IRS Tax Resolution
XeroTax Tax Debt Relief System
XeroTax Resolution System is a full-service tax resolution company serving associations, individual taxpayers, small businesses, and corporations in Los Angeles. Our main aim is to help you solve your tax-related issues while giving you a realistic approach to the solutions of your tax issues and its probable outcomes. Dealing with the Internal Revenue Service (IRS) can be quite time consuming and stressful, especially when you are working on negotiating the due amount. We not only aim at achieving the lowest amount that you can pay to the IRS under the law but also work on making your journey free of stress and anxiety by having our experts deal and communicate directly with the state and federal income tax agencies. We communicate with all the authorities professionally and give you tax solutions that help reduce the due amount.
Unpaid taxes can be a massive strain on you and your company. They become a burden and cause a financial crisis that affects your company. In worse case situations, it might also lead to your business assets or your property being seized. Helping individuals with delinquent taxes is why we are here to help you. We specialize in IRS and related agencies’ tax resolutions and corporate tax filings, which is why you can rely on us for your tax-related issues.
The IRS has specific guidelines and rules under which your due amounts would be lessened. This does not imply that all companies and individuals that have a substantial amount of delinquent are eligible for a decrease in their due amounts. The state and federal income tax agencies have their set laws under which amounts are weived or decreased.
To navigate the IRS and efficiently reduce your due amount, you need to hire professionals who have detailed knowledge of the law and how it functions. XeroTax Resolution offers professional and efficient IRS tax resolutions and assists you in your journey until you are relieved, provided you are eligible for the concession.
We are an experienced and ethical team of tax lawyers and attorneys who obey the law and stand by you, creating a bridge between our client and the IRS to achieve solutions through fair means without disturbing or disrupting the law. Our team consists of:
- Certified Public Accountants
- Enrolled agents
Wage garnishment and asset seizures are two of the biggest weapons of the IRS to make tax defaulters pay their dues. If you happen to skip out on one of your tax bills or for some reason you are not able to pay your taxes for a while, the IRS will make you pay your debt at any cost. However, we are here to protect your assets and help you legally deal with the latter.
As a committed tax relief firm in Los Angeles, we provide:
- Protection of your assets and income
- Help so that you stay off the radar
- Favorable solutions
- Explanation of the processes of the IRS
- Interpretation of tax laws
Why Chose Us?
If you are looking for a tax relief firm that offers efficient IRS tax resolutions and corporate tax filings, you are just at the right place! XeroTax Resolution System is an experienced and competent tax relief firm that works for the people in accordance with the law. Our in-depth knowledge of the legal requirements and proceedings of the IRS helps us give you tax solutions to reduce your debt amount to the minimum. Our experienced practitioners will study your case thoroughly and file petitions for your tax relief.
Your stress is now ours!
Dealing with vast amounts of past-due taxes can be quite strenuous and disturbing for you and your organization. It can restrict you from concentrating on other vital elements of your personal and professional life. Our tax relief services are exactly what you need because we take over the responsibility of communicating with various authorities, which is quite time-consuming and stressful in itself!
Not only do we ensure that you do not have to answer multiple people, we also make sure that your journey is not stressful, and you can focus on other core activities of your organization. Your mental peace is our priority, and our experts work in unison to get you solutions at the earliest.
Tax Relief Solutions
We are aligned with professional tax resolution companies that specializes in helping individual and business taxpayers with Federal IRS and State tax debt. Please view our services below, and let us know how we can help resolve your tax concerns.
Offer in Compromise (OIC)
If you can’t pay your full tax debt, or if paying it would create a financial hardship, an offer in compromise is a great option. An Offer in Compromise allows you or your business to settle a tax debt for less than the full amount owed. The process of submitting an Offer in Compromise and receiving an outcome takes between 4-12 months. While the offer is processing, there is a hold on all collection activity. A Tax Hardship Center Accountant makes sure you are eligible before entering you into this worthwhile process.
Release of Federal Tax Lien
The Fresh Start Program increased the amount that taxpayers can owe before the IRS will generally file a Notice of Federal Tax Lien. The amount is increased from $5,000 to $10,000. Typically, a taxpayer must pay the debt in full before the lien is removed, however, some taxpayers qualify to have their lien notice withdrawn if they meet certain requirements. See if you qualify to have your lien withdrawn by speaking with our tax professionals.
Release of Wage Garnishment
The IRS can garnish your wages by sending the employer a Wage Garnishment Letter to withhold a certain percentage of each and every paycheck. The withholdings will be sent to the IRS as a payment on the past due to taxes. A financial document must be filled out and submitted to the IRS in order to remove the wage levy. Other alternatives are to enter into a payment plan or an OIC once you’ve been qualified.
Currently Not Collectible (CNC)
If a taxpayer is in a financial crunch because little to no money is left over after paying monthly bills, CNC may be the appropriate option. This program allows taxpayers who are experiencing a financial setback to get back on their feet. The individual or business who owes is not obligated to pay any amount and the IRS ceases all collection activity. For those who are currently struggling to make ends meet, currently not collectible status is a great option.
Penalty Abatement (PA)
Penalty abatement is best coupled with a taxpayer or business who is paying the tax liability in full. Penalty abatement is utilized when the taxpayer does not qualify for an OIC and plans to eventually pay the liability. Penalty abatement is a remedy to a taxpayer who has back taxes due and in turn a large sum of penalties that have added as a result. For this, an accountant drafts a letter to the IRS and attaches it to form 843 for submission.
Installment Agreement (IA)
Sometimes paying your tax debt immediately isn’t an option due to the lack of funds. You can make monthly payments through an installment agreement. An installment agreement is a payment plan. The IRS considers your case resolved once entered into an IA. The IA will also cease involuntary collection activity by the IRS. Therefore, the IRS will not garnish your wages, issue a bank levy, etc. while you are actively participating in your IA.
IRS Bank Levy
This is one of the harshest collection mechanisms the IRS uses to collect an outstanding tax debt. An IRS bank levy is the seizure of funds from your bank account in order to satisfy the unpaid tax debt. The IRS places a 21-day hold on the bank until funds are remitted to the IRS. Please contact us immediately for a higher probability of retaining your funds.
The income tax service fulfills personal and business needs. The tax preparation department handles current tax filings as well as past due tax years that were never filed.
READY TO RESOLVE YOUR TAX PROBLEMS!
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We can help you make your dream of owning your own business a reality. Contact us today at 800-237-2227 or request your inquiry through our website for more information.
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