TaxResolutionProfessionals

IRS tax debt forgiveness is when your debt to the Internal Revenue Service gets forgiven. Here we go through three forms of IRS tax debt forgiveness that we see most often: 00:35 Offer In Compromise 1:40 First Time Penalty Abatement 3:34 Tax Debt Expiring Offer In Compromise guide: https://trp.tax/tax-guide/how-to-do-your-own-offer-in-compromise/ First Time Penalty abatement guide: https://trp.tax/tax-guide/first-time-penalty-abatement/ Tax Debt Expiration Dates information: https://trp.tax/tax-guide/csed-irs-states/ For our do it yourself guide go to: https://trp.tax/taxhelp/ To schedule a free consultation you can call us at (888) 515-4829 or fill out a request on our scheduler: https://trp.tax/start/

For many cases, the easiest way to release a levy, sometimes referred to as a garnishment, by the IRS on Social Security benefits is to place the case into Currently Not Collectible status. Most people who have Social Security is their main or only source of income will qualify. The information the IRS asks to place your case into CUrrently Not Collectible Status is based on Form 433F: https://www.irs.gov/pub/irs-pdf/f433f.pdf Information on Currently Not Collectible Status: https://trp.tax/tax-guide/currently-not-collectible Get help from our expert tax attorneys by calling (888) 515-4829 or going to: https://trp.tax/start/ Doing your case yourself? Check out our free tax help guide by going to: https://trp.tax/taxhelp/

The IRS can levy your Social Security retirement benefits, survivor benefits and Social Security disability payments. The IRS will not levy Social Security children's benefits, Supplemental Security Income or lump sum death benefits (categories the IRS does not go after anyway most the time). For information on releasing your IRS Social Security Levy see here: https://www.youtube.com/watch?v=FRKtTpHCgPM Offer In Compromise Guide: https://trp.tax/tax-guide/how-to-do-your-own-offer-in-compromise/ Currently Not Collectible Status Information: https://trp.tax/tax-guide/cnc-tax-program-review/ IRS Payment Plan Guide: https://trp.tax/tax-guide/irs-payment-plan/ To get help from our expert tax attorneys, call us at (888) 515-4829 or go to: https://trp.tax/start/ If you are doing your case yourself, check out our free tax help guide: https://trp.tax/taxhelp/ Got a question and need an answer? Just post your question below and one of our expert tax attorneys will answer!

Here we go through the different letters you can get from the IRS by USPS Certified Mail. If it's coming from the IRS by Certified Mail, it's important. Common types of IRS Certified Mail letters are: 0:39 CP 504 Notice 1:05 CP 90 Final Notice of Intent To Levy 1:45 CP 2000 Underreporter Inquiry 2:18 Notice of Deficiency 2:59 Notice of Filing Federal Tax Lien 3:42 Tax Return Questions from the IRS 4:18 Innocent Spouse Relief Determination Setting up IRS payment plans: https://trp.tax/tax-guide/irs-payment-plan/ How to get an Offer In Compromise from the IRS: https://trp.tax/tax-guide/how-to-do-your-own-offer-in-compromise/ Tax relief help guide: https://trp.tax/taxhelp/ Contact our tax law firm to get help with your case. Call us at (888) 515-4829 or go to: https://trp.tax/start/

The CP91 notice letter from the IRS indicates that a Social Security levy is on its way if you do nothing. Here we go over how you can prevent that levy from actually happening. https://trp.tax/irs-debt/irs-notice-cp91/ Many are going to get a 15% levy on their benefits, but some may get less. Do it yourself free tax relief help guide: https://trp.tax/taxhelp/ Get help from our expert tax attorneys by calling (888) 515-4829 or going to: https://trp.tax/start/

Your tax relief options might be different than they were pre-pandemic. For some people they may not have changed at all. Here we go through the most popular tax relief options for 2021. Subjects by timestamp: 0:41 Offer In Compromise 2:04 Currently Not Collectible status 3:14 Payment Plan with potential Penalty Abatement To get help from our expert tax attorneys, call us at (888) 515-4829 or go to https://trp.tax/start/ to schedule a consultation. Written version of this video: https://trp.tax/tax-guide/tax-relief-2021/ Offer In Compromise guide: https://trp.tax/tax-guide/how-to-do-your-own-offer-in-compromise/ Currently Not Collectible Status guide: https://trp.tax/tax-guide/currently-not-collectible/ Comparing Offer In Compromise vs Currently Not Collectible: https://trp.tax/tax-guide/offer-in-compromise-vs-currently-not-collectible/ Information on expiring tax debts: https://trp.tax/tax-guide/csed-irs-states/ Innocent Spouse Relief guide: https://trp.tax/tax-guide/innocent-spouse-relief/ Our free tax relief help guide: https://trp.tax/taxhelp/ Got a question about your tax debt? Post below and one of our expert tax attorneys will answer!

