Tax Resolution Services
Tax resolution is not a cut-and-dried matter. It's a very nuanced process, and each case is affected by its own unique circumstances and back taxes. That's why, when it comes to back taxes help, it's essential to find a team of tax attorneys who know the tax system well enough to create a truly customized back tax relief plan. At Internal Tax Resolution of Indianapolis, we offer personalized service to all of our customers, working hard to get you the most beneficial tax resolution possible. The finest tax lawyers and accountants in the area, we're here to help eliminate your local or IRS back taxes with absolute efficiency and accuracy. Contact us via phone or e-mail to get your free estimate!
When you need tax resolution, don't just settle for any cookie-cutter solution. At Internal Tax Resolution, we have a variety of the most advanced tools and tactics at our disposal to resolve your back taxes, and we know how to negotiate with the IRS in order to come to a mutually agreeable settlement. For over 25 years, we've been working with state and federal tax codes and helping customers just like you achieve the best back taxes solutions possible. Our tax attorney team will get you the best outcomes for any of the following:
Wage Garnishment Relief
Unfortunately, when you owe IRS back taxes, many of your assets can be claimed by federal tax authorities. One of those is your paycheck. In a process called wage garnishment (or a wage levy), the IRS deducts money from your paycheck in order to cover the back taxes you owe. Wage garnishment is known to cause serious financial hardships, however, and should be acted upon as soon as possible. Internal Tax Resolution is here to help you work with the IRS and stop the wage garnishment by implementing an offer in compromise, payment plan, or other back tax resolution option. As full-service tax lawyers, we'll even help you compile evidence of financial hardship due to wage garnishment and present it to the IRS as a way to put a stop to the wage levy once and for all.
Bank Levy Releases
In what's known as a bank levy, the IRS is legally empowered to take money from your bank account in order to satisfy the tax debts owed. The IRS will notify your bank of the levy, and the bank will then freeze your account for 21 days. At that point, the IRS will be able to deduct any funds necessary for covering the back taxes, penalties, and interest that you owe. Once this money is taken, it's nearly impossible to retrieve, so make sure you act as soon as you receive notification of a levy on your bank account. Internal Tax Resolution of Indianapolis is here to help you negotiate with the IRS to release the levy, which means you'll be able to resolve your back taxes on your own terms.
Offers in Compromise
When you're facing a battery of penalties and rising interest rates, sometimes the best thing to do is reach a settlement with the IRS that allows you to fully repay your tax debt for less than the actual amount owed. This means you'll need to negotiate with the IRS, and that typically requires a certain degree of expertise. That's where Internal Tax Resolution comes in. We'll facilitate negotiations between you and the tax authorities, resolving your IRS back taxes promptly and with optimal affordability. The IRS accepts offers in compromise only under three conditions:
- Dubious liability: There is considerable doubt regarding the taxpayer's liability for the taxes owed
- Dubious collectibility: The IRS is uncertain whether they will ever be able to collect the full amount of back taxes owed due to the size of the debt in proportion to the taxpayer's income and assets
- Exceptional circumstances: For example, proof that collecting the debt will cause economic hardship or would be otherwise unfair
Property Lien Releases or Withdrawals
Unfortunately, your back taxes problems can extend into your personal property as well as your pocket. When you owe back taxes, the IRS can place a lien on assets like your home or business to make certain that the debt is paid. If that happens, the IRS places a claim against your property and makes it extremely difficult for you to get a loan, new credit card, or mortgage approval. So if a lien has been placed on any of your assets, Internal Tax Resolution can help you come to a settlement with the tax authorities that will release or withdraw the lien. Our accountants will provide you with the back tax help you need to square away your debts and live a stress-free life once again!
Installment Agreements
Internal Tax Resolution is here to make paying off your tax debt as easy as possible, and sometimes that means simply arranging for a more manageable payment schedule. We'll help you set up an installment agreement to allows you to pay off your IRS back taxes over a determined period of time rather than all at once—a particularly useful option for large sums of back taxes. While our CPAs are extremely flexible and accommodating, we like to remind our clients that it's best to pay as much as possible upfront in order to avoid penalties and accumulating interest. We'll make your payment plan as convenient and hassle-free as possible, so paying back taxes won't be nearly as burdensome as it might have been.
Innocent Spouse Relief
Although filing joint tax returns with your spouse might save you time, the drawback is that you are both held equally responsible in the event that you owe back taxes, penalties, or interest as a result of an erroneous return. However, recognizing the existence of mitigating circumstances, the IRS is willing to work with individuals on a case-by-case basis to allow innocent spouse relief so that no one spouse is left to unfairly shoulder the burden of the entire tax debt. Internal Tax Resolution of Indianapolis is available to help you file for innocent spouse relief, and our accountants will even work with you to determine which category of innocent spouse relief is most applicable. There are three different types:
- Classic innocent spouse relief: Fully relieves one spouse's responsibility for paying any of the taxes owed
- Separation of liability: Redistributes the understatement of taxes between the spouses (or ex-spouses) based on how much each party is responsible for
- IRS equitable relief: If you do not qualify for either of the previous types of innocent spouse relief, this can relieve you of some of your tax liability if the IRS determines it would be unfair to hold you liable
Penalty Abatement
Not paying your taxes can lead to back taxes, hefty fines, and soaring interest. In some cases, the penalties can reach up to 50% of the total tax owed! Furthermore, the IRS is entitled to charge an additional 4% interest per year on any unpaid taxes. In short, owing back taxes can create an even bigger financial burden for you and your household. But if you are one of the many citizens who has legitimate reasons for not paying your taxes, the IRS is willing to remove or greatly reduce those penalties. The best way to secure penalty abatement is to call the tax attorneys and CPAs at Internal Tax Resolution of Indianapolis. We know the tax codes backward and forward, so we'll be able to evaluate your unique situation and, if appropriate, help you qualify for penalty abatement. We'll help you compile evidence of "reasonable cause" for late or non-payment of taxes to present to the IRS. So whether you experienced the death of a close family member, were unavoidably detained, or lost your tax records due to disaster, Internal Tax Resolution will provide you with the back taxes relief and penalty abatement you need.
Internal Tax Resolution of Indianapolis has been providing area taxpayers with back tax relief for more than 25 years. Say goodbye to IRS back taxes and hello to a stress-free life when you call us today!
- tax resolution
- tax settlement
- tax penalty abatements
