Tax Resolution Services
Tax Representation and Resolution
There are many issues that can arise between taxpayers and the IRS. And occasionally, due to circumstances beyond the control of a taxpayer, a taxpayer cannot become eligible for any conventional tax resolution strategy. Pearling Tax Solutions creative tax relief services provides more back tax related services than can be described within this website. If you owe back taxes and do not see the service you need listed within this site, please call us. The chances are that we can help.
Unfiled Tax Returns
Have you filed your tax returns every year, but not paid all the taxes you owe? The potential damage from unfiled and/or unpaid back taxes can be financially ruinous, but it is often avoidable.We will file your back taxes and assess your tax debt options and negotiate a workable payment plan with the IRS.
Bank Levy, Wages or Seizures
A bank levy freezes your bank accounts. If your wages are being garnished, you need help now. We compile and forward the IRS the information they require to release the levy. We will also negotiate the best possible payment arrangement the law and your finances allow. If the IRS has already taken your property, we can request an Asset Levy Release–it may be possible to get your possessions back. Please contact us today for more information.
Currently Not Collectible/Hardship Status
If paying your tax debt would cause you undue financial hardship, you may qualify for Currently Not Collectible (CNC) status. Once your status is confirmed, we will recommend options that will bring your tax controversy to a permanent close.
Injured Spouse Relief
If your IRS refund is taken from your joint return to offset certain past-due debts that are the sole responsibility of your spouse or former spouse, such as taxes, child support, or student loans. Whatever the cause, we will rectify an unfair tax liability and get you your money.
Innocent Spouse Relief
Don’t be the victim of someone else’s mistakes or dishonesty. Individuals who meet the criteria for Innocent Spouse Relief can be relieved of liability. Contact us today to see if you qualify for Innocent Spouse Relief or other IRS tax relief programs.
Obtain Your IRS Transcript
Knowing what the IRS has in your file is a great place to start when resolving a tax issue. Furthermore, it is probably as important to find out what the IRS does not know about you as it is to see what they do have in your file. We will make a discreet request for your information from the IRS so as not to draw undue attention to any tax liability. After we acquire your IRS file, we will explain it to you in layman’s terms, as well as recommend a course of action that will set you on the road to ending your tax controversy.
Offer in Compromise
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It is a common approach to provide tax relief. If you do not qualify for an offer in compromise, we can recommend other payment options that will resolve your tax debt.
Penalty Abatement
One of the worst things about IRS tax controversies are the penalties and interest tacked on to your original bill. We will carefully scrutinize your tax situation to see where penalties and/or interest may be waived.
Statute of Limitations
The Statute of Limitations dictates the amount of time allocated for certain tax-related actions. For example, the IRS has three years to audit your tax return or send you a refund, but they have ten years to collect after a tax has been assessed. There are some exceptions to the ten year collection rule. Applying for certain payment arrangements will suspend the ten year time frame while those arrangements are pending, but add extra time to the statute of limitations for your case once the suspension period is over. It is important to know when the Statute of Limitations expires, but it is just as important to know what to do with that information. We have the expertise to help you make those decisions. Sometimes, filing for a certain status or payment plan can do more harm than good. Everyone’s tax debt issues are different and it is critical that all factors be considered. Our tax professionals will find out how the Statute of Limitations applies to your circumstances and then advise you as to the best course of action to take.