Tax Resolution FAQs

If you have questions, it’s our job to answer them. Below you will find some of the top questions that we are frequently asked. Feel free to contact us with any additional inquiries as we are always standing by, ready to assist you. A convenient method to contact us is to complete the “Schedule a Consultation” form on my website.

What is tax resolution? Why haven’t I heard of it before?

Tax resolution is a program initiated by the IRS years ago when congress created The IRS Restructuring and Reform Act of 1998, which helps you settle your tax obligations based on your ability to pay the tax. Many people are unaware about this program because the IRS does not promote this program since it gives favor to the debtors.

Learn about the tax resolution services that Chamberlain Tax Solutions offers

How Do Tax Resolution Companies Work?

Tax Resolution companies like Chamberlain Tax Solutions located in Amarillo, TX, are your first line of defense against the IRS and state tax authorities. We represent you when contacting any of these agencies is necessary and will negotiate in good faith to lawfully determine a tax resolution that is in your best interest.

Do you handle individual taxes or business taxes? Both

I never heard of an Enrolled Agent. What is an Enrolled Agent (EA)?  

An Enrolled Agent is an individual who has demonstrated technical competence in the field of taxation. The term “Enrolled”, means the individual, is licensed by the federal government. The term “Agent”, means the individual, is authorized to appear in place of the taxpayer at the Internal Revenue Service. Only Enrolled Agents (EAs), attorneys, and Certified Public Accountants (CPAs) may represent taxpayers before the IRS at all administrative levels.  EA’s and CPA’s must pass a Tax Court examination to practice before the Tax Court. Attorneys are admitted to the Bar of the Tax Court without having to take the examination.

In addition to the stringent testing and application process, the IRS requires Enrolled Agents to complete 72 hours of continuing professional education, reported every three years, to maintain their Enrolled Agent status.  Because of the knowledge necessary to become an Enrolled Agent and the requirements to maintain the license, there are only about 46,000 practicing Enrolled Agents.  Enrolled Agents are tested on the tax laws to achieve the Enrolled Agents status. CPA ‘s and attorneys are not tested on the tax laws.

Is it possible that I can file for settlement myself?

It depends.   If you have the ability to immediately pay the tax liability in full, the liability is accurate, and you don’t have any extenuating circumstances which caused you to fall behind, it might make sense just to pay the debt off.  If you are unable to pay the debt off quickly, you feel like you had extenuating circumstances or you believe the liability to be inaccurate, you should seek advice from a professional who is experienced in resolving back taxes.   In many cases, an experienced tax pro can reduce the amount taxpayers will have to repay and/or help them avoid nasty consequences such as wage levies, bank levies, and the seizure of assets. In addition, a professional knows how the government programs work and what the IRS can lawfully do and not do.

You can schedule a one-hour consultation here to discuss your situation and the best option(s) for your unique tax situation. This consultation is also to determine if I can help you, if you can do this yourself, or hire a specific professional. For example, you may need a bankruptcy attorney. Lets find out.

Chamberlain Tax Solutions will do more than tell you how to get a tax settlement; once we understand your financial background, then we be able to outline resolution options and associated fees, and then do the work on your behalf, if you choose to hire us to help you with your tax issues. Chamberlain Tax Solutions is here to help you sleep at night.

What are unfiled tax returns?

An unfiled tax return is a tax return that has not been filed for the tax year in question. If multiple tax years have passed and you didn’t file taxes for those years, you likely have multiple unfiled tax returns.

Can you go to jail for not filing tax returns?

Yes. If you are convicted of evading the assessment of taxes (which can include intentionally not filing your tax return), you can face 5 years in prison.

Can the IRS seize my business and/or personal assets?

Yes. If you do not address your unpaid taxes, the IRS will classify this as evading tax and will eventually take steps to seize your property and/or wages to satisfy the debt.

How long does it take to resolve the whole case from start to finish?

The time taken for the tax settlement varies for every case, approximately the time ranges from 1 month to over a year. We consider it our responsibility get your case solved as quickly as possible. Lately, the IRS is very challenged these days. This means there can be additional delays.

Will I be able to save some substantial amount from this settlement?

The amount of money you can save varies for every case. There are many factors which play a part in achieving the settlement. This includes factors such as your age, your total assets, your expenses, number of people in your household and your monthly income.  In other words, it depends on which program you qualify for.

How much do tax resolution companies charge? What do you charge?

Our tax resolution fees vary; it is based on the specific case you are facing. Since we have a lot of clients for whom we are working so we do not take the share of our client’s savings from them.  Schedule an initial one-hour consultation by calling the office number or email me or by filling the form on our contact page.

Where can I contact if I have more tax resolution questions?

Chamberlain Tax Solutions can initially be reached by calling the office number or email me to schedule an initial one-hour consultation. Another way to get a hold of us is by filling the form on our contact page. No matter how you reach out to us, we will try to resolve your questions and concerns as quickly as possible.