Tax Relief FAQs | American Tax Settlement

Tax Relief FAQs

 

What is tax relief?

Tax relief is any IRS program or policy designed to help qualified taxpayers manage, reduce or settle their tax debt. American Tax Settlement LLC specializes in finding the best possible solution for your tax issues through a wide range of services.

How does American Tax Settlement LLC work? 

American Tax Settlement LLC serves its clients in a revolutionary two-phrase approach to tax relief that consists of an investigation phase and a resolution phase. First, our experienced investigation team will contact the relevant taxing authority to conduct a 360-review of your tax file to find the best possible solution to your tax issues. Then, our highly successful team of tax attorneys, CPAs, and Enrolled Agents (EAs) will work with the IRS on your behalf to secure the best outcome possible.

How long does the tax relief process take?

Every case is different, and each comes with its own unique challenges. Although most tax relief cases are resolved anywhere from 2 to 12 months, we will be able to give you a better timeline once we determine the complexity of your case. The timeframe will vary based on the client’s level of cooperation and the response time from the relevant taxing authority. Rest assured; we will do all we can to get you the best possible result in the quickest time possible.

How much will ATS save me?

Each case is unique. It’s important to manage expectations and understand that we may not be able to save you any money at all. We have been very successful in resolving, reducing, and settling tax debt for those clients who qualify. In fact, we have resolved over $1 billion in tax debt for our clients. Once we evaluate your case, we will be able to determine what, if any, tax resolution options you qualify for.

What does a free tax relief consultation cover?

During your free, no-obligation tax consultation, one of our knowledgeable tax associates will review your case and discuss the services we offer that can help solve your tax issues.

What do I do if I receive an IRS letter?

Receiving an IRS notice in the mail can be scary, but the situation can be less daunting if you know what to do. If you’re an American Tax Settlement LLC client, you should notify your case manager of any new notices you receive. Learn more about what to do when you receive an IRS notice

Tax Resolution

What tax resolution options are available to me?

We offer a variety of tax resolution programs, from installment plans, to offers in compromise and much more. Each tax situation is unique. View our list of tax resolution options

Will an Offer in Compromise affect my credit?

An Offer in Compromise will not directly affect your credit score. However, liens may be filed with a submission for an Offer in Compromise.

What types of tax professionals at American Tax Settlement LLC will work with the IRS on my behalf?

Our team of tax attorneys, CPAs, and Enrolled Agents who are qualified to represent you before the IRS also specialize in understanding the tax law and how it applies to your current tax situation.

Tax Preparation

How does tax preparation work for the different types of filing statuses?

Our team of tax preparation specialists are experienced in preparing tax returns for every filing status, for individuals and businesses. Find out more about tax preparation at American Tax Settelment LLC.

What information will you need from me to file my taxes?

Every tax situation is unique and may require additional information and documentation but for the most basic tax return, we will need:

Tax Settlement

What is a tax settlement?

A tax settlement is an arrangement made with the IRS and/or state taxing authority that allows the taxpayer to settle their tax debt for less than the amount owed, for those that qualify.

What are the benefits of a tax settlement?

A tax settlement may allow the taxpayer’s tax debt to be significantly reduced, allowing them to move forward with a new start.

Who is eligible for a tax settlement?

Each case is unique, and taxpayers will need to qualify for a settlement. Hiring a tax professional ensures your options are fully explored so that if you do qualify, you have the highest chance of success. Generally, taxpayers undergoing significant financial hardship are more likely to receive a settlement.

How can I make sure that my settlement proposal is accepted by the IRS?

There is no guaranteed method to having a settlement approved by the IRS but having a qualified tax professional represent you can help you achieve the best outcome in most cases.

What are the benefits of hiring American Tax Settelment LLC instead of just going to my CPA or attorney for tax settlement help?

American Tax Settlement LLC team of tax attorneys, CPAs, and Enrolled Agents have extensive knowledge and experience resolving a wide variety of tax issues and can help you navigate your tax relief options. American Tax Settlement can help you with services like audit representation, addressing IRS wage garnishments and levies, removing tax liens, reducing penalties, setting up installment agreements, and determining whether you qualify for an offer in compromise. We interact with the IRS thousands of times daily on behalf of our clients, which allows us to have the most up-to-date expertise to help resolve your tax problems and provide the best possible outcome.

Tax Audit

What is tax audit representation?

Tax audit representation is a service in which a tax professional represents a taxpayer during or even after an IRS or state tax audit. The tax professional will help organize and prepare documents, may attend meetings with the tax authority, and handle all correspondence on the taxpayer’s behalf.

What triggers a tax audit?

There are many ways that the IRS can select a return for audit. Some factors include not reporting all income, being vague about expenses, reporting losses year after year, and claiming excessive deductions. Read more about what triggers an IRS audit

What happens if I get audited by the IRS?

If you are audited, the best thing you can do is tell the IRS what they want to know. Do not ignore the situation and decide if you want or need tax audit representation to handle everything for you.

Are there different types of IRS audits?

Yes, there are correspondence audits, in which the IRS will send you a letter requesting documents or proof of a statement. Office audits request in-person meetings to clarify your tax information. A field audit is the most intrusive kind of audit and involves the IRS visiting you at home or work to examine your records. Generally, tax audit representation is a good idea for office and field audits.

Are there any tricks or tips for getting out of an IRS audit?

Once you are on the IRS’s radar, there are no sure ways of getting out of an audit. Your best bet is to consider tax audit representation, especially if it is an office or field audit. Remember, just because you were selected for an audit doesn’t mean there will be an increase in tax.

What happens after a tax audit?

After the IRS reviews your information, they will assess any taxes and penalties you owe. At this point, if you owe, it is a good idea to try and appeal the assessment to see if the IRS is willing to settle. Having an experienced tax professional working on your behalf for this process can give you a better chance of resolving the matter.

What do I do if I can’t pay an audit bill?

If paying your tax bill seems impossible, you should consider tax resolution options, such as an installment agreement with the IRS. You can also apply for a hardship resolution to try to settle your debt for less than what you owe. If you find yourself at this stage, you should consider consulting with a tax professional to see if you qualify and review all resolution options that may be available.

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240 N EAST PROMONTORY, STE 200
FARMINGTON, UT 84025

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