Frequently Asked Questions
Q: What is tax relief and why haven't I heard of it before?
Q: How much could I save if I took advantage of this settlement?
Q: Could I file the settlement myself?
Q: Couldn't I just go through my CPA or my attorney to do the settlement?
Q: How do I know that I will get my settlement proposal accepted by the IRS?
Q: How long does it take to resolve the whole case from start to finish?
Q: What are your fees?
Q: Will an Offer in Compromise affect my credit?
Q: What if I have other questions?
Q: What is tax relief and why haven't I heard of it before?
A: Tax relief is a program that the IRS put into practice years ago to
allow people to settle their debts for a percentage of the taxes owed.
The IRS does not openly promote this program since it would prefer to
collect the entire tax liability rather than a portion of it.
Q: How much could I save if I took advantage of this settlement?
A: That depends on your specific situation. Variables such as your age, total assets, income, expenses, etc. will affect your total settlement. To get a free assessment of your particular situation and to see how much you can save, call us for a free consultation.
Q: Could I file the settlement myself?
A: Yes. Anyone can file his or her own settlement. However, the IRS scrutinizes each case very closely. If your proposal is not accurate or complete, you may wind up paying much more than you should. Worse yet, the IRS may reject your proposal altogether. Most people find that working with a firm that specializes in settlements actually saves them not only a lot of time and work, but also significant amounts of money. Our staff of professionals knows the critical IRS practices and procedures that others, including most taxpayers, attorneys, and CPAs, do not.
Q: Couldn't I just go through my CPA or my attorney to do the settlement?
A: Yes. Just as you can file your own settlement, so can your tax advisors or your attorney. However, most CPA's and attorneys do not specialize in negotiating settlements with the Collection Branch of the IRS. Some may handle 2 or 3 of these cases a year while we usually handle dozens of cases a month. We complete more settlements in one month than most CPA's and attorneys do in a lifetime.
Q: How do I know that I will get my settlement proposal accepted by the IRS?
A: We take you through a thorough interview to see if you qualify for a settlement. Since we use the IRS guidelines, we can predict with a high level of accuracy if you qualify or not. If we believe that you are not a likely candidate for a settlement, we will let you know before you consider hiring us.
Q: How long does it take to resolve the whole case from start to finish?
A: Most cases are resolved within 1 month to 1 year, depending on the nature and workload of the case involved. Obviously it is in everyone's interest to resolve the case as quickly and efficiently as possible.
Q: What are your fees?
A: Our fee depends on the nature of your case and the workload involved. Since we handle a high number of cases, we are able to pass on the savings to our clients.
Q: Will an Offer in Compromise affect my credit?
A: The Offer in Compromise program will never negatively affect your credit score. It has actually improved some people's credit scores because the potential IRS lien on your credit will be removed.
Q: What if I have other questions?
A: We offer an ongoing Client Support Line. You can call these lines with questions or simply to check the status on your case.
