Tax Resolution Services
Tax Resolution Services
- Back taxes owed
- Penalty/ interest abatement
- IRS audit representation
- ITIN Rejection - Reapply Assistance
Back Taxes Owed
By any chance, have you missed or failed to pay part or the entire tax you owe, but filed your tax returns routinely? It’s possible that you’ve intended to pay the amount gradually but not soon. However, here, the government can substantially increase the overdue tax amount charged as penalties and interest. By now if you have not been contacted by the IRS regarding the offense, you soon will. Your property may be subject to a lien or wage or bank account levy by the IRS. Unpaid back taxes have the potential to cause irreparable financial harm, though can be prevented. We can assist you in determining your tax debt choices and negotiating an IRS payment plan that might favor you likely in situations where it’s rare for unpaid back taxes to not be a problem. Contact us for more detailed inquiries and tax-related issues.
Penalty/Interest Abatement
The penalties and interest added to your first bill are among the worst aspects of IRS tax disputes. Late filing, late payment, and ignorance are a few offenses that carry penalties. The interest on unpaid taxes can significantly raise your overall tax bill. We can assist if you are struggling with unpaid taxes or additional fines and interest. In case there occurs a valid reason like if the failure was not the result of deliberate negligence, the IRS might reduce some penalties. You are eligible for a first-time penalty waiver if you are a tax-payers who have not had any significant problems with the IRS in the past. Although the IRS typically does not reverse interest charges, there are several recognized interest suspension procedures that may be applicable especially when the IRS has made a mistake. The number of fines and interest can be overwhelming as they might frequently come off as random and unjust. But you need not worry for we will thoroughly examine your tax position to determine whether penalties and/or interest can be waived.