Mississippi Tax Resolution Services

What to Expect and Options If You Have Tax Problems

Tax resolution services are professional services that help if you or your business has tax problems. There are a wide range of different services and a few different types of service providers, but the bottom line is that these services are designed to help you deal with the IRS or your state department of revenue.

The IRS is one of the most feared government entities in the United States, collecting trillions of dollars in taxes each year, processing hundreds of millions of tax returns and documents, and paying out billions in tax refunds. On top of that, they take collection actions against taxpayers who fail to file taxes, fail to pay taxes, or attempt to defraud the agency.

However, dealing with the IRS does not have to be scary or overwhelming. With the tax relief team at Damiens Law, you can get immediate answers to your tax questions and take control of your tax situation. Call us at 601-476-2693 to set up a consultation with our experienced team of Mississippi tax lawyers and tax professionals.

Types of Services Offered

Our team is proud to offer a wide range of tax resolution services to taxpayers. After learning more about your tax problems and financial situation, we’ll help you explore which services best fit your needs. Here are some of the most common types of tax resolution services:

Audit Representation

Finding out that you’re the target of an audit is scary, no matter how certain you are that your taxes are 100% legal and compliant. We ensure that your legal rights are protected and that the IRS has the information they need. While the IRS is trying to uncover information that fits their best interests, we’ll be there protecting your best interests.

Offer in Compromise

If you’re interested in settling your tax debt for less than you owe and you have the financial records to back up that request, we can help you request an offer in compromise. An offer in compromise settles your tax debt for less than owed based on an amount that accommodates your financial situation. We’ll learn more about your financial situation, find out if this is a suitable solution for you, and help you apply.

Currently Not Collectible

Those facing tax problems may be unable to make any payments on their tax debt due to their current financial status. In these situations, being declared currently not collectible by the IRS can give you temporary relief from collection actions. In addition to helping you request currently not collectible status, we can assist you in planning for the future with more long-term tax relief solutions.

Installment Agreements

Many people are unable to pay their tax debt in full upfront, but are able to make payments over a period of up to six years. An installment agreement allows you to get caught up and make payments in a way that fits your budget. We’ll explain the various payment plan options and assist you through the application process.

Appeals

The IRS’s decisions aren’t always accurate, especially when they’re based on incorrect or incomplete information. If you’ve requested assistance and been denied or been hit with penalties, you may be able to seek further intervention from the IRS Independent Office of Appeals. This process may seem overwhelming, and we’ve helped many clients navigate the appeals process with minimal stress and anxiety.

Innocent Spouse Relief

There are many ways spouses can become unintentionally tangled up in their spouse’s tax problems. Perhaps your spouse hid income, claimed deductions you weren’t owed, or even engaged in fraud—all without your knowledge. Or maybe you’re separated, divorced, or widowed and hoping to avoid being liable for your former or late spouse’s tax debt. We’ll explain different types of innocent spouse relief to you and help you determine whether or not you qualify.

IRS Forgiveness Programs

Many of the payment options described here are collectively referred to as IRS forgiveness programs. If you’re unsure which relief options are a good fit for you but you know you need help, don’t worry. We’ll take a look at your tax situation and financial background to help you find the programs that best suit your needs.

Tax Transcript Review

The IRS keeps a significant amount of data on your tax history, and that data can help us better understand your current financial situation and the best solutions for you moving forward. When you work with one of our tax specialists, we can use your tax transcript to personalize the options we recommend.

Bankruptcy

In some cases, bankruptcy is the best option to handle your tax debt and other forms of debt. Our bankruptcy attorney on staff can help you determine whether this is a suitable option for you and guide you through it.

Types of Tax Problems We Help With

Our clients have trusted us to handle a wide range of complex tax problems. Learn more about some of the tax problems we guide our clients through.

Past-Due Tax Returns

It’s easy to fall behind on tax returns. For many people, it’s a matter of not having the money needed to pay past-due taxes and a belief that not filing is better than filing and not paying. Regardless of how far behind you are or how much you think you may owe, we can help you get caught up.

Delinquent Taxes

Being unable to pay your taxes in full is not a unique problem; millions of Americans find themselves in this situation at some point in their lives. There are many ways you can get caught up on your taxes, and we’ll assist you in finding the ideal situation for your needs.

Tax Liens

Tax liens can have a negative impact on your ability to take out loans and make it harder to maintain ownership of your assets. If the IRS has placed a lien on your property or has notified you that they intend to do so, we’ll help you take action to get caught up.

