We offer a wide array of services at Fidelity Tax Relief but our core competencies revolve around tax resolution. Here is a list of our core competencies:
Offer in Compromise
Many people understandably become stressed when facing overwhelming federal tax debt, especially when they have no idea how they will be able to pay. You do not have to fear the IRS; they can actually be quite accommodating to your financial situation. One tax relief solution offered by the IRS is an Offer in Compromise. At Fidelity Tax Relief, we analyze your situation to see if you qualify for this program and assist you by working towards the appropriate IRS tax settlement for your outstanding debt.
Currently Not Collectible
There are several solutions to help you pay your tax debt, whether it is from back taxes or you owe more than you expected. However, some people have absolutely no way to pay anything towards their IRS debt. In this situation, you can apply for Currently Not Collectible (CNC) status. This will alleviate your obligation to pay your tax debt for a period of time.
Levy or Wage Garnishment
When you owe a significant amount of money in taxes, including back taxes, then the IRS has many actions it can take to get repaid, including implementing a lien or levy on your assets. If this happens to you, you are not powerless against the IRS. You can get your lien or levy removed and discover a better way to reduce your tax liability.
When you owe money to the IRS and you do not pay it on time, then you will be facing interest and penalties. This increases the amount you owe exponentially, which could make it even harder for you to pay your IRS tax debt. If the penalties on your tax debt create a hardship for you, you can apply for a penalty abatement or adjustment.
When it comes time to pay your tax bill, you have options if you owe more than you can reasonably pay. One popular IRS tax relief solution is an IRS installment plan. This allows you to pay down your tax debt with reasonable and affordable payments over a period of time. The terms typically include interest and penalties; however, it provides an avenue for getting yourself back on track that finally eliminates your burden.