Have you filed your tax returns but didn’t have the money to pay what was owed? We can help to reduce or remove penalties and interest for you. Penalties eligible for penalty relief:
- Failing to file a tax return
- Failing to pay on time
- Failing to deposit certain taxes as required
- Other penalties as applicable.
There are three types of penalty relief:
- Reasonable Cause
- Administrative Waiver and First Time Penalty Abatement
- Statutory Exception
It’s amazing how fast tax penalties and interest add up. As a choice you can either write a check and pay the full amount, including interest and penalties, or we can offer several options when it comes to resolving unpaid taxes. Please Chat with us right now to get more information!
Did you know that you can settle your tax debt with the IRS or State for less then full amount you owe? If you’re financially unable to pay your tax debt immediately, you can make monthly payments to pay your tax debt in full. This can help you to reduce or eliminate your payment of penalties or interest. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship. Your unique set of facts and circumstances:
- Ability to pay;
- Expenses; and
- Asset equity.
Generally IRS or State can approve lower amount of taxes owed when the amount offered represents the most that can be expected to collect within a reasonable period of time.
You are not eligible for this offer if you are in an open bankruptcy proceeding or haven’t filed all required federal tax returns and haven’t made all required estimated tax payments.
Affordable prices are guaranteed. The pricing starts at $350 depending on the complexity of matter.
Keep in mind that you may also need to settle your tax debt with the State Department of Taxation and Finance which requires additional delicate approach.
Our client’s example of accepted offer from New York State Department of Taxation and Finance is here: NYS Accepted