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Levies are a very powerful tool the IRS and other tax authorities have at their disposal. Even if they are not successful in levying a large sum of money, they can create personal hardship and put a company out of business very quickly. Working with the IRS to prevent the harm caused by levies is a top priority. We will work diligently to stop collection efforts, then work hard to find the best overall solution to your problem. Tax Reduction and Penalty Abatement The tax liabilities any taxpayer has usually includes significant penalties making a repayment of the liability in full very difficult in a reasonable period of time. We may be able to have many of these penalties reduced if incurred for reasonable cause. Often a liability may also consist of Civil Penalties assessed because of a discrepancy between different returns. We can review your returns and identify the source of the penalty to eliminate the penalty. Liens on Real Estate Many people with tax problems have equity in their home or other real estate. Yet they cannot refinance or sell, due to the lien. Losing a home due to tax problems can be devastating, both emotionally and financially. Summit Tax Resolution can help.
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Prevention or release of Enforced Collection Activity