Offer in Compromise, Penalty Abatement, Custom Tax Solutions

Offer In Compromise

Loss of a job, fluctuating income, overwhelming medical bills, and other unexpected monthly expenses can result in a huge tax obligation that you can’t pay in full.

Luckily, those who want to pay their taxes but cannot afford a lump sum now have several potential solutions.For example, you might qualify for one of the major tax relief solutions, an IRS settlement offer known as an Offer in Compromise. An Offer in Compromise is one of the most underused and misunderstood IRS tax relief options, but it can be the perfect solution for tax relief.

We work closely with you so that you understand your tax situation and how to resolve it. We’ll provide all of the Offer In Compromise help you need, starting with whether you qualify for the program, to the specifics of the low-income certification guidelines

Penalty Abatement

If you haven’t paid your taxes or filed your tax returns in years, you may have accrued significant penalties and interest in addition to your original tax debt. Alleviate Tax can often get these costly penalties and interest charges removed through a process called penalty abatement. If this is your first time dealing with tax debts that have resulted in fees, interest, and penalties, the First Time Penalty Abatement Waiver is a form of tax relief the IRS offers to certain qualifying taxpayers who’ve incurred penalties for failing to file, failing to pay, or failing to deposit. This is a good-will policy designed by the IRS to reward a good compliance history, as well as deter taxpayers from making the same mistakes again. Both individual taxpayers and businesses are eligible to request a First Time Penalty Abatement (FTPA) Waiver, which is when the IRS waives penalties incurred from failure to file, failure to pay, or failure to deposit. However, the FTPA waiver doesn’t apply to fines resulting from things like accuracy penalties, event-based requirements, and reporting that depends on other filings.

We can help you request First Time Abate for a penalty even if you haven't fully paid the tax on your return 

Custom Tax Solutions

When it comes to taxes, one size does NOT fit all. That’s why Warriors offers custom solutions for each and every client. No matter what your tax situation may be, we can help you find a solution that works for you. We understand that everyone’s financial situation is different, and we will work with you to find a solution that fits your unique needs.

There are many benefits of working with us, including:

– Relief from stress and anxiety: Dealing with taxes can be very stressful. Let us take care of everything for you so you can relax and enjoy your life again.

– More money in your pocket: We will work with you to find deductions and credits that you may be eligible for, so you can keep more of your hard-earned money.

– Customized solutions: As we mentioned before, no two tax situations are alike. That’s why we offer custom solutions that are specifically tailored to your needs.