Owing money to the IRS can be terrifying. I know because I have seen it first hand. I have had clients who haven’t filed taxes in 10+ years, or who owe hundreds of thousands of dollars to the IRS. Having these kinds of problems places an enormous strain on their physical and emotional well being.
When you don’t have this part of your life handled, you are living in a state of constant fear. There is a good reason for this… if you ignore the IRS and do nothing, the IRS will take aggressive action against you. This can include garnishing your wages, levying your bank accounts, placing liens against your property, taking away your passport, or potentially even assigning your case to a Revenue Officer who will show up to your house unannounced.
The good news is that it doesn’t need to be this way. The IRS is actually extremely reasonable if you demonstrate that you are acting in good faith and trying to do the right thing. I have helped hundreds of clients get right with the IRS, and it’s really an incredibly easy process. Here is what we do for you:
Step 1: We Perform an Investigation
The first step of the process is we will figure out exactly what you owe to the IRS, what years you have a filing requirement for, and what information (1099s, W-2’s, etc.) has been reported to the IRS. We get all of this information directly from the IRS, so if you don’t have good records, don’t worry about it.
Step 2: We File All Of Your Past Due Tax Returns
The next step is we will file all of your past due tax returns to get you up to speed. You are hiring us to be your representatives and advocates, and as a consequence, we will do everything we can to keep your taxes to their legal minimum.
Step 3: We Come Up With A Gameplan
Generally speaking, when you owe the IRS a lot of money that you can’t afford to pay, there are three options:
1.) We can apply to have your tax debt forgiven via an Offer in Compromise.
2.) We can apply to have you placed on Currently Non-Collectible Status, or CNC Status. In many cases, this is the cheapest and best solution.
3.) If you don’t qualify for either of the first two, we will get you into the lowest monthly payment plan that we possibly can (unless you instruct otherwise!)
That’s it!
That’s Great, But How Much Does All This Cost?
A typical IRS resolution case will cost between $1,500 and $3,000. This is a fraction of what a firm like Optima Tax Relief will charge, and I do a much better job for clients by providing more personalized and attentive service.
To get started, please send me an E-Mail at sam@dillencourtcpa.com so we can schedule a free consultation.