Tax Resolution Services
There are options for tax relief, even if you need to file tax returns going back multiple years. Some other forms of tax relief including arranging for a payment plan, or stop pending collection action. The experts at Platinum Tax Defenders in Los Angeles offer a wide variety of tax resolution services. Our services are for individuals or companies who are dealing with back taxes or struggling to pay their current tax debt. If you need help negotiating a tax relief payment plan with the IRS Platinum Tax Defenders is here. Our team of tax attorneys enrolled agents, and CPAs are available to discuss your case and advise you of options.
WHAT IS TAX RESOLUTION?
Tax resolution includes many services and often goes by various names (IRS representation, tax problem recovery, tax resolution, tax relief). Professional tax relief services help clients resolve their tax debt with the IRS to lessen the deficit significantly.
COMMON TAX RESOLUTION METHODS
The IRS is acutely aware of the tax resolution issues that many hardworking individuals and business owners are facing. Today, they are offering a variety of options to pay down tax debt. Here are some standard tax resolution options:
Installment agreements/payment plans:
Installment agreements are deals with the IRS to pay back your tax debt over a certain amount of time. These types of agreements allow taxpayers to pay in small amounts that are manageable for him or her. An installment agreement prevents the taxpayer’s debt from becoming too overwhelming. Once the taxpayer pays his or her liability in full, the IRS will release any property liens or bank levies.
Partial pay installment agreement:
This method of tax resolution allows taxpayers to pay lower monthly payments than they would in a standard installment agreement. If the taxpayer’s financial situation stays the same over the course of several years, they will continue to pay reduced monthly payments. Those payments will go away once the statute of limitations expires (usually ten years). After the statute expires, the IRS can no longer collect the debt, and the taxpayer will be free from payments. Those who qualify for a partial pay installment agreement will be subject to a thorough financial review. This financial review will assess their financial situation every two years. If your income increases, your payments will increase.
Currently not Collectible:
The IRS may stop collecting payments if they can determine the taxpayer is under “Currently Not Collectible” status. This status is for individuals whose expenses exceed their income.
Offer in Compromise:
If the taxpayer qualifies, an Offer in Compromise agreement significantly lessens the taxpayer’s total debt. When a taxpayer applies for an OIC, the IRS will investigate his or her financial situation. If the taxpayer qualifies for an OIC, they will be subject to periodic reviews of their financial status. This review is to ensure that they can still not afford to make larger payments toward their debt. Applying for an OIC can be a complicated method of tax resolution. We recommend hiring a tax resolution company, such as Platinum Tax Defenders, to assist you.
One-time lump sum payments:
Often, IRS agents will work with you to negotiate a reasonable payback amount. However, you must be able to pay back that total in one lump sum. You can look at it as a discount for paying upfront. If you go this route, it’s advisable that you seek out the help of a tax resolution company. Working with a professional will ensure you agree to the deal that’s best for you.
Staying current on your tax return filings is one of the most vital steps in working with the IRS. Regardless of any other issues with the IRS, you are required to file taxes each year as a U.S. citizen. Just because you cannot afford to pay the charges does not mean you shouldn’t submit them. The IRS will often waive this obligation depending on your income. However, even then, filing a tax return can be a right way of obtaining some refund. At Platinum Tax Defenders we have developed a proven successful process to assist you in filing taxes. We have proven to be accurate on preparing returns, and extensions.
WHAT DOES A TAX RESOLUTION COMPANY DO?
A tax resolution company, like Platinum Tax Defenders, can help you negotiate a settlement for your tax debt. Also, a tax resolution company can put a stop to ongoing collection activity from the IRS. Until you reach an agreement, a tax relief company will put a hold on collection actions.
An experienced tax resolution company can help you with the following:
Provide you with a free consultation:
Before you get started, get a free consultation from a tax resolution company. You can explain in detail your situation to a tax relief professional and see what plan they’d recommend for you. A tax resolution cannot in good conscience agree to help you until they fully understand your tax situation. Call Platinum Tax Defenders today for your free consultation.
Help you come up with a plan to resolve your tax debt with the IRS:
Depending on your unique tax situation, a tax resolution company may help you in applying for an offer in compromise. A tax relief professional can also help you apply for an installment agreement or penalty abatement. You’ll provide your tax resolution company with all the information on your case they need to create the best plan. Your tax resolution professional will then make choices based on your unique situation, with your best interests in mind.
