"I owe back taxes.......what do I do now?

Owing back taxes can be daunting and immensely stressful, both financially and emotionally. There are an estimated 12 million taxpayers that owe a total of $125 billion in delinquent taxes. The most important element in fixing your tax liability is treating it like the priority it is, and a near second is finding an ethical and experienced professional to help navigate the overwhelming system of the IRS. Sunrise Tax Solutions specializes in resolving outstanding tax debt liabilities for individuals and businesses alike. See an overview below outlining how to regain your financial freedom.

Discussion

The first step in fixing your tax liability is to talk about it. One of Sunrise Tax Solutions account analyst will have an initial, no obligation, discussion with you to better understand what put you in the position to owe what the taxing authority is claiming you owe. We then look to establish what your current financial ability is to be able to satisfy the debt being claimed. Once we have a better understanding of these things, we can start to sketch the picture of what the best path to resolution looks like.

Representation

Once the plan to fix the issue has been identified, you will sign a few forms that will allow to take the reigns and establish communication with the IRS and/or State as your representative. We will look to ensure there are no plans of enforced collections heading your way to keep you protected from things like wage garnishments, bank levies, and other actions that would negatively affect you financially. By hiring us, you have elected to let us take this stress on for you.

Resolution

An Enrolled Agent is a tax advisor who is a federally authorized tax practitioner empowered by the U.S. Department of Treasury to represent taxpayers before the IRS; in short a tax resolution specialist. When working with Sunrise Tax Solutions, you will be assigned an Enrolled Agent that will usher you from beginning to end on working to obtain the best deal allowable within the framework of IRS tax code. Resolutions can include things like penalty abatement, offer in compromise, non-collectible status, lien withdrawal, innocent spouse, and other options depending what the specifics of your tax situation dictates.

Closure

It's time to get back to living. Sunrise Tax Solutions end goal for every Client is to alleviate the financial and emotional stress stemming from their tax problems and assist them in gaining back financial freedom. Once we have provided you closure with your tax liability, what happens next is up to you.