Question 1

How much does tax resolution cost in New Milford, PA?

Accepted Answer

The cost depends entirely on your specific situation and the complexity of your tax problems. Simple payment plan setups cost less than resolving multiple years of unfiled returns with penalties and interest. We provide transparent pricing upfront after your free consultation, so you know exactly what you're investing before any work begins. Most clients find that professional resolution actually saves money compared to trying to handle IRS negotiations themselves. Many people end up paying more in penalties and interest by delaying professional help than they would have spent on proper representation from the start.

Question 2

Can you really reduce or eliminate IRS penalties and interest?

Accepted Answer

Yes, but it depends on your circumstances and the specific penalties involved. The IRS has programs for penalty abatement, especially for first-time offenders or those who can demonstrate reasonable cause for their tax problems. Interest is harder to eliminate, but penalties can often be reduced significantly if you have a legitimate reason for non-compliance, such as serious illness, natural disasters, or other circumstances beyond your control. The key is presenting your case properly with the right documentation and legal arguments. Most people don't know these options exist or how to request them effectively.

Question 3

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

Accepted Answer

The IRS will eventually file substitute returns for you, but these are always calculated to maximize your tax liability without any deductions or credits you might be entitled to claim. The first step is getting compliant by filing all missing returns with proper deductions and credits. This often reduces your actual tax debt significantly compared to what the IRS calculated on your behalf. Then we can work on resolving the remaining balance through payment plans, offers in compromise, or other resolution options. But you can't negotiate effectively until you're current with all required filings.

Question 4

How long does the tax resolution process typically take?

Accepted Answer

Simple cases like basic payment plan requests can be resolved in a few weeks. Complex situations involving multiple years, business taxes, or offers in compromise can take several months to over a year. The IRS has specific timeframes they must follow, but they're also notoriously slow. Having professional representation helps move things along because we know how to communicate effectively with IRS personnel and avoid common delays. Most clients see some relief within the first 30-60 days, even if the full resolution takes longer. This might include stopping collection actions or getting breathing room to address the underlying issues.

Question 5

Do you handle both personal and business tax problems?

Accepted Answer

Yes, we handle both individual and business tax resolution. Many New Milford clients have both personal and business tax issues that are interconnected, especially sole proprietors and small business owners. Business tax problems often involve payroll tax issues, which the IRS treats very seriously. These require immediate attention because the penalties are severe and the IRS has broader collection powers for business taxes. We understand how personal and business tax problems affect each other and can develop comprehensive strategies that address both simultaneously rather than treating them as separate issues.

Question 6

What should I do if the IRS is threatening to seize my assets?

Accepted Answer

Contact us immediately. Once the IRS issues a final notice of intent to levy, you have only 30 days to respond before they can seize bank accounts, wages, or other assets. We can often stop collection actions quickly by requesting a collection due process hearing or negotiating immediate relief while working on a long-term solution. But timing is critical - the sooner you act, the more options you have. Don't ignore IRS notices hoping they'll go away. The IRS has extraordinary collection powers, and they will use them if you don't respond appropriately to their communications.

Tax Preparation New Milford, PA