Expert Accounting Services provides tax preparation Atlanta near me, accounting services near me, and tax resolution services near me by a qualified Atlanta CPA.

Accounting Services | Atlanta CPA Firm

Personalized Accounting, Expert Tax Preparation & IRS Resolution

Resolving Taxes, Restoring Peace of Mind – Call (404) 719-0330 Today!

CPA Tax
Preparation

Affordable Tax Services. Accurate, Stress-Free Filing with Confidence.

INCOME TAX SERVICES

IRS Tax Relief
& Tax Resolution

Unfiled Taxes? IRS Notices? IRS Audit? Offer in Compromise? We Can Help.

TAX RESOLUTION

Self Employed Accounting Services

Affordable Accounting and Bookkeeping Support for Self-Employed Individuals.

ACCOUNTING SERVICES

If you’ve received an IRS notice, don’t delay – contact us immediately. We can help you avoid potentially serious IRS collection activity.

Schedule a Free 30 Minute Consultation

schedule
Better Business Bureau Accredited Business for tax preparation near me.
Excellent rated, top tier CPA firm in Atlanta with five star excellent reviews.

Recently Published Articles

Image of the greater metro area of Atlanta including Decatur, GA, and areas with tax services near me.

EAS – Atlanta’s Leading CPA Firm for Tax Preparation, Accounting Services and Tax Resolution

At EAS, we are dedicated to providing professional, reliable, and personalized financial services for individuals, families, small businesses, and self-employed professionals. Whether you need precise tax preparation in Atlanta, expert small business accounting, or nationwide IRS resolution services, our goal is to make every process seamless and stress-free. With decades of experience and a commitment to excellence, we empower you to achieve financial clarity and peace of mind.

Our team, led by Glen L. Graves II, an Atlanta CPA and Certified Tax Resolution Specialist, specializes in helping clients navigate the complexities of tax laws, resolve IRS issues, and manage their financial goals. As a trusted name in the industry, EAS Income Tax Services stands out as Atlanta’s go-to firm for tax preparation, accounting, and IRS tax resolution.

We understand that tax preparation and IRS issues can be daunting. That’s why our experienced team takes the stress out of the equation. Whether you’re filing a straightforward or highly complex tax return, need bookkeeping services for your small business, or require assistance resolving IRS problems, we’re here to help with personalized solutions that work for you.

Our proven track record of success and client satisfaction speaks volumes. From securing favorable IRS resolutions to providing expert tax services in Atlanta, we’re committed to delivering the best possible outcomes.

With EAS Income Tax Services, you’ll have the expertise of a Certified Tax Resolution Specialist by your side. Let us help you achieve peace of mind and a clear path forward.

Stress-Free Process: Taxes don’t have to be overwhelming. We handle the details so you can focus on what matters most. With EAS, you’ll have the expertise of a Certified Tax Resolution Specialist by your side. Let us help you achieve peace of mind and a clear path forward.

Glen was very communicative, understood my needs, provided clarity and valuable information and we are continuing to work together moving forward! Can’t describe the value of knowing my taxes are being done right. So grateful and would recommend to anyone! Thanks Glen!

— Shay Dominguez, Comedian
Clients report that they are pleased with the services provided by cpa experts.

Comprehensive Services to Meet Your Needs

Professional Tax Preparation Services in Atlanta

Filing taxes can be overwhelming for individuals and businesses alike. At EAS Income Tax Services, we simplify the process, ensuring compliance, accuracy, and maximum tax savings. We specialize in tax preparation in Atlanta for individuals, families, and businesses, with a focus on minimizing liabilities and maximizing refunds.

Tax Preparation Services We Offer:

  • Individual Tax Returns: Whether you’re a homeowner, retiree, or gig worker, we’ll prepare and file your personal tax return accurately and on time. We help you take advantage of all eligible deductions to keep more money in your pocket.
  • Small Business Tax Preparation: From LLCs to S-Corps, our tax experts manage the complexities of business filings, ensuring compliance while optimizing deductions to save you money.
  • Self-Employed Tax Support: Independent contractors, consultants, and freelancers face unique challenges. Our team ensures you remain compliant while maximizing tax benefits for your business.
  • Tax Planning Services: Stay ahead of tax season with proactive, year-round planning. We identify strategies to minimize your tax burden and improve your financial health.

