We often meet with taxpayers that would like to have their tax problems solved with an offer in compromise. While an offer in compromise is an excellent way for qualified taxpayers to settle back tax debt for much less than what they owe, there are various reasons why an offer…
Sometimes it happens by accident. You didn’t withhold enough from your paycheck during the year and find you owe the IRS money when it’s time to file your tax return.Or maybe you came into some money, spent it, and didn’t realize that you needed to pay taxes on your windfall.
When you’re struggling with tax issues and need urgent tax resolution assistance, East Coast Tax Consulting Group is your answer. From helping you with unfiled tax returns to negotiating back tax settlements to providing IRS audit defense, our skilled CPAs have your back when it truly matters.
For most people, personal finance is a deeply private matter and the idea of revealing their personal financial information to anyone, especially total strangers, can often cause fear and anxiety. However, when taxpayers find themselves with tax debts that they are unable to pay for one reason or another, they…
The IRS’s offer in compromise program can be a great way to reduce the amount of debt you owe and make your payments more manageable. After all, the program is mutually beneficial to you and the IRS—it allows you to negotiate a tax settlement for less than you owe and allows the…
We all have a responsibility to pay our taxes each year. But what happens when the amount you owe has spiraled out of control?
Taxpayers have certain rights, both on the federal level, as well as on the state level. Unfortunately, when dealing with large bureaucracies like the IRS, it can be hard for the average individual to understand his or her rights and seek recourse or remedies in situations when those rights are…
Did you know that if you file a joint income tax return with your spouse it’s possible to lose your refund? When your spouse has outstanding tax debts prior to your marriage or from filing a separate return during your marriage, the filing of a subsequent joint return places any…
The IRS Offer in Compromise program allows qualified taxpayers an opportunity to settle their back tax debt for less than what is owed. When you submit an Offer in Compromise you are agreeing to comply with certain terms and conditions.
Freedom of Information Act (FOIA) requests can be helpful to taxpayers in resolving IRS tax problems.