Act as an IRS Power of Attorney:
A tax resolution company will handle all the direct communication with the IRS for you. Tax resolution companies, like Platinum Tax Defenders, are experienced in this type of communication and negotiation. It is much smarter to have someone with experience on your side.
The professional tax resolution team at Platinum Tax Defenders have experience with all levels and areas of tax debt. We work with our clients to put an end to wage garnishment, property liens, and bank account levies. Our team will do whatever we can to negotiate your tax debt with the IRS and devise a resolution.
STRUGGLING WITH BACK TAXES? PLATINUM TAX DEFENDERS CAN HELP
Back taxes are considered any amount of income tax that remains unpaid at the end of each tax year. If you haven’t filed your taxes in more than a year, the back tax debt can add up quickly. Sooner or later, the certified letters from the IRS begin to arrive in the mail. Notes from the IRS can cause severe panic for the average U.S. taxpayer. There is a resolution to most tax issues, and Platinum Tax Defenders is here to offer their expertise and tax resolution services.
If you’ve recently received a letter from the IRS or if you’ve been receiving messages for some time, call us. Platinum Tax Defenders offers tax resolution options and can help you get back on track and settling your back taxes. We work with the IRS on our clients’ behalf to come up with flexible payment plans and settlements.
PLATINUM TAX DEFENDERS TAX RESOLUTION SERVICES
The trusted team at Platinum Tax Defenders have been providing tax relief in Los Angeles since 2011. Our expert team of tax resolution professionals will put an end to those frustrating calls with the IRS. We offer tax resolution services for individuals in Los Angeles who are dealing with paying off their back taxes. It’s our goal to put an end to wage garnishment, property liens, and bank account levies for our clients. Besides, we do whatever is necessary to negotiate your tax debt with the IRS.
Our goal is to help you come up with a workable tax resolution plan. Our team of top tax defenders will:
- Settle your IRS tax debt for a fraction of what you owe
- Remove penalties and interest charges
- End wage garnishment and bank levies
- Settle payroll taxes
- Help you become completely tax debt-free
Our tax resolution experts have resolved tax issues for thousands of clients. We have the tools and experience necessary to solve just about any IRS issue.
CALL US TODAY FOR ALL OF YOUR TAX RESOLUTION NEEDS
The IRS is aware of the financial hardship that tax debt causes for taxpayers. They’re often willing to work within the budget of the debtor. Having a skilled tax resolution professional to negotiate for you can increase your options of obtaining a more affordable payoff plan.
Have you received a letter or notice from the IRS stating their intentions to levy your bank account or garnish your wages? Contact Platinum Tax Defenders as soon as possible to find out your tax resolution options.
Platinum Tax Defenders
WHO WE ARE
Platinum Tax Defenders is a full-service tax resolution firm in Los Angeles that has been helping taxpayers resolve their IRS and State tax issues since 2011. Our team of tax attorneys, accountants, and enrolled agents have a combined more than 90 years of experience in the financial services industry. Our team is ready to provide tax relief services to clients facing wage garnishments, bank levies, liens, and other challenges.
WHAT WE DO
Platinum Tax Defenders is a full-service tax resolution firm that includes a tax attorney, IRS enrolled agents and certified public accountants specializing in providing tax relief services for taxpayers facing IRS or State tax debt. We work with the IRS on your behalf to come up with reasonable payment options and settlements. Our tax professionals are knowledgeable and experts in tax negotiations. The consequences of unpaid taxes vary by each individual taxpayer’s situation. But unpaid tax debt can lead to wage garnishment, property liens, and bank account levies.
Platinum Tax Defenders will help you reach a tax resolution plan before it’s too late. We offer fast response protection to our clients and a commitment to gaining major tax reductions. Whether this is your first time facing a tax problem, or you have previously hired a tax relief firm in Los Angeles to resolve your tax debt, we have a track record of consistently garnering IRS settlements for our clients.
WHY Choose US
At Platinum Tax Defenders, we’ve developed an impeccable reputation for doing what’s best for our clients, 100 percent of the time. We are honest and upfront with you about your tax debt situation, and the type of tax resolution services we can provide. Each individuals’ tax situation is different, and we’ll do whatever we can to negotiate with the IRS to help you reach a tax relief plan that works for you. We are experts in our field and work diligently to resolve the specific tax issues that each of our clients faces. Platinum Tax Defenders offers fair and honest tax resolution services, and you can count on us to operate professionally and legally.
Many tax relief services in Los Angeles tend to make unrealistic promises. You can count on us to always be honest and upfront about your financial situation, and what type of tax resolution results you should expect.