Tax Resolution Services

We will discuss the tax resolution services. Tax resolution services are provided by the U.S. Internal Revenue Service (also known as IRS is responsible for collecting federal taxes and making sure that tax laws comply. The IRS is accountable for collecting tax funds, processing tax returns, and disbursing tax refunds. In 2018 the IRS received around 250 million tax returns and disbursed more than $400,000 in refunds to taxpayers.


When tax time approaches, most people think of the IRS and then wait for the tax rebate. Sometimes, the IRS is visible at other times throughout the year. However, there are exceptions. The IRS may initiate an investigation if an individual or company believes that they haven’t declared enough income, are underpaid, or did not file the necessary tax returns. In such cases, the individual or business may need tax resolution services to address the issue, repay taxes, and get tax relief. We’ll be discussing more details about tax resolution services in this article.


What is Tax Resolution?

Tax resolution is the process of working with IRS tax experts to solve your tax issues. You may have an issue with your tax return or a tax issue that the IRS can’t resolve. If your situation with taxes is complex, the IRS may examine you to ensure that you report your income correctly and make the appropriate deductions. The IRS could suspect that you’ve not reported income correctly in certain situations and could need to investigate the tax implications of your situation.


Another issue in dealing with the IRS is when you do not make your taxes due each year. The IRS might be able to charge you more tax due if you fail to pay your taxes at the right time. We will discuss more about tax resolution services


Audit Representation

Do not worry if you receive an IRS notice informing you that your tax returns are being reviewed. Even though it can seem intimidating, you don’t need to complete the whole audit on your own.

The IRS examines taxpayers for different reasons. Just that the IRS examines you doesn’t suggest that you’ve committed a mistake. You can relax by having an expert audit consultant create a defense for the audit.


Transcript Protest

Since we are discussing tax resolution services. The IRS can also make mistakes. Sometimes it’s because the IRS considers that you earned more money than you earned or includes the earnings from an ex – or former business partner in addition to your earnings. If this occurs, the IRS can challenge your position and provide proof to support your claim. Tax experts can help you draft a Transcript Protest, so you don’t have to pay any debt.



What happens if you discover that the IRS payment is just too large that you cannot pay it back? In this scenario, there is no option. You could choose to pay your IRS and keep the roof in place.

The IRS may offer some relief to tax debtors who are in a position or unwilling. The IRS cannot collect tax debt in the “currently not collectible” status. Services for tax settlement are provided to help you determine your eligibility and help you understand the possible drawbacks of this status and benefits.


Tax Penalties

If businesses or taxpayers fail to pay their taxes on time, or they fail to pay their taxes on time tax, the IRS could assess tax penalties and interest. The IRS may waive certain penalties under certain conditions. It is possible to have your tax resolution service determine if this option is possible for you and assist you in determining whether you’re eligible.


Non-Filed Returns

It is expected to complete a tax return every year. However, it might not be feasible in all situations. An IRS representative could use this information to calculate the debt you owe. Tax consultants will assist in preparing your tax return from years past. They can also assist you in preparing your taxes for the future and help you with tax-planning strategies.



Getting Back Taxes

Taxes on back taxes aren’t easy to pay in one lump sum. You need to review your returns to determine if you’re responsible to solve tax issues. The collaboration together with IRS to create a tax plan could be a part of the tax settlement process. We will discuss the tax resolution process in this article.



The IRS Is Compromising

There are instances where the IRS will negotiate with taxpayers. The IRS”Offer in Compromise program allows for payments that are lower than what you have to pay.

Negotiating with the IRS isn’t easy since they aren’t typically willing to cut down on payments. A tax professional can assist you in determining if the IRS will be willing to negotiate or provide a better solution.

Payroll tax is required for companies that employ employees. The IRS may penalize businesses that are not paying payroll taxes. The most common method is via The Trust Fund Receipt Penalty. Tax resolution professionals can guide you through the penalty procedure of the IRS.


