Our Services
We have worked on highly sensitive cases that fall under unique circumstances that not every tax professional is equipped to navigate. We are skilled and well versed in all aspects of the IRS, and this extensive real world experience is what gives us the edge in successful resolution.
Our Tax Resolution Services
Providing solutions tailored to your needs.
With each unique case we identify opportunities, mapping various scenarios and outcomes to ensure we are prepared when we present your case to the IRS.
Wage Garnishment
Has the IRS ever withheld a portion of your paycheck? If yes, you’re probably dealing with a wage garnishment. This gives the IRS permission to seize up to 75% of your pay until your debt is paid, and your employer can do nothing about it. Did you know it is illegal for an employer to fire an employee due to wage garnishment? Dealing with this problem is a blow to anyone’s self-esteem, it’s humiliating.
We can help you by attaining a wage garnishment release which will get you out of this situation as fast as possible. Stop waiting for a miracle to happen – Call Tax Resolution Specialists now.
Offer in Compromise
If you can’t make ends meet because you are struggling to repay any amount owed to the IRS, or if your taxes have been incorrectly assessed by the IRS you can get an Offer in Compromise.
This strategy is for those who can’t fully pay off their tax debt, but you have to qualify first before any agreement is discussed. An OIC is a compromise that could cut down the total amount owing by a considerable amount. It could result in a payment of less than one-fourth the original debt. This is an out-of-court agreement created and approved by Congress to help taxpayers, and it stops IRS collections activities. We can help you find out if you qualify.
Bank Levy Release
A Bank Levy Release is pretty similar to a wage garnishment, the only difference is that instead of taking your money from your paycheck, the IRS takes it directly from your bank account.
The best solution to this is a Bank Levy Release, which will stop the IRS from taking money out of your account for the money you owe. Stop wasting your time, it’s time to take action. Schedule your free appointment and stop being confined by the IRS.
Currently Not Collectible
Not everyone has the means to pay their debt and there are some who do not have any source of income to offset the payment. If this is your case, you can declare your debt as Currently Not Collectible. There is an intense qualifying process but once approved all collection activities cease.
Having your account under CNC status means the government will stop coming after your assets with liens or levies, and won’t garnish your wages. However, there is a high chance the government will come after you sooner or later. If your account is in CNC status the IRS has the right to reopen your case at any time.
The one thing you have to consider is that a CNC status does not stop interest or penalties from growing. There is a ten-year Statute of Limitations for back taxes owed, after which the tax debt is forgiven.
If you qualify for this situation, let us face the IRS for you! Call us now and we’ll fight until we win against the IRS.
Installment Agreement
An Installment Agreement is the most common way taxpayers resolve their tax debt. Installment Agreements, or negotiated payment plans, include different types of agreements; formal or informal, streamlined, guaranteed and partial pay.
As common as it is, an Installment Agreement can be tricky. A lot of negotiation and planning goes into settling an installment amount and we can discuss the terms with the IRS for you. We will negotiate these agreements to get the best plan of action for you, under your own terms.
Bankruptcy
Bankruptcy is your last resort. When nothing else works you have the option to file for bankruptcy however, very specific rules and regulations are implemented in order for this to be granted by the IRS.
Liens
Not protecting your assets gives the government the opportunity to take everything away from you. If you don’t pay your tax debt the government can put a tax lien which allows them to legally claim your assets and property. In many cases, paying your debt in full is the best way to get rid of a federal tax lien since the IRS is required to release your lien within 30 days afterwards. Having a tax lien can also affect your credit, making it harder to get loans.
We can defend you by demonstrating that the lien was filed in error, appealing, paying your tax debt in full, making an Offer in Compromise or negotiating an Installment Agreement.
Penalty Abatement
A person can file for a penalty abatement if the person has a reasonable cause for not being able to pay their IRS penalties. It’s a useful tool when negotiating a repayment or Installment Agreement with the IRS. Some of the reasonable causes are:
A death in the family
- A death in the family
- Natural disaster
- Illness
- Divorce
- Lengthy unemployment
- A mistake by the IRS
In order to qualify, the person must show proof of at least three years of paying taxes on time. We can help you get the IRS off your back, start living your best life with Tax Resolution Specialists.
IRS Penalties
A person is legally allowed to have a representative with them during an IRS audit. If you receive a letter from the IRS stating that an audit is coming call us immediately so we can create a strategy, and help defend you.
After the audit, you’ll receive the IRS’s calculation of the total tax, interest and penalties you owe, if any. We can help you get the results you want. Talk to us before consulting with the IRS, we’ll do everything possible to protect your rights and make sure you’re prepared before the audit is complete, as well as negotiate down any penalties.
Our Promise, Our Guarantee
We are committed to giving you an honest assessment and to work with you exploring every option available to you. We do not back down when it comes to the IRS.
I am so fortunate to have found him online and he is the best accountant I have ever worked with… also reviewed past returns and found a HUGE error in a previous return that cost me thousands of dollars! He always makes himself available to answer any of my questions thoroughly… always makes himself available. He won’t steer you wrong.
Jala A.
My debt was assessed at nearly $175,000. Even though a couple of their agents advised against it he made the offer anyway. They didn’t accept the original offer of $21,000 but countered with an offer of $33,000 which I gladly accepted. This experience was one of the most stressful of my life. Thankfully because of Pete not only did I survive but I was able sleep. Before Pete took my case I couldn’t eat or sleep.
Lamont White
Pete and the team at Tax Resolution Specialists are excellent at their craft. I can’t speak any more highly of their professionalism, ability to provide guidance on complicated small business issues, and their attention to detail. I’ve referred them to many friends and family members because I am so confident in the work that they do. Pete literally wrote the book on small business taxes in NJ, and it shows!
Patrick Cronin
Listen if you really need help and you want someone that will sincerely try to help you , go see Pete! He helped me crawl out of the 10 year rock I was under and become a citizen. Now I’m getting a mortgage and buying a home. I’d say 10 stars if they had them because not only is he great at what he does, but he cares about people and their situations. Thanks Pete!
Joey K.
Pete is extraordinary! He is extremely knowledgeable and up to date with all tax laws.He is also one of the most approachable professionals you can ever work with. I had a disastrous situation with my taxes and the IRS and he has assisted me over the last 6 years and helped me get my life back. I am a single professional woman and very intimidated by such things… I absolutely recommend him ,his team and the diligent work they all do. They provide true dedicated service at the highest level- excellence!
HR
Peter is amazing and trustworthy.. I recommended peter and his staff to my friends because of the work they do.. I can sleep good at night knowing my Taxes for my business and personal are in his hands.
Nelson F.
I had a very involved tax issue and my regular accountant assured me he could handle it. Big mistake! I was referred to Pete by a close friend, thank God for that! Pete immediately got involved and straightened out the situation. Pete is one of the most knowledgeable and caring professionals I have ever had the pleasure of working with. I highly recommend Pete for any and all tax problems.
Mark Poplawski
Listen if you really need help and you want someone that will sincerely try to help you , go see Pete! He helped me crawl out of the 10 year rock I was under and become a citizen. Now I’m getting a mortgage and buying a home. I’d say 10 stars if they had them because not only is he great at what he does, but he cares about people and their situations. Thanks Pete!
Joey K.
Peter is very knowledgeable and professional. I highly recommend him for tax matters big and small!
Bruce Dixon
Pete’s a great guy & an excellent CPA!
Robert Everett
Allow us to solve your tax problems for you.
We are here to release the stress, and take on the IRS for you. Everyday you are incurring penalties so get control of the situation and call Tax Resolution Specialists.