You are unsure about how you can resolve your tax issues. And this uncertainty causes you a lot of stress because any second you may face additional penalties and interest.
We understand your situation and can help you. Precision Tax Relief (PTR) guided thousands of similar cases through the process of managing tax debts, providing personalized solutions to fit their financial obligations.
Why Choose Precision Tax Relief?
Thanks to our years of expertise in negotiating with the IRS, we have settled over $58 million in tax debt. How did we achieve it? For each client, we create unique tax resolution plans which best suited to their specific needs. That is, our goal is to provide you with a clear and manageable roadmap toward resolving your tax debt and securing financial peace.
Real Client Success Stories: Transforming Tax Debt into Relief
Case Study 1: Jordan Lee
Jordan, a small business owner in digital marketing, has not filed tax returns for the past four years due to business and personal challenges. Plus, IRS’s multiple notices doubled his anxiety. However, no revenue officer has been assigned to Jordan’s case.
Jordan reached us, and we helped him by setting up a flexible payment plan to spread out service fees over several months. Instead of paying PTR service fees upfront, Jordan opted for a stretched payment plan. This way, he was able to maintain financial flexibility and adjust his case handling to match the slow fee settlement.
Resolution Timeline:
- Week 1-4: Jordan engaged PTR through a flexible payment plan. In this way, we allowed him to spread the service fees over 7–9 months to reduce financial strain. Then, we outlined the process for resolving Jordan’s tax issues, collected Power of Attorney (POA) forms, and gathered all necessary tax documents.
- Week 5-8: The team requested additional documents and began preparing tax returns for the past four years. He was also advised to make estimated tax payments during this time to prevent further liabilities.
- Week 9-12: After ensuring accuracy, we reviewed the prepared tax returns with Jordan. The last three years’ returns were e-filed, and the older return was prepared for manual processing.
- Week 13-24: Our representation team conducted a thorough financial analysis to prepare for negotiating an IRS payment plan that fits Jordan’s budget.
- Week 25-36: We negotiated a payment plan with the IRS, which IRS managerial approval took 4–6 weeks. Plus, Jordan was informed of the steps along the way, ensuring no surprises.
- Week 37-48: Jordan started making IRS payments under the negotiated plan. We also helped him set up regular estimated tax payments to stay compliant moving forward. The case is closed with a completion letter summarizing the outcome.
Outcome: Jordan’s delayed tax returns were addressed methodically over a structured timeframe. Thanks to the PTR guidance, compliance with the IRS was restored through a plan that wouldn’t cause him financial hardship.
Case Study 2: Alex Thompson
After an IRS audit resulted in a significant tax liability, Alex found himself unable to pay the full amount. A revenue officer was assigned to collect the debt, which created additional pressure on him.
At this point, PTR stepped in to prepare an Offer in Compromise (OIC), an IRS payment plan that allows eligible taxpayers to settle their tax debts for less than the full amount owed.
Resolution Timeline:
- Week 1: Our team sent a welcome email to Alex, introducing the representation professionals and next steps. We promptly contacted the assigned revenue officer and began collecting POA forms, tax information, and other necessary documents.
- Week 2: We analyzed Alex’s post-audit returns and identified discrepancies and opportunities for amendments that could reduce his liability.
- Week 3-4: The tax returns were prepared for possible amendments, ensuring that all documents were ready for submission.
- Week 5-8: We finalized and reviewed the amended tax returns with Alex. The last three years of returns were e-filed, while older returns were manually processed. During this period, we continued to communicate with the revenue officer to provide updates and prevent further enforcement actions.
- Week 9-12: We collected current financial statements to evaluate the likelihood of an OIC application acceptance. Besides, we provided recommendations on withholding or estimated tax payments are made.
- Week 13-16: The OIC process was completed and sent to Alex for review and signature before submission to the IRS.
- Week 17-24: The OIC application was submitted, and we waited for the assignment of an offer examiner to review the application. During this time, we continued to update Alex on the process.
- Week 25-30: The IRS conducted a financial investigation, so they requested additional documentation. Negotiations took place, and a preliminary decision was made on whether the application would be accepted or not.
- Week 31-36: The OIC was tentatively accepted, and the case was moved to final review by IRS managers. Upon full approval, Alex received an official letter confirming that his reduced liability must be paid within five months.
- Week 37-48: Afterward, we discussed ongoing compliance and introduced Alex to our Peace of Mind service for continuous support.
Outcome: After a detailed financial analysis, PTR successfully negotiated a significant reduction in Alex’s tax liability. Today, Alex has a manageable payment plan with ongoing support to ensure future compliance, and his case is closed.
The Process: From Tax Debt to Relief
Onboarding & Initial Review
The first consultation includes submitting a Power of Attorney (POA) and reviewing your documents. This step helps us understand your financial situation and tax history.
Tax Preparation & Filing
We assist in the accurate filing of all required tax returns. Once your returns are submitted, your case transitions to our Representation Team.
Offer in Compromise Preparation & Submission
If an OIC is the best solution for you, we conduct a thorough financial assessment and prepare your OIC application. Our team ensures all financial information is detailed and accurate to increase your chances of acceptance.
IRS Examination & Negotiation
We negotiate with the IRS on your behalf to ensure the best possible outcome. This includes managing IRS examinations of your case and any required follow-ups.
Case Closure & Future Compliance
After successfully resolving your case, we offer ongoing support, our Peace of Mind service, which helps you stay compliant with future tax obligations.
What to Expect When You Contact Us
We believe in transparency and professionalism. Your first step with us will involve a clear, no-obligation consultation where we explain our tax debt resolving process and our pricing.
Conclusion: Ready to Take the First Step?
Our track record speaks for itself, and we are committed to providing proven results with expertise and care. Thereby, you will find relief from your tax debt.
Contact us today for a free consultation and take the first step toward financial freedom.
