Free Consultation: Accelerated Tax Solutions Secures the Lowest Possible Legal Tax Debt and Resolution for Individuals and Businesses

Who We Are

Incorporated since 2004, Accelerated Tax Solutions is a tax resolution firm serving clients in all 50 states. Our caring team of experienced attorneys, licensed tax professionals, tax advocates, tax preparers, and case managers has helped 1000s of individuals, families, and businesses address their state and federal tax liabilities. Our BBB A+ with no complaints in nearly four years and over 4.5 stars across all of our Google locations reflects our dedication to providing the best service to our clients. Financial Services Review selected us as one of their Top Ten Tax Relief and Resolution Service Providers in 2024.

Tax Relief Promises

Although you might hear on television, the radio, or social media that tax companies can reduce your back taxes to “pennies on the dollar”, they aren’t telling you the whole truth. The IRS does not simply cave to great negotiators. They don’t simply accept less when they don’t have to. Why would they since they hold all the cards? They can put a lien on your property so that they get paid first if you sell it. They can levy your back account. And they can even garnish your wages.

Even though the IRS doesn’t simply negotiate for lower tax assessments, our team can ensure that your tax assessment is the lowest allowable by law and that you don’t pay more than you can afford under IRS code.

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By Phone: For questions, comments or concerns please contact us, Monday-Friday 9am to 6pm EST @ (855)936-4585

The Process Really Matters

Our path to tax relief and the appropriate tax resolution starts with a thorough investigation by our legal team. They examine your complete tax history, relevant documents such as IRS letters, and tax returns when appropriate to get a comprehensive view. If necessary, they then secure a stay of collections to pause aggressive IRS actions while we help you get compliant (i.e., filing missing tax returns) or collect the information or evidence you need for us to mount a successful defense or appeal. We have worked with countless clients who followed the advice of a tax preparer or CPA who did not conduct a thorough investigation. In many cases, these taxpayers ended in far worse positions than they would have been had our team conducted the comprehensive tax analysis. Any company that quotes you a fee for full services without conducting a thorough review is either charging you to much or will most likely come back for more fees. How do they know what you need? Our attorneys provide a flat-rate, guaranteed fee as part of their recommendation, and we won’t come back for more no matter how many hours we spend fighting for you!

Is the Fresh Start or Offer in Compromise (OIC) Right for You?

Clients often report that they have heard companies claim they can reduce their back taxes through simple negotiaton under the Fresh Start Program, which is now known as the Offer in Compromise. If our clients do qualify for these types of agreements, Accelerated Tax Solutions is quite experienced handling them. However, we don’t dangle these offers in front of our clients in what amounts to a bait and switch as many firms do. Many companies entice you to apply for an offer in compromise, only to come back for more services after you have been rejected. The IRS warns, “unscrupulous companies [engage in] scams commonly called OIC ‘mills’, which cast a wide net for taxpayers, charge them pricey fees, and churn out applications for a program they are unlikely to qualify for. In 2019, there were 54,000 OICs submitted to the IRS. The agency accepted 18,000 of them.”

Our experienced staff of tax professionals will gladly discuss all the options you qualify for. If an OIC is right for you, our team will get it done, but we certainly won’t charge you for an OIC application when we know you won’t qualify or when we know such a program is against your best interest. Yes, in many cases, the OIC is not even a good idea when you qualify for it. That is why you need professional guidance to provide all your options and help you determine which is best for you. 

Be Wary of Retainers and Monthy Fees

Some companies ask for monthly payments for them to monitor your case and take action when necessary. These are unnecesary expenses that even the FTC warns against. What exactly are they doing for the monthly charge? If they are waiting for IRS, then you are simply paying the company to wait. And you don’t need to have a company on retainer. The IRS warns you before they take action, and our legal team can secure a stay of collections in order to complete necessary work to address the IRS claims. There is no need to pay a company to be prepared to do work. They should be able to tell you exactly what steps they are taking to address your concerns and how much those services will cost.

Our Promise  to You

Legitimate Ways to Reduce Your Back Taxes

Although the IRS doesn’t simply agree to accept less than you owe, our legal team is aware of all of the legal routes to lowering the amount you pay.

  1. Is the assessment correct in the first place? Did the IRS make calculation errors or receive inaccurate reports that can be corrected? Did the IRS file a subsitute for return (SFR) that can be challenged? Did they IRS deny credits or deductions that you are actually entitled to?   We will find out!
  2. How much can you afford by law? We know exactly what the law allows you to count as expenses, so that we can conduct a thorough financial analysis and demonstrate your maximum ability to pay to the IRS. The IRS has to allow you to operate your business, and they have to allow you to support your family first. We will get you the expenses you deserve!
  3. How much time do you have to pay your back taxes ? Not only will our team argue in favor of the timeframe that fits your needs, our attorneys will know exactly how long you have to pay what you owe according to the legal statute of limitations, and if you can’t pay it back within the allotted time at the permissible level, then that is all they get. We know when time is of the essence!
  4. Can we recover any penalties and interest? Our attorneys know how to reduce what you owe by reducing the amount of penalties and interest, either by reducing the assessment or by challenging such fees through penalty abatement. We know when you deserve a break from excessive penalties and interest!  
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Do you have a business income or payroll tax issue?  We can help!

