Common IRS Tax Problems And How Tax Resolution Companies Can Help?

Tax-related concerns can be a significant source of anxiety and financial hardship for both individuals and corporations. Whether it’s a simple oversight or a more complex issue, facing the IRS can be intimidating. However, it’s essential to remember that you are not alone in dealing with these problems. Tax resolution companies specialize in assisting taxpayers who find themselves in various IRS-related predicaments. In this article, we will explore some common IRS tax problems and how tax resolution companies can provide much-needed assistance.

Unfiled Tax Returns

Failing to file tax returns is one of the most frequent tax issues people have. Whether due to procrastination, fear of owing taxes, or other reasons, unfiled tax returns can lead to severe consequences, including penalties and interest charges. A tax resolution company can help by assisting clients in filing past-due returns and negotiating with the IRS to minimize penalties.

Tax Debt

Accumulating tax debt is another prevalent issue. Whether it results from unpaid taxes, underestimated quarterly payments, or other factors, owing a substantial amount to the IRS can be overwhelming. Tax resolution firms can help clients by negotiating installment agreements or pursuing an Offer in Compromise (OIC) to settle tax debt for less than the full amount owed.

Tax Audits

It can be quite upsetting to receive notification that you are the subject of an IRS audit. IRS audits are something that tax resolution professionals are familiar with and can handle. They are also able to represent clients throughout the auditing process. They can assist in the collection of requisite documentation, provide responses to inquiries from the IRS, and work to minimize potential liabilities.

Wage Garnishments

The Internal Revenue Service can impose wage garnishments, which can have a significant impact on the financial stability of an individual. Companies that specialize in tax resolution can negotiate with the Internal Revenue Service (IRS) to release wage garnishments or to set up alternative arrangements to satisfy the debt while minimizing the financial strain that the taxpayer is under.

Bank Levies

When the Internal Revenue Service (IRS) levies your bank accounts, it will be impossible for you to access your funds ever again. You will be able to regain control of your financial situation with the assistance of tax resolution professionals who can assist in the release of bank levies. The outstanding tax debt can also be addressed with the assistance of payment plans that they can help establish.

Tax Liens

Your credit score may suffer if you have tax liens, which can also make it more challenging for you to get financing or loans. Tax resolution professionals can work toward the release of the tax lien or negotiate with the Internal Revenue Service to transform it into a tax payment plan that is less detrimental.

Penalties And Interest

The IRS often imposes penalties and interest charges on unpaid taxes. These additional costs can quickly accumulate and make resolving tax issues even more challenging. Tax resolution companies can help negotiate penalty abatement and interest reduction, potentially saving taxpayers a significant amount of money.

Offers In Compromise (OIC)

The Offer in Compromise is a potent weapon in the tax resolution toolbox (OIC). With this option, qualified taxpayers can settle their tax debt for a sum less than what is owed in full. Tax resolution firms can determine whether a taxpayer qualifies for an OIC and help them navigate the challenging application process to improve their chances of success.


Although IRS tax issues can be overwhelming, they are not insurmountable. Tax resolution firms are experts at guiding people and organizations through the complexity of tax problems and achieving successful outcomes. From unfiled tax returns to tax debt, wage garnishments, and more, these professionals have the knowledge and experience to assist clients in resolving their IRS-related troubles. If you’re facing IRS tax problems, don’t hesitate to seek the help of a reputable tax resolution company. With their expertise, you can regain control of your financial situation and move towards a more secure future.