Question: I’ve been getting threatening letters from the IRS saying I owe them $43,000 for 2017 – 2019. This is beginning to affect other aspects of my life as well. What should I do?
Answer: There are many options available to you today to resolve this. However, you need to take the first step and call us to see what you qualify for. Solutions may include negotiating an Offer in Compromise where we will offer a lower amount and request a release of federal tax liens. We can also ask for an Appeal of the amount owed and request the IRS re-examine your case to reduce the amount you owe.
We can request the IRS remove penalties by presenting valid reasons for removal of these. Additionally, we can offer a monthly Payment Plan that is workable within your budget. Many clients have unfiled tax returns that need to be filed first before the IRS will enter into resolution. We will prepare all delinquent returns (even if you do not have any records) for past years. This alone usually reduces the Tax, Penalty and Interest owed.
If you’re being audited, we’ll represent you in front of the IRS at the audit or hearing, so you do not have to appear.