"As a bookkeeper for a number of businesses, I knew I should not handle my client's IRS tax problems. Core stepped in and took care of everything."

—Susan S., Bookkeeper

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The information provided on this website is for general guidance and information. It is not intended to constitute legal, accounting, tax or other professional advice or services.

Frequently Asked Questions

Why shouldn’t I handle this on my own with my local accountant or attorney?

Consider our experience, knowledge and understanding of how the IRS works. Accountants & CPAs handle cases of back tax liability very infrequently. This is all we do, we have become experts in the policies & procedures of the IRS and can better anticipate how the IRS will proceed and how they will view the information you provide to them.

Several Companies (tax firms) have called me. Why should I hire Core Consulting?

The Core Consulting Group is an Attorney owned company designed specifically to provide helpful client based resolutions. But don’t take our word for it . . . go to the local Better Business Bureau site and search the company you wish to hire. You can click on our BBB link to see our rating and any other company website should allow you to do the same.  Remember do not just look at the rating, scroll down to see if any complaints have been filed. The Core Consulting Group does not have any complaints!

Can you lower my tax liability?

The answer depends on the facts of your case. Call Core Consulting today to find out if this is possible. If it’s not possible, we can help you set up an affordable repayment plan that will allow you to move forward without fear of IRS contact.

Can you release a wage garnishment?

YES. Once a repayment plan or other resolution is in the works the IRS will release the wage garnishment.

What is the difference between a lien and a levy?

A LEVY is when the IRS or the State takes money directly from your bank account or Account Receivables. A LIEN is when paperwork is filed at the courthouse to notify the public that you owe someone money.

Can I go to jail for owing taxes?

NO, but you can lose your house, your business or other assets if you ignore the problem. The IRS only seizes assets when they are left with no other alternative. Let the experts at Core Consulting create a better alternative for you and your business.

If I have not filed a tax return for years, is it better to start filling now or wait until the IRS asks for the returns?

Starting filing immediately. Neither the IRS nor the State can help you if you do not have all your returns filed. Please note: the largest penalty the IRS has is the Late Filing Penalty.

What can I do if I can’t pay the IRS what I owe?

You have many options, but they all depend on your specific circumstances. You can set up a monthly repayment plan, you can work toward an Offer in Compromise, or in some situations you may qualify for Currently-Non-Collectible Status. There is always a resolution option, you just need to work with someone who understands your situation and will help you decide on the best option for you.

How long does the IRS have to collect back taxes from me?

10 years from the date the tax was assessed. This means from the date the return was filed not from when the return was actually due. The 10 year collection statute will be put on hold during the filing of an Offer in Compromise and in some other situations. The collection statute is something that The Core Consulting Group will take into consideration when assessing the best resolution strategy for your company.

What is a “Final Notice of Intent to Levy”?

This notice means you better take action fast or the IRS is going to start enforced collection. See Notices. Enforced collection means that the IRS will start taking money out of your bank account and may start sending levies to your Accounts Receivable and Credit Card Processor. Do not wait; you only have 30 days to act after getting this notice. Call The Core Consulting Group today if you received this notice. 

Who qualifies for a “pennies-on-the-dollar” settlement?

Not very many people. An Offer in Compromise is a great way to reduce your debt and settle with the IRS IF your situation fits the parameters of the program. Requesting an Offer in Compromise is not an easy task; it can be a lengthy and difficult process. 

“Pennies on the Dollar”: beware of something that sounds too good to be true. This statement is a marketing gimmick. Do not let someone tell you that you qualify for huge savings before they fully understand your financial condition. If you owe the IRS $100,000 and end up paying back $95,000 you have paid 95 “pennies on the dollar”.

How does a tax lien get released?

Don’t let anyone tell you differently; a tax lien will not be released until all of the tax listed on the lien is paid in full. If you owe on more than one period, there may be more than one tax lien filed. Each period listed on a lien must be fully paid before the lien is released. Once the liability with all penalties and interest are fully paid, the liens will self release. In order to get the lien information removed from your Credit Report you will need to contact each credit reporting agency separately.

 

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