IRS Tax FAQ's Help, Frequently Asked Questions.

When the amount you owe the IRS exceeds your ability to realistically pay off the debt, they may be willing to settle with you for a considerably reduced amount, possibly even for "pennies on the dollar." This program is very specific. Any miscalculation or omission and the Offer will likely be rejected. Because Sensible Solutions Tax Relief knows the formulas and guidelines that the IRS uses, we are able to assess the lowest possible amount they will accept before your Offer is ever submitted. This eliminates the guesswork and worry. When you call, your tax specialist will walk you through the procedure, answering any questions you may have and providing a free, accurate evaluation of your case.

If there were circumstances beyond your control that prevented you from paying your tax debt and led to delinquency, it is possible to challenge those penalties and possibly even eliminate them altogether. There are many valid reasons for which the IRS might forgive the additional debt: divorce, theft, illness, prolonged unemployment, fire, and bad accounting advice are just a few. This program requires a great deal of skill to successfully navigate the IRS protocol. When you call, a tax specialist will cover the intricate details of a Penalty Abatement, accurately explaining why you would or wouldn't be a candidate for this relief.

When the IRS or State has been repeatedly unable to collect back taxes from someone, they begin to take control of assets. This process is called a Levy and is generally intended as motivation for the taxpayer to come clean. Actions may include: garnishing wages, freezing bank accounts or a business’s accounts receivables, and taking control of property via Lien or outright Seizure. Levies and Liens are designed to force taxpayers into compliance. Sensible Solutions Tax Relief can usually have a Levy or Lien successfully released within 2-10 business days, depending on the type and severity.

If there is a Tax Lien on your home or property, we can petition the IRS to make the Lien secondary to another obligation in order to obtain financing. This solution is especially useful when using equity in a property to pay off a negotiated settlement, and can also be a smart option to take advantage of favorable interest rates and market conditions.

When a person has a large tax debt but they can’t afford to pay it off as a single lump sum, then it is often possible to set up a “Payment Plan.” This allows the debt to be paid off in monthly installments. The most important factor involved is determining a monthly amount that will be acceptable to the IRS and also reasonable enough that the taxpayer will not default. Sensible Solutions Tax Relief will help you determine this amount and submit a proper proposal to the IRS so that you can pay off your debt without incurring an economic hardship.

When a business employs people besides the owner, the IRS assesses to that business what it calls 940 & 941 taxes (also referred to as employee withholding taxes.) This tax is due quarterly, and if left unpaid, penalties and interest begin to accrue. If these taxes are neglected long enough, the business can be closed and all assets seized to satisfy the debt.

Depending on the case, the taxes themselves can often be negotiated down to a settlement, and the associated penalties and interest abated. As these cases vary substantially in complexity, your tax specialist will provide a detailed assessment of your situation and propose the most affordable solution possible.

Who qualifies for a relief program?

Almost everyone will qualify for some form of relief. Taxpayers have Congressionally-mandated rights intended to ensure fairness and help them out of difficulties, but the problem is that few people are really aware of their rights. Our tax specialists know these rights and understand the relief you are entitled to. From quickly releasing a Wage Garnishment to writing an air-tight Offer in Compromise proposal, they will provide a fast, accurate solution to your tax issue and will protect your rights as they were originally intended by law.

How long does it take?

Because the specifics of each case are different, resolution can range from one week to one year, largely depending on how fast the IRS responds to your proposal. If you have time sensitive issues, make sure and tell your tax specialist as they can tailor a program to specifically suit your needs.

Will the IRS continue collecting once I'm represented?

If you decide to take advantage of our representation services, all collection activity will stop. That means no more harassing phone calls or threatening letters. All correspondence is directed through our office so that you can handle your own affairs while we resolve your tax issue. Once your proposal is accepted and settled, Tax Liens, IRS debt and collection action will be out of your life for good..

Is it "Guaranteed"?

The IRS uses specific formulas to evaluate relief based on a national cost of living index. When applied for following their guidelines, resolution is very efficient. Because Sensible Solutions Tax Relief provides a free evaluation before preceding, we are able to determine what relief you qualify for right from the outset. In the unlikely event that an Offer you submit is then refused, it is our policy to appeal it at no additional cost to you! We aim to have your case resolved the first time through, but we will continue to fight for you until you get the relief you deserve.

What options are available?

Many of our clients will qualify for a relief program called an Offer in Compromise. Depending on the circumstances, this option may settle a taxpayer’s debt for literally pennies on the dollar! If a person does not qualify for the OIC, there are still many other options which could mean huge savings, including: eliminating penalties, removing liens from property, stopping wage garnishments and releasing bank levies. We can also negotiate affordable Payment Plans to prevent financial hardship. No matter what your particular difficulty, odds are there’s a program that will help you.

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