Fox Valley IRS Payment Plans
Let our team assist you in establishing customized Fox Valley IRS Payment Plans to tackle any ongoing or potential concerns. Whether you’re dealing with a relatively small or substantial tax debt, we can coordinate with the IRS on your behalf to alleviate this financial burden.
We’re committed to efficiently and effectively resolving these matters, ensuring financial stability, and providing peace of mind. Our goal is to help you establish a payment plan that aligns with your financial situation and to ensure that you avoid any future tax filing issues or IRS complications.
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 comprehensively 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 tax 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 Fox Valley 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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