Tax Debt Resolution

Depending on your unique facts and circumstances, we can help you qualify for 1 of 3 outstanding IRS Tax Resolution Programs.

Currently Not Collectible

The Internal Revenue Service (IRS) will place a taxpayer’s account in a Currently Not Collectible (CNC) status when they have determined that the IRS is presently unable to collect the taxes from the taxpayer by full payment, through an Installment Agreement or by way of an Offer In Compromise. Once the account is placed in a Currently Not Collectible status, the IRS does not pursue collection activity against the taxpayer and the statute of limitations on the tax liabilities will continue to run. Generally, unless the taxpayer’s financial situation changes, the account will remain in a Currently Not Collectible status until the tax liabilities expire. However, if the taxpayer’s financial situation improves the account will be taken off of Currently Not Collectible status so that the IRS can collect the taxes through full payment or an Installment Agreement.

Installment Agreements

An Installment Agreement with the IRS allows taxpayers that cannot afford to full pay their back tax liability the option to pay their back taxes through monthly payments. There are guidelines regarding how the IRS determines the payment amount and time frame for the agreement. Additionally, a taxpayer must be compliant with all past tax filings before establishing the agreement. Depending on the circumstances and the amount of time that the IRS has left to collect the tax debt, the Installment Agreement may pay all or part of the back tax liability. Unfortunately for many taxpayers, they end up with monthly payments greater than they can reasonably afford causing them a financial hardship. In many situations like this, the taxpayers end up defaulting on their Installment Agreement causing the IRS to begin collection activity all over again. Therefore, it is important to have an affordable Installment Agreement established properly the first time.

Offer In Compromise

An IRS Offer in Compromise with the IRS allows taxpayers that cannot afford to full pay their back tax liability the opportunity to settle their tax debt for less money than what they owe. If you qualify, an Offer in Compromise can reduce IRS debt and save you thousands of dollars!

The IRS sets guidelines for accepting an Offer in Compromise. The IRS looks at a taxpayer’s past, current and future financial situation when evaluating whether an Offer in Compromise should be accepted. It is important to know what aspects of a taxpayer’s situation the IRS is looking at when filing an Offer in Compromise. Not everyone qualifies for an IRS Offer in Compromise, as each person’s financial situation is different. Additionally, the length of time varies but the average time it takes is generally is 9 to 12 months.

20

Years Experience

200

Successful Resolutions

50

Low Offers Accepted

What Clients Are Saying

I would highly recommend. I have been using Steve for about 10 years. We have moved from TN area to Maryland & Alabama. And we still use him. He is very knowledgeable & very willing to help. I would suggest to anyone to give his company a try.
Martha F.
Steve has done our taxes for over 10 years. He is very professional knowledgeable and kind. We would recommend Steve to anyone for their tax needs.
Melissa C.
Steve is great, is always available and able to answer any tax related questions we may have. We’ve been using him for our taxes for the last 10 years.
Justy A.
I have been really happy with service. I have always had my questions answered. I have always had my calls returned. And most of all when I was stressing Steve said its ok we will get it taken care of. I can not type enough words to tell you how grateful I am for the experience this company has.
Michael O.
After selling my house, I had tried to do my own taxes. It was a train wreck. I called Steve and got an appointment. He completed my taxes while I waited and I was off and going with a much better ending than my own attempt. And good company while I waited.
Roxanne C.

Request Free Consultation

At 3Sixty Tax Resolution, we offer a FREE no obligation confidential consultation to personally evaluate your unique tax situation. During this call we will evaluate your facts and circumstances and recommend the best course of action to resolve your tax matter.

We can help protect your money and bank account from aggressive IRS collection activity. To find out how we can help you, please contact us for a FREE consultation.