Tax Resolution
get tax relief
We understand that encountering unexpected tax liabilities can be daunting. Fortunately, we can assist you in obtaining a Resolution, thereby putting your finances back on track. We will represent you and present your specific circumstances to the IRS, and advance negotiations for one of many options that suits you.
By availing of this option, you can perform your civic duty by remaining tax-compliant, without any adverse impact on your personal life. It is worth noting that numerous individuals have benefited from our professional services, saving substantial sums of money in the process. We are confident in our experience and expertise to provide you with a realistic, workable solution. Allow us to help you alleviate your present anxiety and instill financial stability.
we can assist you with
- Non-Collectibles
- Installment Agreements
- State Issues
- Offer In Compromise
- Tax Lien Discharges
- Penalty Debatement
- Audit Assistance
- Wage Garnishments
At Elite Tax and Notary, we understand that dealing with tax issues can be overwhelming and stressful. That’s why our dedicated team of experts is here to provide personalized solutions that go beyond just resolving your tax problems. We combine deep industry knowledge with a commitment to exceptional service, ensuring that you receive the best possible outcome.
process to solving your tax problems
01. Investigation Phase
Every client we assist starts at the Investigation Phase. We have learned clients normally have more issues than they realize. In turn, we complete an Investigation to find out exactly where you are to provide the best customer experience. At the end of the investigation, we meet with you and advise you of our findings.
Takes about 14 days to complete.
02. Compliance Phase
The second phase is the Compliance Phase (this Phase is not required for everyone – it’s based on the results of the Investigation Phase). During this phase, we educate you on how to avoid similar situations in the future and create a plan of action to address the outstanding tax issues. For example, a client may need to file delinquent income tax returns while another client may need a payment agreement.
Price and completion time varies.
03. Resolution Phase
The final phase is the Resolution Phase. If the Compliance Phase leaves you with an outstanding balance due this is where we start to look into your ability to pay. You can pay in full, pay monthly, or submit an Offer in Compromise. We specialize in Offers being accepted by the IRS.
Price and completion time varies.
04. Pre-Offer Assessment
We encourage our clients to complete a Pre-Offer Assessment. The Assessment tells us if you are a good candidate for an Offer which will increase your chances of the Offer being accepted by the IRS. This step can help you save thousands of dollars. If you’re not a good candidate we will advise you of other ways to resolve your balance due.
Takes about 1-3 hrs to complete.
05. Let's Submit An Offer
As of today, when we have told clients they are good candidates to submit an Offer – their Offers have all been accepted by the IRS. Having an Offer accepted decreases your tax bill dramatically and overnight. For example, one client went from owing over $186,000 to paying $1,155.00 to settle the debt. We cannot guarantee the IRS will accept your Offer, they make the final decision.
Price varies based on the complexity and balance owed by the client.
06. Not A Good Candidate
If you’re not a good candidate for an Offer we will advise you of the best way to resolve your balance due. We will tell you the lowest monthly payment the IRS will accept from you without creating a hardship for you and your family. We’re here to help you and will not allow you to pay more than you can afford monthly.
more tax resolution services
Offer in Compromise: This is a partial settlement of your total tax liability. To qualify for this tax resolution option, there must be an extraordinary reason the IRS should not collect the total amount of tax due. Doubt as to Collectability and Effective Tax Administration are the most common approaches and are based upon income, expenses and assets
Installment Agreement: A payment plan with the IRS to make regular and monthly payments to pay off the taxes owed.
IRS Collections: The IRS has far greater powers than any other bill collector. The IRS has the power to put in place a wage garnishment, levy bank accounts, and other property.
Bankruptcy: Under some circumstances, you may have your tax liability discharged in bankruptcy or paid through a bankruptcy plan.
Innocent Spouse Relief: Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. In filing jointly, both taxpayers are jointly and severally liable for the tax and any additions to tax, interest, or penalties that arise as a result of the joint return even if they later divorce. Joint and several liability means that each taxpayer is legally responsible for the entire liability. Thus, both spouses are generally held responsible for all the tax due even if one spouse earned all the income or claimed improper deductions or credits. This is true even if a divorce decree states that a former spouse will be responsible for any amounts due. In some cases, however, a spouse can get relief from joint and several liability.
Injured Spouse: If you file a joint return and all or part of your refund is applied against your spouses’ past-due federal tax, state income tax, child or spousal support or federal nontax debt, such as a student loan, you may be entitled to injured spouse relief.
Statute of Limitations Review: There is a ten year statute of limitations from the IRS assessment date. The statute period does not begin until the taxpayer has filed a tax return. A substitute for return (SFR) prepared by the IRS does not count as a filed return. If the statute clock has started and the IRS has not collected within the ten year period (assuming no interruption to the statute period), the tax is no longer collectible and the IRS must release any lien or levy against the taxpayer. A careful review and analysis of your situation and IRS records will allow for a determination on whether the statute has expired.
Penalty Abatement: A reasonable cause statement made to reduce or eliminate tax penalties and interest on your underlying liability.
Currently Non-Collectible Status: Under some circumstances, the IRS will agree to forgo collection if you cannot pay the tax. While this will place a hold on collection activity, it is a temporary hold. The IRS will re-visit ability to pay to see if the economic condition of the taxpayer has improved.
IRS Tax Appeal: If you disagree with the decision by the IRS, you may request an appeal of your case.
professional affiliations
Our strong network of professional affiliations reflects our commitment to industry standards and excellence.