Taxation Solutions, Inc.

(859) 795-4422

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Tax Penalties and Settlements

When your tax problems start to spiral out of control, it can be difficult to get things back on track without assistance from a trained professional. A tax penalty can cause your total debt balance to snowball, while vital tax settlements can seem to always be just out of your reach. If you’re tired of living in the shadow of tax fines and penalties and want to know if a tax settlement can be within your grasp, it’s time to get in touch with Taxation Solutions, Inc. We’re pleased to help Lexington-area residents and business entities resolve all sorts of tax troubles, tackling IRS penalties head-on and negotiating the settlements that help people move forward onto a firmer financial footing. Call or e-mail us today to get started, and to get a free cost estimate for our services!

Tax Penalties

Taxation Solutions Inc. - Tax paperworkThe IRS has several options when penalizing delinquency and trying to enforce payment. Depending on the severity of your situation, you might get hit with a tax penalty such as:

  • Late fees
  • Interest charges
  • Wage garnishment
  • Tax liens and levies

While these IRS penalties certainly vary in how much they’ll affect your daily life, it’s always important to deal with tax penalties as promptly as possible in order to avoid further issues down the line. At Taxation Solutions, Inc., we’ll take a good look at your situation and determine whether you may be eligible for any form of IRS penalty abatement, which removes or reduces penalties on your account. We can also work to stop wage garnishment and get liens and levies removed.

Tax Settlements

In addition to IRS penalty abatement, you may be eligible for a tax settlement that reduces or removes your back tax liability or otherwise makes it easier to pay what you owe. The government doesn’t give away these IRS settlements lightly, which is where Taxation Solutions, Inc. comes in. Depending on your extenuating circumstances, we may be able to help you pursue:

  • Offer in compromise
  • Installment agreement
  • Innocent spouse relief
  • Or another taxes settlement

Sometimes, obtaining IRS tax relief is as simple as negotiating an IRS tax payment plan that breaks your total debt balance into manageable monthly chunks. In other cases, you might need tax debt reduction or complete IRS debt forgiveness, because you owe more than you can ever hope to repay. Whatever the case, Taxation Solutions, Inc. is ready to step in and meet your needs.

We’re proud to be licensed and insured to provide IRS tax relief. Our team has more than 40 years of experience in our industry, and we’re affiliated with the American Society of Tax Problem Solvers, the National Association of Tax Professionals, and the National Association of Enrolled Agents. We put customer service first, and we’re able to offer emergency assistance if you’re up against a tight deadline. If you're based in Lexington, get started by calling today! 

  • Tax Fees and Resolutions
  • Tax Penalties
  • IRS Settlement
  • Tax Penalty Help
  • Tax Settlement