Question 1

Can you really stop the IRS from garnishing my wages?

Accepted Answer

Yes, in most cases we can get wage garnishments released quickly. The IRS is required to release a garnishment if we can demonstrate that it's causing economic hardship or if we negotiate an alternative payment arrangement.We've stopped garnishments for Gouldsboro residents who were losing 75% of their paycheck to the IRS. Once we establish communication with the IRS and show them a viable resolution plan, they're usually willing to work with us.The key is acting fast. The longer a garnishment stays in place, the more difficult your financial situation becomes. We can often get garnishments released within days of taking on your case.

Question 2

How much does tax resolution service actually cost?

Accepted Answer

Our fees depend on the complexity of your case, but we're transparent about pricing from the beginning. Most cases fall between $2,500 and $5,000 for complete resolution, which includes everything from filing missing returns to negotiating your final settlement.We don't charge hourly rates that can spiral out of control. You'll know exactly what you're paying upfront, and we don't collect our fee until we've completed the work.For perspective, we recently helped a Gouldsboro small business owner reduce a $75,000 tax debt to $12,000. Our fee was a fraction of what we saved them, and they avoided bankruptcy in the process.

Question 3

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

Accepted Answer

This is actually more common than you think, especially among self-employed individuals in rural Pennsylvania. The IRS requires you to be current on filing before they'll negotiate any payment arrangements, so getting those returns filed is always our first priority.We prepare and file all missing returns as part of our service. We'll gather all the necessary documents, reconstruct your income and expenses, and file everything correctly to minimize your tax liability.The IRS typically only requires the last six years of returns to be filed, even if you're behind for longer than that. Once we get you current, we can move forward with negotiating a resolution for whatever you owe.

Question 4

Do I qualify for an offer in compromise settlement?

Accepted Answer

Offer in compromise settlements are available, but the IRS has strict qualification requirements. You need to demonstrate that you can't pay the full amount owed and that the settlement amount represents the most the IRS can reasonably expect to collect.We analyze your income, expenses, assets, and future earning potential to determine if you qualify. If you do, we prepare and submit the complete application package, including all required financial documentation.The process typically takes 8-12 months, but successful settlements can reduce your debt by 70-90%. We've negotiated settlements as low as 10 cents on the dollar for qualifying Pennsylvania residents, but every case is different.

Question 5

What happens if the IRS has already put a lien on my property?

Accepted Answer

Tax liens damage your credit and make it difficult to sell or refinance property, but they can be removed once your tax debt is resolved. The type of resolution determines how quickly we can get the lien released.If you pay the debt in full or complete an installment agreement, the lien is typically released within 30 days. If we negotiate a settlement through an offer in compromise, the lien is released when the settlement is paid.We also handle lien subordination if you need to refinance or sell property before the tax debt is fully resolved. This allows the sale to proceed while keeping the IRS in line to receive their portion of the proceeds.

Question 6

How long does the entire tax resolution process take?

Accepted Answer

Simple cases like setting up payment plans can be resolved in 30-60 days. More complex situations involving offers in compromise or currently not collectible status typically take 6-12 months to complete.The timeline depends on several factors: how quickly we can gather your financial information, whether you have unfiled returns that need to be prepared, and which resolution option makes sense for your situation.We work efficiently, but we also make sure everything is done correctly the first time. Rushing through the process often leads to rejected applications and longer delays. Our goal is to get you the best possible outcome, even if it takes a few extra months to achieve it.

Tax Resolution Gouldsboro, PA