IRS. Don’t wait another moment to begin solving your problem. Every day is another day of interest and penalties. You can get off of the tax debt treadmill.
This firm can assist you if you have:
- Unfiled Tax Returns
- Wage Garnishments
- Bank Levies
- Delinquent Payroll Taxes
- Foreign Bank Account Reporting Issues (FBAR)
- Innocent Spouse
- Injured Spouse
- IRS/State level audit
- Most other tax issues!
There are three steps that need to be taken in order to solve most tax problems:
During the Analysis/Diagnosis phase, the firm will take a look at your records as well as those of the IRS and Department of Revenue. We will thoroughly analyze your case to give you recommendations on the most likely and best course of settlement. You will find out your options, if we can help you, and find out exactly how much it will cost.
Most clients qualify for a payment plan for our fees. We will set you up with affordable monthly payments to cover out fees while we work on your case. Many cases can take four to eight months to be resolved. You will hear from our office with an update on your case at least every 28 days. Many times, you will hear from us sooner because your case will have moved along in the process.
After analysis, the next step is compliance. The IRS and Department of Revenue will not address any settlement options on back taxes unless you are compliant going forward. This means that all back taxes must be filed and, for businesses and the self employed, quarterly tax payments must be current. You must be making payments and demonstrating that you will not slip farther behind. The firm will assist you incoming into compliance. Many times this will be with the assistance of your tax preparer. Other times, the firm will prepare the required filings for you and guide through becoming compliant.
Once you are compliant, then the firm can begin working on your situation. This could include applying for Penalty Abatement, negotiating an Installment Agreement, or submitting an Offer-in-Compromise. The firm could also assist in having the IRS determine you are Currently Not Collectible. This status means that the IRS has acknowledged that you are unable to pay. The government recognizes that any enforcement action would not get results and likely would greatly impoverish you.
This and other relief might be available. If you are unsure of what you owe or owe more than $10,000 dollars to the government, call us now for a Free Consultation.