Tax Advisory & Resolution

Tax Resolution Services

Tax debt grows with penalties and interest, and collection letters escalate. Tax resolution starts with getting the facts: what you owe, which years are open, and which returns are missing. From there we review the options the IRS and states offer and help you choose a realistic path forward.

Get a Free 15-Minute Tax Debt Review

Free 15-minute phone review. If you need a full consultation, it's 30 minutes for $199, credited toward your fee if you hire us.

Tax resolution options we review

There is no single fix for tax debt. The right option depends on how much you owe, your income, your expenses and assets, and whether all required returns are filed. Most options require you to be current on filing before the IRS will agree to them.

  • Installment agreements that spread payments over time
  • Offer in compromise, available only when the IRS agrees the full amount cannot be paid
  • Penalty relief through first-time abatement or reasonable cause
  • Currently-not-collectible status when you cannot pay basic living expenses and the tax

Who it’s for

  • Individuals with IRS or state balances they cannot pay in full
  • Taxpayers with unfiled returns for one or more years
  • Businesses with unpaid payroll tax debts
  • Anyone facing a levy, wage garnishment or federal tax lien

What’s included

  • IRS and state transcript review to confirm balances and open years
  • Preparation of unfiled returns needed to get compliant
  • Financial analysis to identify which options may be available
  • Installment agreement and offer in compromise applications where appropriate
  • Penalty relief requests based on first-time abatement or reasonable cause
  • Communication with collection staff on levies, garnishments and liens

Levies, garnishments, liens and payroll tax debts

A levy takes money from a bank account or other property. A wage garnishment, which the IRS calls a wage levy, takes part of each paycheck. A federal tax lien is a legal claim against your property that can affect credit and sales. Each has its own notices and deadlines, and acting early keeps more options open.

Unpaid payroll taxes are treated seriously because part of the money was withheld from employees. Owners and others responsible for paying them can be held personally liable through the trust fund recovery penalty. We review the exposure and the options for the business and the individuals involved.

How it works

How it works

  1. Free review

    A 15-minute phone call to understand your situation.

  2. Investigate

    With your authorization, we pull transcripts and confirm what is owed.

  3. Get compliant

    We prepare any missing returns the agency requires.

  4. Choose an option

    We explain which options may fit and what each would cost.

  5. Negotiate

    We submit the request and work with the agency until it is decided.

Why Atlantic Assurance & Advisory

We give you an honest assessment. If an offer in compromise is unlikely to be accepted, we will tell you, and we will not charge you to file one that does not fit. No one can promise how the IRS or a state will decide, and we never do.

Tax resolution often involves IRS representation and, for the future, tax planning to avoid a repeat.

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.

Start with a free 15-minute tax debt review

Tell us what you owe, which years are involved and what letters you have received. We will explain the next step.

Get a Free 15-Minute Tax Debt Review

Free 15-minute phone review. If you need a full consultation, it's 30 minutes for $199, credited toward your fee if you hire us.

Prefer to call? (571) 241-0295

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