Tax Resolution

Don't Let Tax Debt Weigh You Down

Take control of your financial future. Let us help you resolve your IRS tax debt and regain peace of mind.

GET IN TOUCH

Don't Let Tax Debt Weigh You Down

Take control of your financial future. Let us help you resolve your IRS tax debt and regain peace of mind.

Get In Touch

Unfiled Taxes

Don't Let Unfiled Taxes Haunt You

Ignoring unfiled tax returns can lead to serious legal consequences, including penalties and potential jail time.

Why Choose  Tax Resolution Accounting?

  • Expert Tax Relief: Our skilled team specializes in resolving complex tax issues, including unfiled tax returns.
  • Peace of Mind: We'll guide you through the process, ensuring compliance and minimizing penalties.
  • Proactive Solutions: By voluntarily filing your delinquent returns, you can potentially avoid severe penalties and criminal charges.

Don't Delay, Take Action Today!

Contact us for a free consultation. Together, we'll develop a tailored strategy to address your unfiled taxes and restore your financial well-being.

Our Simple, 3-Step Process

1

Investigation Phase

The Start of Something New: 2-4 Weeks

We'll begin your IRS tax debt relief process with a comprehensive consultation. During this meeting, we'll gather essential information and documentation to accurately assess your tax situation. Once we have a clear understanding of your circumstances, we'll communicate directly with the IRS or state tax authorities on your behalf. Our goal is to provide you with a transparent and stress-free experience as we work towards resolving your tax debt.

2

Compliance Phase

The Beginning of the End: 1-2 Months

The next phase in your tax relief journey involves addressing any overdue bookkeeping and financial reporting. We'll work diligently to prepare profit and loss statements and complete any outstanding tax returns. By taking these essential steps, we'll position you for a stronger financial future.

3

Resolution Phase

The Last Step of The Process: 6-12 Months

Now, we'll leverage our expertise to negotiate the most favorable tax solution on your behalf. This may involve exploring options like Offers in Compromise or Payment Plans to alleviate your tax burden. Our goal is to secure a resolution that minimizes your financial stress and allows you to move forward with confidence.

Connect With Us

Unfiled Taxes

Don't Let Unfiled Taxes Haunt You

Ignoring unfiled tax returns can lead to serious legal consequences, including penalties and potential jail time.

Why Choose Tax Resolution Accounting?

  • Expert Tax Relief: Our skilled team specializes in resolving complex tax issues, including unfiled tax returns.
  • Peace of Mind: We'll guide you through the process, ensuring compliance and minimizing penalties.
  • Proactive Solutions: By voluntarily filing your delinquent returns, you can potentially avoid severe penalties and criminal charges.

Don't Delay, Take Action Today!

Contact us for a free consultation. Together, we'll develop a tailored strategy to address your unfiled taxes and restore your financial well-being.

IRS Solutions

Audit Representation

Our Audit Representation services handle all IRS communication, minimizing your involvement. We'll navigate the complex audit process, ensuring a smooth and stress-free experience.

Payment Plan

Can’t qualify for an IRS Offer in Compromise? A Payment Plan could be your solution. We’ll help you set up a manageable payment plan to alleviate your tax debt stress.

Offer in Compromise

An Offer in Compromise (OIC) could be your lifeline. Let us help you settle your tax debt for a fraction of the total amount owed. Our experts will guide you through the entire OIC process, providing relief and peace of mind.

Innocent Spouse Relief

Were you unaware that you may not be liable for your spouse's tax debt? Innocent Spouse Relief is a tax law designed to protect victims of spousal fraud or abuse. Don't let someone else's mistakes ruin your financial future. Contact us today to explore your options for relief.

What are liens?

A lien is a legal claim or right to another person's property. When you owe money to the IRS, they can place a lien on your property, such as your home or car, to secure the debt. This can make it difficult to sell or refinance your property.

What are levies?

What Is an IRS Levy?

