Long Island Tax Resolution Services

In short, we stand between you and the IRS. We pull your account transcripts, figure out what's really owed and which years are open, and then pick the right tool: penalty relief, a payment plan, an Offer in Compromise, Currently Not Collectible status if you can't pay anything right now, catching up overdue returns, or handling an audit. You stop fielding the calls and letters yourself.

Yes. Our founder is an Enrolled Agent, licensed by the U.S. Treasury with unlimited practice rights before the IRS. Being in Maryland makes no difference: federal representation isn't tied to a state, so we represent Long Island clients on audits, collection matters, appeals, payment plans and penalty requests the same way we would locally. You sign Form 2848, and from then on the IRS contacts us.

Often some of them, yes. If you've had a clean record for the prior three years, First Time Abate relief can wipe out failure to file, failure to pay and failure to deposit penalties for one year. Otherwise, reasonable cause relief may work if something serious got in the way, such as a hospitalization or a natural disaster. The request has to name the right basis and come with proof.

It's a deal with the IRS to settle for less than the full balance. The IRS compares what you owe to what it thinks it could realistically collect, based on your income, necessary expenses and the equity in what you own. On Long Island, home equity is often the deciding factor. Offers take detailed financial disclosure, you must be current on filings, and a big balance alone doesn't qualify anyone, so we run the numbers before you spend the application fee.

You pay the balance down in monthly amounts over time. For smaller balances, the IRS will often approve a streamlined installment agreement with very little paperwork. Larger balances require a full financial statement, and the monthly figure has to make sense against IRS expense standards. The catch: you must file and pay every new return on time while the plan runs, or it can default.

Call right away, and have the levy notice and recent bank or pay statements handy. A levy or garnishment is the IRS collecting directly, and it can empty an account or take a big share of every paycheck. We contact the IRS, find out what triggered it, and push for a release, usually by setting up a plan, showing hardship, or fixing missing returns that caused it.

You should, and in most cases you have to. The IRS generally won't approve a payment plan or an offer until required returns are on file. We prepare each one carefully, because the numbers on those returns become the balance we negotiate from, and a missed deduction just makes the debt bigger than it needs to be.

The essentials: every IRS letter you have, your most recent returns (filed or not), pay stubs or 1099s, bank and investment statements, mortgage and car loan details, and a rough list of monthly bills. Business owners should add payroll reports and a profit and loss. If you don't have it all, start anyway. We can pull IRS transcripts to fill gaps.