Watax Services Offered

The Offer in Compromise is the most straight forward and effective method of seriously reducing your tax debt. If you qualify for an Offer in Compromise, you will only be required to pay a small fraction of what you currently owe to settle your tax debt for good. The Offer in Compromise program is offered by the IRS and also by many states.

The great part about this is that once your Offer in Compromise is signed and accepted, the IRS cannot come back and change your payments or charge you additional interest or penalties for the tax years you settled on.

We Can Save You Thousands on Filing Late Tax Returns

Some clients are only behind a year or two in filing late IRS tax returns, others need to catch up on their tax filings back to the late 90's or farther. Regardless of how far behind you are in filing IRS or State back taxes, our team of experienced tax preparers can promptly prepare accurate returns, while aiming to minimize the risk of audit, enforced tax collection or criminal prosecution by the taxing agencies.

We Can Help Remove Your Spouse's Tax Liability from Your Tax Record

Not every marriage ends up "happily ever after." If one of the people in the relationship failed to pay their taxes, this can make a difficult situation even worse. While you were married, if you filed Married Filing Jointly and that return had an unpaid liability, the IRS views both taxpayers as 100% responsible for the tax liability. The IRS can make the innocent party pay for the debt or forfeit their income tax refunds.

We Can Help you Negotiate a Fair IRS Installment Agreement

Installment agreements are set up when a taxpayer cannot afford to pay their entire tax debt all at once, but can afford to pay it over time. Standard installment agreements are paid as a fixed payment every month. IRS or State installment payments can be debited directly from a taxpayer's paycheck or bank account automatically, or can be paid by check each month. With the IRS and many states, payments can also be made online. The IRS uses EFTPS to accept online payments.

We Can Help with Overdue Payroll Taxes

Employers are required to withhold payroll taxes from their employees' paychecks and pay this tax to the IRS on their employees' behalf. The most common types of Payroll taxes are 941 taxes and 940 taxes. When business owners are unable to or avoid paying these taxes, a payroll tax liability is created.

We Can Help you Eliminate IRS Penalties

If you have been assessed Tax Penalties by the IRS because you fell behind on your taxes, you may not have to pay all of them back to the IRS if you had a good reason for not filing or paying the tax in the first place. In fact, you may not even owe any Tax Penalties at all if they were assessed to you unfairly by the IRS. Unfortunately, when it comes to Tax Penalties, you are assumed guilty until you can show them that you do not deserve to be charged these excessive Penalties.

When a case involves an operating business, aggressive IRS Collections action (such as a bank or wage levy) or if a taxpayer has a complicated tax situation that needs extra attention, we always recommend that Professional Tax Representation be used. Representation is also useful if a taxpayer does not have the time or desire to speak with the IRS on their own.

In addition to assisting taxpayers with IRS tax debts, Washington Tax Services also offers tax help for taxpayers who owe money to their State. Every State has it's own taxing agencies and tax collection branches. Collection policies and procedures vary widely from State to State. However, because of the success of many of the IRS' tax resolution procedures, such as the Offer in Compromise Program, many states have implemented similar procedures to help taxpayers resolve their past due tax debts.

IRS Collection Statute Expiration Dates

The Collection Statute Expiration Date (CSED) for IRS taxes is, in most cases, 10 years. Once this Statute period has run, any remaining tax debt is forgiven. The statutory period begins on the date the tax debt is assessed which is usually shortly after a taxpayers returns are filed. If a taxpayer never filed their returns the Collection Statute would begin on the date that the IRS creates a substitute return (SFR) for the taxpayer.

Stop IRS Collections

The IRS will put a taxpayer into Uncollectable Status if they can demonstrate that they do not currently have the ability to pay back their tax debt. This status is also frequently referred to as "Currently Not Collectable" or CNC.