How does Tax Debt Relief work?

July 11, 2024 by Charla Suaste
Tax Professional

In today’s blog, we’re going to talk about how the Tax Debt Relief process at TaxAudit works!

 

You are likely reading this blog because you have some type of tax debt and are trying to find the best, most efficient, and low-cost way to resolve it. If you have done any amount of Googling, you know that there are dozens of companies offering some type of Tax Debt Relief. Or maybe you’ve been clicking around the IRS website and are overwhelmed by the number of programs they offer to indebted taxpayers. Well, look no further – in this blog, we’re going to break down exactly how our Tax Debt Relief service works so you can decide if our company is the best for you.

To start the process, you can either submit a request via our website or chat with someone on our Customer Service Team. Our website or team members will request some basic information from you and then assign your case to one of our tax professionals, who will kick off the process with a free consultation. During this consultation, our tax professional will review your specific situation and let you know how we can help you put a plan in place to resolve your tax debt. If we think we can help, we will then offer you a comprehensive tax debt assessment for $399.

The comprehensive tax debt assessment will start with us assigning a Tax Professional to your case. We will then send you a Power of Attorney form so that we can contact the IRS or state agency on your behalf. In this first call to the taxing agency, we will ask them to place a hold on collections so that we have sufficient time to do a full review of your IRS transcripts.

By looking at your IRS transcripts, we can:

 

  • See which years (if any) have unfiled tax returns,
  • Find out the total amount due,
  • Determine the collection statute expiration date, and
  • Find out whether you qualify for first-time penalty abatement, reasonable cause or for an audit reconsideration (if the tax is based on an audit assessment).


After reviewing the IRS transcripts, we will schedule a call with you and provide a proposal for what we believe will be the best solution for your specific tax debt issue. We will then give you a quote for the specific services we can offer. It is important to note that the solution in your specific case is going to depend on a variety of different factors. Some of these factors could include:

 


We know that you may not be familiar with some of the above-mentioned terms – so if you truly don’t know where to start, you have nothing to lose by contacting the Tax Debt Relief experts at TaxAudit. If nothing else, our free, no-obligation consultation is a great steppingstone to determine the best next steps to resolve your tax debt.




If you’d like to take advantage of this process or just get more information, please click here. We are ready to help!

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Charla Suaste
Communications Content Developer

 

Charla Suaste joined TaxAudit back in 2007 and, over the past 14 years, she has worked in a variety of different roles throughout the organization, including as a Customer Service Representative, Case Coordinator, and Administrative Services Assistant. She now serves as the Communications Content Developer and is passionate about writing, editing, and making even the most complex concepts easy to understand. Outside of work, Charla enjoys traveling, listening to podcasts, and spending time in her garden.


 

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