Tax Levies

If you have not made payment arrangements and you owe the IRS money, they may take what they are owed from your current assets. This may involve seizing your bank accounts, homes, cars, wages, and retirement accounts. This is a particularly challenging type of collection action, because it can wipe out a lifetime of saving and making good financial decisions. Let’s look into other options that can help you handle your tax debt.

Wage Garnishment

Wage garnishment is one type of tax levy that can put families into serious financial strife. The IRS calculates how much of your income you are permitted to keep. The amount depends on your family size and your filing status. Anything above and beyond that amount—including commissions and bonuses—can be seized and used to pay the IRS. The IRS can keep the wage garnishment in place until they are paid in full.

State Tax Issues

If you’re struggling with Mississippi state tax issues, it’s important to work with a tax professional who knows the specifics of Mississippi tax law. In our state, taxes are handled by the Mississippi Department of Revenue. Whether you’re struggling to keep up with your individual taxes or your business taxes, the DOR has a number of collection actions they can use to seize what you owe them. Addressing these concerns early can help you avoid loss of assets or income.

How Does Tax Resolution Work?

When you begin working with Damiens Law, our tax resolution process begins with a comprehensive look at your tax transcript, your financial situation, and previous efforts you have made to address your tax debt. Once we have a strong understanding of your tax situation and desired outcome, we will explain which solutions are available to you and how we can help. 

If there are multiple potential solutions on the table, our goal is to help you understand the advantages and disadvantages of all of them so you can make an informed decision. We’ll advocate for you throughout the entire process and handle communication with the IRS. Should issues arise, we’ll address them swiftly and update you on the path forward.

Professionals Who Can Assist With Your Tax Issues

There are several types of tax professionals who can help you with various types of tax needs. Understanding the strengths and specialties of these professionals can help you decide which tax pro is right for your situation:

• Tax attorney: Tax attorneys can help you handle sizable tax debt, challenge assessed taxes and penalties you do not agree with, face tax fraud charges, navigate an audit, or otherwise handle complicated tax situations.
• CPA/Certified Public Accountant: CPAs are skilled at preparing tax returns, managing your taxes and tax documentation throughout the year, and providing guidance on your accounting needs and protocols year-round.
• Enrolled agent: Enrolled agents are allowed to represent taxpayers in front of the IRS. They have relevant work experience with the IRS or a passing score on an IRS test.

Different Types of Companies Offering Tax Resolution Services

Once you decide to explore your tax resolution options, you may come across multiple companies in your area. Understanding each type of tax resolution firm puts you in a better position to make the best choice for your tax needs.

National Tax Resolution Companies

If you see tax resolution ads, they are most likely for national tax resolution companies. These companies have deep pockets for marketing and advertising, so they target consumers across the country. They have a sophisticated sales funnel that collects consumer information, connects them with a salesperson, and then attempts to sell them various tax resolution services. 

Unfortunately, these services are rarely determined based on what is actually best for a consumer’s tax situation; they are chosen because they cost the most or have the highest profit margin. 

The salesperson is unlikely to be an actual tax professional, but someone who is trained in high-pressure sales tactics. They may rely on warning you that failing to take immediate action with their company will result in severe financial outcomes or even jail time. Once you sign on with them and trust them with your tax needs, you’ll likely never even actually talk to the person who handles your tax file. 

The actual tax pros in these firms are overworked, underpaid, and pushed to churn out as many files as possible, even if that means choosing the fastest solution instead of the best one. In short, when you choose a huge national tax solution firm, you’re generally paying for the appealing marketing and advertising that initially drew you in, and you won’t get expert-level assistance.

Smaller Tax Resolution Companies

Smaller tax resolution companies, including those with just one tax pro on staff and those who employ a handful of tax professionals, have a more direct connection with their clients. You may still speak with a sales professional during this process, but you can expect more factual information about your options versus scare tactics meant to force you into immediate action. 

Once you decide to move forward with a company, you get to speak directly with the tax pro assigned to your case. An added benefit: your tax pro isn’t assigned to your case randomly. They’re chosen because their area of expertise or certification best fits your specific tax problems. While these companies may spend some money on advertising and marketing, the majority of their income goes to hiring and retaining tax specialists who strive to improve clients’ lives and financial situations.

Get Quality Tax Resolution Services in Mississippi

No matter what type of tax situation you’ve found yourself in, how long you’ve been ignoring your past-due taxes, or how overwhelmed you are, it’s never too late to take action and stop fearing contact from the IRS. 

The team at Damiens Law is passionate about helping taxpayers like you get ahold of their tax situation, catch up on payments, and lay the groundwork for future compliance with IRS regulations. Let’s talk about your needs and what you hope to get from our tax resolution company. Call us at 601-476-2693 or schedule your discovery call online.