An IRS levy is a legal action that allows the Internal Revenue Service to seize your property to satisfy unpaid tax debt. This can include garnishing your wages, freezing your bank accounts, or seizing other assets to recover what you owe.


Why Does the IRS Issue Levies?

Unpaid Taxes: If you fail to pay your tax obligations, the IRS may resort to a levy as part of its collection efforts.

Ignored Notices: Ignoring IRS communications can escalate the situation, leading to more severe measures like a levy.


The Impact of an IRS Levy

Financial Hardship: A levy can disrupt your ability to meet everyday expenses such as rent, groceries, and utilities.

Emotional Stress: Facing IRS action can be overwhelming, adding significant stress to your financial troubles.


How to Prevent an IRS Levy

File Your Taxes on Time: Avoid penalties and interest by submitting accurate returns by the deadline.

Pay Your Taxes: Ensure you pay your tax bill in full and on time to avoid collection efforts.

Respond to IRS Notices: Never ignore correspondence from the IRS—communicating early can open doors to payment options or resolution plans.


What to Do If You’ve Received a Levy Notice

Stay Calm: While a levy is serious, there are ways to address it effectively.

Get Professional Assistance: A skilled tax professional can negotiate with the IRS on your behalf and explore options like installment agreements, hardship relief, or offers in compromise.


We Can Help You Resolve IRS Levies

Don’t let an IRS levy take control of your finances. At Tax Resolution Accounting, we specialize in helping individuals and businesses overcome tax challenges. Our team provides personalized support to protect your assets and minimize the impact of levies.

What is a seizure?

What Is a Tax Seizure?


In the realm of taxes, a seizure is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. If a taxpayer fails to resolve their tax debt, the IRS has the authority to seize various assets, including real estate, vehicles, bank accounts, and even wages through garnishment.


How Does an IRS Seizure Affect You?

An IRS seizure can result in severe financial consequences, disrupting personal finances or business operations. Beyond the immediate loss of assets, individuals and businesses may face significant legal challenges and long-term financial strain.


What to Do If You’re Facing an IRS Seizure

If you’ve received a notice of potential IRS seizure, time is of the essence. Seeking professional tax resolution assistance can make a critical difference in protecting your assets. A seasoned tax professional will help you:

  • Understand your rights and options.
  • Navigate complex IRS procedures.
  • Develop a tailored strategy to minimize the impact of a seizure.

What are wage garnishments?

A wage garnishment is a legal process where the IRS can deduct a portion of your paycheck directly from your employer to pay off your outstanding tax debt. This can significantly impact your monthly income and financial stability.


How Does Wage Garnishment Work?


Levy Notice: The IRS issues a levy notice to both you and your employer, informing them of the garnishment.

Wage Deduction: Your employer is legally obligated to withhold a specific percentage of your wages, usually up to 25%, to pay the IRS.

Payment to the IRS: The withheld funds are then sent directly to the IRS to apply towards your tax debt.


Can Wage Garnishment Be Avoided?

While wage garnishment can be a serious consequence of unpaid taxes, there are steps you can take to potentially avoid or minimize its impact:


Prompt Payment: Pay your taxes on time to avoid IRS collection actions.

Payment Plan: Set up a payment plan with the IRS to gradually pay off your debt.

Offer in Compromise: Negotiate a settlement with the IRS to pay less than the full amount you owe.

Innocent Spouse Relief: If you believe you're not responsible for your spouse's tax debt, you may qualify for innocent spouse relief.


Seeking Professional Help

If you're facing wage garnishment or other IRS collection actions, it's crucial to seek professional help. A qualified tax professional can assess your situation, develop a strategic plan, and represent you before the IRS.


By understanding the wage garnishment process and taking proactive steps, you can protect your financial well-being and minimize the impact of IRS collection actions.

Find your way to financial freedom.

financial freedom
We Offer Financing!

