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Will Trump's IRS Plan Cancel Your Tax Debt

Will Trump’s IRS Plan Cancel Your Tax Debt?

President Donald Trump has proposed replacing the Internal Revenue Service (IRS) with a new agency called the “External Revenue Service” (ERS).  The idea behind the ERS is to fund the US government using money collected from foreign sources (mainly tariffs and customs duties) instead of taxing American citizens.  While this sparked excitement in the media, […]
Will I go to jail for not paying taxes

How Much Do You Have to Owe the IRS to Go to Jail?

Taxpayers may miss their payments from time to time because of various reasons. However, when unpaid debts begin to pile up, it raises the question: can you go to jail for owing taxes? We’ll answer all your questions in this post, and help you understand your next steps.  Really? Can You Go to Jail for […]
can you have 2 IRS installment agreements

Can You Have 2 Installment Agreements with the IRS?

You had some back taxes. You thought, “It is not a big deal. It can wait. They will not come after me.” But the debt kept growing year after year. Then came the penalties. And the interest. To fix this, you had set up an installment agreement. But then you made the same mistakes again. […]
What is Currently Not Collectible Status?

What is Currently Not Collectible Status?

Managing taxes can be overwhelming, especially when unexpected financial obligations make it challenging to pay tax bills. One debt relief option provided by the Internal Revenue Service (IRS) is Currently Not Collectible (Cnc) Status. This status is a temporary solution for taxpayers facing financial difficulty who are unable to meet their tax payment obligations. Understanding […]
Can You Get a Mortgage with Unfiled Tax Returns?

Can You Get a Mortgage with Unfiled Tax Returns?

Getting a mortgage is challenging, and without filed tax returns, it gets even harder. Most lenders require tax returns to verify income. Without them, you could face loan denial, higher interest rates, or strict lending terms. Even if you have stable earnings and good credit, missing tax filings might raise concerns. In this guide, we […]
My OIC was Rejected. Now What?

Understanding IRS Offer In Compromise And The Impact Of Dissipated Assets

Dealing with tax liabilities can be a challenging and overwhelming task for many individuals. The Internal Revenue Service (IRS) offers various programs to assist taxpayers in settling their tax debts, with one such option being the Irs Offer In Compromise (OIC) program. This program allows taxpayers to settle their tax liabilities for less than the […]
How much will the IRS usually settle for?

Can the IRS Access Your Bank Records Without Your Knowledge?

In most cases, the IRS or your bank will notify you before accessing your financial records. However, under specific legal exceptions, the IRS may audit your records without prior warning.  When can the IRS actually access your financial information? Does every taxpayer need to worry, or is this reserved for specific cases like audits and […]
Tax Relief Programs offered by the IRS

IRS One Time Tax Debt Forgiveness: What It Is, How It Works, and How to Apply

If you have tax debt hanging over your head, you may have heard whispers about a supposed “IRS one time forgiveness” program. It sounds too good to be true: a clean slate with no hassle, no payments, and no consequences. Unfortunately, that is not reality. What is IRS One Time Forgiveness? Is it real?  There […]

How To Apply For A Withdrawal Of Notice Of Federal Tax Lien

Discovering a federal tax lien on your property can be distressing. A tax lien is the IRS’s legal claim against your property due to unpaid tax debt. While it does not directly seize assets, it can damage your credit, impact your ability to sell property, and create financial hardship. However, applying for a withdrawal of […]
i haven't filed taxes in 10 years what do i do

What Happens If I Don’t File Taxes?

Tax season arrives, and you push off filing your return. Maybe you are unsure about what you owe, or perhaps life gets in the way. But what really happens if you do not file your taxes? Ignoring your tax responsibilities can lead to costly penalties, accumulating interest, and even IRS enforcement actions. The good news? […]

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Hear From Our Clients

John T.

Amount Owed: $172,441

Settled for: $100

5/5

After numerous failed attempts with other companies, I realized the significance of finding out the hard way about what was going on. Most companies were just telemarketing operators vying for a commission. Thanks to one lucky phone call to Precision Tax, I was…. read more

Vincent R.

Amount Owed: $523,927

Settled for: $27,343

5/5

My offer in compromise turned out to be a long process due to my complicated personal tax situation, however the team at Precision Tax were able to get me the results I had hoped for. Everyone I worked with was top notch. Jinney kept in touch with me throughout….. read more

Steven L.

Amount Owed: $24,445

Settled for: $1,143

5/5

In 2019 I called to ask if Precision Tax could help me with my situation. I owed the IRS $24,000 in back taxes. They explained to me what my options were and said they could help. Then over the next year and a half with Covid, switching jobs, and a divorce, they have… read more

Deyanira M.

Amount Owed: $15,297

Settled for: $100

5/5

My husband and I are so thankful we found Precision Tax Relief. A year ago we were struggling with 4 years of back taxes, when we reached out to inquire about the services, they explained the process and were there to answer and help with any questions or concerns… read more

Need help now? Don’t wait to take action.

If you have a tax problem, waiting to act can often make the problem worse and cost you more money. The experts at Precision Tax Relief are standing by to help you put your IRS problems behind you for good.

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Hear From Our Clients

Brian M.

Amount Owed: $192,815

Settled for: $500

5/5

6 years ago I put myself and my family in a bad situation by not filing my taxes for 7 years. I called on the aid of Precision Tax Relief and they immediately went to work. With the help from Scott Gettis and his team at the time, they were able to stop the IRS… read more

Jason C.

Amount Owed: $238,108

Settled for: $23,888

5/5

I came to Precision Tax Relief in desperation after the IRS threatened to levy my bank accounts for back and unfilled taxes. I was in a hole that was impossible to dig out of, so an Offer In Compromise was the obvious solution. Unfortunately, I came during the… read more

Jenny R.

Amount Owed: $53,155

Settled for: $2,205

5/5

After reading the online reviews of Precision Tax Relief and doing my due diligence in researching them, I selected them to help me with my tax liability. My tax liability was close to $50,000, and Amanda Simpson was able to negotiate an amazing settlement for around $2,000… read more

Hal C.

Amount Owed: $162,721

Settled for: $17,718

5/5

A long standing disagreement with the IRS began in 2003 and became more difficult to deal with after years of negotiations while experiencing most of their enforcement tactics to seize my limited assets. In 2018, after 15 years of frustration trying personally to resolve the issues… read more

Robert H.

Amount Owed: $482,350

Settled for: $2,707

5/5

I worked hard and saved money to buy a house but subprime mortgage crisis and housing market crashed in the fall of 2008. I could not pay mortgages, ended up foreclosing my home. For many years defensed foreclose action and spent lots of legal fees. I could not file IRS… read more

Kylie N.

Amount Owed: $26,135

Settled for: $1,985

5/5

I had a mess of unfiled tax returns and unorganized receipts along with a mountain of questions. I called because after years of trying to figure this own on my own and so much stress and headache, and Gene was very reassuring and kind when we spoke about my case… read more

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[1] Precision Tax Relief is a registered trademark of Precision Tax Relief, LLC. All other trademarks, trade names, product names, logos, and brands are property of their respective owners. Use of these trademarks, trade names, product names, logos, and brands does not imply endorsement.

[2] Statistics are based on prior results for clients that filed an IRS Offer in Compromise. These results are not a guarantee of individual results nor are they representative of results from other IRS and state tax resolution programs.

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Let us know how we can reach you.

A licensed tax professional will contact you within one business day

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