Question 1

How much does tax resolution cost in Fernridge, PA?

Accepted Answer

Tax resolution costs vary based on the complexity of your case and the services needed. Most firms charge between $2,500 and $7,500 for comprehensive resolution services.

We provide transparent pricing upfront after reviewing your situation. Many clients find that our fees are far less than the penalties and interest they'd pay if they tried to handle things alone. We also offer payment plans to make our services affordable.

The investment in professional help typically saves you thousands compared to what you'd pay the IRS without representation. Plus, you get peace of mind and protection of your assets while we work.

Question 2

Can you really settle my tax debt for less than I owe?

Accepted Answer

Yes, through the IRS Offer in Compromise program, many taxpayers can settle their debt for significantly less than the full amount owed. However, you must qualify based on your income, expenses, and asset situation.

The IRS accepts offers when they determine it's the most they can reasonably expect to collect. This typically happens when paying the full amount would create financial hardship or when there's doubt about your ability to pay.

We analyze your financial situation to determine if you qualify and prepare the strongest possible offer. Our experience with these applications significantly increases your chances of acceptance compared to trying to do it yourself.

Question 3

How long does the tax resolution process take in Pennsylvania?

Accepted Answer

Most tax resolution cases take 3-6 months to complete, though complex cases involving multiple years or large amounts may take longer. Simple payment plans can often be set up within 30-60 days.

Offer in compromise applications typically take 6-12 months for the IRS to process. However, we can usually stop collection actions immediately while your case is pending, giving you protection during the process.

Pennsylvania state tax issues can often be resolved more quickly than federal cases. We work on both simultaneously to get you the fastest possible resolution of all your tax problems.

Question 4

What happens if I ignore my tax problems?

Accepted Answer

Ignoring tax problems makes them exponentially worse. The IRS will escalate collection actions, starting with notices and moving to liens, levies, and wage garnishments. Interest and penalties continue to compound monthly.

Eventually, the IRS can seize your bank accounts, garnish up to 75% of your wages, and place liens on your property. These actions destroy your credit and make it nearly impossible to get loans or even rent an apartment.

In Pennsylvania, you may also face state collection actions on top of federal enforcement. The sooner you address tax problems, the more options you have and the less you'll ultimately pay.

Question 5

Do I need a lawyer for tax resolution?

Accepted Answer

While you don't legally need a lawyer, professional representation significantly improves your outcomes. Licensed tax professionals like Enrolled Agents can represent you before the IRS and have specialized training in tax law.

Tax resolution involves complex negotiations and detailed financial analysis. Professionals know which arguments work, how to present your case effectively, and what documentation the IRS requires. They also protect you from making statements that could hurt your case.

Most importantly, professional representation levels the playing field. The IRS has experienced agents working against you - you need experienced professionals working for you.

Question 6

Will tax resolution hurt my credit score?

Accepted Answer

Tax resolution itself doesn't hurt your credit - in fact, it usually helps by removing tax liens and stopping collection actions that damage your credit. However, existing tax liens may already be affecting your score.

Once we successfully resolve your tax debt and remove any liens, your credit typically improves over time. Payment plans don't appear on credit reports, and settled debts through offers in compromise also don't negatively impact your credit.

The key is acting quickly before liens are filed. If you already have tax liens, resolving your debt is the fastest way to get them removed and start rebuilding your credit.

Tax Resolution Fernridge, PA