Do you want to take control of your tax debt but can't afford the process? We now offer clients access to funds to get started immediately on resolving their tax debt. Keep in mind that the longer you delay filing your taxes, the more penalties you accrue. Chances of liens, seizures, levies, and garnishments are also increased, often resulting in less control over your finances and added stress. We can help you begin this process and are here every step of the way - take control over the direction of your future today!

Contact us today for a free consultation and ask about financing. 

We Offer Financing!

Do you want to take control of your tax debt but can't afford the process? We now offer clients access to funds to get started immediately on resolving their tax debt. Keep in mind that the longer you delay filing your taxes, the more penalties you accrue. Chances of liens, seizures, levies, and garnishments are also increased, often resulting in less control over your finances and added stress. We can help you begin this process and are here every step of the way - take control over the direction of your future today!

Contact us today for a free consultation and ask about financing. 

FAQ

  • Can you tell me more about your company?

    Tax Resolution Accounting, a professional and friendly accounting firm located in Lynchburg. We offer professional tax resolution,  business and personal tax preparation, accounting services , bookkeeping, and more to clients all across the state of Virginia. No firm in Virginia offers you better service for all of your tax prep, business and personal financial service needs than Tax Resolution Acccounting, no one!

    Tax Resolution Accounting provides a personal approach to tax preparation services. Doing your taxes is not only a hassle, it can be downright nerve wracking. Do you have a complicated income? A ton of assets to list? Or do you simply—and reasonably!—feel overwhelmed at the thought of filling out a mountain of tax paperwork? We have a proven track record of successfully serving small businesses, individuals, and non-profit groups for years. We also provide many specialized business services. Tax Resolution Accounting offers tax preparation and filing services at the highest standard of quality to give you the best possible outcome on your return and keep you in good standing with the IRS. Our accountants, IRS Enrolled Agents, and Tax Attorneys offer one-on-one guidance to help you through your tax preparation and more! Tax Resolution Accounting has the expertise you’re looking for whether you’re filing taxes, running your business, or protecting you from aggressive State or Federal Tax Auditors. 


  • What Is Tax Resolution?

    Tax resolution is the process of working with the IRS and tax professionals to find a solution to your tax problems. The IRS might have an issue with your tax return or tax situation for a few reasons. If you have a complicated tax return, for example, the IRS might audit you to verify you are reporting the appropriate amount of income and claiming legitimate deductions. In some cases, the IRS might believe you have underreported your income, and it might want to take a closer look at your tax situation.

  • Why do I need an experienced tax professional or CPA?

    A CPA is the professional you need when taxes and business financials are concerned. A CPA will ensure that your taxes are filed correctly and on time, so you don’t have to worry about it. There are so many technicalities involved with tax preparation that it can be easy to miss something important or fill in information incorrectly. When you hire a CPA, those mistakes won’t be made, because we are specially trained to look for these mistakes and not make them. You can rest assured that your forms will be filled out correctly.

    But having someone to files your taxes isn’t the only reason to hire a CPA. They are eligible to represent you before the IRS in the case of an audit. Additionally, a CPA acts as your trusted advisor when making business and individual financial goals. The professionals at Tax Resolution Accounting help you plan for your financial success. Call us at 434-338-7149 to be connected with our office so we can discuss how our team can serve you.


  • How will Tax Resolution Accounting help my business?

    Having a CPA, such as those at Tax Resolution Accounting, is essential for businesses of all types, from the newest small business to the largest corporation. Even if your business didn’t make a profit or took a loss, you are still required to file your taxes. Your CPA will request that you get your paperwork as organized as you can. Gather receipts and information and have it organized by expense categories. Summarize records and double check your invoices and expense totals. If you have employees, have their payroll information gathered together. Depending on your business size or level of complication of your return, your CPA will outline the things you need to present to them in order for your taxes to be filed. Regardless of the records you need to bring, we will help you have things organized so that when it comes to filing your taxes, you won’t have to lift a finger.

Tax Resolution

Tax Resolution

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Tax Resolution
Tax Resolution

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Tax Resolution

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