IRS Back Tax Debt Relief, Settlement, File Back Tax Returns – Allentown, Reading, Lancaster, Williamsport, State College
We are former IRS agents and managers who know the system. We can provide affordable IRS back tax debt relief.
Our firm is A+ rated by the Better Business Bureau and have been in private practice since 1982.
Our firm has combined 206 years of professional tax experience.
How to get Back Tax Debt Relief from the IRS
Like any creditor who you will owe money to, you will have to give a current financial statement to the Internal Revenue Service before they make a determination on how they will settle your case.
You’ll use form 433-F for the Internal Revenue Service to analyze.
That form will need to be completely documented along with pay stubs, copies of last three months pay statements, and copies of all monthly expenses or bills.
The Internal Revenue Service will apply the national, regional, and local standards to come up with a resolution on how they will settle your back tax debt.
You can find those standards on our website under IRS forms.
Generally there are three options available to settle your back tax debt.
After a careful review of your financial statement IRS will either place you into an:
- economic tax hardship or place your case into a currently not collectible file,
- ask you for a monthly payment agreement, or
- recommend that you could be a suitable candidate for offer in compromise.
What is an offer in compromise
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.
IRS consider your unique set of facts and circumstances, usual four factors determine offers.
1. Ability to pay;
2. Income;
3. Expenses; and
4. Asset equity.
IRS generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.
The Offer in Compromise program is not for everyone.
Make sure you are eligible for an offer in compromise
Before IRS can or will consider your offer, you must be current with all filing and payment requirements.
You are not eligible if you are in an open bankruptcy proceeding.
Use the Offer in Compromise Pre-Qualifier to on our website to find out if you are a suitable and qualified candidate for an offer in compromise.
Call us today for a free consultation and evaluation of your current financial statement to determine how best to settle your back IRS tax debt.
Filing back tax returns
If you need to file your back tax returns we can do so with little or no tax records.
We can do a back tax return reconstruction based on IRS methods.
As former IRS agents we can prepare your back tax returns and make sure you pay the lowest amount possible allowed by law.
If you are going all money will work out a tax settlement for you at the same time.
Call us today for a free initial consultation
IRS Back Tax Debt Relief, Settlement, File Back Tax Returns – Allentown, Reading, Lancaster, Williamsport, State College