There are a lot of Tax Resolution Companies in the country that are unscrupulous. They will take a large retainer from you, and not do any work. At Tax Crisis Center®, once we are retained, we will go to work for you. We work with a team of Enrolled Agents and Certified Tax Resolution Specialists.
Don’t be afraid of the IRS anymore. Get tax relief fast from an expert in resolving back taxes and IRS problems.
Even if you can’t afford to pay your back taxes, a Certified Tax Resolution Specialist, attorney or CPA, can give you the help you need to settle your IRS debt.
If you owe less than $10,000 in back taxes: If you have a clean IRS record and all your tax returns are filed you can call the IRS directly and they can (it’s guaranteed) arrange a payment plan be paid in 36 monthly installments.
If you owe $10,000 or more in back taxes: You will want to partner with a Certified Tax Resolution Specialist or an attorney to increase your chances of qualifying for an IRS payment plan, helping you settle your back tax debt for the lowest possible amount, and removing bank levies, tax liens or wage garnishments.
Check out these tax resolution strategies that can help you resolve your back taxes (click each one for details):
Offer in Compromise
If you can’t afford to pay your back taxes in full, the Offer in Compromise program provides taxpayers who owe the IRS more than they could ever afford to pay, the opportunity to pay a small amount as a full and final payment. Taxpayers who attempt to file for an Offer in Compromise on their own often put themselves at risk of not qualifying for a settlement or they end up paying more than they have to.
IRS Payment Plans
If you can’t pay your back taxes in full but could potentially pay them back over time, you can negotiate a reasonable monthly payment plan with the IRS. Once an IRS Payment Plan (also known as an Installment Agreement) is established, the IRS will not enforce collection action, including the levy of bank accounts or wages, as long as the taxpayer remains current with all filing and payment obligations.
Delinquent Tax Returns
Get Help Filing Legally Required Tax Returns
Every year, hundreds of thousands (potentially millions) of taxpayers fail to file legally required tax returns. The act of not filing usually contributes to more significant problems with the passing of time.
Let us help you resolve your back taxes and file delinquent tax returns swiftly to avoid additional interest, penalties and potential IRS collection tactics, such as a levy on your bank account.
While there are many reasons why a taxpayer may not file a tax return, you need to be aware of the following:
Failure to file tax returns may be construed as a criminal (misdemeanor and potentially a felony!) act by the IRS.
This type of criminal act is punishable by one year in jail and $10,000 for each year not filed.
Needless to say, it’s one thing to owe the IRS money, but another thing to potentially lose your freedom for failure to file a tax return.
The IRS will not entertain any type of tax settlement or payment plan to settle your back taxes until you have filed all legally required tax returns.
To qualify for an IRS payment plan or Offer in Compromise tax settlement to resolve your back taxes, you need to file all delinquent tax returns with the IRS.
The IRS will not entertain any type of settlement or arrangement until all legally required returns are filed and the taxpayer is in full filing compliance.
If you’re among the Americans who have opted to not file your tax returns because you don’t have the funds to pay the taxes owed, what you may not know is that the IRS will often file an “SFR” (Substitute for Return) on your behalf if you fail to file your taxes. This is the IRS’s version of an unfiled tax return.
Additionally, the IRS prepares these substitute for returns in the best interest of the government, resulting in the IRS overstating what taxes you owe and, consequently, what you owe in penalties and interest. The only deductions you’ll see are standard deductions and one personal exemption. You will not get credit for deductions which you may be entitled to such as exemptions for spouses, children, interest and taxes on your home, the cost of any stock or real estate sales, and business expenses, etc.
So it’s important that you file your latest tax return, as well as any prior delinquent unfiled tax returns, as soon as possible to give yourself a chance to state what you truly owe, which will ultimately save you money and help you avoid significant long-term consequences.
Regardless of what you have heard, you have the right to file your original tax return, no matter how late it’s filed.
