Have you been assessed with tax debt that you don’t owe? Believe it or not, it happens more often than you think. Perhaps a business issued a 1099 incorrectly, you had an IRS audit or maybe you had an IRS appeal that was never heard.
Whatever the situation may be, if you have been wrongly assessed, don’t fear! There are options available to challenge the IRS and reopen these types of bad assessments.
We can consider the following options:
- Audit Reconsideration
- Doubt-as-to-Liability Offer
- Collection Due Process hearing
- Refund Litigation
- Bankruptcy
The option selected to resolve the clients' tax matter depends entirely on the their situation. Is the client seeking a refund, looking to close out the matter or are additional creditors are involved.
To discuss a bad assessment of tax debt you don’t owe or any other tax issue, please contact me directly via email at Tax@klsm-cpa.com.
2700 Post Oak Blvd 21st Floor
Houston, TX 77056
KLSM CPA Firm PLLC empowers individuals and small businesses by providing accounting and tax solutions for financial success. We assist our clients with tax resolution matters such as Texas sales tax, payroll and income tax issues in Houston, TX, San Antonio TX, and elsewhere.
Comments(13)