Accounting and Consulting Services in Wilmington, NC

An accountant keeps the books honest: recording transactions, closing the month, producing statements and filing returns. A consultant takes those same numbers and asks what you should do next, whether that means pricing, hiring, borrowing or handling a tax balance. We do both. Clean records are what make a good IRS resolution plan or a sound CFO recommendation possible in the first place.

Most of the IRS work we see falls into a few buckets: back taxes, audits and appeals, unfiled years, penalties, payroll (Form 941) balances, and enforcement like wage garnishments or bank levies. On the relief side we work with installment agreements, Offers in Compromise, Currently Not Collectible status and penalty abatement. We start by pulling your IRS transcripts and reading every notice, because the right option depends on what the account actually shows.

Yes. Enrolled Agents are licensed by the U.S. Treasury and hold unlimited practice rights before the IRS. Once you sign Form 2848, the founder can speak with revenue officers and auditors for you, send in documents, and work your case through audit, collection or appeals. You don't have to take those calls yourself.

Don't ignore it, and don't throw anything away. Gather the levy notice, any earlier letters, and your recent returns and bank statements, then call us. We can contact the IRS on your behalf, confirm the balance, and work toward a release through a payment plan, hardship status or another option that fits your finances. Speed matters here, since a bank levy has a short holding period before funds are sent.

Often, yes. First Time Abate relief is available to taxpayers with a clean recent history, and reasonable cause relief covers situations like serious illness, disasters or reliance on bad professional advice. Each request needs facts and documents behind it. We look at your history, decide which argument is strongest, and write the request.

Missing returns tend to block every other solution. The IRS may also file a substitute return for you that leaves out deductions and expenses you're entitled to, which inflates the balance. We prepare the missing years accurately and time them with any payment plan or collection hold so the whole account comes into compliance together.

Possibly. An Offer in Compromise lets some taxpayers settle for less than the full amount, but the IRS looks hard at income, assets, monthly expenses and future earning ability. You also need to be current on filings. We run the numbers with you before anything is submitted, so you know whether an offer is realistic or whether another route makes more sense.

An installment agreement spreads a balance into monthly payments instead of one lump sum. The IRS sets the terms based on how much you owe and what you can show you can afford. Interest and some penalties keep running until it's paid off, so the payment should be realistic but not stretched longer than needed. Your filings must be current before the IRS will approve one.