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Common Tax Problems

Your Tax Problem

Common Tax Problems and Solutions

  • Facing a large tax debt: Solution – consider setting up a payment plan with the IRS odr look into tax debt settlement options such as an Offer in Compromise offered by our company. An Offer in Compromise (OIC) is a tax debt settlement program offered by the Internal Revenue Service (IRS) in the United States and by state tax authorities. It allows taxpayers to settle their tax debt for less than the full amount owed. Essentially, an OIC is a proposal by the taxpayer to pay a reduced amount as full and final payment of the tax debt. The taxpayer must show that paying the full amount owed would create an undue financial hardship, or that the amount owed is incorrect or cannot be fully paid within a reasonable period of time. The IRS reviews each OIC on a case-by-case basis and considers factors such as the taxpayer’s income, expenses, and assets to determine the taxpayer’s ability to pay the full amount owed. If the OIC is accepted, the taxpayer can avoid further collection efforts and the debt will be considered paid in full.

  • Receiving a tax lien or wage garnishment: Solution – resolve the issue by paying the debt in full or negotiating a payment plan with the IRS. Fortress Tax Relief can negotiate with the IRS for you and set up installment agreements, which can be the best way to resolve your tax liability.

  • Failing to file taxes: Solution – file all past-due returns as soon as possible to minimize penalties and interest. We offer a Penalty Abatement service, which is an alternative method of reducing the amount of tax debt.Penalty abatement is a tax relief service offered by Fortress Tax Relief to help taxpayers reduce the amount of tax debt they owe. The service focuses on reducing or removing penalties that have been imposed by the Internal Revenue Service (IRS) or state tax authorities for failing to comply with tax laws, such as filing taxes late or failing to pay taxes owed.The process of obtaining a penalty abatement involves submitting a request to the IRS or state tax authority, explaining why the penalties should be removed or reduced. Fortress Tax Relief can assist you in presenting your case and negotiating with the tax authorities to reduce or remove the penalties, resulting in a lower amount of tax debt owed.It is important to note that not all penalties are eligible for abatement and the tax authorities have discretion in granting or denying requests for penalty abatement. However, if you have a valid reason for the penalties, such as financial hardship or a reasonable cause for not complying with tax laws, Fortress Tax Relief can help you navigate the process and increase your chances of success.

  • Facing a tax dispute: Solution – work with a tax professional or the IRS to resolve the dispute or consider hiring a tax attorney. Our tax attorneys provide a wide array of services for back tax related issues and can help you determine the best back tax relief strategy for your specific needs.