Most wage garnishments are stopped within 3 days, and Social Security garnishments 45 days.
Frequently Asked Questions &
FAQ
Frequently Asked Questions
The IRS has many options. Some are as simple as a long term payment plan, and others include reducing your debt for pennies on the dollar. Each program has specific qualifications, so let us help by narrowing down what can apply to your unique situation.
Each case has different challenges and processes that can vary the time frames. On average the processes can take anywhere from 2 months to 8 months to resolve. After we determine the plan of action for your case, we will be able to determine the timeline.
It is a win-win for the IRS and taxpayers. The IRS knows the longer taxpayers are behind on their taxes, the less likely they are to pay. They get money they potentially couldn’t have collected, and in ex- change, taxpayers agree to pay a discounted amount of their tax debt within a certain time period. Taxpayers get a resolution in months, versus years of future payments and penalties.
Give us a call, we do the rest. We give a no obligation overview of your options and determine if we can represent you, and we get to work on getting you the best possible outcome.
Give us a call, we do the rest. We give a no obligation overview of your options and determine if we can represent you, and we get to work on getting you the best possible outcome.
While in pursuit of a settlement your IRS installment agreement is paused. You will not be collected upon. Our fees are spread out over 10 months, so in most cases our fee is less than your IRS monthly payment …saving you money right away.
This is an IRS program. You will not upset the IRS by applying for a program they created. If you meet the specific criteria they lay out, you will receive a settlement. Its that simple.
If you choose to stick with your payment plan till you pay off your debt, realize that in most cases, you will be paying a minimum of 7 years. And that does not include interest and penalties. Too often we see clients paying for 5+ years and they still have the same balance they started with.
The IRS will keep any refund for the calendar year that the tax debt remains. However, once the debt is cleared through one of the various programs, you will be able to have your refund in the future.
We try to filter any client that may potentially get denied by going through our consultation. In most cases we can see who will get approved and who won’t. However, if your offer was rejected, and an appeal is not an option, the IRS will reinstate your installment agreement at the previous paused amount.
If the offer is accepted, there are no negative effects. Your only requirement is to pay the agreed settlement within 5 months, and stay current with your tax filings for the next 5 years.