Frequently Asked Questions Concerning Tax Debt Resolution

Typically, the Offer in Compromise states your intentions as to the amount and payment
structure; therefore, you could have up to ninety days or 2 years to tender payment to the
Internal Revenue Service of the offered amount. Once the IRS has received payment,
they will release all tax liens and there is no further liability.

How long does it take an Offer in Compromise to be approved by the IRS?

The Internal Revenue Service typically takes approximately six to twelve months

depending on caseloads. During this time, all further collection activities are suspended.

Does Penalty Abatement get my penalties and interest waived from my tax

account?

Penalties can be removed provided you have a valid reason for falling behind. Interest

can be adjusted in the event of an error in the application of your debt or if you can

demonstrate that an IRS or state representative provided you with erroneous advice.
Adjustments to your tax account could save you thousands of dollars. Our experienced
staff has drafted hundreds of abatement arguments, and we can draft your penalty
abatement request for you.

How do I stop the IRS from garnishing my wages, levying my bank account, or

seizing my assets?

When you become our client the first step for us is to stop the IRS collection procedures. This means that all garnishing, levying, or seizures will be put in a hold status while we negotiate the best possible outcome on your behalf with the IRS. The collections hold will remain in affect for the entire length of the negotiation process which means your assets will be safe.

Will I have to personally present my case before an Internal Revenue Service

agent?

Revenue Officers will be contacting you to obtain full payment of your tax debt. When a
Revenue Officer wants to meet face-to-face they are going to demand full payment. If
full payment cannot be provided, they will try and force you to liquidate assets to pay the
debt in full. Unless you are meeting with your Revenue Officer to pay the debt in full,
you will find it beneficial to have our Enrolled Agents, CPA’s, and Attorney’s on your
side to negotiate an alternative to full payment. Our tax experts can contact your Revenue
Officer to cancel the meeting. From that point forward, the Revenue Officer will deal
directly with our firm so that you do not have to.

I have not filed returns for a number of years. Can I still get an Offer in

Compromise or Penalty Abatement ?

The Internal Revenue Service needs completed tax returns in order to move forward with an Offer in Compromise or an Installment Agreement. We can assist you in getting your tax returns up to date and your life back on track.

Is an Offer in Compromise or Penalty Abatement right for me?

Every taxpayer has unique circumstances that need detailed explanations to help the
Internal Revenue Service understand the problem as well as a viable solution. An Offer in
Compromise or Penalty Abatement might be right for you. That is why we offer a free
consultation to assess your needs and recommend the right solution. Once the Offer in
Compromise or Penalty Abatement is accepted and paid, all liens are released

Can the IRS revoke an approved and paid Offer in Compromise or Penalty

Abatement?

As long as you comply with the requirements relating to filing returns and paying
required taxes for the five years after the date your Offer is approved by the Internal
Revenue Service your offer will not be revoked.

What are your fees?

Our fees for an Offer in Compromise or Penalty Abatement are generally a flat rate and

the terms of our engagement are included with your FREE consultation.

What states do you work in? We assist taxpayers in all 50 states. With the power of

the Internet, fax machines and our state of the art customer service facility, we are able to assist thousands of taxpayers without compromising service. We are also located within a short distance from one of the Internal Revenue Service major facilities.

What are the documents that the IRS will need to review my case?

The Internal Revenue Service in most cases requires paycheck stubs, bank statements,

utility bills, mortgage or rent payments and investment documents.

I heard the Internal Revenue Service can put you in jail for not filing tax returns,

is that true?

Intentionally not filing tax returns is illegal, a felony and subject to criminal and civil
penalties. A false return detected by the IRS goes to the Criminal Investigation Division
and can result in a punishment of one year in jail and a $25,000 fine and $100,000 for
corporations. In addition, all tax returns must be accurate and truthful.

Is there a solution that will allow me to sleep at night worry free?

Absolutely, with our help you too can be free of fear from IRS collection actions. Time is

a critical factor in resolving your IRS debt so contact Tax Defense Network, Inc.

now at 888-248-9058 for a free consultation