Frequently Asked Questions
Get answers to common questions about tax relief, IRS debt resolution, and how we can help you achieve permanent tax relief.
1. What is tax relief and when should I consider it?
Tax relief is a process that helps individuals and businesses resolve tax debt with the IRS through various programs like Offer in Compromise, installment agreements, penalty abatement, and currently not collectible status. You should consider tax relief if you're facing IRS collection actions, wage garnishment, bank levies, tax liens, or cannot afford to pay your tax debt in full. Seeking professional help early can prevent more severe collection actions.
2. What's the difference between Offer in Compromise and an installment agreement?
An Offer in Compromise (OIC) allows you to settle your tax debt for less than the full amount owed if you can prove you cannot pay the full debt. An installment agreement allows you to pay your tax debt in monthly payments over time. OIC is ideal when you can't afford to pay the full amount, while installment agreements work when you can pay the full debt but need a payment plan. Our tax professionals will help determine which option best fits your financial situation.
3. Will the IRS take my property or assets if I owe back taxes?
The IRS has the power to levy (seize) assets, including bank accounts, wages, vehicles, and real estate, but they typically only do this after multiple notices and attempts to collect. By proactively working with the IRS through tax relief programs, you can protect your assets. Once you're in an approved payment plan or have an active case, the IRS will generally stop collection actions. Our team will help you take immediate steps to protect your property.
4. How long does the tax relief process take?
The timeline varies depending on your situation and the relief program. Installment agreements can often be set up within 30-60 days. Offer in Compromise typically takes 6-12 months for processing. Penalty abatement requests usually take 2-4 months. Currently Not Collectible status can be established within 60-90 days. We'll work efficiently to resolve your case as quickly as possible while ensuring the best outcome for your situation.
5. Will tax relief stop IRS collection actions and wage garnishment?
Yes. Once you enter into an approved payment plan, Offer in Compromise, or Currently Not Collectible status, the IRS will stop most collection actions including wage garnishment, bank levies, and property seizures. If you already have a wage garnishment in place, we can work to have it released once an alternative payment arrangement is approved. Immediate action is crucial to stop ongoing collection efforts.
6. How much does tax relief cost?
Tax relief costs vary based on the complexity of your case and the services needed. We offer transparent pricing and flexible payment plans. During your free consultation, we'll review your situation and provide a clear breakdown of all costs upfront. Many clients find that the cost of professional tax relief services is far less than the penalties, interest, and stress of dealing with IRS collection actions on their own.
7. Will resolving my tax debt improve my credit score?
While tax liens can negatively impact your credit, resolving your tax debt and having liens released can help improve your credit over time. Once you're in good standing with the IRS and have satisfied your tax obligations, you can begin rebuilding your credit. Many clients see improvement in their financial situation and creditworthiness once their tax problems are resolved and they're no longer facing collection actions.
8. Can I get tax relief if I'm married and filed jointly?
Yes. Tax relief options are available for both individual and joint filers. If you filed jointly, both spouses are typically responsible for the tax debt, but relief programs can still apply. In some cases, innocent spouse relief may be available if one spouse wasn't aware of errors or fraud. We'll review your filing status and help determine the best approach for your specific situation, whether you filed individually or jointly.
9. What types of tax debt can be resolved through tax relief programs?
Most types of federal tax debt can be addressed through tax relief programs, including income tax, payroll tax, self-employment tax, and penalties and interest. However, certain tax obligations like trust fund recovery penalties may have different rules. We can help with back taxes from multiple years, unfiled returns, and various tax situations. During your consultation, we'll review all your tax debts and explain which relief options are available for each.
10. Do I need professional help to resolve my tax debt with the IRS?
While you can attempt to resolve tax issues on your own, tax law and IRS procedures are complex. Professional tax relief experts understand IRS requirements, know which programs you qualify for, can negotiate better terms, and ensure all paperwork is filed correctly. Mistakes can be costly and delay resolution. Having experienced representation significantly increases your chances of achieving permanent tax relief and can often save you money in the long run.
11. How do I get started with Permanent Tax Relief?
Getting started is easy. Simply call us for a free consultation where we'll review your tax situation, discuss your options, and answer all your questions. We'll help you understand which tax relief programs you may qualify for and create a personalized plan to resolve your tax problems. There's no obligation, and all consultations are confidential. Don't wait—the sooner you take action, the more options you'll have available.
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