IRS Problem Resolution
Problems involving your taxes won’t go away on their own. If you owe back taxes or are in a dispute with the IRS, turn to Hot Springs CPA Services for help. We have extensive experience in helping both businesses and individuals resolve tax problems quickly and fairly.
We’ll begin by thoroughly reviewing your situation and assessing the options that might be available to you. Then we’ll contact the IRS and work with them on your behalf until we reach a resolution. And if your problem involves state or local tax authorities, we can help with that too.
Tax Relief Solutions for Businesses and Individuals
Filing Back Taxes
We’ll start by analyzing your situation and identifying your options. Then we’ll help you complete your unfiled returns and do everything in our power to minimize your back debt and any penalties incurred by your failure to file.
Tax Liens and Levies
If you’ve failed to file a return or pay back taxes, the IRS has many options for collecting the debt, including placing a lien on your home, car or other property. Monarch CPA Services will negotiate directly with the IRS to resolve the issue as quickly as possible and avoid further action, including having your property seized.
If you owe back taxes, the IRS can legally collect a portion of your wages directly from your employer in order to satisfy the debt. We will work with the IRS to develop an arrangement to settle the debt and end your wage garnishment.
Tax Settlement Options
An offer in compromise is an agreement enabling a business or individual to settle a tax debt for less than the full amount owed. If you qualify, we will work with the IRS to negotiate an agreement for the lowest possible settlement.
An installment agreement enables someone who can’t afford a large lump sum to pay off a tax debt in smaller increments. We can help you negotiate a plan that will meet your budget.
Currently-not-collectible status means that the IRS has removed your account from active collection efforts. We can help you determine whether you meet the qualification guidelines and if possible, have your account declared non-collectible.
Penalty and interest amounts for back taxes are often negotiable. Our experienced professionals will do everything possible to reduce your obligation.
IRS Audit Assistance
A notice that your tax returns are being audited doesn’t have to be cause for concern. Monarch CPA Services will review your records and represent you throughout the audit process.
If you’re having trouble with the IRS, don’t wait any longer! Call us at 501-222-7804 today or request a consultation to discuss how we can help you.