Title 26 US Code

                        INTERNAL REVENUE CODE

 

Tax Debt

It can be super stressful getting a letter from the IRS stating that you owe money.  Some make the mistake of not questioning the matter and simply pay the bill.  Don't make this mistake!  Send us the letter, we will assess the circumstances surrounding the alleged debt and advise you as to whether or not you actually owe it.

 

 

Audit Representation 

We offer nationwide audit representation.  We pour over your taxes, receipts and all other documents.  We assess and forecast the  outcome of an audit so that you are prepared.  Once you hire us, you will not have to attend the audit as we attend on your behalf.

 

 

Short Term Extensions

If you are unable to pay your IRS tax bill in full within 120 days, we can assist you with a short term extension.

 

 

Installment Plan Agreement

You may qualify for an installment plan agreement.  Our attorneys will assess  your tax situation and take you through the process. 

 

In order to be eligible for an installment agreement you must have filed all of your tax returns that are due.  The IRS guarantees not to turn down your request for an installment agreement if:

 

• You owe no more than $10,000 in taxes

• You have filed your tax return and paid your taxes on time for the last 5 years

• You agree to pay all of your outstanding debt within 30 days

• You agree to comply with all current tax laws during the period of the agreement

• You supply the IRS with all requested information while they evaluate your financial situation

• The IRS determines that you will be unable to pay the full amount due by the deadline without undue hardship

 

Don't panic! Even if you dont meet the above criteria the IRS will still consider you for an installment agreement.

NOTE:  All of your future refunds will go towards your IRS debt even if you have a current installment agreement.

 

 

Offers in Compromise

If all other avenues fail, we can assist you in applying for an offer in compromise.  This will allow you to reduce the debt by offering a more attainable amount, which you can afford to pay over time up to two years.

 

 

What is the Fresh Start Initiative? 

The IRS introduced the Fresh Start Initiative in 2011, and expanded it in 2012 to help even more taxpayers who are struggling to pay their taxes. This program allows you to negotiate your tax debt down to a payable amount and is still available for 2014. The Fresh Start Initiative allows for a lumpsum payment, however, it also expands the availability of installment plans and offers-in-compromise, and has streamlined the application and approval processes for both. 

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Under the Fresh Start Initiative, we may use the Online Payment Agreement if you owe up to $50,000 in back taxes, penalties, and interest. If you owe more than $50,000, you can pay your balance down to $50,000 and then apply.

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If you owe more than $50,000 in combined tax, penalties and interest, you may still qualify for an installment agreement.