Taking Steps to Correct Errors on Your Tax Return
Preparing and understanding tax returns can be complex and challenging. Even professionals sometimes struggle to ensure every number and detail is accurate. Often, mistakes are only noticed when the IRS sends a notice regarding discrepancies. If you find yourself in this situation, it’s crucial to know…
Important Factors to Consider When Choosing a Tax Resolution Firm
Nobody wants to find themselves at odds with the IRS, yet countless taxpayers face this situation every year. With increasing enforcement efforts by the IRS, more individuals are receiving notices and communications from the agency, and you could be one of them. If you receive a…
How to Avoid 4 Tax Resolution Company Rip-Offs!
When needing tax resolution, finding the right tax professional to help you with your situation can be challenging. With a lot of confusing information and false promises out there, how can you be sure you’re hiring a qualified and reliable tax resolution specialist? If you’re…
Possible Tax Resolution Strategies to Ease Your Mind If You Owe Money to the IRS
For honest taxpayers, receiving a letter from the IRS can be extremely daunting. Unlike most other government agencies, the IRS has the power to attack your wages, freeze your bank account, and even confiscate your property, which is enough to send shivers down any taxpayer’s…
The Biggest Mistake Tax Payers Make – Avoid Paying Back Taxes
One of the biggest mistakes taxpayers make is failing to pay their back taxes. This is a common problem for many Americans, especially those who are self-employed or have multiple sources of income. When you owe back taxes, it can be tempting to ignore the…
How to Avoid a Surprise Tax Bill & What To Do If You Receive One
Tax filing season is here again, and millions of hardworking Americans are already dreaming of those big refund checks. Unfortunately, many people may be disappointed this year. Taxes can be a complicated and often stressful aspect of personal finance. Nobody wants to be caught off…
Saved My Retirement Savings
Client owed $72,394 to the IRS and $20,976 to the state of New York. BTA brought the client into compliance by preparing 5 tax returns, obtained an accepted Offer-in-Compromise with the IRS in the amount of $650 and set up a small installment agreement with the state.
Small Business Owner
Client owed the IRS $147,000. Business Tax Advisors facilitated an Offer-in-Compromise for $420.
SELF-PREPARED OIC
Client prepared his own Offer-in-Compromise and, just like 70% of self-prepped OICs are, it was rejected. Client owed $36,768 to the IRS. BTA secured an accepted Offer-in-Compromise in the amount of $50.
ENTREPRENEUR
Client was at his wits end. He owed the IRS over $2,000,000 and did not have the ability to pay even close to that amount. IRS was threatening jail time if the client did not perform. After conducting discovery, BTA was able to prevent the tax balance from being transferred to the criminal investigation unit, […]