If you can afford to pay the taxes in question, do so. If you cannot pay the taxes within the timeframe the IRS is requesting, you need to protect your assets from collection and then negotiate a payment arrangement, an Offer in Compromise, or an uncollectible status.→Return to top
Do not avoid the problem. Call the IRS before they call you, or have a tax professional represent you.→Return to top
If you are experienced with the IRS or state collection divisions, you may be able to resolve the issue yourself. If not, professional advice will help you determine the best tax resolution strategy for your situation. Taxes are not a good "do-it-yourself" project.→Return to top
Larson Financial can order your account transcripts from the IRS and state taxing authorities, or help you understand a transcript that you have ordered. Our experienced staff can break down the file into an easy-to-understand document that clarifies your principal liability, along with any penalties and interest.→Return to top
Contact the appropriate person in the tax office managing your case, which unfortunately is easier than it sounds.
Three things are certain with the government: paperwork, procedures and deadlines. But it's tough to know who to contact and how to ask the right questions. Larson Financial makes it simple by handling the paperwork, understanding the procedures and clarifying deadlines. We will proactively contact the IRS to determine where you stand in the collection process.→Return to top →Return to top
Yes, Larson Financial can help release wage garnishments executed by states or the IRS, often effective immediately.→Return to top
A lien is a claim on an asset that the government uses to secure a debt. A levy, or bank levy, is when the government actually takes money out of your bank account. They may also levy a business's accounts-receivable.→Return to top
Many companies advertise that they can settle your taxes for "pennies on the dollar." This is possible in rare occasions, through the Offer in Compromise program. Less than 1% of people qualify for this. Contact Larson Financial to learn if this option can work for you.→Return to top
The federal government eliminated debtor's prison long ago. Currently, people go to jail only for tax evasion, or the willful exercise of not paying taxes on money earned.→Return to top
In theory, accountants and attorneys may represent you in state or federal tax issues. In reality, it depends upon their specific area of practice. Unless your accountant or attorney regularly works with collection authorities, they may not have the practical understanding of someone who works exclusively with the collection divisions of the IRS and states, as Larson Financial does.→Return to top
Our approach saves clients valuable time and money. Because of our expertise in collection procedures, we can effectively communicate with revenue officers across the U.S. via fax, email and phone. In fact, revenue officers prefer such contact because it eliminates the need for time-consuming and uncomfortable face-to-face visits.→Return to top
We strive to save our clients money, time and stress. Just as there are many different tax related problems, there are many options for tax resolution. Call us at 888-902-0778 for a free consultation. In a few minutes we will help you to better assess what options are best for your unique situation.