IRS Resolution FAQs

Not sure how tax resolution works? Look through our FAQs, and if you still have questions, feel free to reach out!

IRS resolution services, such as those offered here at Five Stone Tax Advisers, help taxpayers resolve outstanding tax issues with the Internal Revenue Service as well as state tax authorities. Resolution can come in many forms including affordable payment plans, lowering tax penalties, making offers to resolve outstanding tax debt, and filing amended tax returns if necessary.

Our tax resolution specialists work to achieve the best possible outcome for you while minimizing the stress that often accompanies tax debt.  We speak with state and federal tax agencies on your behalf so that you won’t need to.  Your problem becomes our problem, and we work diligently to solve it.   

Our fees are based on the workload necessary to get you the best possible outcome for your tax resolution case. At the end of your consultation, you will know the flat fee associated with your case and the various payment options available to fulfill your fee.

There are many options for resolving your tax debt with the IRS. Some of the most popular include:

  1. Offer in Compromise / Fresh Start Program
  2. Lien Removal
  3. Levy Release
  4. Installment Agreement
  5. Penalty Abatement
  6. Currently Non Collectible Status

The process of resolving a tax issue with the IRS takes, on average, 6-12 months from the time you turn in all necessary tax documentation. The exact timeline is dependent upon the amount of tax liability you are working to resolve, the IRS program that you’re applying for, potential appeals hearings, etc. Once you are a Five Stone client, your Case Administrator will be able to provide a narrower timeline for resolving your IRS debt.

We treat each client and case as an individual and customize our work to their needs. This means that no case has the same time frame, as it truly depends on each individual’s tax scenario.

The process to qualify for a tax debt settlement is dependent on your personal financial situation. To find out if you qualify, schedule a complimentary consultation with one of our tax consultants, and be prepared to answer questions regarding your monthly income and expenses, additional assets to your name, and your total tax liability.

The Fresh Start program, also known as the Offer in Compromise, allows a taxpayer to settle their tax debt for a portion of the full amount owed when proven that the taxpayer is experiencing a financial hardship. If accepted, the Offer eliminates all outstanding balances with the IRS and releases any potential liens placed against the taxpayer.

While both are collection tools used by the IRS, a tax lien and a tax levy are not interchangeable terms. A lien is a claim to a taxpayer’s property due to a tax debt, while a levy is the actual action of seizing a taxpayer’s property.

Without protection in place, the IRS is legally allowed to seize your property or wages due to an unpaid tax liability.

As soon as you become a client of Five Stone, we immediately take over as your legal representation and provide immediate protection from IRS collection activities, including working to release any potential liens or levies placed against you.

When trying to qualify for an Offer in Compromise, the IRS considers your tax liability in respect to your monthly income and expenses. Qualification for the OIC program is never based on tax liability or monthly income alone. Our team of tax experts will ask you the necessary questions to consider all financial factors and increase your likelihood of being eligible for the Offer in Compromise program.

Yes. Five Stone represents business owners to resolve past and current payroll tax issues while laying a framework to help you keep your business open and compliant in the future.

Depending on the date that the levy took place, it is possible and likely that our team of tax professionals can have your levy released, as well as prevent you from future collection activities.

Absolutely! Once you become a client of Five Stone, your assigned Case Manager will begin working immediately with the Revenue Officer who has been assigned to your case.

Our staff at Five Stone is made up of Tax Attorneys, EAs (Enrolled Agents), CPAs (Certified Public Accountants), and other tax professionals who know the ins and outs of the tax industry and tax code.

All of our Tax Attorneys, EAs, and CPAs are full-time Five Stone employees who are readily available by email, phone, or face to face meeting to answer any questions or concerns regarding your case.

Your consultation will take approximately 15-20 minutes, and can be done via phone call or face to face meeting in our North Austin office.

You do not need to have formal documents on hand for your consultation. However, you should be prepared to answer questions regarding your monthly income and expenses, any additional assets in your name, and as much detail about your current tax liability as possible.

Once you sign a limited Power of Attorney form, Five Stone can immediately protect you from the IRS and will begin acting as your legal representation.

Yes. Five Stone is a full-service tax firm with an in-house CPA firm. Our tax resolution department works with our CPAs and tax preparers to make sure that we prepare and file all necessary tax returns prior to submitting your resolution case with the IRS.

With a 90% success rate and a staff compiled of attorneys, EAs, and CPAs, Five Stone is the most successful tax resolution firm in the country. Aside from achieving the best possible outcomes for our clients, we also donate 33% of profits to global charities and serve hundreds of hours each year to local non-profits.

Why Five Stone?

  • The highest success rate in the industry
  • We immediately stop aggressive collection activities
  • Client Savings of $130+ million 
  • Most clients settle with the IRS for less than $1,500
  • Aggressive taxpayer advocates
  • 33% of profits donated to charities and non-profit organizations
Schedule a Consultation

Contact our tax resolution team today for a free consultation.

800-928-1930