Frequently Asked Tax Questions
Q: What
is an Offer in Compromise?
A: It is a tax relief is a program wherein the IRS will settle a
tax debt, whether personal or business for less than the amount owed if a
Taxpayer qualifies.
Q: Why
would the IRS want to settle a tax debt?
A: The IRS understands there are situations in which they will not
be able to collect the entire amount of tax a citizen owes no matter what
they do or how hard they try. By agreeing to settle a tax debt, the IRS
brings the Taxpayer back into the system. The Taxpayer is required to stay
in compliance and pay their taxes on time after tax relief is granted.
It's a win-win situation for the Taxpayer and the IRS.
Q: How do
I know if I qualify for tax relief?
A: Our tax counselors can quickly determine if you qualify
for tax relief. Even if we determine that you do not qualify for an Offer
in Compromise, you may still qualify other types of tax relief like
Penalty Abatement, Innocent Spouse or Trust Fund Recovery. We can also
arrange a manageable installment agreement with the IRS for you.
Q: I have
a bank levy or garnishment on my wages. What can you do about that?
A: We can remove the levy in most cases on the same day you call
us, if you qualify. We can also place a collection hold on your tax
account to give us time to work out a tax relief solution for you.
Q: The
IRS keeps sending me letters and calling me. I don't know what to do or
what to say to them.
A: At Priority Tax Relief we protect and represent you to
the IRS. No more upsetting calls or threatening letters. This means that
you will not have to speak to the IRS we will negotiate on your behalf and
provide you with the relief you need now.
Q: I have
unfilled tax returns and I have lost all of my records. Do I need to file
them?
A: To qualify for tax relief, all tax returns must be on file with
the IRS. We can help you reconstruct your income and we will prepare all
past due tax returns for you.
Q: What
do you charge for your services?
A: Our fees are based on each individual case. All PTR Services are
provided on a flat fee bases with NO ADDITIONAL CHARGES. Our fee will
cover all aspects of your tax relief case from start to finish. This
includes all your research, documentation, paperwork, follow up
negotiations and any hearings before the Appeals Division of the IRS.
Q: What
about these commercials I see that promise to settle my case for pennies
on the dollar?
A: When most people hear the phrase pennies on the dollar, they
think 2 or 3 pennies on the dollar. You will notice that the advertiser
does not mention how many pennies on the dollar they can settle your case
for. Some citizens indeed qualify to settle their cases for 2 or 3 cents
on the dollar. The IRS average settlement is for 12 cents on the dollar.
Depending on your circumstances, you may qualify to settle for more or
less.
Q: Can the IRS take my house?
A: The IRS often threatens taxpayers with seizures of their home,
cars and retirement accounts. We can stop these threats and provide the
protection you need to make a smart decision.
Call
Right Now to Receive a FREE Personal, Confidential and
Professional United States Tax Consultation.
Call
1-888-716-4539 for Tax Help in United States
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