Question 1

What should I do if I haven't filed tax returns in several years?

Accepted Answer

Don't panic, but don't wait any longer either. The IRS has a six-year statute of limitations for criminal prosecution, but they can assess penalties and interest indefinitely on unfiled returns.Start by gathering all your financial records - W-2s, 1099s, bank statements, business records. If you're missing documents, we can help you obtain transcripts directly from the IRS. We'll prepare and file all delinquent returns, often reducing penalties through first-time abatement or reasonable cause provisions.The key is filing accurate returns that tell your complete financial story. This positions you for the best possible resolution of any resulting tax debt.

Question 2

How much does tax resolution cost compared to what I owe?

Accepted Answer

Our fees are typically a fraction of what you'll save through proper resolution. Most clients save thousands in penalties and interest, plus avoid the stress and potential asset seizure that comes with unresolved tax problems.We offer transparent pricing with no hidden fees. If you engage our services, we credit 100% of your consultation fee toward the resolution work. Many clients qualify for payment plans that make our services affordable even when money is tight.Consider this: the IRS adds penalties and interest every month you delay. Professional representation often pays for itself just in penalty reductions and interest savings.

Question 3

Can you help with both IRS and Pennsylvania state tax problems?

Accepted Answer

Absolutely. We handle federal, state, and local tax issues throughout Pennsylvania. State tax problems can be just as serious as IRS issues - Pennsylvania has aggressive collection procedures and can garnish wages, levy bank accounts, and place liens on property.We work with the Pennsylvania Department of Revenue regularly and understand their specific procedures and resolution options. Whether you're dealing with corporate income tax, sales tax audits, or employment tax issues, we know how to navigate both systems effectively.Having one firm handle all your tax problems ensures consistent strategy and prevents conflicts between different resolution approaches.

Question 4

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

Accepted Answer

Tax preparation is filing your annual returns - what most people think of as "doing taxes." Tax resolution is solving problems after something goes wrong - dealing with audits, collection actions, unfiled returns, or disputed tax bills.Many tax preparers can handle routine filings but lack the specialized knowledge needed for complex tax problems. Tax resolution requires understanding IRS procedures, negotiation strategies, and the various relief programs available to taxpayers.We handle both services because they often overlap. Sometimes tax problems stem from preparation errors, and good resolution work includes ensuring future compliance through proper preparation and planning.

Question 5

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

Accepted Answer

Timeline depends on the complexity of your situation and which resolution strategy we pursue. Simple payment plans can be set up within weeks, while offers in compromise may take 6-12 months for IRS review and approval.Currently not collectible status can provide immediate relief from collection activities while we work on a long-term solution. Penalty abatements often resolve within 30-60 days if we have proper documentation.The important thing is stopping collection activities quickly while we work on the permanent resolution. Most clients see immediate stress relief once we take over communication with tax authorities, even before the final resolution is complete.

Question 6

Do you offer payment plans for your tax resolution services?

Accepted Answer

Yes, we understand that tax problems often create cash flow challenges. We offer flexible payment arrangements that work with your budget and financial situation.Our goal is making professional representation accessible when you need it most. We'd rather work with you on a payment plan than have you attempt to handle complex tax problems alone, which often leads to worse outcomes and higher costs.We discuss payment options during your initial consultation and structure arrangements that allow us to begin work immediately while spreading costs over time. Every situation is different, and we tailor our approach to your specific circumstances.

Tax Preparation Newton, PA