If you’ve ever received a tax return from the IRS and thought that your payment amount was incorrect, you are not alone. The IRS sometimes makes mistakes when filing tax returns, such as counting your income twice or including your business partner’s income.
Instead of worrying about how you’re going to pay this unexpected amount, let BC Tax help you with your tax transcript. Our team can assist you by resolving tax disputes and creating a plan for asset protection. Let us help you ensure you or your business is paying the correct amount of tax.
Our Tax Transcript Protest and Asset Protection Process
At BC Tax, our clients are our priority throughout the tax dispute resolution and asset protection process. We begin our process with a complimentary consultation with our Senior Tax Consultant to evaluate your situation. Once this evaluation is complete, we will assign one of our Enrolled Agents to analyze your tax returns, transcripts and any additional documentation.
After reviewing your financial documents and creating a strategy, our team will communicate directly with the IRS to appeal your return. If necessary, we will revise your return and present your case to a tax authority representative.
While there is a chance that the tax authority will reduce or eliminate your balance if they agree with our analysis, it is also a good idea to have plans in place if you have to pay the balance in full. If you have to pay the full balance and lack the necessary funds to do so, BC Tax services will provide tax transcript representation on your behalf to negotiate various payment options such as:
- An installment agreement that allows you to pay off your balance over time.
- Tiered installment agreements to gradually increase the amount you pay each month for improved alignment with your personal goals and circumstances.
- An Offer in Compromise or settling your tax debt for less than the full amount owed.
- Establishing a non-collectible status in which the IRS agrees to stop attempts to collect unpaid taxes.