IRS Problems, Solutions, and Eligibility for Relief
We recognize that it is hard to handle IRS problems, especially since the subject can often seem difficult or uncomfortable to address.
It is never too early or too late to resolve your tax problems. At Methner and Associates, we help you solve your tax issues, both old and new.
Many tax solutions exist for those facing Federal tax problems. Sometimes the solutions are very simple. However, in serious situations, you should get tax help from Methner and Associates. We understand how to find a solution to help you out of your tax problems. Contact us today for a free consultation!
STOPPING WAGE OR BANK LEVY
Problem: You need to stop IRS threatened collection activity or an IRS wage or bank levy already in place.
Solution: APPROVED INSTALLMENT AGREEMENT, FILED OFFER IN COMPROMISE, ADMINISTRATIVE APPEAL, OTHER NEGOTIATED SETTLEMENT, AND BANKRUPTCY
Eligibility: You or your business is eligible for a solution that will provide relief from threatened or active IRS collections.
The above tax solutions will stop threatened collection activity or a levy already in place. The specific solution that you qualify for requires an analysis of your situation.
If you are interested in knowing what solutions are available in your situation then contact us today for a free no-pressure consultation.
OFFER IN COMPROMISE
Problem: You are unable to pay a tax debt in full and an installment agreement is not an option.
Solution: FILE AN OFFER IN COMPROMISE
Eligibility: A tax debt can be legally minimized if doubt exists that the assessed tax is correct, that you could ever pay the full amount of tax owed, or there is no doubt the tax is correct, and no doubt that the amount owed could be collected, but an exceptional circumstance exists that allows the IRS to consider a taxpayer's offer. In addition, you may need to be in compliance with the IRS policies for two consecutive quarters (6 months) before an offer is submitted and you must remain current and in compliance with the IRS after acceptance and for the duration of your offer.
You can compromise all types of taxes, penalties, and interest. Even payroll taxes can be compromised. The IRS accepts approximately 25% of all offers filed. If Methner and Associates can show that you qualify for this program, you can save thousands of dollars in taxes, penalties and interest.
Learn whether this solution is available for your specific situation. Contact us today for a free consultation!
INSTALLMENT AGREEMENT
Problem: You are unable to immediately pay individual or business IRS tax debt and need a payment option.
Solution: ENTER INTO AN IRS TAX INSTALLMENT AGREEMENT – PAY PLAN
Eligibility: You cannot pay the full amount of the tax debt, you are able to make equal monthly payments, and all returns due are filed.
If you need a reasonable payment option for handling your individual or business tax debt, then an IRS installment agreement may be your preferred solution. Installment agreements allow for the full payment of the tax debt in smaller, more manageable amounts over time.
Also, taxpayers who already have an installment agreement may still find help. The amount previously agreed to may be lowered if circumstances show your ability to pay has changed.
Interested in knowing whether this solution is available for your specific situation? Contact us today for a free consultation.
PENALTY AND INTEREST ABATEMENT
Problem: You have penalties and interest that have accumulated due to past tax problems even though you tried to repay the tax debt.
Solution: REQUEST TAX PENALTY AND INTEREST ABATEMENT
Eligibility: You have extenuating circumstances contributing to this problem or you have a good reason for falling behind and you have a reasonable cause for not paying taxes. A reasonable cause may be something that is generally out of your control, such as embezzlement or theft at your company, natural disaster, or serious medical problems. You must also show the IRS that you acted with "due diligence" and "no neglect" in your attempts to repay the IRS debt.
Penalties and interest may far exceed your actual tax debt owed to the IRS. If you believe you are eligible for tax penalty and interest abatement, then you should pursue this solution as it may save you hundreds to thousands of dollars.
Interested in knowing whether this solution is available for your specific situation? Contact us today for a free consultation.
TRUST FUND RECOVERY PENALTY
Problem: Your business is behind on paying employee withholdings to the IRS and you are risking the trust fund being assessed or it has already been assessed.
Solution: PURSUE TRUST FUND RECOVERY PENALTY RELIEF
Eligibility: You or your business is eligible for a solution that will provide relief from trust fund recovery actions by the IRS. The specific solution that you qualify for requires an analysis of your situation. Solutions include negotiations with the IRS, installment agreements, and offers in compromise. The qualifications of each individual solution must be met for you to be eligible for that solution.
An unresolved trust fund problem will result in personal responsibility to people related to your company's failure to pay taxes.
Personal assessment requires immediate action to convince the IRS not to go after your personal assets, wages, and bank accounts if you are a responsible party.
Methner and Associates can help you protect your personal assets. If you are interested in knowing what solutions are available in your situation then contact us today for a free no-pressure consultation.
INNOCENT OR INJURED SPOUSE
Problem: The actions of a current or former spouse have placed you in trouble with the IRS.
Solution: SEEK INNOCENT OR INJURED SPOUSE RELIEF
Eligibility: There are many programs and techniques that can protect current, former, and future spouses from liability that was incurred in a marriage.
Methner and Associates can help taxpayers that are being subjected to tax problems because of their spouse's actions even if you are still married.
Interested in knowing whether this solution is available for your specific situation? Contact us today for a free consultation.
ADMINISTRATIVE APPEALS
Problem: A decision has been made about your tax problem and you do not agree with the IRS taxing authority decision.
Solution: PURSUE AN ADMINISTRATIVE APPEAL
Eligibility: You must file an appeal within a certain time frame and follow the IRS guidelines for a valid administrative appeal.
In general, an appeal is a proposed solution that is better than the solution the IRS has come up with. The appeals division of the IRS reviews and has flexibility in crafting a solution with us to handle your tax problem.
Learn whether this solution is available for your specific situation. Contact us today for a free consultation!
BANKRUPTCY
Problem: Taxes are not your only debt or the IRS has refused to work with you.
Solution: FILE BANKRUPTCY
Eligibility: Everyone is eligible for one or more of the types of bankruptcy relief that is available.
Tax debts, including penalties and interest, that are older than 3 years old may be completely wiped-out in bankruptcy. Even if your tax debt is not dischargeable or there is a lien in place a bankruptcy can force the IRS into a payment plan handling your tax debt once and for all.
If you are interested in knowing whether this solution is available for your specific situation then contact us today for a free consultation.
We believe that our former clients’ testimonials speak volumes about the personal care and attention we provide and invite you to look at our clients’ comments.
Contact our Denver-AREA Law Firm Our helpful and capable staff invites you to contact us today to schedule an informative, half-hour, initial consultation with a tax attorney.
Our office is conveniently located in Denver, CO just off Interstate 25 and Colorado Boulevard. Our attorneys proudly represent clients throughout Central, Southern, and Northern Colorado, including the communities of Denver, Lakewood, Littleton, Thornton, Aurora, Colorado Springs, Boulder, Greeley, and Ft. Collins.
