Finding a solution to your tax problems can be complicated and frustrating. Taxpayers who attempt to negotiate with the IRS independently often struggle for a long time before they realize they need help to settle their tax debt. S. Renee Stadius, CPA is a respected Northern Louisiana CPA firm that is dedicated to finding solutions for tough tax problems. Take a positive step and call us at (318) 699-0357 today. We work with businesses and individuals in Monroe and throughout the Northern Louisiana area.
Mishandled paperwork, missing forms, or financial hardship can all lead to a failure to file taxes. S. Renee Stadius, CPA understands how this can happen and will assist you in taking the necessary first step of filing your back taxes. We have extensive experience in tax preparation and can work with the IRS to minimize any penalties you face. We will work through whatever issue prevented the completion of your filings and get you back on the right track.
An offer in compromise will help you to resolve your tax debt by allowing you to pay less than the full amount owed. If you cannot pay the full tax bill, or paying the full amount would create significant financial difficulties, the IRS may allow you to exercise this option. They consider income, expenses, and the equity of your assets in determining your ability to pay. We can help you find out if you qualify for this option and assist you in negotiating with the IRS.
An installment agreement is a contract with the IRS that allows you to pay off the balance of your tax debt gradually. This can relieve some of the pressure of having a large debt hanging over your head. A payment plan like this is a good option for taxpayers who are up to date on their tax returns, but don't have the resources to pay the IRS immediately. We'll help negotiate an installment agreement and will work with the IRS on your behalf to make sure you get the best deal possible.
Currently Not Collectible
If your present financial circumstances are very difficult and your tax burden is overwhelming, you may qualify to have your debt declared "currently not collectible." This status protects people suffering with an economic hardship from collection strategies like levies and wage garnishments. S. Renee Stadius, CPA can review the evidence and determine whether or not you can qualify for this status. Then we'll help you to pursue this avenue with the IRS.
IRS Representation and Dispute Resolution
Sometimes, a tax problem may require an appeal to the IRS. This can be a complicated process with quite a few hoops to jump through. It's best to be represented by a Northern Louisiana CPA firm like S. Renee Stadius, CPA who can walk you through the process. There are other avenues of dispute resolution, such as fast track settlements and arbitrations. We can help you navigate these complex solutions and find the best one for you.