Let's go over when the IRS actually takes collection action by garnishing your wages or levying your bank account. Look out for Letter 1058 or an LT11 Notice. About 30 days after the date on one of those letters, the IRS will usually attempt to garnish and levy. If you are doing your case on your own, see our free tax relief help guide: https://trp.tax/taxhelp/ If you would like our expert tax attorneys to help you, call us at (888) 515-4829 or go to: https://trp.tax/start/

First time penalty abatement guide: https://trp.tax/tax-guide/first-time-penalty-abatement/ Free tax relief help guide: https://trp.tax/taxhelp/ Get help from expert tax attorneys by calling us at (888) 515-4829 or going to: https://trp.tax/start/

The California Franchise Tax Board is notorious for setting out bank levies to people long after they have left the state. While some of these might be based on legitimate debts many of these are based on assumed debts that California comes up with for you. The FTB will use things like professional licenses or business licenses to come up with a balance. Often people never get the paperwork regarding the balance and then they eventually get a bank levy. Here we explain what might be causing your debt and had to deal with it. Check out our free tax help guide, that includes FTB Offer In Compromise at: trp.tax/taxhelp Get help from our expert tax attorneys by calling us at (888) 515-4829 or going to: trp.tax/start

Getting an Offer In Compromise accepted with the FTB can often be harder than getting one for the IRS. Often a tax debt case ends with an IRS Offer accepted and an FTB balance with a payment plan. Here are 5 tips to help you get a successful Offer In Compromise for the FTB: 1. File all required tax returns 2. Submit all required documentation 3. Fill out your forms as accurately as possible 4. Recognize that your age is a factor being considered by the FTB 5. If they do not accept your initial amount, ask how much will they accept See our FTB Offer In Compromise guide: trp.tax/tax-guide/ftb-offer-in-compromise/ Check out our free tax help guide: trp.tax/taxhelp/ Get help from our expert tax attorneys by calling (888) 515-4829 or going to: trp.tax/start/

Here we go through the three different types of Offer In Compromise: 1) Doubt as to Collectibility 2) Doubt as to Liability 3) Effective Tax Administration Doubt as to Collectibility is the most common type and is based on financial data. The other two are more difficult to get accepted most of the time. https://trp.tax/tax-guide/types-of-offer-in-compromise/ IRS Pre-Qualifier Tool: https://irs.treasury.gov/oic_pre_qualifier/ Free Tax Relief Help Guide: https://trp.tax/taxhelp/ Get help from expert tax attorneys: https://trp.tax/start or call (888) 515-4829 Post questions or comments below!

California FTB Audits the majority of the time is based on an IRS audit. California mirrors the results and prorates it for the amount California taxes. You then get a notice from the FTB called a notice of proposed assessment. From there you can either agree and pay or you can file a protest by the date in the letter. Usually 60 days after the notice date. If you are facing an audit and need help, give us a call at (888) 515-4829 or go to http://trp.tax/start https://trp.tax/irs-debt/california-ftb-audits-explained

The number one problem when hiring a tax relief company is that they will close on you. Historically, there have been many that just do nothing on the cases as well. That does not seem to be as much of a problem as it was in the mid-2000s, but still, it does happen. They also charge a lot more than most tax attorneys and do a less thorough job. The main problem with tax relief companies is they can close on you. Just Google JK Harris, American Tax Relief, or Blue Tax. Those are a few examples that have gone into dust and left the clients hanging. Also, some tax cases are so easy it's just easier to do it yourself. Many tax relief companies and even tax law firms will try to hit you up for a fee when it's not needed. Some cases are so easy you would waste more time filling out their paperwork than resolving it yourself. Some cases are super simple and you do not need our help. Some people just don't want to deal with the paperwork and that's a reason to hire someone. If you only got Social Security as your source of income with no significant assets you probably will get a settlement pretty easily. Just follow the guides linked below. Here's something no other tax lawyer or tax relief firms will tell you: If you do not fill out your forms correctly, the IRS will just ask for more info. If you cannot afford help, just fill out a settlement on your own. Our guides cover the process from start to finish. I f you come across something and need a question answered, just comment on our video and one of our tax attorneys will do our best to provide an answer so you can get it in. There are a lot of people out there that just need a case done but can't afford help. Our mission is to help you save the most money. At TRP, we don't care if you hire us or not, we're here to help you save as much as possible. See our free tax help guide here: https://trp.tax/taxhelp/ If you think you could benefit from the help of a tax attorney, schedule a consultation with one of our expert tax attorneys here: https:/trp.tax/start/ https://trp.tax/tax-relief-companies/should-i-hire-a-tax-relief-company/