For Atlanta CPA tax services, and Atlanta tax preparation you’ve come to the right place. We’ve got you covered.

Why Choose Expert Accounting Services?

Certified Expertise

Having certified expertise on your side is crucial when navigating the complexities of tax law and IRS procedures. At EAS, our firm is led by Glen L. Graves II, an Atlanta-based CPA and Certified Tax Resolution Specialist with nationwide recognition. His advanced certifications and decades of experience ensure that every client receives accurate, professional, and reliable service tailored to their unique financial needs.

Certified professionals like Glen have in-depth training in tax laws, accounting principles, and resolution strategies, equipping them to handle even the most challenging IRS issues. Whether you’re facing an audit, resolving back taxes, or seeking penalty abatement, a Certified Tax Resolution Specialist provides a level of expertise and precision that guarantees your case is handled with the utmost care and competence.

Choosing a certified expert also means working with someone who is held to the highest ethical and professional standards. Glen’s status as a CPA and Certified Tax Resolution Specialist assures that you’re not just getting a service provider but a trusted partner committed to protecting your financial future. When accuracy, compliance, and results matter, certified expertise makes all the difference.

2024 EAS Pricing Guide

VIEW

Personalized Solutions

Personalized solutions are the cornerstone of effective tax and financial services. At EAS, we understand that no two clients have the same circumstances, financial goals, or challenges. That’s why we take a customized approach to every case, ensuring that our solutions are tailored to your unique situation.

Whether you’re navigating personal taxes, addressing complex IRS issues, or managing small business finances, a one-size-fits-all strategy simply won’t work. Our team takes the time to understand your specific needs, from reviewing your financial history to identifying the best opportunities for savings, compliance, or resolution. This personalized attention ensures that every decision aligns with your goals and leads to the best possible outcome.

Tailored solutions also mean we’re prepared to adapt as your financial situation evolves. Whether you need proactive tax planning, IRS problem resolution, or ongoing accounting support, our customized strategies grow with you, providing lasting benefits and peace of mind. At EAS Income Tax Services, our commitment to personalization is what sets us apart and ensures that every client feels valued, understood, and confident in their financial future.

Local Service with Nationwide Reach

Local service with a nationwide reach ensures that no matter where you’re located, EAS Income Tax Services can provide the expertise and support you need. Based in Atlanta, we proudly serve local communities, including Decatur, Sandy Springs, Brookhaven, Tucker, and the surrounding metro area. Our roots in the region mean we understand the specific needs and challenges faced by individuals and businesses in our community.

At the same time, our IRS tax resolution services extend across the country, offering trusted expertise to clients nationwide. Whether you’re dealing with back taxes, an audit, or wage garnishments, you can rely on us to provide the same personalized care and professional attention we give to our local clients.

Our nationwide reach allows us to handle even the most complex tax issues, regardless of your location, using advanced technology and seamless communication to keep you informed and supported throughout the process. Whether you need help locally or across state lines, EAS Income Tax Services ensures that top-tier, certified expertise is always within your reach.

If you’re searching for tax resolution services in Atlanta or Nationwide, a Certified Tax Resolution Specialist, or help with back taxes or tax return preparation services, look no further. EAS is your trusted partner for solving even the toughest tax problems

2024 Tax Information Guide

VIEW

Proven Results

Proven results are what set EAS Income Tax Services apart as a trusted leader in tax resolution, preparation, and accounting. We are committed to achieving the best possible outcomes for every client, no matter the complexity of their financial situation. From resolving challenging IRS issues to maximizing tax refunds, our track record speaks to the effectiveness of our strategies and the dedication of our team.

Our success is built on a combination of certified expertise, personalized solutions, and an unwavering focus on results. Whether we’re negotiating with the IRS to reduce tax debt, defending clients in audits, or uncovering opportunities for savings during tax preparation, our goal is always to deliver outcomes that provide financial relief and peace of mind.