Incorporated since 2004, Accelerated Tax Solutions is a tax resolution firm serving clients in all 50 states. Our caring team of experienced attorneys, licensed tax professionals, tax advocates, tax preparers, and case managers has helped 1000s of individuals, families, and businesses address their state and federal tax liabilities. Accelerated Tax Solutions addresses a full range of business tax matters, from side businesses that help keep the family afloat to full-scale businesses with numerous employees. Each type of business comes with its own set of opportunities and responsibilities. Whether you are running a side business as a sole proprietorship, a small business with contracted workers, or a larger business with payroll obligations, Accelerated Tax Solutions will help maximize your allowable expenses and minimize your taxes so you can grow your business.

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By Phone: For questions, comments or concerns please contact us, Monday-Friday 9am to 6pm EST @ (855)936-4585

Make sure your business doesn’t look like an expensive hobby!

If you are starting a business or running a sole proprietorship ,it is important to determine whether you have a hobby that makes some income as part of an activity you engage in for pleasure or recreation or a business that operates to make a profit because the IRS will treat these cases differently. In either case, you must report any taxable income to the IRS on your federal tax return, and if you receive payments through an online service or payment app, you will probably receive an IRS Form 1099-K for those transactions.

Questions that the IRS uses to Determine that Nature of your Activity

  • Does the activity make a profit some years?
  • Do you depend on income from the activity for your livelihood?
  • Are you taking steps to improve your profitability?
  • Do you engage in the activity in a businesslike manner, keeping complete and accurate records?
  • Do any losses reflect startup costs associated with establishing a business or are they the result of circumstances outside of your control?
  • Does the amount of time and effort you put in the the activity reflect your drive to make a profit?
  • Do the taxpayer and associates in the activity have knowledge and skills required to turn the activity into a business?
  • Can you expect to make a profit in the future from the appreciation of the assets used to engage in the activity?

     

    Bottom Line: Businesses Have Revenue

    While hobbies can turn into businesses over time, you can’t deduct expenses related to recreational activities, even if they are expensive. If the IRS determines that you have a hobby and not a business, they will not accept your write-offs and expenses. Generally, if you aren’t declaring revenue within about three years, your enterprise will most likely be considered a hobby. Businesses are run to make a profit, not merely to serve as write-offs for other income.
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      We Can Help if Your Business is Audited

      Many of our clients at Accelerated Tax Solutions reach out to us when they have issues with their Schedule C business years down the road when the IRS disallows their claimed expenses. Usually, these individuals have claimed expenses related to their business-like activity without ever claiming revenue. If they did have revenue, the expenses eclipsed any funds that they received. Although these imbalances can occur during a business startup period or a time of hardship, be sure to keep documentation of all of your expenses. Bank statements won’t be enough. The IRS will want to see the receipts as evidence of these transactions. Armed with an expertise and documentation, our legal team regularly engages the IRS to make a case for the highest amount of expenses and deductions allowable by law in order to reduce the assessed tax liability. We also advise these clients how to move forward so that they will not land back in the audit department or have their business declared a hobby.

    We can also help with more complex and estabished business tax matters.

    Although many of our clients are sub-contractors or have sole proprietorships, we also represent numerous Limited Liability Companies. These incorporated businesses not only offer personal legal protections, but they also offer tax-saving opportunties such as opportunities to minimize self-employment taxes. These opportunities also present challenges and responsibilities. Each must file income tax or information returns based on how the business entity is established. All income taxes are pay-as-you-go taxes, so business owners generally need to pay some sort of estimated taxes on a quarterly basis.

    Trust Fund Recovery Responsibilities and Penalties

    More importantly, when a business has w2 employees they become responsible for employment taxes such as Social Security & Medicare taxes and Federal income tax withholdings. Businesses hold these latter taxes in trust until the company makes the federal tax deposit on behalf of its employees. Failure to pay these taxes on time can result in Trust Fund Recovery Penalties (TFRP), not only for the business but for any person who is responsible for collecting or paying these taxes or who willfully fails to pay these taxes. Regardless of the type of business you own, Accelerated Tax Solutions can help when you face an audit, fall behind in your income taxes, or fail to meet your trust fund responsibilities.
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    By Phone: For questions, comments or concerns please contact us, Monday-Friday 9am to 6pm EST @ (855)936-4585