Back Taxes Never Go Away On Their Own!
If the IRS is knocking on your door, Our Tax Resolution Team can help you find relief-fast!
We Help You Get Your Life Back!
The IRS is a financial juggernaut that doesn’t care about the people behind the financial struggles; they simply want their money. At Tax Resolution Professional, we help shield our clients from this overbearing government agency to help them overcome financial hurdles and stressful times with years of hands-on tax experience!
Most of this takes place without you ever coming to our offices. We live in a day and age where technology makes it easy for us to represent you no mater where you reside. Of course, you can always come to our offices if you prefer, whatever is more convenient for you.
Case Study: IRS debt of 1.4 million Settled for 710K
Evelyn Edwards CPA
I received a client with significant IRS issues that he was not able to resolve on his own. So he contacted Tax Resolution Professional (CPA). He had an appointment with a Revenue Officer (RO) at the local office. He was a non filer. It was a 4 hour appointment. He had already rescheduled once and was terrified to go on his own. This is a difficult situation to be in. When a taxpayer has not filed a tax return for 2 years, IRS can prepare a “Substitute for return”. These type of IRS returns always show that the tax payer owes. This was an attempt to prepare those returns. Fortunately the taxpayer had the where with all to contact a professional.
The taxpayer gave power of attorney to the CPA and she was able to cancel that appointment immediately and stop the process of those returns. The Revenue Officer was new and was not familiar with the process of filing those returns and eventually settle on the tax debt. However, the tax resolution professional (CPA) had the knowledge and expertise needed to get this situation resolved quickly. With the initial investigation the CPA was able to investigate the clients accounts and get the information needed to prepare those past returns.
The taxpayer and even the Revenue Officer were not aware that by law, the IRS can only ask for 6 years of tax returns. The tax resolution professional was able to get those returns prepared quickly. After doing a financial analysis using the client questionnaire, the tax resolution professional was able to determine very quickly that the client was an “Offer Candidate”. That IRS would likely settle for less that the tax debt. The tax returns were submitted to the RO and was able to get them processed quickly. The tax resolution professional notified the RO that we would be submitting an Offer In Compromise. This started the process of submitting the forms 433A and the Form 656 with the supporting documents. With the use of a sophisticated tax resolution software the CPA was able to prepare and review the final documents. They were submitted to the RO in the deadline given.
Just a few months later, the CPA was contacted that the Offer Examiner that the offer would be approved. As it would turn out, the taxpayer owed a whopping 1.4million. Even though the taxpayer had been unemployed he had assets. He had an investment account that he was living on.
The IRS settled for 80% of his assets, A settlement of $710,000. That’s roughly 50cents on the dollar.
This whole process only took 6 months! It usually takes at least a year and IRS can by law take up to 2 years. A combination of the cooperation of the taxpayer, RO & Offer examiner and expertise of the tax resolution professional this situation was resolved quickly and the taxpayer was able to finally sleep at night.
Our Easy 3-Step Process For Tax Resolution
Step 1
Investigation and Discovery
During this phase we will find out where you stand with the IRS. We can find out if you have any liens or levies on your account. We can find out if you owe. Most importantly we can stop the collection process to get the time you need to complete the returns. Once we have completed the investigation, we will recommend a plan of action.
Step 2
Compliance
This means all tax returns need to be filed and processed. Its important to get these done as soon as possible. If you have unfiled tax returns, IRS will create a Substitute for return for you and show you owe. We want to prevent this from happening.
Step 3
Tax Resolution
There are 3 main ways to resolve your tax situation. The Offer in Compromise, Properly Structured Installment Agreement and Currently Not Collectible Status. We will advocate for you that which produces the best possible outcome!
Most importantly, when you give us power of attorney, we speak with the IRS on your behalf.
We take over! – IRS would rather speak to the CPA than the client…
Let Us Deal With The IRS For You!
Client Testimonials:
From Ted Lee:
Evelyn was very helpful and knowledgeable! She saved me quite a bit of money on my return and avoidance of penalties!
Thanks Evelyn!
From Bob Somers:
Evelyn was very helpful with the investigation she carried out for my complex tax situation. I had to investigate over 3 years of taxes for another person close to me. Including a tax balance due from a long time ago. In conclusion we resolved all that tax situations from 2019 on and avoided having to pay the account balance which was substantial. She was very good at paying attention to all the aspects of my situation and making sure everything was squared away in the end.
From Jason McDuffie:
She did an amazing job and took care of my tax nightmare. Thank you so much! I had a nightmare IRS issue. She fixed it!!!
From William McCauley:
We had a bit of a problem making our Rich Uncle in Washington happy, so he sent us a letter. We had a fairly complicated year and needed help with getting things sorted out. My wife found Evelyn Edwards who was able to quickly and efficiently untangle the mess we were in and satisfy Uncle Sam.
The service was great, returns were completed quickly and efficiently, and the pain was mitigated. Turned a potentially unpleasant experience around. Highly recommend.!
From Joseph Di Dio:
Evelyn is very professional and patiently listened to all my questions/issues, and provided excellent pin-point advice!
From: Steve Helmandottar:
Evelyn did all needed, asked, required, and extremely promptly to totally resolved my IRS issues for me!
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