Chicagoland IRS Payment Plans
Given the complexity of tax laws and regulations, it’s crucial to have a knowledgeable professional to address current IRS issues and prevent potential ones. Our dedicated tax accounting firm is here to assist you in negotiating more manageable Chicagoland IRS payment plans while strategically helping you steer clear of unnecessary penalties.
With our expertise, you can confidently navigate the complexities of tax issues, ensuring a smoother path to financial stability. You can count on our seasoned specialists to work diligently on your behalf, whether you’re dealing with unfiled tax returns or have other tax-related concerns.
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
Navigating IRS payment plans for back taxes can be complex, but our team of experienced CPAs is here to simplify the process and provide expert guidance. Our skilled tax accounting experts deeply understand the intricacies of tax law, enabling us to identify potential deductions, credits, and strategies to reduce your overall tax liability.
We assist with back taxes and proactively explore opportunities to optimize your tax position. Our goal is to resolve your immediate tax issues and help you achieve long-term financial well-being through sound tax planning and compliance. With our comprehensive approach, you can take control of your tax situation and secure a more positive financial future.
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 Chicagoland 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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