FAQ
Frequently asked questions
What is an offer in compromise?
An agreement with the IRS to settle tax debt for less than the full amount. It is available only when the IRS agrees you cannot pay the full amount, based on a detailed review of your income, expenses, assets and future earning potential. Many people who apply do not qualify. We review your finances first and tell you honestly whether an offer makes sense or whether another option fits better.
Can penalties be removed?
Sometimes. First-time abatement may apply if you have a clean compliance history for the prior three years. Reasonable cause relief may apply if something beyond your control, such as serious illness or a disaster, prevented you from filing or paying. Interest is generally not removed, although interest on an abated penalty goes away with it. We request relief where the facts support it.
I have not filed in several years. What happens first?
We usually start by pulling your IRS transcripts to see what income was reported and whether the IRS prepared substitute returns for you. Then we prepare the missing returns the IRS requires. Most resolution options, including installment agreements, require you to be current on filing, so getting compliant is the foundation for everything else.
Can you stop a levy or wage garnishment?
We can often request a hold on collection while a resolution option is being considered, and in some cases ask for a levy to be released, for example when it creates an economic hardship. The outcome depends on your situation and the IRS's decision, so no one can promise a result, but acting quickly keeps more options open.
What is the free 15-minute review?
A short call to hear your situation and explain the next step, with no obligation. If you need a full consultation, it is 30 minutes for $199, includes a written summary of your options, and is credited toward your fee if you hire us.