Our Investigation process begins by filing a Tax Authorization Information Form 8821 with the IRS and/or the appropriate form for the State Taxing authority on your behalf in order to obtain a complete record of your account. Your dedicated practitioner will then make a phone call to the dedicated priority practitioner services line in order to determine additional important information regarding your tax liabilities. At the same time, our investigative team will analyze your financials and compare them to the IRS or applicable state’s allowable standards in order to determine the best course of action given your specific situation. Upon completion of our investigation, you will be contacted with our findings, and be given your options with regards to resolving your tax issues once and for all.
The resolution phase of our process begins by gathering more in depth financial information and supporting documentation in order to prepare an in depth proposal for submission to the IRS and/or State. Many resolutions require significant follow up, and contact with the IRS and/or State. The length of time to obtain a resolution of your tax liabilities can last anywhere from 1 week to as long as one year, and depends on the program for which you qualify for. Upon completion of the resolution, we will contact you to explain the specific details of your resolution, and give you any important information necessary to ensure that this problem doesn’t reoccur. Delgado Family Tax will also remain on file as Power of Attorney to guarantee that there are no complications. During the course of our tax resolution program and beyond, you may get in touch with us at any time with questions, concerns or changes you may have to make. Our team is here for you and our goal is to not only fix your tax issues, but to keep you tax debt free in the future, and become your destination for all future tax needs.
The Offer-in-Compromise can be a life-saving form of tax resolution for those who truly need it. On average people who settle their debt using an Offer-in-Compromise end up paying less than 20% of the actual amount they owed to the IRS.
If you cannot pay your tax debt in full, the IRS may agree to let you pay it off gradually in monthly installments.
Penalties can quickly turn a tax debt situation from bad to worse. With our penalty abatement assistance, the added penalties to tax obligations may be removed. Remember, a penalty abatement only applies to penalties. The IRS does not currently abate interest. To accomplish a penalty abatement, an individual can submit proof that they missed payments or filing deadlines or other noncompliant behavior for uncontrollable reasons. In addition, they must show that they are working to rectify the problem by filing any missing forms or returns and paying the required balances.
We find that taxpayers do not file tax returns for one or more years for various reasons and the problem can become overwhelming. Missing all or a portion of their records, personal hardship and/or neglect are one of many reasons people fall behind in filing their taxes. Fortunately, there are ways to approach the problem of unfiled returns.
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