What is the IRS resolution process?
The process of resolving a tax issue with the IRS takes, on average, 6-12 months from the time you turn in all necessary tax documentation. The exact timeline is dependent upon the amount of tax liability you are working to resolve, the IRS program that you’re applying for, potential appeals hearings, etc. Once you are a Cito Tax client, your Case Administrator will be able to provide a narrower timeline for resolving your IRS debt.
How do I know if I qualify for a settlement?
The process to qualify for a tax debt settlement is dependent on your personal financial situation. To find out if you qualify, schedule a complimentary consultation with one of our tax consultants, and be prepared to answer questions regarding your monthly income and expenses, additional assets to your name, and your total tax liability.
What is the Fresh Start program?
The Fresh Start program, also known as the Offer in Compromise, allows a taxpayer to settle their tax debt for a portion of the full amount owed when proven that the taxpayer is experiencing financial hardship. If accepted, the Offer eliminates all outstanding balances with the IRS and releases any potential liens placed against the taxpayer.
Can the IRS take my assets?
Without protection in place, the IRS is legally allowed to seize your property or wages due to unpaid tax liability.
Can you help me with my business payroll tax issues?
Yes. Cito Tax represents business owners to resolve past and current payroll tax issues while laying a framework to help you keep your business open and compliant in the future.
What do I need to have prepared for my free consultation?
You do not need to have formal documents on hand for your consultation.
However, you should be prepared to answer questions regarding your monthly income and expenses, any additional assets in your name, and as much detail about your current tax liability as possible.
What other services does CitoTax offer?
Our sole focus is tax resolution however we do offer tax preparation services for current and
formal clients.