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	AUSTIN TAX RELIEF
YOUR CENTRAL TEXAS ENROLLING AGENT

Administrative Tax Services:
Offer In Compromise Wage Garnishment Release Penalty Abatement
Installment Agreement Bank Levy Release Currently Not Collectible

Offer in Compromise Confronted with Federal tax debts you can't pay or believe you don't owe? If so, you may be a candidate for an IRS Offer in Compromise (OIC). An OIC allows individuals with an unpaid tax debt to negotiate an amount that is less than the total owed. There are guidelines that must be met in order to qualify for an OIC. The IRS examines the taxpayer's financial history to determine if an OIC is applicable. The OIC process can take anywhere from 6 to12 months so it is important that you pre-qualify before undergoing such a lengthy process. There are three reasons why an Offer in Compromise may be considered. These include:

Doubt as to liability takes place when the taxpayer can show reason for doubt that the assessed tax liability is correct.
Doubt as to collectability occurs when the taxpayer will never be able to fully pay the tax bill. The IRS will consider a settlement based on a formula.
Effective tax administration is when the taxpayer does not dispute the tax liability but can demonstrate special circumstances that the collection of the debt would create an economic hardship, be unfair or inequitable.

Each person's financial situation is different and the IRS examines the eligibility of each individual. Regrettably, many taxpayers who self-file an OIC have it returned due to technical errors. CONTACT US TODAY, and our experts will determine if you qualify for the Offer in Compromise program.

Wage Garnishment Release The role of the IRS is to collect taxes for the federal government. If a taxpayer owes back taxes, the IRS will notify the taxpayer of money owed through letters, phone calls and field visits. If the taxpayer ignores the requests for payment, the IRS will them give legal notice of its intent to collect. At this point, the IRS does not have to notify the taxpayer of any further collection attempts. A wage garnishment is a written document sent to the taxpayer's employer demanding that a percentage of the taxpayer's paycheck be sent to the IRS. Employers must comply with the IRS and submit the required payment. Wage Garnishment is a common way for the IRS to collect back taxes. CONTACT US TODAY, so that we can assist with your garnishment.

Penalty Abatement If you do not pay your taxes in full and on time, the IRS applies penalties and late fees to the amount that you already owe. These penalties are added to your account automatically by a computerized system. Sometimes it is possible to have these fees abated or even refunded by submitting a request to the IRS. It is very difficult to prove that you are eligible for a Penalty Abatement (PA) to the IRS without the help of a trained tax practitioner. First Financial of the Palm Beaches can help you request a penalty abatement for your unique circumstances. CONTACT US TODAY to see if you qualify for a Penalty Abatement.

Installment Agreement Often, taxpayers cannot afford to pay their back taxes to the IRS in one payment. An Installment Agreement (IA) allows the taxpayer to pay taxes in monthly payments. There are certain IRS guidelines that are required in order to be eligible for an Installment Agreement. When a taxpayer tries to negotiate an Installment Agreement with the IRS, frequently a payment amount is agreed upon that a taxpayer cannot afford. This can cause financial hardship for the taxpayer which often results in a defaulted payment. First Financial of the Palm Beaches can negotiate an affordable Installment Agreement that meets all the requirements of the IRS. We can even renegotiate defaulted Installment Agreements. CONTACT US TODAY, so that we can help with your tax liability.

Bank Levy Release The role of the IRS is to collect taxes for the federal government. If a taxpayer owes back taxes, the will the IRS will notify the taxpayer of money owed through letters, phone calls and field visits. If the taxpayer ignores the requests for payment, the IRS will give legal notice of its intent to collect. At this point, the IRS does not have to notify the taxpayer of any further collection attempts. An IRS bank levy occurs when the IRS submits a levy notice to a taxpayer's banking institution. The levy notice gives the IRS the ability to freeze the taxpayer's bank account and relinquish funds to the IRS. If the IRS has placed a levy on your bank account, CONTACT US TODAY, so that we can assist you.

Currently Not Collectable When the IRS determines that a taxpayer is unable to pay back taxes through an Installment Agreement or Offer in Compromise, they may place the taxpayer's account in a Currently Not Collectable (CNC) status. When an account is in CNC, the IRS will not pursue tax repayment as long as the taxpayer's financial situation does not improve. While in CNC status, the statute of limitations continues to run on the tax liability. CONTACT US TODAY to see if you are eligible for a Currently Not Collectible status.