Paramount Tax Relief

Products And Services

• Help With Your Unfiled/Back Tax Returns

  Failing to File Your Tax Return Is a Misdemeanor and Should Not Be Taken Lightly Most taxpayers file their tax returns on time, but sometimes they just stop filing altogether. Usually, this is due to a change in circumstances such as financial or emotional hardship. Or, maybe they’ve misplaced the paperwork needed to file their return or were overwhelmed by the complexity of the new tax reform laws and just didn’t get around to filing this year. Whatever the reason, failing to take action only makes a bad situation worse. We Are Here to Help You Get Back on Track According to IRS estimates, more than one million taxpayers fail to file their tax returns in any given year. Whether you file as an individual, head of household, are self-employed or file a business or corporate tax return, if you’re one of them, we can help. Here’s what we do for you: Reconstruct tax records if you’ve misplaced these documents Prepare and submit non-filed tax returns Negotiate with the IRS on your behalf Submit an offer in compromise to the IRS Arrange installment agreements with the IRS to pay back taxes owed Represent you throughout the tax preparation and collection process You Could Be Losing out on a Refund You’re Entitled To Whether it’s been one year or ten since you stopped filing your tax returns, it’s not too late. If you don’t owe any tax, you might be due a refund. If you do owe tax, then you might be able to minimize the amount you owe. Help Is Just a Phone Call Away Not everyone needs to file a tax return, but if you do -- and haven’t -- you could be liable for failure to file penalties or worse, spend a year in jail. Why take a chance? If you are one of the more than one million taxpayers that havn’t filed a tax return recently, call the office to set up an appointment with a tax specialist or fill out the contact form below.

  Link: Help With Your Unfiled/Back Tax Returns

• Remove IRS/FTB Levy's and Garnishment

  Levies can really do a lot of damage and even ruin your life. A levy is the IRS's way of getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored us. Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it. That includes checking accounts, autos, stocks, bonds, boats, paychecks, and even Social Security checks! Imagine waking up one morning and finding all your bank accounts have been cleaned out. They will take every dime. If this amount did not cover what is owed, they'll keep taking your money until you cover your tax liability. They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. But they don't care! Their sole objective is to collect the taxes owed. Period. As bad as that is, a worse method is a wage levy (or garnishment). That's when most of your pay check goes to the IRS, they don't leave you enough to pay the bills, and most of your check goes to the IRS each and every week until the debt is paid. If that doesn't accomplish what they want, they'll pull out all the stops. They'll seize your assets, and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance polices, retirement funds, anything of value. We are often able to get those levies released and help you get out of this terrible situation. Our goal is to get you even with the IRS, with what you can afford, and let you start life anew.

  Link: Remove IRS/FTB Levy's and Garnishment

• Settle Your Tax Debt with Offer in Compromise

  Did you know that you can settle your debt with the IRS for less than the full amount you owe with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay. The IRS Code states: "We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential..." (Internal Revenue Code section 7122). Often it is possible to fully and completely eliminate the taxes you owe - including all penalties and interest - at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt especially if your offer is done "right." If done correctly your debt may be settled for only 5-15% of what you presently owe. The key is to determine the least amount that the IRS will accept from you before you make the offer.

  Link: Settle Your Tax Debt with Offer in Compromise

• Qualify for the Hardship Program(Currently Non Collectible)

  If you cannot afford to pay your taxes due to a financial hardship, we can assist you in qualifying for the CNCprogram with the IRS.

• IRS Payment Plan

  If you don't qualify for the IRS Offer In Compromise program, a Payment Plan may be the way to resolve your problem. Setting up a payment plan with the IRS gives you a little more time to pay off your tax debts. Unfortunately, penalties and interest will continue to be charged on your outstanding balance as you pay the debt off. You are required by law to pay the interest on your tax debt.

  Link: IRS Payment Plan