Tax Debt Solutions

Tax Resolution Services

If you owe back taxes, there is no better time than now to settle the debt. The longer you wait to resolve your IRS debt, the more you put yourself at risk.  At Rocky Mountain Tax Solutions, we analyze your total amount owed and what the IRS considers your Reasonable Collection Potential (RCP) to determine the best solution available for you.

Tax Relief Services

Offer In Compromise

The Offer in Compromise is a great program that allows taxpayers, who could otherwise never repay their taxes in full, to settle their tax debt for less than the total amount owed. Our tax professionals can determine if you qualify for this program and submit your offer for the lowest amount possible.

Currently Not Collectible Status

Currently Not Collectible puts your IRS account on a temporary collection hold. Although the tax debt does not go away and penalties and interest continue to accrue, it can be very helpful to taxpayers who are facing short-term financial difficulties or when tax expiration dates are nearing. Let us determine, if currently not collectible status is right for your situation.

Innocent Spouse Relief

When married taxpayers decide to file jointly, they are both liable for any tax debt incurred. A taxpayer may qualify for relief of a joint liable if certain conditions are met. We can determine if you meet this conditions during a free consultation.

Collection Statute Expiration Dates

Has your tax debt be lingering for years? Does it seem like it will never go away? Many people don’t know that tax debts do expire. But knowing when they expire is the tricky part. Generally, the IRS has ten years after the tax is assessed to collect the balance. The statutes can be tolled by various actions, such as, audits, bankruptcy, and submitting offers in compromise. Our transcript analysis can determine your collection statute expiration dates.

Installment Agreement

An installment agreement allows taxpayers to pay the tax debt with monthly payments. This is the most common and available solution for taxpayers. Our tax professionals can negotiate the best payment plan for your budget.

Delinquent Payroll Taxes

Owing payroll taxes is probably one of the most stressful of tax problems. The IRS does not take past due payroll tax liabilities lightly. The IRS will assign revenue officers, shut down your business and/or assess the tax to you personally. Our tax professionals will help you resolve this tax issue before it gets worse.

Penalty Abatement

Penalties assessed by the IRS can increase your tax debt by thousands of dollars. We will review your transcripts and history to determine if penalty abatement is available to you.

Wage Levy/ Garnishment Release

An IRS levy can be devastating to many taxpayers. If the IRS can take a large percentage of your income, leaving you with very little money to live on.  If you are about to have your wages levied or if they are already being levied, contact our office immediately. We can get levies released the same day you meet with us.

Tax Lien

Once a tax debt goes unpaid for a certain amount of time, the IRS will file liens on your property  and credit to secure their interests. These liens can create hardship by preventing you from buying or selling a home or  getting personal or business loans. Contact our office to find out how we can remove your tax liens.

Other Services

When you owe back taxes, the IRS will utilize their ability to seize and levy and lien your property to collect the debt. If you are facing any of these issues, contact us for a free consultation as soon as possible.