Quality Tax Relief is dedicated to resolving your Federal as well as State personal and business tax issues.
A majority of the tax issues can be resolved with one of the following solutions:
- Correcting mistakes on incorrectly prepared returns.
- Filing correct returns for which substitute filed returns were made.
- Preparing and getting approved for an Installment Plan (“IA”).
- Placement into a status of Currently Not Collective (“CNC”).
- Entering into a Partial Pay Installment Agreement (“PPIA”).
There are other less common solutions such as innocent spouse relief, audit defense, levy/garnishment release as well as others.
Quality Tax Relief follows a meticulous process to ensure that you as a client get the best possible resolution that you qualify for. Keep in mind that tax issues and the tax code are very complex.
In this first call, you will also be given a flat fee estimate for the analysis phase as well as an idea of what the possible options could be for a resolution.
Tax Case Example:
John had realized that there were mistakes because a bank asked for certain schedules that should have been in his returns had they been prepared correctly. John is extremely meticulous in all he does and wanted to get the mistakes corrected as quickly as possible.
John went to a tax attorney partnered with a CPA. He had hired a previous CPA who had made numerous mistakes on his tax returns. The tax attorney and CPA started to redo his one year’s return that he brought to their attention. Thousands of dollars later in hourly billed fees, John realized that there were more years with issues and the information in each year depended on the other. This means that he would need to pay to have other years done plus an amendment for the already done returns, which resulted in more and more fees.
When John received an analysis of his entire situation, all the mistakes could be identified, and the scope of work properly quoted. As such, John paid a flat fee for the preparation of his returns along with the proper forms to mitigate some of the fines and penalties. John saved what could have been tens of thousands of dollars with an analysis and solutions approach to resolving his tax issues.
Time is of the essence, even more so if you have pending enforcement action, or a revenue officer assigned. When you decide to take action, the first phase is the Analysis.
During this phase, we will file a power of attorney to work on your behalf. We will call the IRS or use e-services that are available to tax professionals to order a copy of your transcripts. If a revenue officer has been assigned to your case, we start out by developing a positive professional relationship with him or her because that makes it much easier to get the most favorable results for you.
We also determine the urgency of your case. If a Revenue Officer has been assigned and there is a pending levy or garnishment, we request a stay on collection activity as long as possible. We also determine if the Revenue Officer is requesting additional information.
Get all your tax returns. Many times a client has tax returns that need to be filed, and in other cases, some returns may need to be done or amended. We guide you on completing financials.
Then, we compare the returns filed by you with what the IRS has on file. We also compare the payments that you indicated that you made with what the IRS and other taxing entities show as received. We calculate what should be the proper penalties and interest.
Finally, based on the complete analysis, we determine the best possible solution for your tax issue and explain why we feel it is the best resolution for you, based on all the circumstances related to the tax liability as well as your financials. If returns need to be filed, we make sure these get done to get you into compliance first before beginning a resolution.
In this phase, we will perform the resolution that was deemed the best possible solution for you. The most common resolutions are 1) preparing and filing missing returns, 2) an Installment Agreement (“IA”), and an 3) Offer In Compromise (“OIC”). Other solutions such as Innocent Spouse Relief, Levy or Garnishment Release, Audit Defense, and others are also available, however less common.
The first step is to ensure that you are in compliance. This involves making sure all unfiled tax returns are first filed, and tax payments are made for the current time period. Once this is done, a much more accurate picture of what the true liability is can be determined. It may be that by getting you into compliance, it may be that the previous tax liability is significantly reduced or eliminated.
If you do not qualify for an Offer In Compromise (“OIC”) or placement of your debts into a Currently Not Collectible (“CNC”) status, an Installment Agreement may be the best option of resolution.
Depending on your ability to repay the tax debt, a potential resolution maybe in the form of an Installment Agreement between you and the IRS or State taxing agencies. If the tax debt is determined to be accurate and the ability to pay back the full amount is not possible based on your detailed financials, then one form of an Installment Agreement may be a viable option. There are Installment Agreements that allow for the full payment of the tax debt with monthly installments over a period of time. Other Installment Agreements allow for payments to be made over time for only a portion of the total tax liability, often until the ability to collect certain liabilities expire under the statute of limitations.
One you are in compliance, if your tax liability is $50,000 or less, and if you are able to pay back your tax liability in 72 months or less, you may qualify for a Streamlined Installment Agreement.
If, based on your financials, it can be demonstrated that you do not have the means to pay back the full amount of tax liability, even over time, you may qualify for a Partial Pay Installment Agreement or “PPIA”. Under this program, you are allowed certain permitted expenses for “necessary and reasonable” monthly living expenses.
Throughout the course of the Installment Agreement, you must continue to make the payments on time, file tax returns on time, and pay the new taxes owed in full.
An Offer In Compromise (“OIC”) is another potential resolution where you pay back a portion of what is owed. The amount that the IRS or State taxing authorities will accept is largely dependent on the ability to collect the amount within the statute of limitations for collections, whether you should have been assessed the tax, and the ability to demonstrate that paying back the tax creates an unfair economic hardship. An Offer In Compromise (“OIC”) is ideal for a person with few assets and limited disposable income.
Innocent Spouse Relief is where a spouse requests relief from joint liability for tax debts. The types of relief are: Innocent Spouse Relief, Equitable Relief, and Separation-Of-Liability Relief.
Why Choose Us
- 16+ years experience.
- Work with Qualified Tax Professionals (Including EA, Tax Attorney and CPAs).
- Be advised on which are your best options.
- Member of NATP.
- Member of Online Business Bureau OBB.
- Member of ASTPS.
- Written Money Back Guarantee for Investigation Phase.
- Written Money Back Guarantee for Resolution Phase.
What Client’s Say
…I talked to many people, but only Maurice (Senior Tax Account Executive) drew my confidence. Maurice took his time and explained everything in detail. The communication process was excellent …
I’d like to thank Quality Tax Relief and specifically their representative, Allan Smith for helping me through a very challenging and nerve wracking decision.
Zach did a great job explaining everything to me. He was very pleasant and professional.