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Archives: FAQs
What do you specialize in?
We help clients get out of one of the worst predicaments they can get themselves in – owing the government a lot of money.
How long does the IRS have to collect past due tax balances?
The statute of limitations for collections is 10 years. However, lots of things can extend that time including filing for bankruptcy, proposing an offer-in-compromise or submitting a request for a payment plan.
What can the IRS do to enforce collections?
They have lots of tools. They can seize bank accounts, investment accounts including IRA’s and pension money. They can order your employer to send a big chunk of your paycheck directly to them. They can and will file lien notices wherever you have real estate.
Does the IRS accept less than full payment of tax debts?
It all depends upon the financial situation. If their analysis shows that the taxpayer can pay the debt in full, they will make every effort to get it. The IRS has collections powers that go beyond those of commercial debt collectors. Most IRS personnel take their purpose of representing the government’s interests seriously and do not freely write-off balances due unless they can be convinced it’s in the governments best interest.
Do you represent people under criminal investigation?
Not directly. You need an attorney to represent you if you are concerned about possible criminal actions. We do not have the right to privileged conversations that an attorney has and could be forced to testify against you. We can work indirectly with you by having your attorney hire us to help him or her provide for your defense.
Do you prepare tax returns?
We do prepare returns where they are required to fix our client’s IRS problem. Typically, this is amending returns or filing multiple years for non-filers. We are not a 1040 factory.
What services do you offer?
We represent people who owe the IRS lots of money. Sometimes these claims by the IRS are justified and sometimes they are erroneous. We do the analysis work to determine what the best options are for the client. Once we have a strategy, we do the talking with the IRS to negotiate the best deal we can get with the IRS.
Do you take walk-ins?
No
Do you offer a free consult?
We will talk to you at no charge over the phone to answer your general questions about the IRS Collection processes. Specific questions as to your best options depends upon the financial analysis of your situation cannot be done without first doing the work.