Here what the IRS does if you fail to file and pay taxes owed:

1. Creates a Substitute for Return (SFR) to assess taxes owed based on the information received from you employers, financial institutions etc. and sends notices demanding payments. SFRs disregard tax deductible expenses and tax credits that reduce the taxes but assess penalties and interests.
2. Starts collection activity if the tax bill you received is not paid within 90 days after you received a final notice to pay your balance due. The IRS collection statute of limitation is 10 years.
3. Levies your wages and bank accounts.
4. Places liens on your properties.
5. Asks the State Department to revoke tax payer’s passport.

Here what we do to help you to resolve your tax problems:

1. Stop IRS collections and obtain your income information directly from the IRS.
2. File accurate back tax returns claiming tax deductions and tax credits to reduce your tax bills.
3. Request penalty abatements and remove tax levies.
4. Prepare Offers in Compromise, Partial Payment Installment Agreements for the eligible taxpayers and negotiate with the IRS to enable you to pay less than the total amount of taxes owed and clear an unpaid portion.
5. Get Currently Non-Collectible status for the taxpayers experiencing financial hardship. 
6. Set up an Installment Payment Plan to pay tax debts over time by monthly payments.

Feel free to contact us to find out the best tax resolution possible for you. Our fees are very competitive and are based on the complexity of your tax situation which can be determined during a phone interview and analyzing your IRS accounts. We look forward to working with you.

Have a Blessed Day!