IRS Tax Problem Resolution Services

Northern New Jersey IRS tax problem resolution Facing a tax problem with the IRS may seem overwhelming but 123 Accounting Services LLC will make finding a fair resolution as easy as possible. As a local Northern New Jersey, NJ CPA firm, we can rectify a number of common tax problems. Whether you received a notice of an upcoming audit, need to file back taxes, or are the victim of a lien or levy, we can help with these and other IRS tax problems. Call us at 862-248-0477 for a free initial consultation.

IRS Audit Assistance

Just because you’ve been diligent and honest in your tax filings doesn’t mean the IRS won’t uncover an unexpected issue when conducting a tax audit. Enlist the support of a Northern New Jersey tax accountant like 123 Accounting Services LLC to guide you through the process.

Back Taxes

Taxpayers can fall behind on their tax filings due to missing forms, confusing paperwork or financial hardship. 123 Accounting Services LLC will work with you to file the delinquent tax returns, minimize tax penalties and get you back on track.

IRS Liens and Levies

If you fail to pay your back taxes the IRS may put a lien on your assets or seize your property in order to collect their money. To release a lien, you need to pay your tax debt in full, but the IRS is usually willing to negotiate a reasonable payment plan to pay off the debt over time. We’ll mediate between you and the IRS to put this plan in place.

Wage Garnishment

The IRS can issue a wage garnishment and take a portion of your weekly paycheck to apply towards your tax debt. We’ll end wage garnishment as soon as possible by arranging for a payment plan or another form of tax relief with the IRS.

Offer in Compromise

If you feel you shouldn’t be liable for the assessed amount of a tax bill or if financial troubles are preventing you from paying off your tax debt, an offer in compromise might be the right solution. We can determine if you qualify and organize the documentation required to make your submission to the IRS.

Installment Agreement

If you’re up to date on your tax returns but don’t have the funds to pay off an outstanding tax bill, an installment agreement can allow you to pay off the balance of your tax debt gradually. We can arrange an installment agreement for you and file the necessary paperwork with the IRS.

Streamlined Installment Agreement

A Streamlined installment agreement may be approved for taxpayers  that owe $50,000 or less and the minimum payment is determined using a SLIAC (streamlined installment agreement calculator). We can help you find out if you are eligible.

Penalty Abatement

If you are willing and able to pay the back taxes owed but feel the penalties and interest charges tacked on by the IRS are unjust, we may be able to arrange for penalty abatement and have these fees waived. This arrangement requires that you pay the full base taxes owed.

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