What is a tax compliance check?
A simple way to view a tax compliance check is to view it a lot like a car diagnostic when your car has an issue. This happens very frequently in our daily life. The car has a problem, and we don’t know how to best solve it. The first best step is to take the problem to a professional, the mechanic. The mechanic will listen to you about symptoms related to the problem. However, the most important step is the diagnostic on the vehicle to learn more. By looking under the hood, plugging the vehicle into the computer, and running test and reports, the professional is able to learn the most. Details of the problem are received, and a recommendation is made.
Our tax professionals will get detail information from you and the IRS, or State, and give recommendations that are tailored to your specific situation. Tax resolution is not a one size fits all approach. By reaching out to the IRS and gathering information, our tax professionals can give you an analysis of your unique options. From there, you can choose what services you would like to move forward with. Starting with a compliance check can be one of the best first steps, especially if your situation is unclear or unique. All this to provide you with the best plan to achieve your ultimate goal, which is a path to have this debt cleared up.
What kinds of information is reviewed in a compliance check?
We gain information on client financials, balances owed, and missing returns. We obtain penalty removal options, tax expiration dates, and payment plan options. In combining these pieces, we best learn which settlement options or other income based programs are available.
How long does it take for the results?
Typically we complete a tax compliance check in a matter of days. The longest delay is in getting authorization on file with the IRS or State.
What happens after the tax professional reviews the information?
Our tax professionals give you a breakdown of the detailed tax debt information along with a recommended plan of action. If some of the programs are not available to you (i.e. a tax settlement), they will give the reasons why. This report will be emailed to you along with a follow up call for review of the information.
If you do owe tax debt and are unsure of how to resolve that problem, we highly recommend using our Tax Compliance service to match the best resolution to your unique situation. Give us a call 800-822-4122 or go to https://taxdebtservices.com/doiqualify , we can help.