TAX ADVOCATES
Our mission at Integrity Tax Advocates is clear and straightforward; to provide Americans all over the country to deal with overly-aggressive tax collection processes and policies conducted by State agencies and the IRS.
Integrity Tax Advocates is a leading company in our sector. Our experts adopt proven strategies to help you with your tax issues.
We can conduct a tax audit, helping you avoid bank levies and wage garnishments and reduce your tax debt. In certain circumstances, we can achieve a considerable reduction in the amount of tax you owe the IRS.
At Integrity Tax Advocates, we have experts ready to resolve your tax issues, save you money, and do it quickly.
WHO IS INTEGRITY TAX ADVOCATES?
Dealing with the IRS over your tax issues can seem scary and overwhelming. The situation can seem even worse if you have slipped into collections. Having an unpaid tax bill, you risk bank levies, wage garnishments, interest payments, and penalties.
If you haven’t filed a tax return, have outstanding tax liabilities, or have an IRS audit pending, a tax advocate may be the best option for resolving your issues. Tax advocates can also assist you with collections, providing guidance and advice on setting up a payment plan or hardship agreement. We can also negotiate on your behalf to achieve a compromise that allows you to achieve IRS compliance.
UNDERSTANDING TAX ADVOCATES: COMMON TAX ADVOCATES OPTIONS
As a taxpayer, the IRS offers you various options for paying your tax. Here are four of the most commonly available payment options:
1. Installment agreement
If you require an extended period of time to pay off your tax bill, the IRS will typically accept a payment plan, also known as an installment agreement. Individuals who have a balance over $25,000 are required to use direct debit. Businesses with balances over $10,000, must also pay with by direct debit.
2. Offer in Compromise
If you are experiencing extreme financial hardship, the IRS may allow you to resolve your tax debt for less than what you owe. Called an Offer in Compromise, the IRS extends this is an option only when a taxpayer has proven that they are unable to pay their debt in full or that doing so would create a significant financial hardship. The IRS considers the following factors when deciding if a taxpayer qualifies for an Offer in Compromise:
- Your income and expenses.
- Any assets you may have.
- Ability to pay.
3. Penalty Abatement
If you’re facing penalties for not filing or paying your taxes on time, you may be able to get those penalties removed through either a penalty abatement or a penalty adjustment. Abatement is the elimination of an assessed tax liability, while an adjustment is simply a reduction or alteration of it. In some cases, you can even get past penalties and interest refunded.
4. Request for an Extension
If you have the ability to pay your balance in full but need some time to get the money together, the IRS will allow you to request a one-time extension. You can request up to 120 days to pay your tax balance in full. It is important to keep in mind that the IRS will apply a 0.5% penalty per month for the unpaid balance and will only allow you to make this extension once. If you do miss the extension date, you will fall back into collections.
Tax Relief in Disaster Situations
Americans that have been affected by hurricanes, floods, wildfires, pandemics, earthquakes, and other natural disasters could be offered special tax advocates. Disaster victims may qualify for extensions and could possibly claim casualty losses on their federal income tax returns.
Coronavirus Tax Relief
As part of the U.S. government’s ongoing response to the Covid-19 pandemic, some tax rules have changed, and new coronavirus tax advocates initiatives may be available. Find the latest coronavirus news for taxpayers, families, business and tax-exempt entities on our blog.