Do you owe the IRS or your home state back taxes?
If you ever received a letter or notice from the IRS and ignored it...and now you owe penalties and fines on top of the taxes you already owed? You’re not alone.
Millions of taxpayers receive letters or notices from the IRS every year. Most of the time there’s nothing to worry about. But sometimes there is. Maybe you owe the IRS back taxes or failed to file a tax return because you owed the IRS money that you knew you didn’t have. Maybe you were recently divorced, and your tax situation seemed too complicated to figure out. Or, perhaps you were just too busy to bother filing.
Whatever the reason, if the IRS has caught up to you and is demanding payment, the next step is likely to be garnishing your wages, putting a lien on your home or a levy on your bank account. The worst thing you can do is keep ignoring the situation because it won’t be going away--ever unless you take action.
You have filed your returns but didn't have the money to pay what was owed. You may think, "Oh well-I will catch up next year." Before you know it you find yourself several years in arrears and suddenly there is a notice from the IRS, stating that you owe three or four times the original amount.
It's truly amazing how fast tax penalties and interest add up. Now you have a choice, you can write a big fat check and pay the full amount, including interest and penalties. Or you can just keep ignoring them while the penalties and interest keep piling up.Luckily, we offer several options when it comes to resolving unpaid taxes. Please complete the form below to get a free consultation with our tax specialist.
We understand how the IRS works and what
it takes to successfully mediate a solution on your behalf whether it's filing a past due return, minimizing back tax debt and any penalties or fines, or submitting an offer in compromise.
Our friendly, knowledgeable tax professionals are experts at what they do and are here to help you resolve the following tax problems:
If you owe the IRS money and are wondering what your options are, call us today or submit the form below. Isn’t it time you had peace of mind?
you don't qualify for the IRS Offer ICompromise program, a Payment Plan may be the way to resolve your problem. Setting up a payment plan with the IRS gives you a little more time to pay off your tax debts.
Unfortunately, penalties and interest will continue to be charged on your outstanding balance as you pay the debt off. You are required by law to pay the interest on your tax debt.
The good news is that there's a chance we can get your tax penalties removed. Please complete the free consultation form on the bottom of this page to get a better understanding of how we can resolve your tax problem.
Did you know that you can get out of the tax debt due to the misdeeds or fraud committed by your spouse? This type of relief offers relief from tax you are assessed due to your current or former spouse because of his/her failure to report all income or improper taken deductions or credits. Innocent Spouse Relief was designed to mitigate unjust situations where one spouse was clearly the victim of fraud perpetrated by their current or former spouse.
There are 3 types of relief available:
If you qualify for Innocent Spouse Relief, you may not owe any tax. Call us for more information.
If you don't qualify for the IRS Offer In Compromise program, a Payment Plan may be the way to resolve your problem. Setting up a payment plan with the IRS gives you a little more time to pay off your tax debts. Unfortunately, penalties and interest will continue to be charged on your outstanding balance as you pay the debt off. You are required by law to pay the interest on your tax debt.
The good news is that there's a chance we can get your tax penalties removed. Call today for help setting up a payment plan with the IRS or your home state.
NJ / NYC Accountants and Business Advisors | Income Tax Filing | New York City & 10007 and Montclair, NJ 07042
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