Large
balances due
Collection Alternatives
Do you owe more than $10,000 to the IRS or more than $5,000 to a state taxing authority? If so, Sunshine Tax Relief may be able to help.
There are several options, often referred to as “collection alternatives,” for resolving large balances due. Some programs can drastically reduce or even eliminate the balance due if you qualify. These common collection alternatives are referred to as Offers In Compromise and Partial Pay Installment Agreements.
Taxpayers who don’t qualify to have their tax bill reduced will still likely qualify for an installment agreement or state payment plan, where they can pay over time versus in one large lump sum. In some cases, an IRS Streamlined Direct Debit Installment Agreement can be established, thus preventing tax liens altogether or eventually removing existing tax liens.
Once you are in filing compliance with the IRS/state, Sunshine Tax Relief can determine if you qualify for any collection alternatives via our OIC/PPIA Qualifier© service.
Here’s how it works:
- We start by collecting your IRS/state transcripts to determine the full scope of the issue and the total balance due.
- Next, we conduct an in-depth financial analysis via IRS Form 433-A, Form 433-A (OIC), Form 433-B, Form 433-B (OIC), state taxing authority financial analysis documents, or any combination of these forms to determine whether you qualify to pay less than what you owe in tax.
- Finally, we review the results and present you with a comprehensive report and review of recommended steps. If you qualify to pay less than what you owe, the fees you paid to Sunshine Tax Relief for the OIC/PPIA Qualifier© can be applied as a deposit to our fees for an Offer in Compromise, a Partial Pay Installment Agreement, or a state taxing authority collection alternative.
If the results indicate that you do not qualify to pay less than what you owe, the fees you paid to Sunshine Tax Relief for the OIC/PPIA Qualifier© can be applied to our fees for an installment agreement or state payment plan.
To learn more and to see if you qualify, please reach out and ask about our OIC/PPIA Qualifier© process.
Say goodnight to tax problems
Our Featured Services
Discover the full range of services we offer to help you say goodnight to tax problems and keep your finances running smoothly. From expert tax relief to organized bookkeeping, we’re here to support your business every step of the way.
Bookkeeping
Stay organized and informaed with clear, accurate bookkeeping to support your business growth.
Payroll
Reliable, on-time payroll processing so you can focus on leading your team.
Tax Prep/Advice
Struggling with IRS or state tax issues? We negotiate and resolve for peace of mind.
Crypto Tax Reporting
Understand your crypto gains and stay compliant with specialized crypto tax reporting services.
Tax Planning
Strategic tax planning to maximize deductions and keep more of what you earn.
Notary
Professional notary services for your business and personal document needs.
SUNSHINE TAX RELIEF: MORE THAN JUST TAX PREPARERS
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At Sunshine Tax Relief, we’re here to simplify your tax concerns and give you the clarity and confidence you need. Whether you’re dealing with back taxes, need help navigating IRS notices, or just want peace of mind when it comes to your financial future, our team is ready to help. Just fill out the form, and a dedicated tax professional will reach out to walk you through the next steps and answer any questions you have.