If the IRS Says You Owe Them
$10,000 or Less…
You’ll Want to Read this Information!

It’s important to understand that if you get on the IRS’s radar, even owing a few thousand in unpaid taxes can balloon as sizable penalties and fees are attached to the unpaid amount.

Owing the IRS any amount can snowball into a mess if not resolved.

Because of those growing penalties and fees, owing less than $10,000 is still a matter that needs solving sooner than later. If ignored, it will cause you severe problems.

Whatever amount you owe, the IRS will apply interest, a “failure to pay” penalty, and if appropriate, a “failure to file” penalty.

They may not seem like much initially, but they’re compounded in various ways, so if you ignore solving your debt, in no time, it’s a much bigger problem.

  • Interest accrues on any unpaid tax from the due date of the return until the date of payment in full. The interest rate is determined quarterly and is the federal short-term rate plus 3 percent. Interest compounds daily.
  • If you file a return but don’t pay all tax owed on time, you’ll generally have to pay a late payment penalty. The failure-to-pay penalty is one-half of one percent for each month, or part of a month, up to a maximum of 25%, of the amount of tax that remains unpaid from the due date of the return until the tax is paid in full. (this may look small but it will compound very quickly)
  • If you owe tax and don’t file on time, there’s also a penalty for not filing on time. The failure-to-file penalty is usually five percent of the tax owed for each month, or part of a month that your return is late, up to a maximum of 25%.

Keep in mind, all of these fees are compounded, so the longer you go without paying off your debt, the more these extra amounts will be adding up, making your debt increase at an alarming rate.

Starting out with a less-than-$10,000 debt to the IRS can and will explode past $10,000 debt pretty quickly.

That’s just the beginning…it can easily get worse!

Because you are here, we’ll assume you’re receiving IRS notices or demands for payments, and maybe the IRS may be threatening to or has decided to put a lien on your assets, like your home, car, property, and bank accounts.

A quick note for you, a lien is basically a legal claim to your assets that they’ve earmarked. If you sell any of those assets, the IRS has a right to the proceeds.

We want to let you know that, unless you’re financially broke, the IRS is not going to let you pay pennies on the dollar. Forget about the radio ads you hear about paying nothing. They’re just trick ads to get you to call. They’re preying on your emotions.

The quickest way to stop a lien is for you to pay the full amount, but if you’re cash tight, as many of our clients who hired us to help them are, your other option is a payment plan, such as a Guaranteed Installment Agreement.

irs tax lawyer

"Jerry and his team solved my tax problem perfectly and saved me a LOT of money in the process. I had spent a couple of years with a firm that pretty much didn't do a whole lot (except take my money) and I watched my debt grow huge with penalties and fees. After I quit them, the IRS started hounding me again, and it was just unbearable. Jerry took the reins, analyzed my problem, and worked out a fantastic deal with the IRS very quickly, unlike the other firm. I'm so happy, I can't say enough. Thank you, Jerry, thank you!” — R Waites, Sarasota, FL

Something important that you should know, though: payment plans do not stop the interest accumulation.

Here’s another fact you should know: you can enter into a payment agreement with the IRS and not pay for an expert like us to do it for you, but will that get you a deal that you can afford?

With our tax negotiating expertise, we’re pretty sure we can get you a better payment arrangement.

But we need to know the facts. Most importantly, we need to know what the IRS knows.

Under this plan, as long as you pledge to pay off your balance within three years, no specific minimum payment is required.

But if you’re reading this, it’s a pretty good bet that you’re not wanting to deal directly with the IRS – and that’s where we come in.

Let us take care of everything for you. We speak their language, which means we can get you a better deal.

First, we do need to assess your situation, as you may be compounding your situation with added penalties and fees, whatever the amount.

In order to do that assessment, we’d need you to give us Power of Attorney (POA) to represent you and to contact the IRS directly, on your behalf

Once we understand your situation, we can negotiate with the IRS to reduce (or waive) those extra fees and set up a payment plan (installment agreement) that you can live with.

Just click one of the Free contact methods below and we can have a conversation about your specific situation and how we can handle everything for you. And we’ll discuss the cost for us to protect you from the IRS so you can go about your daily life without the feeling they’re looking over your shoulder 24/7.

Turn over dealing with the IRS to us and get behind our shield of protection. Be sure to schedule a Free consultation.

Your Best Course of Action is to
Contact Us for a FREE Consultation!

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We look forward to speaking with you and solving your tax debt matter!

Our Tax Resolution Process

Phase 1: Discovery and Investigation

Step 1: Discovery – A FREE 15-minute call. We’ll ask you a few questions to determine the best way we can help you, so you can decide if we’re the right choice for you.

Step 2: Transcript Investigation – If you want us to help you, the next step is to get your IRS tax transcripts. It’s the information and filing records the IRS is using against you. It’s the foundation for us to develop a resolution plan for your specific situation.

The investigation will also tell us if the IRS considers you compliant or non-compliant. If you’re non-compliant, you cannot negotiate or make any offers to the IRS. We can work with you and the IRS to get you compliant, if that’s needed.

And lastly, we search to find out if the IRS has any open investigations on you that you’re not aware of.

Phase 2: Protection, Resolution Strategy, and Compliance

Step 1: Protection – This means you assign your tax problem to us. By executing a Power of Attorney, it informs the IRS Revenue Agents and Officers assigned to your case, that you’ve assigned us as your fiduciary to handle your situation.

We take over all communication with the IRS at this point. You focus on your day-to-day life. We keep you posted on what’s going on.

Step 2: Resolution Strategy – Having a clear understanding of your status with the IRS, we’ll create a resolution plan and discuss it with you. We’ll know if an Offer in Compromise is possible. There could be a better option. We’ll also know the Statute of Limitation for your situation – in some cases, it’s better to wait things out. You’ll have a clear picture of the outcome, and the cost to get you there.

Step 3: Compliant or Non-Compliant – Being “compliant” means that all tax returns for every tax year are filed and there are no issues. This is the point where, if you are non-compliant, we need to get you compliant. The IRS will not negotiate until you are compliant. This step is required before any offers can be submitted. We’re an IRS-proof CPA firm, we’ll get you compliant.

Phase 3: Resolution, Keeping You Protected, Celebrate

Step 1: Resolution – Once the IRS considers you compliant, we’re able to start negotiating with the IRS and get you the best possible deal. We push until we can’t push any further.

Step 2: Keeping You Protected – Keep in mind, while all this is happening, the Power of Attorney is protecting you as long as you’re meeting your obligations. We’ll continue handling all the IRS letters and calls. We’ll always keep you up to date on what’s going on via email and/or calls.

Step 3: Celebrate – Once we receive a final agreement from the IRS, we want you to celebrate and we’re going to help. You’ll receive a gift from us to get the celebration started.

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