Clients consistently trust us because we don’t just promise results—we deliver them. Through meticulous attention to detail and a tailored approach, we’ve helped individuals and businesses achieve compliance, eliminate penalties, and improve their financial health. At EAS Income Tax Services, proven results are more than a standard; they’re the foundation of our reputation and the reason clients return year after year.

Stress-Free Process

A stress-free process is at the heart of everything we do at EAS. We know that taxes, accounting, and IRS issues can be overwhelming, which is why we take care of every detail to ensure the process is as smooth and hassle-free as possible. From the moment you work with us, our experienced team handles the complexities on your behalf, allowing you to focus on what truly matters in your life or business.

Whether it’s preparing accurate tax filings, negotiating with the IRS, or managing small business finances, we take the burden off your shoulders. Our clear communication and organized approach mean you’re never left in the dark—we keep you informed without adding to your stress.

By combining certified expertise with personalized solutions, we simplify even the most challenging tax and financial situations. At EAS Income Tax Services, we’re here to eliminate the confusion and worry, so you can move forward with confidence and peace of mind, knowing your finances are in expert hands.

$1,000,000 Tax Audit Defense™

Don’t lose sleep over an IRS Tax Audit. We include Protection Plus $1 Million tax audit defense for every 1040 return filed to offer you peace of mind even after successfully filing your return.

Identity Theft Restoration

Protection Plus will assist with recovering your identity after an identity theft incident. Your financial information matters, and we’re here to ensure you are well-supported no matter what comes your way.

Who We Serve

Individuals and Families

Whether you’re filing a straightforward tax return or dealing with complex tax challenges, EAS Income Tax Services offers expert guidance tailored to your specific needs. We ensure accuracy, maximize deductions, and provide peace of mind, so you can focus on what matters most.

Small Businesses and Startups

Running a small business requires juggling countless responsibilities, but your taxes and finances don’t have to be one of them. We specialize in tax preparation, accounting, and compliance, empowering you to focus on growing your business while we handle the details.

Self-Employed Professionals

Freelancers, independent contractors, and gig workers face unique tax and financial challenges. At EAS Income Tax Services, we provide the specialized support you need, from managing quarterly estimated taxes to maximizing deductions, ensuring your finances are in expert hands.

Nationwide Clients with IRS Issues

IRS problems can feel overwhelming, but no matter where you are in the United States, EAS Income Tax Services is here to help. Our nationwide IRS resolution services deliver personalized strategies and expert representation, giving you the confidence and peace of mind to move forward.

Proudly Serving Atlanta Metro and Beyond

We’re located in Decatur, GA, and proudly serves clients throughout the Atlanta metro area, including Decatur, Sandy Springs, Buckhead, Brookhaven, Tucker, Marietta, Smyrna, Alpharetta, Snellville, and more. For clients facing IRS problems, our tax resolution services extend nationwide, making us the trusted choice for taxpayers across the country.

CPA Tax Services Atlanta

At EAS, we provide comprehensive, stress-free support for individuals and businesses, ensuring your financial needs are met with precision and care. From expert tax preparation to year-round tax planning and IRS resolution, we’ve got you covered every step of the way.

Facing Tax Issues? We’ve Got You Covered.

  • Amended or Unfiled Returns: Don’t let past tax issues weigh you down. We’ll handle these with ease, ensuring everything is corrected and filed accurately.
  • State Tax Returns Included: When we prepare your federal return, your state filings are included at no extra charge, saving you both time and money.

Our Services Include:

  • Accurate Tax Preparation: Whether for individuals or businesses, we ensure your returns are filed correctly and on time, so you never have to worry about compliance.
  • Transparent Flat-Rate Pricing: Say goodbye to hidden fees. With our straightforward pricing, you’ll know exactly what to expect upfront.
  • Free Year-Round Consultations: Enjoy access to expert advice whenever you need it. Our experienced CPA is here to answer your questions and provide guidance all year long.
  • Guidance for Complex Tax Issues: Facing audits, tax debt, or other challenges? Let us help you navigate even the toughest tax situations with confidence.
  • Quarterly Tax Estimates: Self-employed? Running a small business? We’ll help you plan and calculate your quarterly tax payments to stay ahead of IRS deadlines.

