Tax Resolution

Tax Resolution refers to the process of addressing and resolving tax-related issues between taxpayers and tax authorities, typically the IRS or state tax agencies. This can include negotiating payment plans, settling tax debts for less than owed, or disputing tax assessments.

Tax resolution often involves strategies such as offers in compromise, installment agreements, and appeals for audit reconsideration. For example, if a taxpayer owes back taxes and cannot pay the full amount, they may submit an offer in compromise to negotiate a lower payment amount that the tax authority would accept as full settlement of the debt.