Tax Resolution Services
Take A Stand
Facing IRS Troubles? You're Not Alone
IRS Problems Affect Everyone: From doctors and lawyers to accountants, no one is exempt from potential IRS issues. In fact, the entire population is susceptible to these challenges. It’s vital to recognize that you’re not facing this ordeal alone—countless individuals have confronted IRS problems in the past, and many more will encounter them in the future. What truly matters is taking swift and decisive steps to resolve your situation. Time is of the essence, and taking immediate action is paramount. Schedule an appointment today.
Business Owners
Whether you are a self-employed individual, an LLC, an S-Corp, a C-Corp, or part of a partnership, it is crucial to promptly resolve any IRS-related issues. These issues may include payroll tax, excessive or insufficient compensation, past due tax filings, or some other dispute with the IRS. Taking swift action is key to maintaining financial compliance and ensuring your personal and business financial health.
Other Taxpayers
If you find yourself grappling with unfiled tax returns, disputes regarding your filing status, or tax issues linked to your spouse but unrelated to your own financial matters, take comfort in knowing that solutions are readily available. Don’t procrastinate; seize the opportunity to schedule an appointment today and address your tax concerns.”
Tax Relief Options
Offer In Compromise (OIC)
OIC is often touted as the number one solution by many, promising to settle your tax debt for just a fraction of what you owe. However, it’s crucial to understand that the OIC program is intricate, and not everyone qualifies. Beware of unscrupulous tax resolution companies that may push you into this program without evaluating your eligibility. At BK, we take a different approach. We start by thoroughly analyzing your unique situation. Only after a careful assessment will we present you with a comprehensive overview of all available options, complete with recommendations and detailed explanations. Our goal is to ensure you make informed decisions regarding your tax matters.
Installment Agreement
In certain situations, an installment agreement may be the most practical solution to address your tax concerns. When combined with a Penalty Abatement program, this approach can lead to substantial savings, potentially saving you thousands of dollars while providing you with an affordable payment plan. Establishing a workable payment schedule is paramount. The key is to partner with a firm dedicated to securing the best possible outcome for you, not the IRS. At BK, we prioritize your interests and work diligently to craft a solution that aligns with your financial goals.
Penalty Abatement
Penalties have the potential to inflate your IRS debt significantly, often doubling the amount you owe. However, through the strategic application of various negotiation tactics, it’s possible to reduce or even eliminate these penalties. This, in turn, can lead to a more manageable monthly repayment plan or even make it feasible to pay off your outstanding balance in full.
Audit Representation
Facing an IRS audit can indeed be a daunting and anxiety-inducing experience. Regrettably, many individuals tend to fall into one of two common traps. Some opt to ignore the issue, a decision that invariably worsens the situation and restricts their available options. Others attempt to navigate the IRS audit process solo, often finding it counterproductive and potentially leading to further audits. This underscores the importance of addressing the matter promptly and enlisting the assistance of a knowledgeable representative. Having an experienced professional by your side can greatly increase the chances of securing a favorable outcome or even winning the case outright. Remember, you may not be aware of what you don’t know. Schedule a consultation today.
IRS Punitive Actions
When your tax matter goes unaddressed for months or even years, you enter a phase of IRS collections where significant and, in some cases, irreparable harm can occur. The IRS has the authority to levy, garnish, or even seize your bank accounts, investments, vehicles, homes, and even business assets. These actions often leave individuals without sufficient funds for their monthly necessities and financial obligations, exacerbating their financial hardships.
It’s essential to understand that these punitive actions are triggered by a failure to respond to IRS notices. This underscores the urgency of addressing your tax matter as promptly as possible.