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 Tax Resolution Services
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 What our clients have to say...
April 3, 2009
Thank you Summit!!! I was dealing with numerous years of back tax liability and missing returns. The IRS levied my wages and bank account.
read more...
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Installment Agreement
The IRS expects taxpayers to full pay any liability immediately, omitting the fact that you are entitled to an Installment Agreement by law. For the IRS to approve your Installment Agreement, your Revenue Officer will have to be convinced that the amount of your payment is the most that you can afford. While it is in your best interest to pay the liability as quickly as possible, it is counterproductive to agree to a payment that is not manageable. Without careful analysis of your financial information, you may well end up with payments you cannot afford to make.
Penalty Abatement
The IRS imposes significant penalties for a number of reasons. The most common penalties are for failure to deposit employment tax, continued failure to pay taxes, and failure to file tax returns. These penalties may be abated for reasonable cause. The IRS guidelines look for very specific events such as natural disasters, health problems, or incorrect advice from the IRS or your accountant. However, there are dozens of reasons that a taxpayer may not be reasonably expected to comply. We will need to look carefully at the events surrounding the liability for the exact cause of the non-payment. The IRS will make us work hard to convince them that the penalties should be abated and therefore, there is no substitute for a well presented argument.
 Partial Pay Installment Agreement
Where an agreement cannot be reached that results in full payment of the tax liability within 60 months, a Partial Pay Installment Agreement may be possible. However, this type of agreement is typically difficult to negotiate.
Offer in Compromise
An Offer in Compromise is a formal program of the IRS to allow a fresh start to taxpayers who want to pay their taxes but cannot pay in full. The Offer will require either a lump sum payment or monthly payments based on the taxpayer's equity in assets and disposable income. In 2006 the IRS made significant changes to the Offer program to curb perceived abuses, but in the right circumstances the Offer program can still be an excellent way to resolve a tax liability. We will work hard to provide you with the best chance of having your Offer in Compromise accepted by the IRS.
Currently Uncollectible Status
If all else fails and you do not have the means to pay, you may be able to have the IRS place your case on hold, possibly indefinitely. This is even possible for an ongoing business, but it will require a very convincing argument that the business can stay current and compliant going forward, but cannot make payments on the back tax liability.
Innocent Spouse Relief
If the IRS is pursuing you for taxes on income of a spouse or former spouse you may qualify for innocent spouse relief. If so, we can help you to qualify by presenting a strong argument in your favor to the IRS.
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