Is the IRS Taking Too Much of Your Hard-Earned Money?

We believe you deserve to keep more of what you earn. At EAS Income Tax Services, we specialize in strategies to reduce your tax burden, maximize deductions, and plan for a secure financial future.

Expertise You Can Trust: With a Certified Public Accountant (CPA) and Certified Tax Resolution Specialist leading the way, we provide the highest level of professional service. Let us take the hassle out of taxes and help you achieve financial peace of mind.

IRS tax relief services including offer in compromise can help you get your finances back on track.

Tax Resolution Services

GET INTO COMPLIANCE – AND STAY IN COMPLIANCE

At EAS, we specialize in helping individuals and businesses resolve tax issues and secure IRS tax relief. Our experienced team will guide you through every step, from assessing your eligibility for relief programs to implementing solutions tailored to your needs. Here’s how we can assist you:

With EAS Income Tax Services, you’ll have the expertise of a Certified Tax Resolution Specialist by your side. Let us help you achieve peace of mind and a clear path forward.

Stress-Free Process: Taxes don’t have to be overwhelming. We handle the details so you can focus on what matters most. With EAS, you’ll have the expertise of a Certified Tax Resolution Specialist by your side. Let us help you achieve peace of mind and a clear path forward.

Accounting Services Atlanta

We’re here to simplify your accounting needs so you can focus on what you do best—running your business. Whether you’re self-employed or a small business owner, our comprehensive accounting services are designed to save you time, reduce stress, and ensure your finances are always in order. Here’s how we can help:

  • Online Bookkeeping System: We’ll help you establish a reliable online bookkeeping system tailored to your business needs, giving you easy access to your financial information anytime, anywhere.
  • Payroll Setup: From creating a streamlined payroll process to ensuring compliance with tax regulations, we’ll set up your payroll system to keep your team paid accurately and on time.
  • Monthly Bookkeeping Assistance: Staying on top of your books is essential. Let us handle the details with professional monthly bookkeeping services, so your records stay accurate and up to date.
  • Financial Statements and Cash Flow Reports: We’ll prepare clear, accurate financial statements and cash flow reports, giving you valuable insights into your business’s performance and helping you plan for the future.
  • Internal Controls Review and Advice: Effective internal controls protect your business. We’ll review your existing processes and offer expert recommendations to improve efficiency and reduce risks.
  • New Business Planning and Startup Support: Starting a new business? We’ll guide you through the process, from choosing the right business structure to creating a solid financial foundation for success.
  • Business Tax Return Preparation: Simplify tax season with our expert business tax preparation services. We’ll ensure your returns are accurate and filed on time, minimizing stress and maximizing savings.
  • BOI Reporting Assistance: Navigating Beneficial Ownership Information (BOI) reporting requirements can be complex. We’ll provide guidance and support to ensure you meet all regulatory obligations.

Personalized Support: Every client is unique, and so are our solutions. We tailor our approach to meet your specific needs. We combine professional expertise with personalized service to deliver accounting solutions that meet your unique needs. Contact us today to discuss how we can support your business!

Accounting services Atlanta, find affordable accounting and tax services at EAS.
Image of tax resolution and accounting services provided by a certified public accountant.

Tax Resolution Services

Certified Tax Resolution Services – Atlanta and Nationwide

IRS issues can disrupt your life, but they don’t have to. At EAS Income Tax Services, we specialize in providing expert tax resolution services to help you overcome IRS challenges with ease. Our Certified Tax Resolution Specialists work directly with the IRS to secure favorable outcomes for our clients.

