Frequently Asked Questions
What is IRS tax resolution?
Answer: Tax resolution is the process of helping individuals and businesses resolve tax problems with the IRS or state tax authorities. It involves identifying the underlying tax issues, evaluating the available options, and working directly with the taxing authority to reach the most appropriate resolution based on the taxpayer's financial circumstances and tax situation.
What are some of the common tax issues that require IRS tax resolution?
Answer: Common tax issues that require IRS tax resolution typically arise when an individual or business has unpaid tax liabilities, unfiled returns, IRS enforcement actions, or disputes with the IRS.
Common tax issues that require IRS tax resolution.
1. Unpaid IRS Tax Debt
Taxpayers who owe back taxes from prior years and cannot afford to pay the full balance may need assistance exploring resolution options.
2. Unfiled or Back Tax Returns
Failing to file required tax returns can create significant problems.
3. IRS Wage Garnishments and Bank Levies
When taxpayers fail to address outstanding tax debt, the IRS may take collection action.
4. Federal Tax Liens
The IRS may file a Notice of Federal Tax Lien (NFTL) to protect its interest in a taxpayer's property when qualifying tax debt remains unpaid.
5. IRS Payment Plan Problems
Taxpayers who already have an installment agreement may need help.
6. IRS Payroll Tax Problems
Businesses that fall behind on payroll tax deposits or filings can face serious consequences.
7. IRS Penalties and Interest
Taxpayers may accumulate substantial penalties and interest.
8. Spousal Tax Liability and Innocent Spouse Relief
Individuals who filed joint tax returns may find themselves responsible for tax debt resulting from their spouse's or former spouse's actions.
Do I need professional help for IRS tax resolution?
Answer: Given the complexity of tax laws and IRS procedures, seeking guidance from an experienced tax resolution professional is often beneficial. A qualified professional can help you understand your options, protect your taxpayer rights, navigate the resolution process, and work toward the most favorable outcome based on your individual circumstances. Not every IRS tax issue requires professional assistance, and taxpayers may choose to navigate the tax resolution process on their own.
When should I contact tax resolution specialist?
Answer: You should consider contacting a tax resolution specialist as soon as you become aware of an IRS tax issue that you are unable to resolve on your own or are unsure how to address. This may include receiving IRS collection notices, owing back taxes, facing wage garnishments or bank levies, having unfiled tax returns, or being unable to pay your tax balance in full. Seeking professional guidance early can help you understand your options, avoid unnecessary collection actions, and determine the most appropriate resolution for your financial situation. The sooner you address an IRS issue, the more opportunities you may have to resolve it before it escalates.