Carol Stream IRS Payment Plans
Allow our team to aid you in crafting tailored Carol Stream IRS payment plans designed to address existing or potential concerns. We will communicate with the IRS to alleviate this fiscal burden if you’re dealing with a modest or considerable tax debt.
Our unwavering commitment lies in efficiently resolving these affairs, securing financial stability, and giving you peace of mind. We aim to help you formulate a payment plan that harmonizes with your financial circumstances and shields you from future tax filing difficulties or IRS predicaments.
Our tax advisors can work with the IRS to get you on a simple, monthly payment plan to pay these back taxes over time. You may even qualify for an Offer in Compromise, making the payment of back taxes even more accessible.
Experienced Tax Advisors
Without the guidance of an experienced professional who understands the nuances of tax law, you may be burdened with hefty penalties and accumulating interest while trying to settle your back taxes. At our accounting firm, we take a proactive approach to assist you in establishing a manageable payment plan that not only eases the financial strain but also helps you steer clear of unnecessary penalties.
We understand that IRS issues can be a source of stress, and we’re here to provide you with guidance and support every step of the way. We go beyond merely setting up a payment plan to provide strategic insights and meticulous planning to minimize your overall tax liability.
Offer in Compromise
The IRS Code states: “We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code section 7122).
It is often possible to entirely and ultimately eliminate the taxes you or your Oswego business owe– including all penalties and interest– at an enormous discount. There is no preset bottom limit the IRS will accept to settle your debt, especially if your offer is constructed correctly.
If done correctly, your debt may be settled for only five to 15 percent of what you presently owe. The key is determining the least amount the IRS will accept from you before you make the offer. JSH accountants have the experience and tax accounting know-how to identify appropriate offers and correctly administer the process of doing so, saving you potentially thousands of dollars and resolving your IRS issues once and for all.
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