As of the end of fiscal 2010, the balance of reported unpaid federal taxes was about $330 billion according to the IRS. This is a huge amount and as we have written about in the past, the enforcement of the tax laws and the tax code is on Government Accountability Office’s list of high-risk areas…. Continue reading →
Delinquent Returns
He Owed the IRS $80,000 in Back Taxes. We Reduced His Tax Debt to Zero!
Steve H. came to Professional Tax Resolution after receiving notice of a wage garnishment from his largest customer. Steve, a technology consultant, had failed to file tax returns for six years and, according to IRS calculations, owed over $80,000 in back taxes, penalties and interest. Tax settlement plans for taxpayers with numerous un-filed tax returns… Continue reading →
Unfiled Tax Returns or Back Tax Troubles? Here is Some Back Tax Guidance
Can You Get Help With Back Taxes? If you are like many Americans who are having trouble keeping up with finances these days then you may have also found yourself a year or two behind on paying your taxes. Perhaps you even skipped filing for a few years. Left unresolved, unpaid tax debt or unfiled… Continue reading →
A Successful Offer In Compromise – $74,000 IRS Problem Settled at a 95% Discount.
The IRS does not accept offers in compromise to everyone. However for those that meet the qualifications, this tax settlement program can be life changing. Here is the story of one Professional Tax Resolution Client’s journey to tax relief.
FAQ about the IRS Notice of Deficiency
If you received an IRS Notice of Deficiency, the following article outlines some frequently asked questions about what a ‘Notice of Deficiency’ is, what the letter states about your situation, and both how and when you should respond.
IRS Warning About Companies That Promise To Reduce Tax Debt – For a Large Fee
The IRS warns consumers that they are “increasingly concerned about unscrupulous promoters charging excessive fees to taxpayers who have no chance of meeting the OIC program’s requirements.” They urge taxpayers not to be fooled by high priced promises.
