These are the main Resolutions the IRS offers.
1. Streamline Installment Agreement with Penalty Abatements $1,500 – This is a resolution where the tax payer is not in a hardship situation and makes more than enough to pay their IRS debt. All Streamline Installment Agreement Resolution includes ALL First Penalty Abatements that qualify. We will also help you to write letters and see if you qualify for other penalty abatements the IRS offers.
2. Partial Payment Installment Agreement $3,000 – This is a hardship resolution agreement that will lower the total balance you owe. If you have little monthly income but you have assets such as a home, 401k, or stocks, then this resolution is for you. Your payment will be minimal and you will “ride out” your tax years until they expire in 10 years or less. They will most likely file a lien on your assets until the agreement is over.
3. Currently Non Collectible $2,500 – This is a hardship resolution agreement where the IRS determines that you cannot make any payments AT THE MOMENT. They will stop your payments BUT interest and penalties will continue to accrue. They will also put a lien on your assets.
4. Offer in Compromise $3,500 – This is a hardship program where the IRS allows you to settle your tax balance for less than the full amount owed. The IRS will consider your unique set of facts and circumstances and factor in your income, expenses, your assets, and ability to pay. Unlike other tax relief companies who charge a percentage of what your tax debt is, no matter how much you owe the IRS, our fee stays the same. The reason is because it’s the same work and we feel transparency is what people want.
STATE SERVICES
Installment Agreement – $1,500 or $750 if we are doing your Federal Resolution
Offer in Compromise – $3,500 or $1,750 if we are doing your Federal Resolution
REVENUE OFFICER or IRS AUDIT – $2,000 in Addition to Resolution
If you have been assigned a Revenue Officer or the IRS audits you.
Tax Preparation and Filing
For 95% of clients, you will have simple returns of either a W2 or 1099 or a combination of both. If you have complex returns, please call and we will give you a quote based on the complexity of the tax return. Complex returns include but are not limited to, Trusts (Form 1040 or Form 1041), Capital Gains and Losses, Education, Foreign Accounts or Investments, Real Estate/Rentals, Corporations, Exempt Organizations, and Partnerships, Selling a Business, Stock Sales, etc…
Easy – Up to 5 1099 and W2s – $10 Each additional W2 or 1099.
Tax Preparation and Filing Fees – Includes Federal and State
1 year – $500
2 years – $950
3 years – $1,350
4 years – $1,700
5 years – $2,000
6 years – $2,250
If you do not have all of your documents (like W2 and 1099), we can still prepare your taxes. We will order Wage and Income transcripts as a substitute for your tax documents.