Internal Tax Resolution

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Tax Resolution Services

Tax resolution options depend almost exclusively on your unique back tax situation. Given that back taxes problems vary greatly from person to person, tax resolution strategies need to be as customized as possible in order to be truly effective. So if you're looking for genuine assistance with your back taxes, turn to the professionals you can count on for thorough, personalized service: Internal Tax Resolution! We'll work with you to devise a back tax relief plan that appropriately suits your particular case, ultimately providing you with the most favorable back tax resolution possible. Backed by some of the most savvy tax lawyers and accountants in Minneapolis, our team will help you eliminate your state or IRS back taxes with efficiency and simplicity.

When it comes to tax resolution, there's no one right way to create a plan. That's why the specialists at Internal Tax Resolution of Minneapolis work with the most advanced tools and tactics available to lead you to a mutually beneficial solution with the IRS. Every situation is different, but we're the group of professionals that knows how to work cooperatively with state and federal tax authorities, applying all of the appropriate tax laws to your unique case. We're determined to get you the most agreeable outcomes when it comes to paying your back taxes! Call the tax attorney team at Internal Tax Resolution for help with:

Penalty Abatement

If you forgot to pay your taxes, the consequence is back taxes in the form of hefty fines and skyrocketing interest. In addition to the interest that the IRS can charge for unpaid taxes (usually 4% annually), your back taxes penalties can grow close to 50% of the total tax owed! But even if you owe a considerable amount of back tax, don't panic: the tax authorities are more sympathetic than you might think, and they understand that, oftentimes, there are legitimate reasons for not paying your taxes. In fact, the IRS is usually very willing to work with individuals to remove or greatly reduce penalties to more manageable amounts. Thankfully, the tax attorneys and CPAs at Internal Tax Resolution of Minneapolis are extremely knowledgeable about every corner of local and federal tax laws, and taking your particular back tax situation into account, we can help you qualify for penalty abatement. In order to qualify for penalty abatement, the IRS requires proof of "reasonable cause" for late or non-payment of taxes, and our tax lawyers will help you submit all of the necessary paperwork and evidence to support your claim. Reasonable causes may include:

• Death of a close family member
• Unavoidable absence (e.g. prison, rehab)
• Destruction of tax records (due to fire, flood, or disaster)
• And more

Penalty abatement is never a guarantee, but if you present your case in the best manner possible with the help of Internal Tax Resolution, your back taxes woes will be a thing of the past.

Offers in Compromise

Are you willing to settle your IRS back taxes completely for less than the full amount owed? Then an offer in compromise is the ideal solution for you. This kind of tax debt settlement is between you (the taxpayer) and the IRS, so you'll need an expert tax attorney to help you negotiate. Internal Tax Resolution can be the liaison between you and the IRS, helping you reach the tax debt settlement you need. However, the IRS only accepts offers in compromise under three circumstances:

• Doubts regarding the collectibility of the tax debt (i.e. the IRS does not believe they will ever be able to collect the full amount of back taxes owed due to the size of the debt in relation to the taxpayer's income and assets)
• Mitigating circumstances (including evidence that collecting the debt would cause economic hardship or would be otherwise unfair)
• Doubtful taxpayer liability for the taxes owed

Bank Levy Releases

If you owe tax debts to the IRS, the federal government is legally permitted to seize money from your bank account(s). When this happens, your bank is instructed by the tax authorities to freeze your account for 21 days, after which period the IRS may withdraw funds that will cover your owed back taxes, penalties, and interest. This may seem like a massive inconvenience, but the real hassle is trying to get your money from the tax authorities once it has already been seized. That's why it's absolutely crucial that you take the appropriate steps as soon as you receive notice that a levy has been placed on your account—before the IRS withdraws any funds. When you call Internal Tax Resolution of Minneapolis, we'll help you settle with the IRS swiftly in order to have the bank levy released. If you do this, then you'll have the opportunity to resolve your back taxes debt on mutually agreeable terms, rather than having the IRS simply remove money from your bank account.

Property Lien Releases or Withdrawals

When you don't manage to settle your back taxes problems right away, the IRS might opt to place a lien on assets like your home or business in order to ensure the debt will be paid. Property liens are immediately inconvenient, as the IRS has a claim against your property, but they can become even more frustrating down the road as they make it extremely difficult to get a loan, new credit card, or approval for a mortgage. So if you've had a lien placed on one of your assets, call the tax attorneys and accountants at Internal Tax Resolution for help. We'll negotiate a settlement with the tax authorities that will ultimately release the lien and provide you with the back tax help you need to settle your debts. Wave goodbye to your IRS lien and get your life back on track when you call our team today.

Innocent Spouse Relief

If you and your spouse chose to file joint tax returns one year, then you are both equally accountable for all of the taxes, interest, and penalties incurred, no matter what. However, the tax authorities understand that there are certain circumstances under which it simply isn't rational to hold one spouse liable for the couple's total tax debt. Hence, the creation of the innocent spouse option. At Internal Tax Resolution of Minneapolis, we'll help you file for innocent spouse relief and work with you to decide which type of innocent spouse relief suits your situation. There are three different kinds for which you might qualify:

• Separation of liability: Reallocation of the understatement of taxes between the spouses (or ex-spouses) based on how much each party is responsible for
• Classic innocent spouse relief: Full relief of one spouse's responsibility for paying any of the understatement of taxes owed
• IRS equitable relief: Partial relief of some of your tax liability if the IRS determines it would be unfair to hold you liable, even if you do not qualify for either of the previous types of innocent spouse relief

Wage Garnishment Relief

If you owe back taxes, the IRS may also deduct money from your paycheck in order to cover the amount owed. Known as wage garnishment, this process can understandably cause serious financial problems for you and your household. So if you've received a wage garnishment from the IRS or local tax authority, call Internal Tax Resolution. Our expert tax lawyers help you release the levy on your wages by negotiating an offer in compromise, payment plan, or other back tax resolution option. To put an end to this type of levy, we can even help you prepare and present evidence of financial hardship as a result of wage garnishment.

Installment Agreements

Because tax debt settlements may still end up beyond your financial means, Internal Tax Resolution is available to help you plan an installment agreement. This option will make it possible for you to repay your IRS back taxes through several different payments over an extended period of time. However, we do recommend paying as much as possible right off the bat, as high interest rates are known to accumulate quickly. Our CPAs will work with you to determine the best options for your payment plan, making it as simple and hassle-free as possible for you to repay back taxes in an affordable, timely, and favorable manner. To get back in the good graces of the tax authorities, contact our tax attorneys today.

When you need back tax relief, our tax lawyers and CPAs will put our 25 years of experience to work to bring you effective back tax help and resolution services. To regain your sanity and put a stop to IRS back taxes problems, call Internal Tax Resolution of Minneapolis now!