Tax Resolution Services We Offer:

  • Back Taxes Relief: Owing back taxes can lead to escalating penalties, interest, and stressful IRS collection actions, but EAS Income Tax Services provides expert solutions to help individuals and businesses regain financial stability. From filing missing returns and negotiating installment plans to pursuing penalty abatement and Offers in Compromise, our Certified Tax Resolution Specialists tailor strategies to resolve your tax debt effectively and affordably.
  • Resolve IRS Notices. Receiving an IRS notice can be intimidating, but EAS Income Tax Services offers expert guidance to help you address the issue quickly and effectively. Whether it’s responding to an audit, correcting errors, or resolving discrepancies, our team communicates directly with the IRS on your behalf to protect your rights and achieve the best possible outcome.
  • Offer in Compromise: An Offer in Compromise (OIC) is a valuable IRS program that allows taxpayers to settle their tax debt for less than the full amount owed, providing much-needed financial relief. At EAS Income Tax Services, we specialize in tax resolution services for clients in Atlanta and nationwide, guiding you through the OIC process with precision to maximize your chances of approval.
  • IRS Audit Defense: An IRS audit can be overwhelming, but EAS Income Tax Services provides expert IRS audit defense to protect your rights and minimize the impact on your finances. Our experienced team works directly with the IRS, handling every aspect of the audit process to ensure compliance and achieve the best possible outcome. If you’re looking for tax resolution, tax services Atlanta, or a tax professional in Atlanta, we are here to deliver the trusted support you need during an audit.
  • Wage Garnishment Assistance: IRS wage garnishments can severely impact your financial stability, but EAS Income Tax Services offers expert wage garnishment assistance to help you regain control. Our team works directly with the IRS to stop or reduce garnishments, negotiate affordable payment plans, and protect your income.
  • Tax Penalty Abatement: Tax penalties can quickly add up, but EAS specializes in tax penalty abatement to help reduce or eliminate these charges. Our experts work with the IRS to address the root causes of your penalties, negotiating relief and guiding you toward compliance.
  • Installment Agreements: If paying your full tax debt upfront isn’t feasible, EAS Income Tax Services can help you set up an affordable IRS installment agreement. Our experts negotiate manageable payment plans tailored to your financial situation, allowing you to resolve your tax debt without overwhelming strain.

If you’re searching for tax resolution services in Atlanta or Nationwide, a Certified Tax Resolution Specialist, or help with back taxes or tax return preparation services, look no further. EAS is your trusted partner for solving even the toughest tax problems

Small Business Accounting Services

Running a small business comes with unique challenges. At EAS Income Tax Services, we help entrepreneurs, startups, and established businesses by providing reliable financial support. Our accounting services in Atlanta are designed to simplify your operations and free up your time to focus on growth.

Accounting Services We Offer:

Small Business Consulting: From managing costs to planning for growth, we provide strategic advice to improve profitability and operational efficiency.

Bookkeeping Services: Keeping your financial records organized is critical to your business’s success. We offer monthly, quarterly, and annual bookkeeping tailored to your needs.

Payroll Processing: Simplify payroll with our comprehensive services, including payroll tax filing, direct deposit, and compliance.

Financial Statement Preparation: Understand your business’s performance with detailed financial reporting that provides insights into revenue, expenses, and profitability.

Certified Expertise

Having certified expertise on your side is crucial when navigating the complexities of tax law and IRS procedures. At EAS, our firm is led by Glen L. Graves II, an Atlanta-based CPA and Certified Tax Resolution Specialist with nationwide recognition. His advanced certifications and decades of experience ensure that every client receives accurate, professional, and reliable service tailored to their unique financial needs.

Certified professionals like Glen have in-depth training in tax laws, accounting principles, and resolution strategies, equipping them to handle even the most challenging IRS issues. Whether you’re facing an audit, resolving back taxes, or seeking penalty abatement, a Certified Tax Resolution Specialist provides a level of expertise and precision that guarantees your case is handled with the utmost care and competence.

Choosing a certified expert also means working with someone who is held to the highest ethical and professional standards. Glen’s status as a CPA and Certified Tax Resolution Specialist assures that you’re not just getting a service provider but a trusted partner committed to protecting your financial future. When accuracy, compliance, and results matter, certified expertise makes all the difference.

