Question 1

How much does tax resolution cost in Arlington Heights, PA?

Accepted Answer

The cost of tax resolution services varies significantly based on the complexity of your situation and the amount you owe. Most reputable tax resolution firms, including those serving Arlington Heights, offer free initial consultations to assess your case and provide transparent pricing.Simple cases involving penalty abatement or basic installment agreements typically cost between $1,500-$3,500. More complex situations requiring offers in compromise or extensive back tax filing can range from $3,500-$7,500 or more. However, the cost is often offset by the savings achieved through penalty reductions, interest abatements, and properly structured payment plans.Be wary of firms that quote prices over the phone without reviewing your case, or those that demand large upfront fees. Legitimate tax professionals will explain their fee structure clearly and ensure you understand exactly what services you're receiving for your investment.

Question 2

Can I really stop IRS collections immediately?

Accepted Answer

Yes, there are several legal methods to immediately stop IRS collection activities, but timing and proper execution are critical. The most common approach is filing for an installment agreement, which typically halts collection actions while your request is being processed.If you're facing immediate asset seizure, a Collection Due Process hearing request can provide immediate protection and give you time to explore resolution options. For businesses, filing currently not collectible status can temporarily stop collections if you can demonstrate financial hardship.However, these protections are temporary and must be followed by a permanent resolution strategy. Working with experienced tax preparers ensures you use the right approach for your specific situation and that all deadlines and requirements are met to maintain your protection from IRS collection activities.

Question 3

How long does it take to resolve tax problems with the IRS?

Accepted Answer

The timeline for tax resolution varies dramatically based on the complexity of your case and the resolution method chosen. Simple penalty abatement requests can be resolved in 30-60 days, while installment agreements typically take 60-120 days to finalize.Offers in compromise are the most time-consuming, often taking 12-18 months or longer to complete. This includes the initial application review, potential counteroffers, and final acceptance or rejection. Currently not collectible status can be established relatively quickly, usually within 30-60 days.The key factor is starting the process as soon as possible. Every day you wait, penalties and interest continue to accrue, making your situation more expensive and complex. Even if the final resolution takes months, beginning the process immediately can stop collection activities and provide peace of mind while the professionals handle your case.

Question 4

What happens if I haven't filed tax returns for several years?

Accepted Answer

Failing to file tax returns for multiple years creates a serious situation, but it's not insurmountable with proper professional help. The IRS typically requires the last six years of unfiled returns to be filed before they'll consider most resolution options, though this can vary based on your specific circumstances.The process involves gathering all necessary tax documents, reconstructing your financial information for missing years, and filing all delinquent returns simultaneously when possible. This approach prevents the IRS from filing substitute returns on your behalf, which almost always result in higher tax liabilities because they don't include deductions and credits you're entitled to claim.Once all returns are filed, you can then pursue resolution options like installment agreements or offers in compromise. Many clients are surprised to discover they actually owe less than expected, or in some cases, are entitled to refunds for certain years. The key is addressing all unfiled years comprehensively rather than trying to tackle them one at a time.

Question 5

Do you work with small businesses in Arlington Heights?

Accepted Answer

Yes, All County Tax Resolution specializes in helping Arlington Heights small businesses resolve complex tax situations. With over 270 entrepreneurs in the Arlington Heights area, we understand the unique challenges local business owners face with Pennsylvania's business tax requirements.Our business services include resolving payroll tax problems, filing delinquent business returns, negotiating business installment agreements, and handling sales tax compliance issues. We also assist with business tax preparation, quarterly estimated payments, and ongoing compliance to prevent future problems.Pennsylvania's business tax environment can be particularly challenging, with corporate income tax rates of 7.99%, various local requirements, and multiple filing deadlines throughout the year. Many Arlington Heights business owners struggle to keep up with these obligations while running their companies, which is why having experienced tax professionals handle these matters can be invaluable for both compliance and peace of mind.

Question 6

What's the difference between tax preparation and tax resolution?

Accepted Answer

Tax preparation involves filing current year tax returns and ensuring compliance with tax laws, while tax resolution focuses on solving existing tax problems like back taxes, IRS audits, liens, levies, and unfiled returns from previous years.Most tax preparers handle straightforward returns but aren't equipped to deal with complex IRS problems or negotiate with the agency on your behalf. Tax resolution requires specialized knowledge of IRS procedures, collection alternatives, and negotiation strategies that go far beyond basic tax preparation.If you're current with your tax filings and just need annual returns prepared, a regular tax preparer may be sufficient. However, if you're facing IRS notices, have unfiled returns, owe back taxes, or are dealing with collection activities, you need tax resolution services. All County Tax Resolution provides both services, ensuring clients can resolve past problems and maintain compliance going forward.

Tax Preparation Arlington Heights, PA