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TAX DEBT RESOLUTION

Depending on your unique facts and circumstances, we can help you qualify for 1 of 3 outstanding IRS Tax Resolution Programs.

Currently Not Collectible

The Internal Revenue Service (IRS) will place a taxpayer’s account in a Currently Not Collectible (CNC) status when they have determined that the IRS is presently unable to collect the taxes from the taxpayer by full payment, through an Installment Agreement or by way of an Offer In Compromise. Once the account is placed in a Currently Not Collectible status, the IRS does not pursue collection activity against the taxpayer and the statute of limitations on the tax liabilities will continue to run. Generally, unless the taxpayer’s financial situation changes, the account will remain in a Currently Not Collectible status until the tax liabilities expire. For more in depth info . However, if the taxpayer’s financial situation improves the account will be taken off of Currently Not Collectible status so that the IRS can collect the taxes through full payment or an Installment Agreement.

Installment Agreements

An Installment Agreement with the IRS allows taxpayers that cannot afford to full pay their back tax liability the option to pay their back taxes through monthly payments. There are guidelines regarding how the IRS determines the payment amount and time frame for the agreement. Additionally, a taxpayer must be compliant with all past tax filings before establishing the agreement. Depending on the circumstances and the amount of time that the IRS has left to collect the tax debt, the Installment Agreement may pay all or part of the back tax liability. Unfortunately for many taxpayers, they end up with monthly payments greater than they can reasonably afford causing them a financial hardship. In many situations like this, the taxpayers end up defaulting on their Installment Agreement causing the IRS to begin collection activity all over again. Therefore, it is important to have an affordable Installment Agreement established properly the first time.

Offer In Compromise

An IRS Offer in Compromise with the IRS allows taxpayers that cannot afford to full pay their back tax liability the opportunity to settle their tax debt for less money than what they owe. If you qualify, an Offer in Compromise can reduce IRS debt and save you thousands of dollars!

The IRS sets guidelines for accepting an Offer in Compromise. The IRS looks at a taxpayer’s past, current and future financial situation when evaluating whether an Offer in Compromise should be accepted. It is important to know what aspects of a taxpayer’s situation the IRS is looking at when filing an Offer in Compromise. Not everyone qualifies for an IRS Offer in Compromise, as each person’s financial situation is different. Additionally, the length of time varies but the average time it takes is generally is 9 to 12 months.

20
Years Experience
200
Successful Resolutions
50
Low Offers Accepted

What Our Clients Say

I liked him. You meet with him, and he is good about gauging how aggressive you want to be with deductions and stuff. He charged like $300+ with a freelancers union discount of like 10%. So far I've only been with him for 1 tax year, but he saved me way more money than when I calculated my tax liability on my own. I would definitely suggest him.
Jane D.
It's that time of year again, I am ready to book my annual tax appointment and am SO looking forward to going back to Jonathan Medows! He's extremely professional, efficient and is an absolute pleasure to work with! I have recommended several friends and family members and will continue to do so!
Noelle N.
Jonathan and his team have been my accountants for many years. Terrific, on-time, approachable, hyper-professional, never dropped a ball. Jonathan and his office are excellent at both small-business and individual returns, including more complex ones (multi-state, K-1 partnerships, int'l tax credits etc.), and can be trusted to minimize your due taxes while of course fully adhering to the law.
Tal L.
Jonathan and the entire team is always responsive and available any time I have a question. I have been going to Medows CPA for years! I recommend him to all of my friends, many of whom are now clients of his... If you like to TRULY understand whats happening to your $$... I highly recommend them. He is always there for anything and they are so patient!! I always have lots of questions. 🙂
Goura R.

Request a Consultation

At Jonathan Medows, CPA, we offer a FREE no obligation confidential consultation to personally evaluate your unique tax situation. During this call we will evaluate your facts and circumstances and recommend the best course of action to resolve your tax matter.

We can help protect your money and bank account from aggressive IRS collection activity. To find out how we can help you, please contact us for a FREE consultation.