Here we answer another commonly asked tax relief question: Do tax settlement companies really work? The answer is yes if they stay open long enough and your numbers actually work for a settlement. The list of tax relief companies that are no longer open goes on and on. Some names include JK Harris, American Tax Relief, and Blue Tax. Clients typically get left in the dust with no one to complete their case. If you hire a tax law firm instead to complete your case, they are obligated to complete it. If they cannot complete it for some reason they are obligated to transfer your case to a competent attorney. Otherwise, the attorneys can get suspended or even disbarred. Tax relief companies are owned by unlicensed professionals and generally are a corporation or LLC. If their finances go bad there is no liability they can just close on you. Unfortunately, this happens quite often. That's why we would not recommend hiring a tax relief company. Also some cases where a tax relief company, and even some tax attorneys, may try to get you to hire them, are actually super simple and you can do it yourself. If you are doing your case yourself check out our free tax help guide here: https://trp.tax/taxhelp If you would like to schedule a consultation with one of our expert tax attorneys, go here: https://trp.tax/start/ https://trp.tax/tax-relief-companies/do-they-work/

You definitely can negotiate with the IRS on your own and in some cases, it might even be easier than hiring someone to do it for you. Many tax relief companies will try to get you to hire them when you really do not need any help at all. For a lot of taxpayers, the best result is a basic payment plan and a first-time penalty abatement. Also, if you only get Social Security and do not have any significant assets, you can probably get a settlement on your own, but many people may want to hire someone because they do not want to do the paperwork. Information on the IRS Fresh Start program with 2021 updates: https://www.youtube.com/watch?v=cEtwHGET3_A If you are doing your own tax relief case, check out our free tax help guide here: https://trp.tax/taxhelp/ If you would like to schedule a consultation with one of our expert tax attorneys, go here: https://trp.tax/start/ https://trp.tax/tax-guide/negotiate-irs-yourself/

Here we go through the situations where you probably should not hire a tax attorney and when it may be worth it to do so. For a written version of this guide, see here: https://trp.tax/irs-debt/should-i-hire-a-tax-attorney/ Free back taxes help guide: https://trp.tax/taxhelp/ Schedule a consultation with one of our expert tax attorneys: https://trp.tax/start/ https://trp.tax/irs-debt/should-i-hire-a-tax-attorney/

Here's how you send mutiple tax returns together for the IRS or state: 1) Put each tax return in it's own envelope and label it with the tax year 2) Place the nevleopes into the larger envelope you are going to mail 3) Mail it out USPS Certified Mail with Return Receipt List of tax return mailing addresses (if the IRS gives you a specific different address over the phone or in a letter, mail there. If they did and you mail to the standard addresses listed in the link, it still gets there just gets forwarded and lags): https://www.irs.gov/filing/where-to-file-paper-tax-returns-with-or-without-a-payment Written instructions for this video: https://trp.tax/tax-guide/sending-multiple-tax-returns/ Free tax relief help guide, including complete Offer In Compromise instructions: https://trp.tax/taxhelp/ Schedule a consultation with one of our expert tax attorneys: https://trp.tax/start/

Many people that get a cancellation of debt Form 1099-C from a credit card company can get out of it. Basically, if you are insolvent (meaning you got more debt than equity overall in everything), you can get out of it and it won't count as income. The guide here applies to when you are not in bankruptcy. The catch is many tax preparers do not do this on their own, they just add it as income unless you tell them. The easy way to do this is just to have a tax preparer do your taxes, let them know you are insolvent and that you need a Form 982 filed with your tax return. You can also do it yourself. Just check out the form and Line 1B plus do the insolvency worksheet. Include Form 982 with your tax return. It's really that easy. Download Form 982: https://www.irs.gov/pub/irs-pdf/f982.pdf Worksheet to determine insolvency on page 6: https://www.irs.gov/pub/irs-pdf/p4681.pdf Free back taxes help: https://trp.tax/taxhelp/ Schedule a consultation with one of our expert tax attorneys: https://trp.tax/start/ https://trp.tax/cancellation-of-debt/avoid-canceled-credit-card-debt-taxes/

