What is 20/20 Tax Resolution?
20/20 Tax Resolution offers tax resolution expertise to business owners and individuals. It operates in all 50 states and Washington D.C. 20/20 Tax Resolution has brought more than 36,000 cases to a successful resolution with the Internal Revenue Service (IRS).
Every financial consultant on the 20/20 team is certified and trained to negotiate with the IRS. The team is made up of licensed professionals, enrolled agents, and business experts.
Since 1998, 20/20 Tax Resolution has taken pride in giving personalized service to each client. The professional assigned to your case will help you find the best path forward and will take over all communication with the IRS on your behalf. Their mission is to reduce your tax debt and provide an affordable and effective solution that lets you return to your life and business as quickly as possible.
How Does 20/20 Tax Resolution Work?
20/20 Tax Resolution offers a free consultation as the first step. You can set up your free consultation call through its website.
The initial call takes 15 to 20 minutes. A licensed professional will review the details of your case and determine a strategy that suits your specific circumstances well.
After that, 20/20 will send you a proposal that outlines the services it recommends to resolve your tax problem. In addition, the proposal will include the terms and payment details for 20/20 Tax Resolution’s services.
You then have the opportunity to contact a representative to ask questions about the proposal.
If you choose to secure the services of 20/20 Tax Resolution, you’ll sign and submit a work agreement.
What Services Do 20/20 Tax Resolution Offer?
Depending on your unique circumstances, 20/20 Tax Resolution may recommend various services to reduce your debt and provide a path to paying off your tax burden.
In many cases, the IRS will allow you to make monthly payments over time. This type of installment agreement is one of the most common tax resolution options. Spreading out payments can prevent you from going into debt to pay off your tax bill.
Offer in Compromise
An Offer in Compromise (OIC) is possible if you have little disposable income and few assets, and paying your total tax bill could result in financial hardship. Qualifying for an OIC means the IRS will lower your tax liability to a manageable number. 20/20 Tax Resolution will review your situation to see if you qualify for an OIC and will only employ this strategy if there’s a real chance of success.
In many circumstances, the IRS may be willing to waive any penalties or interest you’ve incurred for late payments or filings. 20/20 Tax Resolution knows when penalty abatements are possible and how to submit for this type of IRS relief.
A levy is when the IRS forcibly takes money from your bank account. It can also apply levies to tax refunds, accounts receivable, and payroll accounts. A levy can often be a disaster for a business owner. 20/20 Tax Resolution may be able to obtain a release of levy on your behalf, which could result in money that’s been seized being returned to you.
Depending on where you are in your dealings with the IRS, you may be at a point where an appeal makes sense. The professionals at 20/20 Tax Resolution will determine if your case would best be served by an appeal, now or in the future.
Innocent Spouse Relief
If your tax problems result from mishandling by your spouse, and you can show you were unaware of your spouse’s actions, you may qualify for tax relief.
What are the Benefits of 20/20 Tax Resolution?
20/20 Tax Resolution has worked for over 20 years, helping individual taxpayers and businesses find tax relief in the face of difficult, confusing, and expensive tax problems.
- Licensed Professionals: The person assigned to your case will be an enrolled agent or business expert certified and trained to negotiate with the IRS.
- Free Consultation: Before entering into a contract, you can meet with a 20/20 Tax Resolution agent to review your case and learn what strategies are available to you.
- Transparent Pricing: 20/20 Tax Resolution will send you a proposal outlining their approach to your case and clearly stating the fees and payment terms to enlist their services.
- Established IRS Relationships: 20/20 Tax Resolution has existing relationships with IRS offices and knows how to work with the IRS agents handling your case.
Why Should You Choose 20/20 Tax Resolution for Your Tax Problem?
A large tax debt with penalties and interest can seem impossible. It’s expensive, and it takes time and effort to determine your options for moving forward. Add to that a confusing tax code, and you can feel at a severe disadvantage.
When you work with 20/20 Tax Resolution, your agent will handle communications with the IRS. They’ll keep you informed, but you won’t be the point person on your case anymore. 20/20 Tax Resolution will work to get you the best deal possible. With a professional working on your case, you can start focusing on living your life again.
How to Get Started with 20/20 Tax Resolution?
The first step is to schedule a free consultation call through the 20/20 Tax Resolution website.
A licensed professional will meet with your for 15 to 20 minutes to review the details of your case. Then, they’ll develop a strategy for handling your unique circumstances.
They’ll send you a proposal outlining their services and fees. If the proposal suits you, you can request a final contract. After you sign the contract and pay the fees, an expert from their team will be assigned to your case.