Tax Resolution Services
When you find yourself owing back taxes, it can feel like there’s no way out. But the truth is, you have a number of options for tax resolution, depending on your particular circumstances. With the tax attorneys at Internal Tax Resolution of St. Louis on your side, we can work together to find the right back taxes help solutions for you and your owed back tax. We use our decades of experience providing back tax relief to bring you the expertise and in-depth knowledge you can rely on for comprehensive answers to your tax debt, and our CPAs and tax lawyers in St. Louis want to make this entire process as simple and stress-free as possible. We know you’ve been going through a lot: let our team put an end to the back taxes you owe. Call now to get started with your free estimate.
Back tax relief can vary greatly according to your specific situation, so don’t settle for a tax accountant or CPA firm that only offers cookie-cutter solutions. At Internal Tax Resolution, we’ll explore your circumstances surrounding owing back taxes and partner with you to develop a state or IRS back taxes elimination plan that’s right for you. The great news is that even when it feels like the tax authorities are out to get you, they are often willing to work with you to reach a mutually beneficial solution. Internal Tax Resolution can facilitate a variety of IRS tax negotiations to capitalize on back tax relief policies that can benefit you! Our tax resolution and accounting firm in St. Louis is committed to helping you achieve the best possible outcomes for your tax debt.
We are available to help you with:
Offers in Compromise
An offer in compromise settles your tax debt for less than the amount you owe. Negotiated between the IRS and a taxpayer, this option can completely resolve your IRS back taxes for less than the full total you currently owe. Internal Tax Resolution is available to facilitate offers in compromise with the IRS, presenting evidence in your favor to greatly reduce your tax debt burden. The IRS accepts an offer in compromise only under the following three circumstances:
- Doubt as to the taxpayer's liability for the taxes owed (i.e. for some reason, you don’t actually owe the taxes you are being held responsible for)
- Doubt regarding the collectibility of the IRS back taxes (i.e. the tax authorities do not believe they will ever be able to collect the full amount owed due to the size of the debt in relation to your income and assets)
- Exceptional circumstances (including evidence that collecting the full amount of owed back tax would cause economic hardship, etc.)
The tax attorneys at Internal Tax Resolution can help you assemble and submit your evidence in the best light in order to help achieve the best outcomes for your offers in compromise.
Installment Agreements
The Internal Revenue Service understands that for many people, paying off your back taxes in one lump sum is not an option, so they offer convenient payment plans. These installment agreements provide flexibility if you are unable to pay off your tax debt in full at this time. The team of CPAs and tax lawyers at Internal Tax Resolution can help you set up an installment agreement to settle your back taxes debt in full over time. Remember, to minimize penalties and applicable interest, you’ll want to pay as much as you can as early as you can. Our accounting pros can work with you to create a plan that maximizes your IRS back taxes payments to settle your debt as soon as possible without creating financial hardship in the meantime. Internal Tax Resolution of St. Louis is here to help you settle your back tax for as little as possible! Learn more by calling or sending us an e-mail today.
Innocent Spouse Relief
Filing your taxes jointly means that both you and your spouse are equally liable for the sum of the taxes, and any applicable interest and penalties, from that tax year. Unfortunately, that also means that the IRS can hold one spouse responsible for the full amount of tax and fees owed, even if you are now divorced! However, with the help of Internal Tax Resolution, you can find back tax relief if you’re being held liable for taxes your spouse owes. The IRS understands that there are some cases in which it is unfair to hold one party fully liable for the couple’s full tax responsibilities and offers a way out through innocent spouse relief. Our CPAs can help you decide which of the three types of innocent spouse relief filings you qualify for and aid with submission of the paperwork and evidence. We can provide support for:
- Classic innocent spouse relief (offering full relief of one spouse's responsibility for paying any of the understatement of taxes owed)
- Separation of liability (reallocating the understatement of taxes between the spouses based on how much each party is responsible for)
- IRS equitable relief (providing relief for some of your tax liability even if you do not qualify for either of the above types of innocent spouse relief)
Penalty Abatement
Non-payment or under-payment of taxes can create sizable fines and interest. You may not realize it, but IRS back taxes penalties can amount to a maximum of almost 50% of the total tax owed. And on top of the tax debt and penalties, the IRS can also charge interest on the original money owed, generally around 4% a year. That explains why your back taxes problems can get out of control so fast!
However, the Internal Revenue Service does realize that there are cases in which taxpayers have legitimate reasons for not paying their taxes, and under the right circumstances, the tax penalties can be reduced or removed. At Internal Tax Resolution, our tax attorneys and accountants in St. Louis know the tax laws backward and forward, and we may be able to help you qualify for penalty abatement depending on your specific circumstances. “Reasonable cause” is required for penalty abatement, and some excuses the IRS accepts include:
- Unavoidable absence (rehab, prison, etc.)
- Destruction of tax records (flood, fire, or other disaster)
- Death of a close family member
Penalty abatement is handled case by case, so it’s critical that your evidence is submitted in the best possible manner. Internal Tax Resolution has been in the business of helping taxpayers with back tax relief for more than 25 years, so you can trust our professionals for top-quality tax resolution and effective penalty abatement services.
Wage Garnishment Relief
When you’re not paying down your tax debt, the IRS is legally allowed to withdraw money directly from your paycheck. These deductions are called wage garnishment or wage levies, and they can cause major upheaval in your personal finances. So instead of just dealing with the financial burden of wage garnishment, let Internal Tax Resolution put an end to it! Our professionals can help you release the wage levy through an alternate back tax help solution like a payment plan or an offer in compromise. Our tax lawyers may even be able to stop wage garnishment by showing that it causes you financial hardship.
Property Lien Withdrawals or Releases
Unpaid IRS back taxes also mean that the IRS can place a lien on your assets. Held against property like your home or business, these property liens are a way for the IRS to make certain the debt will be repaid. The problem is that these liens not only indicate that the IRS has a claim on your property, they also make it nearly impossible to get a mortgage, new credit card, or loan. But Internal Tax Resolution of St. Louis can help you come to an alternative settlement with the tax authorities that may result in the withdrawal or release of the lien. Our team of accountants and tax attorneys offer back tax relief solutions to help you settle your tax debts and eliminate the stress of an IRS property lien!
Bank Levy Releases
The Internal Revenue Service also has the option of seizing money straight from your bank accounts to satisfy the tax debts you owe. In this process, known as a bank levy, the IRS tells your bank to freeze your accounts and hold them for 21 days. Once that time has elapsed, the IRS can withdraw enough money to cover the back taxes you owe, plus interest and penalties. After the tax authorities have withdrawn the money from your accounts, it’s nearly impossible to get it back. That means if you’ve been notified that a bank levy has been put on your accounts, you need to contact Internal Tax Resolution right away. Our team of tax lawyers and accountants in St. Louis can help you reach a settlement with the IRS that releases the bank levy. This enables you to settle your owed back taxes on your terms rather than on just the IRS’s. Internal Tax Resolution specializes in the back taxes help you need to make tax debt settlement less of a financial burden.
For more information or to set up your free estimate, please contact us by phone or e-mail today. Internal Tax Resolution is standing by to provide you with personalized solutions and the back tax relief you need. From great customer service to customized back tax help, our tax attorney pros take exceptional care of you!
- tax resolution
- tax settlement
- tax penalty abatements
