FAQs
The Answers You Need
I have not filed tax returns for a number of years. What can I do to settle with the IRS and have a fresh start?
Since all tax returns must be filed before the IRS will consider an offer in compromise or an installment agreement, we can prepare all of your necessary tax returns before negotiating a resolution of your outstanding tax debt.
What can I do if I have lost most, if not all, of my records to prepare tax returns?
As part of our service, we will obtain your income information and account transcripts that are on file with the IRS and state agencies if applicable. We can also obtain necessary information from the IRS through the Freedom of Information Act. We then work with you to reconstruct any missing information to prepare your tax returns.
I filed all of my tax returns but do not have the money to pay the taxes that are owed. What do I do now?
You may have several different options available to you. Depending on your financial situation, you may be able to qualify for an installment agreement, a hardship deferral, and/or an offer in compromise.
What is an offer in compromise?
An offer in compromise is an agreement between a taxpayer and the government to settle a tax debt for less than the full amount owed. With some preliminary information we can assess your situation to determine if you qualify for the IRS Offer in Compromise program. If you don't, we'll explain why and recommend an alternate solution to your tax problem.
How much can I save in taxes with an offer in compromise?
This depends on the individual facts and circumstances of your specific case. Factors that will determine the settlement amount include your total assets, liabilities, monthly income, living expenses, retirement of debt, dissipated assets, projected future income, age, health, etc. While there may be companies that promise settlements for "pennies on the dollar," the IRS is not required to accept an offer in compromise in all instances, and the amount of the settlement will vary from case to case.
Can you still help me with taxes if I am in another state?
Yes. The IRS has offices located all over the US, and they communicate with taxpayers mostly by phone and mail. Similarly, we stay in continuous contact with our clients by phone, fax, mail, and email, no matter where they are located. We assist taxpayers all across the US and make tax preparation simple.
How do I get started?
You can contact us at 410-487-3500 and speak directly to us. We offer a free confidential consultation to asses your needs and recommend a specific course of action. If you are receiving certified mail from the IRS or being threatened with bank levies and wage garnishments, we can begin working on your case immediately to stop any further collection action. You can also contact us by completing the online form, and one of our professionals will respond to your inquiry immediately. We will get started right away and ensure a fast tax refund at a low cost and no hidden fees.