Tax Problems and Solutions
When you're facing an audit or other IRS problems, the worst possible response is to ignore the situation. R. E. Kroll Associates, LLC is among the most experienced Northern New Jersey CPA firms at unraveling complex tax issues and working with federal, state and local tax officials on your behalf to achieve a fair resolution.
You don't have to go it alone. Call 908-840-4539 today and let us help solve your tax problems.
Filing Back Taxes
We'll start by analyzing your situation and identifying your options. Then we'll help you complete and file your back tax returns. We'll do everything in our power to minimize your back debt and any penalties incurred by your failure to file.
Tax Liens and Levies
If you've failed to file a return or pay back taxes, the IRS has many options for collecting the debt, including placing a lien on your home, car or other property. R. E. Kroll Associates, LLC will negotiate directly with the IRS to resolve the issue as quickly as possible and avoid further action, including having your property seized.
If you owe back taxes, the IRS can legally collect a portion of your wages directly from your employer in order to satisfy the debt. We will work with the IRS to develop an arrangement to settle the debt and end your wage garnishment.
Tax Settlement Options
An offer in compromise is an agreement enabling a business or individual to settle a tax debt for less than the full amount owed. If you qualify, we will work with the IRS to negotiate an agreement for the lowest possible settlement.
An installment agreement enables someone who can't afford a large lump sum to pay off a tax debt in smaller increments. We can help you negotiate a plan that will meet your budget.
Currently-not-collectible status means that the IRS has removed your account from active collection efforts. We can help you determine whether you meet the qualification guidelines and if possible, have your account declared non-collectible.
Penalty and interest amounts for back taxes are often negotiable. Our experienced tax professionals will do everything possible to reduce your obligation.
IRS Audit Assistance
A notice that your tax returns are being audited doesn't have to be cause for concern. R. E. Kroll Associates, LLC will review your records and represent you throughout the audit process.