Expiration of Back Taxes: Statute of Limitations on IRS Collections
This can be one of the most effective ways to eliminate back taxes, especially if they have been assessed against you years ago. The IRS is prohibited, by law, from collecting on expired back taxes. Generally, the IRS has 10 years from the date of assessment (usually close to the filing date or audit assessment date) to collect back taxes. An expert attorney, CPA or Certified Tax Resolution Specialist can help resolve your back taxes and other IRS problems by performing a Collection Statute Expiration Date (CSED) analysis. We can determine what day you will be free of this obligation. We accomplish this by obtaining and analyzing your IRS Tax Transcripts and Records of Account. If the expiration date is nearing, many times it is advantageous to the consumer to just “do nothing”. However, you need an expert to guide you through this process due to the many exceptions and obstacles that can get in the way.
IRS Bankruptcy Filing for Discharging Back Taxes and IRS Debt
As a last resort for resolving back taxes, you can file for bankruptcy if the IRS rejects your IRS Payment Plan or Offer in Compromise. However, only a seasoned attorney, CPA or Certified Tax Resolution Specialist can provide tax help to show you the proper sequence of events to declare bankruptcy and completely eliminate all of your back taxes, if you are eligible.
Offshore Bank Accounts: IRS Tax Settlements
If you owe back taxes on undeclared funds in overseas bank accounts, being proactive about disclosing your foreign funds can help reduce your chances of criminal prosecution, minimize severe IRS penalties and work out a structured IRS payment plan. If you believe that you owe back taxes on your foreign accounts, you will need an attorney or certified tax resolution specialist to provide professional tax help and experienced representation to proceed in your best interest.
Innocent Spouse Tax Relief
If you owe back taxes due to your spouse’s (or ex-spouses) actions, you may be eligible to obtain tax relief by qualifying as an innocent spouse. This means that if you can prove you are an innocent spouse, as defined by the Internal Revenue Code, the IRS can relieve you of this debt and obtain tax relief, you may not be subject to the taxes caused by their spouses or ex-spouses.
Investment Fraud Representation
If you owe back taxes paid on phantom profits from a fraudulent investment scheme (“Ponzi” Scheme), you may be eligible to take advantage the United States Tax Code (law) to recoup 30% to 40% of your losses. This highly technical and complex process can help you reduce taxes paid in previous years resulting in refund with interest.
Payroll Tax Problems
If you owe back taxes on delinquent payroll and employment taxes, it is important to resolve payroll tax debt problems swiftly to protect the future of your company since the IRS assigns a higher priority to collect employment taxes than income taxes. We’ve helped businesses across the nation permanently resolve payroll problems and back taxes.
Freedom of Information Requests
It is important to understand how the IRS has assessed back taxes and penalties against you. You have the right to see governmental documents, including your IRS files, to better understand your IRS problems. The IRS must disclose the information used to assess back taxes and interest against taxpayers.
While taxpayers may always represent themselves before the IRS to resolve back taxes and IRS problems, many taxpayers find dealing with the IRS frustrating, time-consuming, intimidating or all of the above and so they make the decision to hire professional tax help (specialized attorney, tax resolution firm, etc.)
IRS Wage Garnishments
The IRS wage garnishment is a very powerful tool and can be financially crippling to the taxpayer.
Once a wage garnishment is filed with an employer, the employer is legally required to collect a large percentage (usually 30-75% or more) of the taxpayer’s NET paycheck and send it to the IRS.
The wage garnishment stays in effect until the IRS is fully paid or until the IRS agrees to release or modify the garnishment.
Can you live on $179 a week? That is the amount you will have to live on if you file “single”, get paid weekly and claim one exemption when the IRS garnishes your paycheck because you owe back taxes.
If you’ve been threatened with an IRS levy, lien, seizure or the denial or termination of an installment agreement, let us represent you and put an end to your IRS problems! We can help you file an IRS Collection Appeal to stop an IRS levy or seizure.
Don’t Let the IRS Garnish Your Wages, Get Expert Tax Relief Help Today!
If you have received threatening collection notices from the IRS, do not try to work with the IRS on your own without legal guidance. Many people get themselves in deeper trouble by unknowingly incriminating themselves while talking to the IRS. Our expert tax attorneys and Certified Tax Resolution Specialists will handle your communications with the IRS and file an IRS collection appeal on your behalf to permanently release your wage levy.negotiate a tax relief settlement with the IRS on their behalf.