Taxes are complex and hard to understand to begin with. If you’ve fallen on the wrong side of the IRS, it can be even more confusing to figure out how you got there or what you can do to set things right. Easy Tax Service is here to help clients in Prescott Valley, AZ as well as clients all across the country take the right steps in the right direction. Our tax resolution services will help you get the IRS off your back, so you can clean up your taxes and move forward without a hefty tax burden weighing you down.
Call us today at 928-775-7000 to learn more about our tax resolution services and penalty abatement options. Below, you’ll also find some FAQs our customers ask. Check below for answers and give us a call to see how we can help you.
What is tax resolution?
If you owe the IRS, tax resolution involves settling outstanding issues and debts—often through repayment plans, penalty dismissal and/or filing amended returns. The purpose of tax resolution is to get back on the right side of the IRS, without any penalties or taxes owed.
What are my tax resolution options?
There are several options for tax resolution and penalty abatement, depending on your circumstances. One of the enrolled agents at Easy Tax Service will consult with you about your options to explore any of the following tax resolution solutions.
- Offer in compromise
- Lien removal and levy release
- Payment plan and installments
- Non-collectible status
How Do Tax Resolution Companies Work?
Tax companies like Easy Tax Service in Prescott Valley, AZ are your first line of defense against the IRS and state tax authorities. We speak to these agencies on your behalf and negotiate in good faith to determine a tax resolution that’s in your best interest.
What is the tax resolution process?
It generally takes between 6-12 months to reach a tax resolution. The process involves opening a line of dialog with the IRS, submitting paperwork and documentation, applying for appeals, etc. once we’re able to assess your specific tax situation, we can provide a clearer timeline of the process.
How long will it take for my case to be resolved?
While the entire tax resolution process can take 6-12 months to get started, finalizing everything can take upwards of a year or as little as 6 months. It really depends on your situation and the factors that play a role in your current position with the IRS.
How do I know if I qualify for a settlement?
Our Prescott Valley, AZ professionals will consult with you before taking on your case, to help you determine what your prospect is for a settlement. You’ll need to answer a few questions about income, employment, debts and assets for us to make a clear determination.
What is the difference between a tax levy and a tax lien?
These are collection tools used by the IRS. A levy is the seizing of your assets; a lien is a claim against your debt. If you’re facing either, it’s important to start working with a tax resolution specialist right away, before the IRS has a chance to take your assets or garner your wages.
How much does tax resolution cost?
At Easy Tax Service, our fees are determined on a case-by-case basis. We determine fees based on a free consultation and will let you know upfront how much your case will cost to process. Fees for tax resolution are typically far less than you might otherwise owe to the IRS!