Tax Relief

by Louis Meeks on December 20, 2014 in Blog

Tax Relief

Victory Tax Solutions “America’s Trusted Tax Team”

What comes to mind when I think of tax relief is someone who needs help with a tax situation with the IRS or the state.  By reaching out for tax relief help, the client is looking for a final resolution on the tax matter.

At Victory Tax Solutions, we get contacted by thousands of Americans every year, who are in search of tax relief.  There are many areas that people may need help in.  One area would be on under-reported income.  The client would receive a CP2000 notice from the IRS.  This will inform the taxpayer that they have underreported income for a specific year.  When the client receives this notice, they can call a tax resolution company in search of a solution, and in search of tax relief.  The tax resolution company would then work directly with the client and the IRS to get the matter resolved.

Another area that a client can need tax relief help is unfiled taxes.  It is very common for people to have  years of un-filed taxes.  The IRS will add penalties and interest on the years that are un-filed.  In some cases, the IRS will even file a tax return on behalf of the taxpayer.  This is called a Substitute Federal Return (SFR).  However, when the IRS “prepares” the SFR, they do not take into account any deductions the taxpayer may have, thus subjecting the taxpayer into even greater tax liabilities than necessary.

One other possible reason a person may need tax relief is if they receive a “Notice of Intent to Levy.”   This can be a very stressful time for someone who receives this notice.  The notice will state that if the taxpayer does not pay the full balance within 30 days, the IRS will levy their income or bank accounts.  Reaching out for tax relief from a legitimate tax resolution firm will help relieve the stress and put the situation in the hands of experienced and well qualified tax professionals.

Why should you choose Victory Tax Solutions to help you with a tax relief solution?  Victory Tax Solutions has a proven track record in all areas of tax relief.  We recently had a client that received a notice that he owed an amount to the IRS in access of $80,000.  He was a nervous wreck.  He was convinced the IRS was going to come to his door and take him to jail and take all of his possessions.  When the attorney from Victory Tax Solutions got involved, after much negotiations, he was able to not only get the levy released, he was able to get the amount lowered through an Offer in Compromise.  The client was very relieved.  While it is important to remember that not all cases are the same and Victory Tax Solutions cannot guarantee any specific outcome, contacting Victory Tax Solutions would be a step in the right direction to get your tax relief.

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