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 →
Federal Tax Help
Amazing Tax Settlement – $1,600,000 Tax Debt Reduced to Zero!
Karen M. was recently divorced and owed the IRS over $1,600,000 for a joint IRS liability she had incurred with her ex-husband. The debt had accumulated over many years and, as is usually the case, included a significant dollar amount of assessed penalties and interest. The taxpayer was newly single, lived on a modest income… 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.
Tax Debt Can Start with a Small Mistake – Tips to Avoid the IRS Debt Cycle
Tax Debt can develop from a simple mistake or unreported item on a return. The IRS takes time to find errors and yet penalties and interest accrue during that period. Here are some simple steps to help avoid making some common Tax Filing mistakes.
Consider Carrying Back a Net Operating Loss as a Tax Settlement Tool
In this economy many taxpayers have allowable deductions that exceed gross income. The Net Operating Loss Carry Back provision can be used to offset taxes paid in or even owed for prior years. Read more below about this excellent tax settlement option.
