Back Taxes Services

Back taxes getting you down? from understanding your back taxes to negotiating settlements, Accounting Freedom tax relief experts have your back. By taking immediate action on your back taxes, you protect your financial wellbeing of your family and business.

Bookkeeping services are an essential part of any business and provide businesses with the ability to track their finances. This information is essential for businesses to make confident, informed decisions. 

Staying IRS compliant is the best reason to file your IRS income taxes. At Accounting Freedom we employ cutting-edge accounting techniques and auditing practices to help you reduce risk, ensure IRS compliance, and enhance your business performance.

As former IRS agents, we have successfully reduced thousands of dollars in tax penalties and interest, using proven strategies and in-depth knowledge of the system.

If you qualify, we can assist in removing or reducing tax penalties and interest on your taxes.

IRS letters arriving by certified mail from typically indicate that they are prepared to take enforcement action. If you don’t respond within the specified time frame, the IRS may likely garnish your wages or bank account and file a Federal Tax Lien. Now is the time to seek IRS representation with Accounting Freedom.

An IRS tax lien can attach to all your property and is issued when you neglect or refuse to fully pay your tax debt on time or respond to IRS letters.

The IRS selects returns for audit through a random selection process and statistical formulas. Your business or individual tax return may come under audit if it shows significant deviations for norms or is related to other returns being audited.

Wage garnishments persist until you take the necessary steps to resolve the tax issue. The IRS tax debt collection process allows them to garnish wages for unpaid back taxes. Wages, salary, and other income include payment for personal services in a working relationship.

If you’re unable to pay your tax debt in full right away, you can set up an installment agreement to make monthly payments if you owe taxes. An Installment Agreement halts the collection efforts against you and enables you to make manageable monthly payments against your back taxes to the IRS. Installment Agreements help restore order to your life without the fear of IRS collections.

An IRS levy is a legal action taken by the government to confiscate your property and assets to pay off a tax debt. An IRS levy could lead to the IRS seizing your bank accounts and assets, or garnishing your wages to settle the unpaid tax liability. Contact us right away if you get a notice of intent to levy.

An IRS Offer in Compromise is a practical solution for individuals or businesses unable to pay their full tax liability. Although there are various strategies to address tax debt, managing tax debt can be a difficult challenge when it comes to personal or business finances.

The IRS has the authority to impose the Trust Fund Recovery Penalty (TFRP) on individuals or corporations that fail to remit payroll taxes. These taxes are referred to as “trust fund taxes” because the employer is entrusted with the responsibility of holding the employee’s portion of the tax until it is properly deposited with the federal government.

“Seriously delinquent tax debt” refers to an individual’s unpaid, legally enforceable federal tax debt (including interest and penalties) exceeding $62,000 in 2024, with this threshold adjusted annually for inflation. The IRS may recommend passport revocation if a taxpayer fails to fulfill a payment promise or has offshore activities that could resolve delinquent tax debt.