Question 1

How much does tax resolution help cost in East Ararat?

Accepted Answer

We offer free initial consultations to assess your specific situation before discussing any fees. Our pricing depends on the complexity of your case and the services you need.

Simple payment plan requests typically cost less than complex penalty abatement cases or audit representation. We're transparent about all costs upfront, so you'll know exactly what you're paying before we start any work.

Most clients find our fees are a fraction of what they save in penalties, interest, and reduced tax debt. We also offer payment plans for our services because we understand you're already dealing with financial stress.

Question 2

Can you really get IRS penalties removed completely?

Accepted Answer

Yes, in many cases we can get penalties reduced or completely removed through penalty abatement requests. The IRS has specific criteria for penalty relief, including first-time offender provisions and reasonable cause exceptions.

We've successfully removed thousands of dollars in penalties for clients who had valid reasons for late filing or payment. Common qualifying situations include illness, natural disasters, incorrect professional advice, or IRS processing delays.

However, every case is different. During your free consultation, we'll review your specific circumstances and let you know honestly what penalty relief options might be available for your situation.

Question 3

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

Accepted Answer

Unfiled returns are actually more common than you might think, especially among small business owners and self-employed individuals. The good news is that we can help you get caught up and compliant.

We'll prepare all your missing returns, often going back several years. Then we'll work with the IRS to establish a payment plan for any taxes owed. In some cases, you might even be entitled to refunds for some of those years.

The key is acting quickly. The longer you wait, the more penalties and interest accumulate. But once we file those returns and establish a payment arrangement, the IRS collection activity typically stops while you're in compliance with your agreement.

Question 4

How long does the tax resolution process usually take?

Accepted Answer

Simple cases like installment agreement requests often resolve within 30-60 days. More complex situations involving penalty abatement or offer in compromise can take 6-12 months or longer.

The timeline depends on several factors: how quickly we can gather your financial information, the complexity of your case, and current IRS processing times. We'll give you realistic expectations during your consultation.

What's important is that once we file the necessary paperwork, IRS collection activity typically stops. You get breathing room while we work on your permanent resolution, even if the process takes several months to complete.

Question 5

Do I qualify for an offer in compromise to settle for less?

Accepted Answer

Offers in compromise are available, but they're not as common as TV commercials make them seem. The IRS only accepts offers when they believe it's the most they can reasonably collect from you.

You might qualify if you have limited income, few assets, and circumstances that make it unlikely you'll ever be able to pay the full amount. We'll analyze your complete financial situation to determine if an offer makes sense.

If you don't qualify for an offer, don't worry. We have other options like installment agreements, currently not collectible status, or penalty abatement that might work better for your specific situation.

Question 6

What should I bring to my free consultation?

Accepted Answer

Bring any IRS notices or letters you've received, especially recent ones. Also bring copies of tax returns you have, W-2s, 1099s, and any other tax documents from recent years.

If you have financial information like bank statements, pay stubs, or business financial records, those can be helpful too. But don't let missing paperwork delay your consultation - we can help you gather what we need.

The most important thing is to come prepared to discuss your situation honestly. We need to understand your complete financial picture to recommend the best resolution strategy for your specific circumstances.

Tax Preparation East Ararat, PA