Best Certified Public Accountants in Vancouver, WA

The first step we take is filing the Power of Attorney form and contacting the IRS immediately. Upon speaking with the IRS, we confirm what you owe, if there are any missing returns, the status of your case, and confirm a collection hold. We keep the IRS off your back while we are working to resolve your case.

Generally speaking, we attempt to secure a 30-day collection hold with the IRS. Meaning the IRS will not take any aggressive actions during the 30-day term. Within the 30-day term, we will need to be sure you are taking corrective action to become current and compliant, file all missing returns, and work toward developing a financial strategy to resolve the balance dues. However, we do have tools that will allow us to extend this timeline and if our efforts are going in the right direction, the IRS will usually allow us additional time

The IRS has an online prequalification tool that you can fill out prior to sending in an Offer in Compromise. However, you will likely need to make adjustments before you submit your information in order to ensure that you receive an accurate preliminary proposal. The professionals at Shields Tax & CPA can assist you with checking your eligibility.

Yes/No. Recently, the credit bureaus stopped harvesting data concerning IRS tax liens and reflecting the same lien on a credit report. However, if your tax lien was filed more than 1 year ago, the lien may still show up on your credit report.

The offer process is not an easy process to navigate. To arrive at the offer amount, we take a look at assets, equity in assets, and discretionary income to arrive at your offer figure. You must be current and compliant with all tax deposits, all tax forms, and filings, and also be ready to provide a substantial amount of financial information. We will assist you in providing, walk you through the processes, and even offer financial consulting to get you into a better offer position.