Image of a tree representing financial health and well being.

Take Control of Your Finances Today

Don’t let tax or IRS problems hold you back. At EAS, we provide professional, precise, and personalized services to help you achieve financial clarity and peace of mind.

Contact Us Today:

  • Call (404) 719-0330 to speak with a trusted Atlanta CPA.
  • Email us at GLG@EAS.tax inquiries or to schedule an appointment.
  • Book a free 30-minute consultation online through Calendly.

Let us handle your tax and financial needs with expertise, care, and professionalism.

If you know anyone in need of assistance with an IRS problem, please have them call us at (404) 719-0330, or send us an email at GLG@EAS.tax.

Learn More About IRS Tax Resolution Options

Understanding IRS Payment Agreements

IRS Extension of Time to Pay

When dealing with unpaid taxes, it’s crucial to understand the IRS processes and options available for resolving tax liabilities. The IRS often provides an Extension of Time to Pay, allowing taxpayers to avoid immediate legal actions such as tax liens or property seizures. With the right guidance, you can handle these tax issues without unnecessary stress.

Read IRS Notices Thoroughly

Reading IRS notices is crucial to protect the taxpayer’s rights. EAS Tax Resolution Services can help you successfully navigate these notices. We can help you come into compliance and address tax obligations by making arrangements with the IRS.

Understanding IRS Notices

CP14: Informs you of the amount owed and offers initial steps to address the liability.

CP501: Acts as a reminder of the outstanding balance, emphasizing the importance of timely payment.

CP503: Signals urgency, highlighting the need for immediate action to avoid further complications.

CP504: A final warning notice before the IRS initiates serious enforcement actions like liens or property seizures.

Available IRS Payment Arrangements Include:

  • Installment Agreements: Spread payments over time to manage the debt more comfortably.
  • Full or Partial Payment: Options to clear or reduce the outstanding amount based on financial capability.
  • Offers in Compromise: Negotiate a settlement for less than the full amount owed.
  • Currently Not Collectible (CNC) Status: Temporarily halt collection efforts due to financial hardship.

Key Considerations for Serious Delinquency

If your tax debt exceeds $250,000, there are two critical aspects to keep in mind:

  • Collection Status Expiration Date (CSED): This date marks the expiration of the IRS’s ability to collect on your debt. Understanding this timeline can be pivotal in planning your strategy.
  • Lien Determinations: For serious delinquency cases, the IRS may assign a Revenue Officer instead of handling the case through their Automated Collection System (ACS). This means a more in-depth, personalized evaluation of your tax situation.

Why Choose EAS Income Tax Services?

At EAS Income Tax Services, we specialize in tax resolution, providing expert guidance in setting up the best payment plans and resolving tax issues efficiently. As your go-to Atlanta tax accountant, we make the process straightforward, giving you peace of mind and a clear path forward.

If you or someone you know needs help with an IRS problem, contact us at (404) 719-0330.

Short-term Extension of Time of Pay

Short-Term Extension of Time to Pay

The IRS will grant up to 180 days to pay liability in full.

To request an extension, individuals have two options:

Online Payment Agreement Tool: Taxpayers can use this online tool to set up an extension. It’s a convenient way to arrange for additional time to pay taxes. Unlike installment agreements, this type of extension has no setup fee.

Phone Call to the IRS: Alternatively, taxpayers can call the IRS to request an extension. Speaking directly with an IRS representative allows for personalized assistance.

Benefits of this extension:

Reduced Penalties and Interest: Taxpayers who opt for this extension typically pay lower penalties and interest compared to other methods.

Qualification Criteria: To qualify, a taxpayer must owe less than $100,000 in combined tax, penalties, and interest.

Hardship Extension of Time to Pay

Hardship Extension of Time to Pay

Under the IRS Fresh Start Initiative, individuals who find themselves in a situation where they would need to sell property at a reduced price if they paid the tax on time (or face similar undue hardship) can request an extended time to pay. As part of this initiative, the IRS may waive late-payment penalties for those who qualify.. It’s a helpful option for those facing financial challenges. 🌟🏦

File Form 1127, Application for Extension of Time for Payment of Tax Due to Undue Hardship. The back of the application lists the conditions for granting extensions under Sec. 6161. Interest still accrues.

