Tax Resolution Services
Tax Resolution
Morris and Associates limit our practice strictly to focusing on solving and resolving IRS debt problems for individuals and businesses.
For over 38 years, we’ve provided aggressive strategies to manage our clients’ IRS debt, making it more affordable, providing reduction opportunities, or, best-case scenario, totally eliminating it altogether.
Kenneth Morris is a licensed Enrolled Agent (EA). Based in the greater Suwanee, Georgia area our Tax Resolution Services, have helped individuals and small business owners significantly reduce their IRS tax debts. Depending on the situation, we can help you to manage your IRS tax debt in a number of different ways. We're a team of licensed Enrolled Agents and experienced tax professionals who specialize in assisting clients with their IRS tax debt problems.
We will work with you to accomplish two objectives:
- Protect your bank accounts, accounts receivable, business assets, personal assets, and wages from levies, garnishments, and seizures.- Identify and implement a tax resolution solution with minimal repayment or settlement amount. This can save thousands, tens of thousands, or even hundreds of thousands of dollars.
Can't I Settle with the IRS Myself?
Of course, you could, but a good tax specialist knows how to negotiate with the IRS and this can make the difference between a $3,000 settlement and a $30,000 settlement, or worse, no settlement at all.
The other key reason to hire a tax specialist is the time you will save. Many cases can take up to an entire year, especially if the person doesn't understand the process and tax rules. During that time interest and penalties are adding up!
Contact Morris and Associates today for a FREE consultation.
Tax Preparation / Unfiled Tax Returns
If you have one or more years of unfiled tax returns, we can assist you in filing your late returns. Unfiled tax returns are considered a serious offense by the IRS, which can lead to increased back taxes and fines.
Expect the IRS to be relentless in its pursuit in the collections process. There is no statute of limitations on late-filed returns. The IRS can go back and access a tax deficiency along with penalties on any year. Although in practice, it's rare for the IRS to go back beyond six-years' worth of returns.
If you continue to delay filing your taxes, the IRS can freeze a refund and can even place a levy on your wages.
You may be able to qualify for penalty relief. There are two common types: first-time abatement (FTA) and reasonable cause. Taxpayers will need a clean compliance record to qualify for FTA.
Let the experts at Morris and Associates handle the IRS for your peace of mind to handle the tax preparation for past and current years. Even if you lack some documentation for prior years, we may be able to track it down for you. The sooner you contact us, the better.
Contact Morris and Associates today for a FREE consultation.
Tax Negotiation
Depending on your financial circumstances and how much you owe, there are a number of options open to you to resolve your problems with the IRS, such as:
- - Installment plans
- - Offer in Compromise
- - Penalty Abatement
- - Currently Not Collectible/Financial Hardship
Regarding installment plans, the IRS may require you to complete a Form 9465 (Installment Agreement Request) and a Form 433-F (Collection Information Statement by mail). We highly advise you to contact a professional before submitting your financials to the IRS to limit the liability of your assets and income.
We have the experience and the skills to deal with the IRS on your behalf.
For over 38 years, we've successfully negotiated with the IRS to resolve our clients' tax problems and give them a new lease on life.
Contact Morris and Associates for a FREE consultation so we can determine the best solution for you.
Offer In Compromise
An Offer in Compromise allows you to settle your tax debt for pennies on the dollar. There are three reasons why the IRS would accept in Officer in Compromise:
- Doubt as to Liability
Meaning the tax assessed is incorrect
- Doubt as to Collectability
Meaning the person can demonstrate they will likely never be able to pay the full tax debt due to financial hardship or other compelling reason (this is typically the most common circumstance).
- Effective Tax Administration
Meaning the person is not disputing the amount of tax debt, but instead, collecting the debt would create an injustice (often used for the elderly or disabled).
An Offer in Compromise in the past often involved a significant amount of paperwork and long wait times. But the Fresh Start program can fast track the process in some circumstances. Understand an Offer in Compromise has a low acceptance rate. But a tax professional can greatly increase your case's chances.
Contact Morris and Associates today for a FREE consultation so we can determine if you can qualify for an Offer in Compromise.
Penalty Abatement
A Tax Penalty Abatement provides a relief of the associated penalties as long as you're able to fully pay your tax obligation. Typically, the IRS will grant a penalty abatement for extenuating circumstances, such as a death in the immediate family, long-term unemployment, or significant property damage or loss due to a natural disaster.
Contact Morris and Associates for a FREE consultation to discuss whether your circumstance would qualify.
Innocent Spouse / Injured Spouse
When you file a joint income tax return, the IRS can collect the tax due from either you or your spouse. This is true even if you later separate or file for divorce.
However, you could seek Innocent Spouse relief if you can prove you didn't know or had no reason to know about your spouse's tax liability, such as unreported income for example.
Often Innocent Spouse relief is limited to taxpayers who are no longer married.
You would seek Injured Spouse relief when the tax liability applies to a spouse's past-due debt, such as student loans, state taxes, child or spousal support. Typically, a spouse becomes aware of this when the IRS offsets the tax liability from a tax refund due after the filing of a joint return.
If you're entitled to Injured Spouse relief, you may be able to get your share of the refund released to you.
Contact Morris and Associates for a FREE consultation to see if pursuing either option would be appropriate for your circumstance.
Tax Lien Withdrawal
If the IRS withdraws a lien, it's as though the lien is erased and never existed. Typically, the IRS will issue a lien withdrawal if:
- - If the lien was assessed in error by the IRS or was filed without giving the taxpayer proper notice in advance.
- - A taxpayer enters into a Direct Debit Installment Agreement.
- - If a withdrawal facilitates the ability for the taxpayer to pay the debt (e.g. a lien would affect your credit to the point it would hinder your ability to secure a loan to pay the tax debt).
Dealing with the IRS is never easy, especially when it comes to them issuing a lien withdrawal. Getting the right professional help is necessary in this case.
Contact Morris and Associates for a FREE consultation to see if your circumstance is appropriate to request a tax lien withdrawal.
Tax Audit / Tax Examination
If you've been notified that your tax return is the subject of an audit or an IRS examination, the first thing to do is not panic. Being the subject of an audit is not an immediate indicator of guilt.
When the tax examination begins, an IRS agent will most likely compare the amount of income you reported to the supporting financial documents you're provided with your return. If there's a discrepancy, you will be asked to pay the additional money to compensate for the tax discrepancy. In most situations, tax examinations take place through the mail. If an interview is required, it will most likely take place after the initial review.
Sometimes, an IRS examination is the result of random selection. However, there are "red flags" that can make you more susceptible to an audit, such as three or more years of business losses, rounding of numbers, failing to report taxable income the IRS is aware of, and even typos or math errors. Contact us for a FREE consultation to see if your return may be more susceptible to an IRS audit.
If you're currently under audit or IRS examination, you need to call us immediately. We can help protect you and your assets during an audit, handle all the correspondence, and handle the negotiations if deemed necessary.
Contact Morris and Associates for a FREE consultation today.