Taxpayer Debt Resolution

Are you struggling to pay your taxes? We can help!

If so, the IRS Fresh Start program for individual taxpayers and small businesses can help. The IRS began Fresh Start to help struggling taxpayers. And, recently, the IRS has expanded the program by adopting more flexible terms. This program expansion will enable some of the most financially distressed taxpayers to clear up their tax programs, possibly more quickly than in the past.

Whether your tax problems are from an IRS exam, collection activity or trust fund assessments we can help you.

What is an Offer in Compromise (OIC)?

An OIC is an agreement between a qualified taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.

Don’t fall for false claims by “offer mills”

Advertisements from so called “tax resolution” specialists frequently make claims that tax debt can be settled for far less than the amount owed when, in fact, it cannot. This happens, of course, after the client has paid very high fees. And you never sit face to face with the person that “represents” you.

Generally, the IRS does not accept an OIC if it believes the liability can be paid in full as a lump sum or through a payment agreement. The IRS looks at the taxpayer’s income and assets to make a determination of the taxpayer’s reasonable collection potential. OIC’s are subject to acceptance on legal requirements. Less than 30% of offers are actually accepted by the IRS.

What if I don’t qualify for an Offer in Compromise?

There are other options available to work with the IRS to reduce or abate collection activities. Each case Whitewater Group reviews is carefully examined for every possible option. Sometimes options change as circumstances change over time. We monitor client changes though the entire collection process to ensure they have access to the best program for which they qualify at all times.

We work with States as well

Often, taxpayers have tax problems with their state as well as the IRS. We work with all states using our expertise to obtain the best possible outcome in any given state.