Tax Resolution Atlanta | IRS Tax Relief
Get into Compliance – and Stay in Compliance. We can help.
If you’ve received an IRS notice, don’t delay – contact us immediately. We can help you avoid potentially serious IRS collection activity.
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How We Can Help
“Our seasoned tax experts possess the expertise, resources and determination needed to negotiate with the IRS on your behalf. Our highly trained and certified staff will fight to get you the best possible resolution, so you only pay the IRS the minimum amount and not a penny more.”
Our Promise to You
EAS clients are entitled to receive services that meet the highest standards in the industry
EAS clients are entitled to clear and transparent expectations regarding our two-part process.
EAS clients are entitled to comprehensive and detailed review of their past, current and potential tax issues.
EAS clients are entitled to have their concerns understood and addressed promptly on any issue they encounter.
EAS clients are entitled to clear and logical communication that empowers them to make informed decisions.
EAS clients are entitled to expect confidentiality in all matters related to their case.
Understanding IRS Tax Resolution Practices
Resolving IRS issues can be overwhelming, but with professional assistance, you can regain control of your financial situation. At EAS Income Tax Services, we specialize in providing expert tax resolution services to individuals and businesses across Atlanta and nationwide. We help you stop IRS collection actions.
What Is IRS Tax Resolution?
IRS tax resolution involves addressing issues such as unpaid taxes, audits, or penalties. The goal is to negotiate a fair solution with the IRS while minimizing financial stress. Common practices include:
- Offer in Compromise (OIC): Settling your tax debt for less than the full amount owed.
- Installment Agreements: Setting up manageable monthly payments to pay off your tax bill.
- Penalty Abatement: Removing penalties due to reasonable cause.
- Currently Not Collectible (CNC): Temporarily pausing IRS collection activities if you’re facing financial hardship.
- Audit Representation: Providing expert support during an IRS audit.
Our team of Certified Tax Resolution Specialists and CPAs is equipped to handle these situations and more, ensuring you receive a tailored strategy to resolve your IRS issues effectively.
How EAS Income Tax Services Helps
As a trusted tax professional in Atlanta, EAS Income Tax Services works diligently to offer solutions that fit your unique needs. Here’s how we assist:
- Comprehensive Tax Review:
We analyze your tax records to identify potential errors or areas of concern. This step is essential for creating a clear plan to address your IRS problems. - Negotiation with the IRS:
Our Certified Tax Resolution Specialists have the expertise to communicate directly with the IRS, advocating for the best outcome on your behalf. Whether it’s securing an Offer in Compromise or setting up a payment plan, we handle the complexities for you. - Preventing Future Issues:
Resolving your tax problems is just the beginning. We provide guidance on staying compliant with IRS requirements, offering ongoing support through our Atlanta tax preparation services and accounting expertise.
Why Choose EAS Income Tax Services?
With a strong focus on personalized solutions, we combine professionalism and approachability. Our commitment to making the process stress-free sets us apart from other tax resolution services in Atlanta.
Whether you’re a business owner or an individual facing IRS challenges, our team is here to help. We offer reliable, expert assistance to resolve your tax problems, so you can focus on what matters most.
Your Trusted Partner in Tax Resolution
When you choose EAS Income Tax Services, you’re partnering with a firm that prioritizes your financial well-being. We take the time to understand your situation, crafting solutions that bring peace of mind.
If you need assistance with tax resolution or require a tax preparer in Atlanta, don’t wait to get help. Call us today at (404) 719-0330 or schedule a consultation through Calendly.
“Glen resolved our problem in a very short time. His knowledge, patience, agreeable nature and understanding of the issues made our problem insignificant. We’re indebted to Glen and EAS for prompt, courteous and knowledgeable service. We highly recommend Glen Graves!”
Sam O., Retired Film Director
Learn About Your Tax Resolution Options
Understanding IRS Payment Agreements
IRS Extension of Time to Pay
When a taxpayer owes taxes, the IRS typically postpones placing a tax lien or seizing property. However, the taxpayer may voluntarily pay the tax or establish payment arrangements. This approach allows taxpayers to address their outstanding tax liabilities without immediate legal consequences.
Facing enforcement action, they typically receive four computerized notices from the IRS. These notices are as follows:
CP14: This notice informs the taxpayer about the amount of tax owed and provides instructions on how to address the issue.
CP501: The CP501 notice serves as a reminder of the outstanding tax liability and emphasizes the importance of timely payment.
CP503: If the taxpayer fails to resolve the issue, the IRS sends a CP503 notice, indicating that immediate action is necessary.
CP504: The IRS issues a final warning before initiating enforcement actions such as liens or property seizures.
Read IRS Notices Thoroughly
Reading these notices is crucial to protect the taxpayer’s rights. EAS Tax Resolution Services can help you navigate these notices successfully. The IRS can help the taxpayer come into compliance and address their tax obligations by making arrangements. 📜💼
These arrangements include:
Installment Agreements
Full or partial payment
Offers in compromises and delaying collection until the taxpayer’s financial condition improves
Placing the account in currently not collectible (CNC) status
It’s crucial to focus on two key aspects, especially in the case of a serious delinquency (meaning the amount owed exceeds $250,000):
- Collection Status Expiration Date (CSED): The CSED represents the deadline by which the IRS can legally collect the outstanding tax debt. It’s essential to be aware of this date, as it determines when the IRS’s collection efforts expire.
- Lien Determinations: In such cases, the IRS may directly assign the case to an IRS Revenue Officer rather than handling it through the Automated Collection System (ACS). This personalized approach ensures a thorough evaluation.
Expert Accounting Services can help you set up your best payment plan.
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:
- Filed Tax Returns: The taxpayer must have filed all their tax returns.
- Received a Bill: They should have received a bill for at least one tax debt included in the offer.
- Estimated Tax Payments: You must make all required estimated tax payments for the current year.
- 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:
- 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.
- Tax Lien: If the taxpayer owes more than $10,000, the IRS will still file a federal tax lien, even during CNC status.
- Temporary Status: CNC status is temporary, and the IRS will periodically evaluate (usually annually) whether the taxpayer’s financial circumstances have changed.
- 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
This code section 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.
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