If you are experiencing tax problems with the IRS and owe back taxes, penalties, and interest, we have the skills and experience to end wage garnishment, release tax liens, and find solutions for all kinds of IRS tax problems. We will make sure you understand your rights and explore all the tax relief options available to identify the best course of action for your needs and circumstances.
These are the most common solutions that can be used to obtain tax relief from the IRS:
An Offer in Compromise (OIC) is an out of court agreement between a taxpayer and the IRS to resolve a tax debt. It is a nice option for those who qualify because it allows the taxpayer to settle their tax debt for less than what is owed. Not everyone qualifies for an Offer in Compromise, so it is really important that you work with a qualified tax professional that can help you determine if your situation qualifies for this program.
Learn more about offers in compromise
When you cannot afford to pay your tax debt immediately, we can help you negotiate an Installment Agreement with the IRS. This type of payment plan option is good those who cannot afford a lump sum payment to cover their tax debt.
Learn more about installment agreements
When you fail to pay your taxes on time, you can incur very heavy penalties and interest. For many people, the penalties and interest can add so much to the tax debt that it makes it very difficult to resolve tax debt. We have experience representing clients before the IRS to show reasonable cause and have the penalties and interest waived. It is possible to have penalties and interest removed.
Learn more about Penalty Abatement
If your account is placed into a Currently Not Collectible status, that means that you are protected from collection efforts by the IRS and your account is removed from an active collection status. Obviously, there are strict guidelines governing a Currently not Collectible status. We can help you determine if you qualify for this status so that the IRS will not pursue collection on your account as long as your financial situation does not change.
Learn more about Currently Not Collectible status
At H&CO we can help you find a permanent solution that will stop the intimidating letters and phone calls from the IRS. Our tax advisors have a wealth of experience and insight on IRS tax relief alternatives and we will put that knowledge to work for you. We will identify the right strategy to resolve your IRS problems and will execute a plan of action to reduce and pay off your tax debt so you can make a fresh start. Contact us today for consultation and evaluation of your case.