This is a program offered by the IRS to taxpayers who are unable to pay their tax debt. Those who qualify are allowed to make an offer in compromise, which is an offer to pay a lesser amount than that which is owed. The offer in compromise program is intended to allow taxpayers with substantial back taxes to settle their tax debt and start over with a clean slate, so that they can remain current on their taxes in the future.
An Installment Agreement is an IRS program which allows individuals to pay tax debt in monthly payments. The total amount paid can be the full amount of what is owed or it can be a partial amount. In order to qualify, individuals must file all minimum required tax returns. Further, the maximum amount that can be paid monthly to settle debts must be identified and monthly payments cannot be less than $25 per month. Additionally, the IRS will keep all future refunds that can be applied to outstanding tax debt until such time that the tax owed is paid in full.
Tax laws change every year, so make sure your tax planning is up to date with the help of our experienced attorney!
This is a process to appeal a determination by the IRS regarding the denail of alternate collection methods such as an Offer in Compromise, Installment Agreement or non-collectible status.
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Tax audit representation, also called audit defense, is a service in which a tax or legal professional stands in on behalf of the taxpayer during an IRS or state income tax audit. During your tax audit, your representative will develop a strategy to defend the taxpayer’s position and assist the taxpayer in the preparation of all documents requested by the taxing authority as well as attending meetings and handling correspondence on behalf of the taxpayer.
The IRS has an administrative appeals process that works with taxpayers to attempt to settle tax disputes to avoid formal court hearings. Their role is to make an independent review of the tax dispute and consider the positions taken by both the taxpayer and the IRS while remaining impartial to both parties.