IRS Debt Resolution

Helping you settle your tax debt for less than what you owe

“You don’t pay taxes–they take taxes.”
–Chris Rock

Owing the IRS for back taxes can be a very tough situation for a taxpayer. Sometimes extenuating circumstances exist for how the debt was acquired or the taxpayer’s ability to repay.

Taxpayers oftentimes don’t realize that IRS debt can be negotiable based upon many different factors, and sometimes the debt can be managed by paying it over time, paying it in one lump-sum, discharging it in bankruptcy, or other methods of resolution.

One option that should never be considered is ignoring the debt. It will not go away on its own. In fact, even if the IRS is not actively collecting it now, the debt could still be incurring interest and penalties with each passing month.

What is the Best Outcome for my IRS Debt?

There are several factors which determine the best outcome of resolving an IRS debt. These include, but are not limited to:

  • Amount of the debt
  • The tax year the debt arises from
  • The type of tax in question
  • Whether the debt is owed by an individual or an entity
  • Whether the return in question was filed timely
  • Whether a return was filed at all for the period in question
  • Remaining statute of limitations on the debt
  • Available funds at taxpayer’s disposal to resolve the debt
  • Extenuating financial circumstances for taxpayer
  • Extenuating personal circumstances for taxpayer
  • Taxpayer’s history in filing and reporting taxes
  • Taxpayer’s history with the issue at hand (communications and correspondence with agent)
  • Taxpayer’s employment situation
  • Taxpayer’s income level historically and currently
  • Additional debt the taxpayer may have with state department(s) of revenue, secured creditors, other creditors
  • Taxpayer’s credit history

When Should I Seek Representation for Resolving my Debt?

For taxpayers who would like to resolve an IRS debt, it is important to seek representation at the earliest possible moment. Sometimes pursuing a certain remedy eliminates other remedies as a possibility. Also, certain remedies have a limited amount of time in which they can be pursued.

While some taxpayers are capable of negotiating debts in small amounts, the larger the debt that is involved, the more likely the taxpayer should seek representation. The stakes become much higher and the tactics change when a large amount of money is involved. To ensure the taxpayer’s rights are protected, having a representative deal with the IRS can be crucial.

The Firm’s Process of IRS Debt Resolution

In providing IRS debt resolution services to a taxpayer, the first step is to assess the situation. The taxpayer’s available remedies depend on multiple factors, so there is an essential information-gathering process that must occur to determine the taxpayer’s available remedies. My firm creates a client questionnaire individually tailored to each taxpayer to determine what the best options might be. It is ultimately up to the taxpayer to determine the best course of action, but the firm makes recommendations based on the taxpayer’s available options and his/her goals for resolving the issue.

Firm Pricing for IRS Debt Resolution

The firm charges a rate of $175 per hour for IRS debt resolution. A minimum retainer is required before services are rendered. Because scope of work differs greatly in this area (based upon the factors listed above), the retainer will differ as well. For clients, with pending IRS debt. please contact us using the information on the “contact us” tab and we can arrange a quote based upon estimated scope of work.

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