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Q: What is an
Offer in Compromise?
A: It is a tax relief is a program wherein the IRS will settle a tax debt,
whether personal or business for less than the amount owed if a Taxpayer
qualifies.
Q: Why would
the IRS want to settle a tax debt?
A: The IRS understands there are situations in which they will not be able to
collect the entire amount of tax a citizen owes no matter what they do or how
hard they try. By agreeing to settle a tax debt, the IRS brings the Taxpayer
back into the system. The Taxpayer is required to stay in compliance and pay
their taxes on time after tax relief is granted. It's a win-win situation for
the Taxpayer and the IRS.
Q: How do I
know if I qualify for tax relief?
A: Our tax counselors can quickly determine if you qualify for tax
relief. Even if we determine that you do not qualify for an Offer in Compromise,
you may still qualify other types of tax relief like Penalty Abatement, Innocent
Spouse or Trust Fund Recovery. We can also arrange a manageable installment
agreement with the IRS for you.
Q: I have a
bank levy or garnishment on my wages. What can you do about that?
A: We can remove the levy in most cases on the same day you call us, if you
qualify. We can also place a collection hold on your tax account to give us time
to work out a tax relief solution for you.
Q: The IRS
keeps sending me letters and calling me. I don't know what to do or what to say
to them.
A: At Priority Tax Relief we protect and represent you to the IRS. No
more upsetting calls or threatening letters. This means that you will not have
to speak to the IRS we will negotiate on your behalf and provide you with the
relief you need now.
Q: I have
unfilled tax returns and I have lost all of my records. Do I need to file them?
A: To qualify for tax relief, all tax returns must be on file with the IRS. We
can help you reconstruct your income and we will prepare all past due tax
returns for you.
Q: What do you
charge for your services?
A: Our fees are based on each individual case. All PTR Services are provided on
a flat fee bases with NO ADDITIONAL CHARGES. Our fee will cover all aspects of
your tax relief case from start to finish. This includes all your research,
documentation, paperwork, follow up negotiations and any hearings before the
Appeals Division of the IRS.
Q: What about
these commercials I see that promise to settle my case for pennies on the
dollar?
A: When most people hear the phrase pennies on the dollar, they think 2 or 3
pennies on the dollar. You will notice that the advertiser does not mention how
many pennies on the dollar they can settle your case for. Some citizens indeed
qualify to settle their cases for 2 or 3 cents on the dollar. The IRS average
settlement is for 12 cents on the dollar. Depending on your circumstances, you
may qualify to settle for more or less.
Q: Can the IRS take my house?
A: The IRS often threatens taxpayers with seizures of their home, cars and
retirement accounts. We can stop these threats and provide the protection you
need to make a smart decision.
Q: I have more
questions. How can I contact you?
A: For a FREE Colorado Tax
Consultation call 888-776-7770.
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