If you’re having a hardship, a tax resolution solution may be your best option.

Offer in Compromise (OIC)

Offer in Compromise

An Offer in Compromise (OIC) is a form of IRS Tax Relief which is part of the IRS Fresh Start Program. It’s an arrangement that permits a taxpayer to settle their debt for an amount less than what they owe. The Internal Revenue Service (IRS) grants this relief only if the offer represents the maximum amount they can reasonably expect to collect from the taxpayer within a specific period. To learn more about the necessary forms, user fees, and other terms, refer to Form 656-B Booklet, Offer in Compromise. Keep in mind that the IRS may extend the statutes of limitations and file a federal tax lien as part of the OIC process..

To be eligible for an Offer in Compromise (OIC), the taxpayer must meet the following criteria:

  1. Filed Tax Returns: The taxpayer must have filed all their tax returns.
  2. Received a Bill: They should have received a bill for at least one tax debt included in the offer.
  3. Estimated Tax Payments: You must make all required estimated tax payments for the current year.
  4. Business Owners with Employees: If the taxpayer is a business owner with employees, they must have made all required federal tax deposits for the current quarter and the two preceding quarters.

Payment Options for OICs include:

  • Lump Sum Cash Offers: Paying a reduced amount in a single payment.
  • Periodic Payment Offers: Spreading payments over a period of time.

Remember that participating in an OIC may extend the statutes of limitations, and the IRS might file a federal tax lien as part of the process.

EAS Tax and Accounting Services can help you make your best tax resolution offer.

Currently Not Collectible (CNC) Status

Currently Not Collectible Status

When a taxpayer faces financial hardship and cannot afford to pay both their owed taxes and basic living expenses, the IRS may place their account in Currently Not Collectible (CNC) status. Here are the key points:

  1. CNC Status: The IRS agrees that the taxpayer’s financial situation prevents them from making payments. While in CNC status, the IRS will cease collection activity.
  2. Tax Lien: If the taxpayer owes more than $10,000, the IRS will still file a federal tax lien, even during CNC status.
  3. Temporary Status: CNC status is temporary, and the IRS will periodically evaluate (usually annually) whether the taxpayer’s financial circumstances have changed.
  4. Penalties and Interest: Despite being in CNC status, penalties and interest will continue to accrue.

Expert Accounting Services can help you find your best tax resolution solution.

Installment Agreements

IRS Installment Agreements

Section 6159 authorizes the IRS to establish written agreements with taxpayers.

These agreements allow taxpayers to make installment payments toward their tax liabilities. The IRS makes this determination based on whether such an agreement will facilitate full or partial collection of the liability.

Taxpayers have several options for installment agreements:

Guaranteed Installment Agreement: Qualifying taxpayers can set up a guaranteed installment plan.

Discretionary Installment Agreements: Categorized into:

Streamlined Installment Agreement: For straightforward cases.

In-Business Trust Fund Express Installment Agreement: Designed for businesses.

Regular Installment Agreement

A more flexible option.

Remember that these agreements help manage tax payments over time, but it’s essential to understand the terms and conditions associated with each type.

To set up an installment agreement with the IRS, you have several options:

Online Payment Agreement Tool: Utilize the Online Payment Agreement Tool available on the IRS website.

Form 9465: File Form 9465, which is the Installment Agreement Request for individuals.

Form 433-D: Alternatively, you can use Form 433-D, which is specifically for installment agreements.

Contact the IRS: Give them a call to discuss your situation and explore payment options.

Written Communication: You can also write to the IRS.

Keep in mind that there is a setup fee, and in some cases, you may need to submit a financial statement. Make sure to follow the appropriate steps based on your circumstances.

Section 6331 of the Internal Revenue Code states that the IRS cannot carry out a levy (seizure of assets) while certain installment agreements are pending or in effect. The determination of whether to file a federal tax lien depends on the dollar amount of the liability. If a taxpayer submits an offer in compromise or their account is placed into uncollectible status, the IRS may file a federal tax lien.

