Are you in need of tax relief services? Here are 10 of the most frequently asked questions by taxpayers seeking IRS tax debt help.
Who is eligible for Tax relief?
Almost everyone who owes back taxes is eligible for some form of relief. The tax relief specialists at East Coast Tax Consulting Group know your rights and the detailed rules and regulations of the IRS. From releasing a wage garnishment to negotiating a settlement, we will provide a fast and accurate solution to your problem. Remember, the IRS is not your friend and is under no obligation to inform you of any solutions available to you.
Can East Coast Tax Consulting Group find out how much I owe?
Yes we can. East Coast Tax Consulting Group obtains IRS transcripts for every client to evaluate their situation, and uses those findings as a starting point to determine the best course of action to protect you, and resolve the issue.
I owe taxes, but haven’t filed returns for a number of years. What should I do?
We will help you file all delinquent tax returns to bring you up-to-date. You must be in current compliance with your tax filings to qualify for a tax resolution. Once you’re in compliance, we will develop a strategy to pay off the balance due, such as an Offer in Compromise or Installment Agreement.
What is an Offer in Compromise?
An Offer in Compromise is a tax settlement option offered by the IRS that allows you to settle your back tax debt for less than what you owe. To qualify for this program you must show the IRS there is no possible way you can pay your entire tax debt, because you don’t have enough income or assets.
I owe back taxes; when can the IRS garnish my wages or levy my bank account?
The IRS is required to issue you several collection notices to notify you of your outstanding tax balance. After the IRS has issued all of its required notices, it can may begin enforced collection activity against you, such as bank levies and wage garnishments. East Coast Tax Consulting Group can help release IRS bank levies and wage garnishments.
Will the IRS Remove Penalties?
Yes, the IRS will consider removing or abating penalties and related interest. You can have penalties abated due to “reasonable cause” or as part of their First-Time Penalty Abatement program.
Can I be held personally responsible for my Company’s unpaid payroll taxes?
Yes, the IRS can impose a penalty equal to the unpaid trust fund taxes against the individual(s) responsible for collecting and paying these taxes. This is known as the trust fund recovery penalty. Shareholders, members and other individuals can be held personally liable for these unpaid taxes.
Will I have to see or speak to the Internal Revenue Service if you take my case?
No! We will handle your case in its entirety with all communications with the IRS made directly through us as your representatives.
Why shouldn’t I just use my own CPA or attorney to help me with my IRS tax problem?
Although you may have a good relationship with your CPA or attorney, you’ll find that most handle only a few tax problem cases each year, and some never deal with any tax problem issues at all. Helping clients with IRS tax problems is what the CPAs at East Coast Tax Consulting Group do every day, all year long. Given the seriousness of these problems, we believe you are more likely to achieve the results you desire by utilizing the services of a firm like East Coast Tax Consulting Group which specializes in helping individuals and businesses resolve complex back tax problems.
How do I get started?
Call us today at 561-826-9303 to speak with one of our Tax Relief Specialists for a FREE, no obligation consultation. We will discuss your specific tax problem, explain your options, and if you choose to become a client, we will start working immediately on your case to help resolve your tax issue the quickest and most effective way possible.