Deciding to work with Premier Tax Resolutions is one of the greatest decisions you’ve made. We will work hard to get your tax debt reduced and get the IRS off your back.
The following are some of the Services that we may employ on your case. Again, every case is unique, so we’ll have to better understand your situation in order to develop a game plan.
Offer In Compromise (OIC) Save thousands on your tax debt with an Offer In Compromise! Our Offer in Compromise program is one of the best tax resolution tools available to you, the taxpayer. If you qualify for this under-used IRS program, we can settle your tax debt and save you thousands of dollars in taxes, penalties and interest.
We start by building your case and then start negotiations with the IRS will essentially determine the outcome of your Offer in Compromise. For the IRS to consider an offer in compromise from you, you must convince the IRS that it’s doubtful they’ll be able to collect what you owe them, either now or in the future.
The two primary grounds under which an Offer in Compromise can be successfully negotiated with the IRS are: “doubt as to collectibility” (e.g. the taxpayer is unable to pay the full burden), or “doubt as to liability” (e.g. the taxpayer contends that they do not owe the debt). For an Offer in Compromise to be accepted, however, the taxpayer has the burden of proof that they either have no possible means of paying the tax or that they do not actually owe the tax. Call us today for a free consultation 1.800.554.0146
Wage Garnishment or Bank Levy
When the IRS has failed repeatedly to collect back taxes, they begin to seize assets. This process is called a “levy.” When they attach wages, it’s termed a “wage garnishment.” After providing either ten, thirty or sixty day notice through certified mail, they are legally allowed to seize bank accounts, demand payment from accounts receivable, take control of property for auction, and assume title on vehicles. Virtually anything of value can be seized to satisfy the outstanding debt.
Levies and Wage Garnishment are the most crippling and humiliating of all collection tactics. They’re designed to force taxpayers into willful compliance. Premier Tax Resolution has years of experience lifting levies and Wage Garnishment quickly and painlessly. It usually takes only 2-10 business days for us to successfully lift either. Call us today for a free consultation 1.800.554.0146
Penalty Abatement
Besides the Offer in Compromise, there is another, very effective program for reduction of an outstanding tax debt. If there were circumstances beyond your control that prevented you from paying your tax debt and led to delinquency, we can challenge the penalties and interest that have built up and negotiate them down. Relief from penalties falls into four separate categories. They are:
Reasonable Cause – Mistake made by the taxpayer, ignorance of law, death, serious illness, unavoidable absence.
Statutory Exceptions – Simple or complex legislative tax code changes.
Correction of Service Error – Mistake made by the IRS. Source IRS
Because relief from accrued penalties and interest is based more on stated representations rather than financial hardship, terms for a successful penalty abatement are very specific. More so than any other, this program involves a great deal of skill to successfully navigate the IRS protocol and bring resolution. If applied for correctly and effectively, results are substantial; savings are usually thousands of dollars for the average taxpayer. At Premier Tax Resolutions we have years of experience and know the secrets of this program. Call us today for a free consultation 1.800.554.0146
Installment Agreements
The majority of taxpayers who find themselves in trouble with the IRS cannot just write a check, making the tax bill go away. Since, some taxpayers might not qualify for an offer in compromise or bankruptcy relief, we often negotiate long-term payment plans with state and federal tax agencies.
Our goal in the negotiation of an Installment Agreement is to insure that you, the client, will have a plan that you are comfortable with and that is affordable. Left to the government, they would try to make unreasonable repayment demands, leaving you unable to meet their (or your) monthly obligations.
If you would like to discuss any of your Installment Agreement options, please give one of our Premier Account Representatives a call at: 1.800.554.0146
