Tax Relief Denver

We can help you resolve your tax issues. We handled all types of tax issues, we work with the IRS and state agencies to help our clients get back on track. V Tax Services will help you resolve your tax problems and offers you tax relief so, you can put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and, of course, extremely discrete.

We will be happy to assist you with the following situation:

  • Amended Tax Return Preparation

  • IRS Appeals

  • IRS Back Taxes / Back Tax Return Preparation

  • IRS Guaranteed  Installment Agreement

  • Offer-In-Compromise

  • IRS Installment Agreement

  • Injured Spouse

  • Innocent Spouse Relief

  • IRS Audit Representation

  • IRS Penalty Abatement

  • IRS Threatening Letters

We as Enrolled Agents are ready to fight for the resolution you deserve. We will collect all of the documents necessary to bring you into full compliance with the IRS. We’ll also build your case to support the right resolution strategy for the right time. We’ll present your case to the IRS in the way that only we can, positioning you to receive the financial outcome that you so richly deserve.

Resolve your Tax Problem with the piece of mind that you have a professional on your side.

Give us a call at 970-306-8221 or contact us to set up a free consultation.

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Tax Relief Denver

IRS, the tax regulatory authority in the United States, has always been aware of the hardships of the taxpayer. Thus, IRS has chalked out various kinds of tax relief measures to help the troubled taxpayers. These tax relief measures range from payment of tax liability in installments to even abatement of certain taxes and penalties.

We, at V-Tax Services, help you find the tax relief measures you are eligible for. Whether it be the filing of appeals, back tax return preparation, requesting innocent spouse relief, or penalty abatement, we do it all. Taxes are always heavy on the pocket, but their burden can always be reduced by claiming tax refunds and our tax advisors help you in that. In general, the following types of tax refunds are available:

Amended Tax Return Preparation

IRS, the tax regulatory authority in the United States, has always been aware of the hardships of the taxpayer. Thus, IRS has chalked out various kinds of tax relief measures to help the troubled taxpayers. These tax relief measures range from payment of tax liability in installments to even abatement of certain taxes and penalties.

We, at V-Tax Services, help you find the tax relief measures you are eligible for. Whether it be the filing of appeals, back tax return preparation, requesting innocent spouse relief, or penalty abatement, we do it all. Taxes are always heavy on the pocket, but their burden can always be reduced by claiming tax refunds and our tax advisors help you in that. In general, the following types of tax refunds are available:

IRS Guaranteed Instalment Agreement

It is a kind of tax relief payment plan under which the IRS allows you to pay your taxes in scheduled installments, however, prior permission from IRS is required. Such tax relief is granted by IRS only if all the previous due returns are filed on time and the taxpayer promises to pay all monthly payments on time. However, user fees are, generally, charged to set up an IRS installment agreement plan. Interest and some penalty charges continue to be added until the tax due is settled in full. Thus, the IRS installment agreement plan can be an effective tax relief measure to reduce the immediate burden by spreading it over multiple installments.

IRS Back Taxes / Back Tax Return Preparation

It is extremely important to clear your previous tax dues and file previously due returns as it enables you to claim tax returns in the future, avoid interest and penalties, protect social security benefits, and maintaining your credit score. It also helps in avoiding any notices from the IRS and filing of any substitute return by IRS itself, in which benefits of exemptions and other tax relief are generally not given to the taxpayer. In worst cases, it may also lead to attachment of wages and bank account. There is no limit to how far back tax returns can be filed, but it is always advisable to file back returns for all years in which any income has accrued.

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IRS Offer-in-Compromise (OIC)

This measure comes as tax relief for those taxpayers who are in financial hardship and are unable to pay their taxes in full. Through this tax relief method, taxpayers can settle their tax dues at amounts less than owed to the IRS. The IRS Offer-in-Compromise scheme is available for those who have filed their tax returns duly but have not made any required estimated payments. This tax relief policy is not applicable on current year taxes if extensions have been filed already or for those who have opted for an installment plan. The following set of facts are considered before granting any such tax relief: 

  • Ability to Pay

  • Income level

  • Expenses

  • Asset equity

IRS Appeals

Appeals are the most effective way to claim tax relief against the decisions of the IRS. Appeals can be filed if, in the opinion of taxpayer, the IRS makes an incorrect decision based on a misinterpretation of law or facts. A separate one-level Appeal Office has been set-up specifically in this regard where appeals can be filed against the orders of IRS to claim tax relief. Apart from ordinary appeal processes, there are meditation programs available that provide faster tax relief and resolutions as compared to appeals. An appeal is requested by writing a formal written protest, which often requires the services of an expert.

Injured Spouse

This is applicable when the tax return is filed jointly by a married couple and the overpayment of any tax on part of one partner is applied to meet the outstanding dues of other partner. This generally happens when one spouse owes child support or has defaulted on a federal student loan. In such a case, the aggrieved partner may make an application to IRS to claim his part of refund. For claiming this tax relief in Greenwood Village , Form 8379 is required to be filed. This form may be filed during or after filing of the joint and amended tax return. An injured spouse form must be filed for each year the taxpayer wants tax relief for.

Innocent Spouse Tax Relief

Innocent Spouse Tax Relief is claimed to get relief from tax, interest and penalties due to misreporting and omissions committed by taxpayer’s spouse in the joint tax return. The tax, interest and penalty that qualify for innocent spouse tax relief can be collected from spouse. However, the taxpayer will be individually and jointly responsible for other items that do not qualify for tax relief. It is applicable only for individual income and self-employment taxes. The IRS will consider all facts and circumstances to determine whether the partner claiming this relief was genuinely not aware of misreporting and is actually aggrieved due to the acts of his partner. Thus, this tax relief measure comes as a big relief for couples, especially after their separation.

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IRS Audit Representation  

An IRS audit is a review/ examination of a taxpayer’s accounts and financial information to ensure information reported in the tax return is correct and in compliance with law. IRS Audit Representation is a service in which a tax professional stands and represents a taxpayer undergoing audit in front of IRS. Generally, IRS keeps sending mails to invite more tax information from the tax payer.

IRS Penalty Abatement

This is available as tax relief from interest and penalty on late filing of the return, late payment of tax. It is at the discretion of the IRS to give a waiver from penalty and interest thereon. However, such tax relief is generally allowed only after the fulfillment of certain conditions:

  • No penalties were levied in 3 previous years

  • All currently due returns have been filed, or an extension has been filed

  • All due taxes have been paid

IRS Threatening Letters

While it is always better to avoid any disputes with the IRS, many taxpayers still receive various notices from the IRS. Some are like the inquiry, while others are threatening. For example, if the IRS finds out that any tax evasion has occurred, it may issue threatening letters to seize bank accounts and personal properties to recover its tax. It may also withdraw previously allowed tax relief. Such notices are scary and challenging to deal with. Any undue claim of tax relief in return can also invite such letters. Such letters should not be taken lightly, and tax experts should be called immediately on receipt of such notices.