Effective IRS back tax settlement strategies for Chicago area taxpayers
IRS back taxes are a painful reality for many Illinois taxpayers, especially if they are not aware of the potential consequences they are facing. Even the most minimal IRS back tax debt can snowball out of control if a viable IRS back tax settlement isn't pursued, resulting in unwavering tax penalties and your assets being in danger of collections. If you are an Illinois taxpayer in the Chicago-area burdened with IRS back taxes, Chicago Pure Tax is your solution for proper IRS back tax help. Whether an individual or business owner of Cook or DuPage County, our team of licensed back tax attorneys and enrolled agents are equipped to negotiate a convenient settlement program that will alleviate your back tax problems for good.
Unlike your every day CPA or Accountant, only a licensed and experienced tax attorney possesses the experienced and legal authority to negotiate with the proper IRS authorities to secure a back tax settlement. At Chicago Pure Tax, our tax attorneys represent local taxpayers with the IRS to negotiate a realistic tax resolution strategy, with the overall goal to settle your tax debt completely, and keep your assets and wages safe. Our back tax attorneys can pursue any number of effective settlement programs that will eliminate your tax debt efficiently and properly.
IRS Back Tax Relief Programs
Correcting Back Tax Returns
As many cases of back tax debt stem from misfiled, or unfiled tax returns, we first look at correcting those delinquent returns for you. Our team of CPAs and Accountants help our Chicago clients rectify their tax filing issues, which helps sets the stage to reducing tax debt, settling tax debt, and protecting our client's assets from collections.
IRS Installment Plans
The most viable and common of the back tax forgiveness options, our tax attorneys can negotiate an IRS installment plan, which normally entails reducing your tax liability, and securing an affordable installment plan where you pay off your tax delinquency over time.
Offer In Compromise (OIC)
With the representation of an experienced and licensed tax attorney, you may qualify for an Offer In Compromise, where the IRS agrees to accept less than you owe in order to reach a quicker settlement. This IRS back tax forgiveness option is ideal for Chicago taxpayers with significant amounts of back tax debt. Our team of tax law professionals are experts at securing OIC programs for our Chicago clients.
Currently Not Collectible Status (CNC)
In cases of severe financial hardship, where a taxpayer with back tax debt has limited income, an CNC determination is a viable option. If you qualify, the IRS will suspend your back tax obligations for an indefinite period, and may grant amnesty in certain situations. Achieving this IRS back tax forgiveness option begins with consulting with a tax help professional to determine if you indeed qualify. If you are a Cook or DuPage County taxpayer with back tax debt and are unable to live a comfortable lifestyle and pay off your back taxes at the same time, we may be able to secure a CNC for you.
LEARN MORE ABOUT OUR BACK TAX RELIEF OPTIONS IN CHICAGO
