Tax Relief & IRS Representation
If you’re struggling with a tax problem – We can help you!
Navigating taxes can often feel like being lost in a maze—confusing, overwhelming, and full of challenges. You might be dealing with unfiled returns, a tax lien or levy notice, or struggling with back taxes that only seem to grow with time.
You’re not alone. Many people struggle with similar tax challenges, feeling the stress and burden intensify over time. Whether it’s unfiled returns, liens, levies, or mounting back taxes, it’s important to remember that these problems are not insurmountable. With the right approach and expert guidance, you can overcome them. Your local Fort Worth tax relief professionals at TaxWorx are here to help you find solutions and regain control of your financial future.
Whether you’re an individual navigating personal tax obligations or a business owner managing the complexities of payroll taxes and deductions, there’s a path to resolution. With the right guidance, resources, and professional support, you can address your tax issues and restore peace of mind.
We understand how stressful tax issues can be, but acting quickly is the first step to resolving them and easing the burden. No matter the problem, tax relief is within reach. On this page, we’ll guide you through some common tax problems and potential solutions, with the goal of helping you find that path and begin your journey towards financial stability and tax compliance.
Unlike most other Fort Worth tax firms we specialize in Tax Relief.
You’re not hiring someone who occasionally dabbles in this area of practice. You’re hiring the Fort Worth tax relief specialist, unlike general accountants, we focus exclusively on tax resolution and stay up to date on the latest strategies to achieve the best outcome for you.
Would you hire a bankruptcy attorney to handle a divorce? Of course not, it’s a different specialty! Don’t trust just any accountant with your tax problem. Choose a dedicated professional who understands the complexities of IRS issues and is fully equipped to help.
Our Tax Relief Process
Once you become our client you won’t have to deal directly with the IRS anymore. If they they need information or want to speak with you, they’ll have to come through us. During the investigation phase we will be gathering information, pulling transcripts, and finding out what the IRS knows about you.
Once we’ve collected all the information, we’ll schedule a follow-up meeting to review your resolution options. Please note that not everyone qualifies for every program, and it’s often not possible to determine your eligibility during the initial consultation.
Common Tax Problems
Federal Tax Liens (FTL)
Federal tax liens may be filed against you, your spouse, or your company depending on how the tax liability was incurred. When an FTL is filed everything you own is in jeopardy of being taken by the government.
Unfiled Returns
Having unfiled returns is one of the most common tax problems. It doesn’t take much in life for tax returns to not be a priority. This is something you’ll want to address quickly; failing to file your tax returns is ultimately a criminal offense. If you do not file, you can be prosecuted and punished, possibly with jail time.
Bank Levy
A levy is the IRS’s way of getting your money and your immediate attention. What they are saying is, “We have tried to communicate with you, but you have ignored us. If you own it, we can take it.” That includes bank accounts, autos, stocks, bonds, boats, pension checks, paychecks, and even Social Security checks!
Wage Garnishments
As bad as a bank levy is, a worse problem is a wage levy (or garnishment). That is when most of your paycheck goes to the IRS or State, which can often leave you barely enough to pay the bills. This can also be embaressing as they will send the request directly to your employer.
Payroll Tax Problems
One of the most serious tax problems is the failure to collect, account for, and pay to the government any payroll taxes that were, or should have been, withheld from employees. These are referred to as “trust funds” and are vigorously collected using the most aggressive tools available to the government.
Seizures of Assets
The last resort in most cases is the taking of physical assets, such as your home, car, or boat. Seizures happen in aggravated cases when someone ignores repeated requests by the IRS over a long period. This is one of the most powerful tools in the IRS arsenal.
Potential Solutions
Offer In Compromise (OIC)
The idea of the Offer in Compromise program is to give you a fresh start with the IRS. The OIC is one of the best tools in the tax relief toolbox! It allows you to pay an amount you can afford regardless of the amount you owe. Once your offer is complete you are back in the good graces of the IRS!
Installment Agreement
Installment Agreements are one of the most common tax resolution solutions. This is where you can get more time to pay the tax you owe by setting up monthly payments. Having an installment agreement in place will ensure that the IRS does not proceed with any further collection actions like liens or levies.
Penalty Abatement
How does the IRS expect you to pay what you owe when they keep adding penalties and interest? I’m happy to tell you that in some cases it is actually possible to get some of those penalties reduced or removed all together.
Audit Representation
Nothing strikes fear more than receiving an IRS or State Audit letter in the mail. Audit Specialists are trained to get information out of taxpayers that’s why it’s important to find a qualified representitive to help you through the process.
Innocent Spouse Relief
Did you know that it’s possible to get relief from tax debt problems created by your spouse? Innocent Spouse Relief exists to clear up situations where one spouse is clearly not responsible for the tax liability created by their spouse or former spouse.
Bankruptcy
Contrary to what you may have heard, taxes can be dischargeable in bankruptcy. Back taxes, interest, and penalties may be erased. Bankruptcy is often a last resort, but in certain cases can be the best option. I am not an attorney but I have relationships with local attorneys who specialize in bankruptcy law.
Get Started with TaxWorx
Fill in the form below and we'll contact you to schedule a free case evaluation! During the evaluation we'll discuss your specific situation and create an action plan to end your tax problem!