For certain taxpayers who enter into installment agreements on timely filed returns, the IRS reduces the failure-to-pay penalty from half a percent to a quarter percent per month for any month in which an installment agreement is in effect. However, if the agreements are terminated, penalties increase to one-half percent.

Remember that these provisions aim to balance taxpayer obligations while ensuring efficient tax collection.

Additionally, if a taxpayer appeals an installment agreement rejection or termination, the IRS suspends the collection period from the time the appeal is pending until the decision becomes final.

Tax Compliance Requirement:

Before approving an installment agreement, taxpayers must be in tax compliance.

Compliance includes filing tax returns and paying estimated taxes and federal tax deposits.

These obligations must be current from the date the installment agreement begins.

If it’s likely that a taxpayer will owe taxes at the end of the year, the accrued liability may be included in the agreement.

Pending Installment Agreement Requests:

When a taxpayer requests an installment agreement, the running of the Collection Expiration Statute Date (CESD) is suspended.

The request remains pending until it is reviewed, approved, and an installment agreement is established, or the request is withdrawn or rejected. Rely on our tax resolution services to help you negotiate your best agreement.

If the requested installment agreement is rejected, the running of the collection period is suspended for 30 days.

Default and Termination:

Guaranteed Installment Agreement

Guaranteed Installment Agreement

Under certain conditions, Section 6159(c) mandates that the IRS must accept installment payment proposals if the taxpayers are individuals who:

  • Owe only income tax of $10,000 or less (excluding penalties and interest);
  • Have not failed to file any income tax returns or to pay any tax shown on such returns in any of the previous five taxable years;
  • Have not entered into an installment agreement in any of the previous five taxable years; and
  • Commit to fully paying the tax liability within three years.
Discretionary Installment Agreements

Discretionary Installment Agreements

1. Streamlined Installment Agreement

Taxpayers can find relief under the following conditions:

The total of tax liability, interest, and penalties does not surpass $50,000.

The balance is payable within 72 months or by the Collection Statute Expiration Date (CSED), whichever comes first.

  • The taxpayer has consistently filed all required income tax returns.

The suggested payment amount meets or exceeds the “minimum acceptable payment,” which is the larger of $25 or the sum obtained by dividing the tax liability, interest, and penalties by 72.

No financial statement is necessary, and no lien determination is made.

2. In-Business Trust Fund Express Installment Agreement

In-business trust fund express installment agreements can be approved under the following conditions:

The total assessed tax liability, including interest and penalties, does not exceed $25,000. This excludes unassessed accrued penalties and interest.

The taxes must be paid in full within 24 months or before the Collection Statute Expiration Date (CSED), whichever comes first.

A financial statement is not required. However, if the owed amount is between $10,000 and $25,000, the taxpayer is obligated to enter into a direct debit installment agreement.

There is no requirement for a lien determination. Refer to IRM 5.12.2.3.1 for more information.

EAS tax resolution services can help you negotiate your best installment agreement.

3. Regular Installment Agreement

Regular installment agreements are used when the taxpayer doe not qualify for any of the above. For an individual taxpayer, this typically means the taxpayer owes more than $50,000 and needs longer than 72 months to payoff the liability.

The IRS may file a federal tax lien to protect its interest in collecting the debt.

Certain qualified individual taxpayers who owe less than $250,000 may set up an IA without providing a financial statement or substantiation if their monthly payment proposal is sufficient.

Negotiation your best tax resolution solution with Expert Accounting Services.

Partial Payment Installment Agreement

Partial Payment Installment Agreement

If full payment cannot be achieved by the CSED, and the taxpayer has some ability to pay, they can apply for a partial-payment installment agreement. The taxpayer must complete a full collection information statement and submit Forms 433-A and/or 433-B to determine their ability to pay.

There is a lien determination. A partial payment agreement may be your best tax resolution.

Tax Resolution Atlanta | IRS Tax Relief
Tax Services Atlanta | CPA Tax Prep