Tax Problem Resolution
Currently Not Collectible" (CNC)
If you have few assets and just enough income to cover living expenses, CPA Tax Reliefs can help you with the IRS.
Our experienced tax attorneys will work to stop collections by getting your case classified as “Currently Not Collectible” (CNC), which halts IRS collection efforts. If your case isn’t marked as CNC, your debt will continue to grow with interest and penalties. You’ll need to file IRS forms to prove financial hardship, and our tax consultants will guide you through the process.
Contact us today to start the CNC process with nationwide services available!
Installment Agreements
To qualify for an IRS Installment Agreement, you must file all tax returns and disclose your assets, such as bank accounts and savings. You cannot borrow the amount owed from other sources like a second mortgage or liquidating retirement accounts.
Installment Agreements allow taxpayers to pay their tax liabilities over time, especially when they cannot pay in full upfront. If the debt is $25,000 or less and can be repaid within five years, monthly payments are allowed. Once the agreement is set, you must stay current on payments.
Contact us for your free consultation and ask us all your questions.
IRS Fresh Start Program
CPA Tax Reliefs is here to support you in managing your IRS issues, including programs like the IRS Fresh Start Program.
While it’s possible to handle this on your own, having a tax attorney ensures you get the best results, potentially lowering your overall debt and monthly payments. Without expert assistance, you may face higher payments along with penalties and interest.
Reach out to us today for a free consultation and to explore how we can help you.
IRS Letters and Notices
If you receive a letter or notice from the IRS, don’t ignore it—address it promptly. These communications may not always indicate that you owe money, but they could signal changes to your account. If you’re uncertain about the notice, contact us at CPA Tax Reliefs for a free consultation
Be sure to read the letter carefully, as it contains specific issues and instructions. The IRS will only reach out via official mail, never through social media, email, or phone calls. If you see anything suspicious, report it to the IRS at 800-829-1040.
If there’s a deadline to respond, contact us beforehand to protect your appeal rights and avoid potential penalties or interest. Reach out to us for help with your IRS letter or notice!
Offer in Compromise
The Offer in Compromise (OIC) is designed to help taxpayers resolve their debts to the IRS, particularly those who cannot pay their tax obligations in full. At CPA Tax Reliefs, our tax attorneys can guide you through the OIC process and may offer multiple options for settling your tax debts. Our primary goal is to negotiate your debt for the lowest amount permissible by law.
This program allows taxpayers to settle their tax liabilities for significantly less than what they owe, offering a chance for tax relief and the possibility of correcting any miscalculations in their tax debt. Once the OIC is accepted, all federal tax liens are released, enabling taxpayers to compromise various IRS taxes, penalties, and interest. If eligible, you could save thousands in taxes, penalties, and interest.
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Tax Penalty Abatement
Penalties can make up 10-30% of your total tax obligation, but you might be able to eliminate some or all of them with a penalty abatement request if you have a valid reason for not paying on time. At CPA Tax Reliefs. we offer free consultations to help you determine your eligibility for tax penalty abatement.
If your initial request is denied by the IRS, you have 30 days to submit a penalty appeal, and our tax attorneys are here to help with that process. Reach out to us to explore your options for an appeal, as we can identify exceptions that may lead to the reduction of penalties and interest. Don’t wait, as interest on penalties will continue to accumulate.
Unfiled or Unpaid Tax Returns?
If you haven’t filed your tax returns for previous years, it’s important to do so, regardless of whether you owe money, to avoid penalties and maintain your standing with the IRS. At CPA Tax Reliefs, we can help you with unpaid taxes, but we cannot file unfiled returns due to high demand. You still have the right to file your returns, even if late, which is essential for addressing tax issues.
Not filing can lead to serious consequences, including audits or criminal charges that could result in jail time. The IRS may file a “Substitute for Return” (SFR) on your behalf, but this will likely restrict your deductions.
Reach out to us for quick assistance with your tax issues.
Take your first step towards relief today
Get in touch with us for a free consultation, and let’s discuss how we can resolve your tax problems and give you peace of mind
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