It can change quite a bit, but on average from our cases: Wage Earners with simpler financials: 5-9 months Self-employed Individuals: 7 months to 1.5 years Now, these time frames might go up or down, but the IRS technically needs to respond within 2 years. Yes, there are some cases that go really close to that 2-year mark and if an appeal is required, maybe even longer. That's a reason to look out at the billing practices of the tax firm you hire. Sometimes endless monthly fees can drag on while the IRS is just sitting on your case. During that time, nobody is doing any work on it from the tax firm's end.

Call (866) 962-3707 and ask them to change your filing from monthly to yearly. Just a quick way to save some time. Free tax relief help: https://trp.tax/taxhelp/ Schedule a consultation with one of our expert tax attorneys: https://trp.tax/start/

An IRS Offer In Compromise is a tax settlement for less than the balance owed. Here we go through the disqualifications for an IRS Offer and the forms needed to complete it. Please note: The IRS still is using the 2020 version of forms we cover in this video for 2021. This guide includes instructions on the 2020 Offer In Compromise forms for Wage Earners and Self Employed Individuals. The forms covered are Form 433-A(OIC) and Form 656. These both can be found in the Form 656 Booklet that you can download here: https://www.irs.gov/pub/irs-pdf/f656b.pdf You can see our full webpage version of the Offer In Compromise Guide with forms here: https://trp.tax/tax-guide/how-to-do-your-own-offer-in-compromise/ The written guide on filling our IRS Form 656 is here: https://trp.tax/tax-guide/how-to-fill-out-irs-form-656/ The written guide on filling our IRS Form 433-A(OIC) is here: https://trp.tax/tax-guide/how-to-fill-out-form-433-a-oic/ Send all correspondence with the IRS by certified mail with return receipt. This information is not legal advice, just our attempt to give out as much free data as possible to help those that cannot afford a tax attorney and anyone to better understand the process. Consult with a tax attorney for your best options and legal advice. Seem too confusing and you owe over $20,000? Call us at (888) 515-4829 for a consultation with one of our tax attorneys. You can also schedule an appointment directly here: https://trp.tax/new-client-intake/ This guide is not legal advice. Submit settlement at your own risk.

Here we go through the IRS First Time Penalty Abatement process. This process gets missed by a lot of tax relief firms and tax attorneys. Download the sample letter here: https://trp.tax/wp-content/uploads/2016/12/First-Time-Penalty-Abatement-Sample-Letter.docx Check out the written guide here: https://trp.tax/tax-guide/first-time-penalty-abatement/ And see our overall tax help guide here: https://trp.tax/taxhelp/

Check out our free tax help guide here: https://trp.tax/taxhelp/ You can ask a question on any of our guide articles, this video or other videos on our channel and a qualified tax attorney will answer within a business day. Please do not call our office asking general questions, we will not be able to help. If you are looking for an attorney take over your case completely, schedule a consultation with one of our tax attorneys here: https://trp.tax/start/

NYS Offer In Compromise on Sales Tax is a common thing we are asked about. To put it simply, the most common best result for these cases is just being liable for paying back the base tax amount. This means you end up paying the actual tax due, not the penalties and interest. NYS also gives quite a bit of time to pay it back without changing the Offer amount. For IRS income tax offers, we generally re doing the shorter payoff offer, where you got 5 months to pay off the balance. The IRS also has a 24-month payoff option, but in many cases that increase the offer amount. Links: NYS Offer In Compromise - Start to finish guide: https://trp.tax/tax-guide/nys-offer-in-compromise/ TRP Free Back Taxes Help Guide: https://trp.tax/taxhelp/ Schedule a consultation with an expert tax attorney: https://trp.tax/start or call (888) 515-4829 https://trp.tax/tax-guide/nys-sales-tax-oic/

Form for the type of Michigan OIC discussed here: https://www.michigan.gov/documents/taxes/OIC_Ind3_09-11-17_600284_7.pdf Michigan OIC written guide: https://trp.tax/tax-guide/michigan-offer-in-compromise/ Check out our free tax help guide here: https://trp.tax/taxhelp/