Wage Garnishment Help

IRS goes to great extents to obtain its funds. One of them could be to assail your earnings. This could result in your paycheck becoming smaller or not even existing. Negotiating with the IRS regarding garnishing your income is a crucial aspect of tax settlement. A tax professional is competent to assist you in creating an income and payment plan to submit to the IRS. This proves that you can make the payments without the IRS accepting the cash. We will discuss more about tax resolution services

The earlier you can resolve your tax issues, the better. A prompt resolution to tax issues can help you avoid stress and headaches. Also, it means that you will not have to pay extra to the IRS.


What Can Tax Resolution Do for You?

You can directly contact the IRS to solve tax-related issues. However, it’s recommended to seek assistance from tax experts.

You are entitled to certain rights as a taxpayer. These rights are detailed in the IRS Taxpayer Bill of Rights. You are entitled to work with a firm offering tax solutions that can assist in ensuring you are safeguarded. A tax resolution firm can assist you in:



Evaluate Your Position

If you’re dealing with a tax professional, the first thing you need to make is to schedule a consultation. In this consultation, you’ll be able to discuss your particular issue with a tax professional who will look over your documents and assess the situation.

Consultation may help you determine whether you’re eligible to pursue tax-related resolution. The tax professional can meet with you and assist you in finding an answer.


A Defense

If an accountant or tax agent believes that your situation is likely, the following step would be to develop a plan that will allow you to collaborate with the IRS to reach a mutually acceptable agreement. Enrolled agents will go through the entirety of your paperwork if you are examined. They will then create an argument for you.

Your tax advisor can create an installment plan to inform the IRS what you can afford to pay. The defense and plan you have in place can safeguard you from being overwhelmed by tax debts.



 The Go-between

The Taxpayer Bill of Rights allows you to obtain representation. Your tax professional can serve as an intermediary and mediator between yourself and IRS. Through a tax resolution company, you aren’t entrusted with the burden of dealing with the IRS by yourself.

The IRS Tax consultant, as well as an Enrolled Agent, possesses several years of knowledge and in-depth knowledge about tax legislation. They know your rights and what you can do and can’t be held accountable to the IRS. You’ll feel less overwhelmed and have a higher chance of obtaining a favorable result.


How does tax relief work?

The IRS is a more caring and understanding institution than you think. The IRS provides several tax relief programs available to people and businesses who qualify.

Fresh Start is one example of a program like this. The IRS began the program in 2011 to help people and businesses with difficulty paying tax obligations. This initiative led to three major changes:



Liens Fresh Start:

The IRS increased the dollar threshold for the liens. It was made easier to release liens after tax had been paid.


Installment agreement:

Fresh Start enables taxpayers to cooperate with IRS to negotiate an installment arrangement to pay taxes. Since they can apply online and don’t have to fill out forms, it’s simpler for those with less than $50,000 in tax debt. Fresh Start also extended the repayment period to six years from five years.


Compromise Program:

Fresh Start widened the offer for this compromise program. It allows more people to apply. A Compromise Offer is an option to negotiate with the IRS in exchange for a reduction of the amount you are owed. This tax relief option is available once the other alternatives have failed. An Offer in Compromise option is offered to taxpayers who earn up to $100,000 or tax obligations that exceed $50,000.


You can apply for tax relief. Many prefer working with an accountant to ensure they’re properly following the procedure and increase their chances of obtaining the relief they want. If you seek advice on your tax issues, it is important to know that only certain individuals have the qualifications to assist or represent you. They include:

  • Agents who are enrolled
  • Certified public accountants
  • Lawyers


An IRS-authorized representative (also known as a registered agent, may represent taxpayers. To be an Enrolled Agent, one must pass a three-part exam or demonstrate a track record of working for the IRS.


BC Tax Can Help You Resolve Your Tax Issues

 Our CPAs are registered agents that can assist you in analyzing your situation as well as bargain in conjunction with the IRS to minimize or eliminate tax burdens and help you file the tax return. Our headquarters are in Colorado. We also serve taxpayers across all 50 states. 

Every person’s tax situation and outcomes will be different for each individual. Get in touch with BC Tax to learn more about your tax situation and what BC Tax might help.

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