Frequently Asked Questions

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If you are unable to settle the entire tax debt at one time, Benefit Tax Group will work directly with the IRS and/or state to negotiate the most favorable payment plan. If the taxing authority has burdened you with an unreasonable payment plan, or is threatening a levy on your wages, bank accounts and other assets, we can negotiate a payment strategy that will accommodate your current financial situation. If you qualify, we can also have your account deemed “not currently collectible”, requiring the taxing authority to withhold all collection activity until you are financially able to accept a payment plan or have submitted an Offer in Compromise.

An Offer in Compromise is an agreement between a taxpayer and the government to settle a tax liability by paying less than the full amount owed, often implemented when the entire tax liability cannot be collected. The government’s goal with an offer in compromise is to obtain what is reasonably collectible at the earliest possible time and incur the least amount of cost. There are three basis under which an offer in compromise may be accepted:

  • Doubt as to Collectability – If the IRS believes that the amount owed can never be paid back, they will be willing to take a portion of what is owed.
  • Doubt as to Liability – If there is doubt that the actual debt exists, the government may accept an  Offer-in-Compromise.
  • Effective Tax Administration – Even if the IRS or State feels the tax owed is valid and that you have sufficient assets and income to pay the entire debt, the taxpayer can show that, due to exceptional circumstances, it would be unfair and inequitable to demand full payment of the tax debt: for example, such a collection could put you and your family on the street.

Benefit Tax Group professionals have successfully conducted thousands of cases, and, if they believe you qualify, will prepare the best Offer-in-Compromise available, giving you the opportunity to settle your liability for the lowest amount possible.

IRS tax penalties and interest can make up the bulk of one’s delinquent tax bill and often are the main reason for an unmanageable tax problem. However, several IRS provisions can provide taxpayers relief. The most common reasons for penalty abatement include:

  1. First-Time Penalty Abatement
  2. Reasonable Cause
  3. Correction of Service Errors
  4. Administrative Wavers
  5. Statutory Exceptions
    Under reasonable cause, the IRS will thoroughly assess the initial situation that resulted in penalties. Reasonable cause relief will be granted on the basis of if the taxpayer exercised ordinary business care and prudence in determining their tax obligations, but was unable to comply with those obligations. Other factors that can determine penalty abatement are:
  6. Unable to Obtain Records
  7. Serious Illness
  8. Loss of Household Provider
  9. Incorrect Advice from Tax Advisor
  10. Incorrect Advice from Service
  11. Natural Disasters
  12. Service Error
    If you do qualify we can assist you in getting some or all of your penalties and interest removed, or even in obtaining refunds directly from the IRS.

When the IRS or state has failed repeatedly to collect taxes, they begin to seize assets. This process is called a “levy.” The taxing authorities can legally seize bank accounts, demand payment from accounts receivable, take control of property for auction, and assume title on vehicles. Virtually anything of value can be seized to satisfy the outstanding debt.

At Benefit Tax Group we understand how hard you have worked for your money, your possessions and the security of your family, and we will react immediately to remove or block seizure of your assets. In many cases, Benefit Tax Group can get a levy released in 24 hours.

When the IRS or State has failed repeatedly to collect taxes and they attach wages it is termed “wage garnishment”. Garnishment rules vary, but the IRS basically takes a portion of your paycheck each pay period and applies the amount garnished to your outstanding tax debt.

Having your wages garnished is a stressful and financially debilitating experience; Benefit Tax Group’s team of practitioners will immediately contact the IRS to attempt to release your wages from garnishment, and then structure a solution to resolve the underlying tax liability—whether that is an Offer in Compromise, Currently-non-Collectable, or an Installment Agreement.

Don’t let money worries prevent you from benefiting from professional tax settlement services.