IRS Tax Problem Case
How about this for an success story? Client owed $100,000 in IRS back taxes and walked out with a refund. Yes this happened. It was not easy.
How about this for an success story? Client owed $100,000 in IRS back taxes and walked out with a refund. Yes this happened. It was not easy.
On occasion we get a doozy. In this particular case, we had to force the issue with the IRS. Pursing the IRS is a little backwards. Normally, we are consistently trying to keep the client out of the IRS light. But in this case the client could no longer afford to be ignored by the IRS.
The following are 3 cases where we settled taxes for less.
You are in a stressful tax situation. You do not know what to do and you’re overwhelmed. You are not beyond tax help. There are many people dealing with tax problems. There is a solution. Read these pages to find out more on possible tax help solutions available to you.
Currently Non-Collectable status is for taxpayers that are unable to pay back taxes. The IRS back taxes will not go away. You will still owe the taxes. However, due to your financial condition, the IRS will not try to collect the back taxes.
The business owes back taxes. The business can not pay all the back taxes today. However, you could pay back the taxes over time. You can request a Business IRS Installment Agreement.
You owe back taxes. You can not afford to pay all the taxes now. IRS Payment Plan may be an option available.
You and your spouse file a return together. Both of you will be responsible for the taxes. This is true if your spouse caused a tax problem. What can you do? Two IRS Relief options are Innocent Spouse and Injured Spouse.
Your return was selected for IRS audit. Your heart dropped. The thought of dealing with the IRS is scary. You have nothing to hide. You want the IRS audit over as soon as possible. Your plan is to freely provide whatever information the auditor requests. Auditors are trained on interrogation techniques. The auditor will encourage you to talk about your tax return and personal finances. Talking freely about your personal finances may be to your detriment. This may give the IRS the necessary information to add income or disallow write offs.
You are getting bombarded with calls and letters due to owing back tax balances. Watch out for all the tricks companies use to solicit your business.