When working with the IRS, one can get lost in the alphabet soup of the references tossed about as easily as a baseball on a little league field... it’s a little all over the place.

So you file a personal income tax return and there’s a tax balance due that you can’t pay. Now what? The IRS or State records the tax debt on your account, and seemingly, overnight, the total balance owed begins to increase.

You’ve probably heard ads on the radio, scrolled passed ads online, or seen television commercials touting “the amazing, limited-time Fresh Start programs being offered by the IRS.”

Installment Agreements, more commonly referred to as Payment Plans by the States, are the most common resolution options taxpayers pursue to resolve their tax debt. 

If you are not an Offer in Compromise candidate, there are still ways to request a reduction in your tax debt. These requests are called Penalty Abatements with the IRS and Penalty Abatements or Waivers with the States.

When an individual or group decides to open a new business, it’s a very exciting time. The possibilities are limitless! Daydreams of swimming through dollar bills like Scrooge McDuck and throwing parties like Jay Gatsby in the Roaring Twenties come to mind.

One of the scariest things is being told you have a tax debt and being threatened with the police showing up to arrest you or other threatening action where you must pay the debt in full or face severe consequences.

We’ve all seen the commercials… there’s usually a couple standing in front of a home with a nicely manicured lawn touting the amazing deal a tax debt resolution company negotiated on their behalf.

There is no more exciting (and often nerve-wracking) time in your life than when you decide to start a new business. The possibilities of what you can achieve are endless.

If you have had any exposure to the U.S. tax world, you have probably heard some of these phrases: liability, levy, tax lien, garnishment, Offer in Compromise, EA… it can be confusing if you don’t know what they mean!

Going through a divorce can be one of the most stressful experiences in life, and when tax debt enters the picture, it can feel overwhelming. We understand the emotional and financial strain that comes with divorce, and we’re here to support you every step of the way.

Income tax return filing extensions… wow, are they convenient when something happens in your life, and you can’t meet the IRS and State annual income tax return filing deadlines. However, as with anything, there is always a “con” to most “pros.”

I’ve always loved receiving mail. But what if you are a taxpayer with a balance owed to the IRS… seeing the postal delivery truck coming up your street could make you break out into a cold sweat. 

Our company’s focus in the financial world is on a small, often unknown corner of the tax industry: dealing with tax debt issues for individuals and businesses that owe the IRS or State past due income, payroll, unemployment, or sales tax.

Reasonable compensation for S-Corporation officers can always be the tax return line item to open a business to an audit. It is one of the first things reviewed by the IRS when a tax return has been filed to determine if an audit is necessary.

Operating a small business with employees can be extremely rewarding but also demanding in ways not always anticipated.

Having a tax debt can be daunting. You’re probably wondering whom you can talk to for help and what options you have for resolution. It’s not easy to navigate all the information available on the internet to determine what information is accurate, current, and applicable to your situation.

Many clients come to me with the following questions about their tax liens: I had a tax debt that I could resolve, and I have now paid off my tax debt. I received a notice that my tax lien was released, but I have heard about a lien withdrawal.

Imagine this: you have worked hard for your employer for the last two weeks, and when you receive your paycheck, it is significantly less than you were expecting! Your heart starts racing, and you immediately think, “wait, this can’t be right!”

The IRS can inform the State Department about taxpayers who are “seriously delinquent” with their tax debt, resulting in the suspension of their passport or denial of a passport application or renewal.