Michael D. Sullivan, a Former IRS Agent, leads a nationwide team of tax professionals at MD Sullivan LLC, based in Florida. Our team includes experienced Tax Attorneys, Lawyers, CPAs, Enrolled Agents, and ex-IRS Agents, offering over 250 years of combined IRS resolution experience. We specialize in resolving IRS back tax penalty cases efficiently and effectively. Michael D. Sullivan provides immediate representation to stop IRS intrusions into your business and personal life, ensuring peace of mind. For IRS tax relief, expert tax solutions, and top-tier tax services in Florida, trust MD Sullivan LLC.
If the result of this calculation is greater than your IRS financial debt, You do not qualify for an offer in compromise; if The end result is lesser than or equivalent to your IRS debt, keep heading.
If prosperous, an OIC can drastically cut down your tax burden and assist you to shift forward with no continuous strain of looming credit card debt.
If you are behind on taxes or getting it not easy to keep up with your IRS payments, Here i will discuss five tax relief choices that may assistance.
Tax year can be tense more than enough on its own, but when you are facing a significant tax Monthly bill or are still working with delinquent tax debt from years prior, it may experience downright overpowering. All things considered, The inner Revenue Services (IRS) isn't really accurately known for its leniency, and tax credit card debt can speedily come to be overpowering if left unaddressed.
Following we evaluate all apps, We are going to deliver the highest qualified applicants into the choosing official.
This system is created to promptly and relatively resolve APA requests determined by principled and cooperative negotiations amongst the IRS, treaty associate tax administrations, along with the taxpayer.
Qualified taxpayers IRS offer in compromise who didn't file have to file a tax return to claim a Recovery Rebate Credit score, even though their earnings from the work, business enterprise or other supply was nominal or non-existent.
Waivers might be immediately utilized, which means taxpayers who qualify will not likely should consider any motion by themselves to take advantage of the relief.
Right after acknowledging that you've got completed the initial part of the Examination you might no longer be capable of access the initial section in the take a look at content, which includes building variations for your solutions.
The waivers is going to be mechanically utilized, indicating people that qualify will not likely should get any action on their own to take advantage of the relief.
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Among the biggest frustrations people have with their tax financial debt is the accumulation of penalties and fascination.
Our seasoned accountant roles can be found with numerous business divisions, specializing in much more advanced conditions, letting you to use your accounting abilities on extra intricate regions of tax regulation and for more substantial entities.
The company ideas to start out sending out special reminder letters in January 2024 to inform filers in their present liabilities, tips on how to pay back and the level of penalty relief, if used.