Wednesday, March 13, 2013

Tax Resolution Services Offered Include Reinstatement of Defaulted Agreements

As a premier company offering tax resolution services we have had to revisit installment agreements for various different reasons. A few reasons have been for lack of payment, accrual of additional taxes, failure to remit timely payments, penalty and interest accruals, and so forth. Most importantly the installment agreement can usually be reinstated rather quickly by Highland Tax Group, Inc., Your Denver Tax Resolution Services Company. The appropriate and following steps must be taken:

- Contact Highland Tax Group, Inc. right away and fax any and all notices to our attention
- Fax or email a copy of the notices to HTG (if they have not received copies already) and have HTG dictate the next steps that should be taken
- Once the next steps are determined, make sure all IRS default notices are calendared and appeal rights are adhered to, if a deadline is missed there is nothing we can do as a tax resolution services company to reinstate it immediately, but we can work with you to determine the next steps to getting a new payment plan in place (a much longer process, do not wait!)
- A financial statement form may need to be revisited with your tax resolution services company, filled out and turned in, but many times a call will resolve the situation

Usually the IRS will reinstate the agreement, charge a user fee, and you will need to start making payments immediately. It is important to remember that once an installment agreement is reached, pay close attention to the terms of the agreement. As a tax resolution services company we are obligated to give you any and all details regarding the reinstatement of the installment agreement.

The following must be maintained throughout the duration of the agreement; staying current and compliant, filing current and future returns timely, paying current and future taxes timely, paying installment payments on time and in full by the due date, taking notice of any addition or increase to the agreement, there may be  a 1 or 2 year financial review once the agreement is set up, and paying any and all notices if additional tax, penalty, or interest amount is accrued and informing the IRS as such. Keeping your tax resolution service company informed of the agreement, terms, and any hiccups is imperative to avoiding a default, as well as helping get your agreement in good standing if it does default.

Feel free to contact us at 720-398-6088 or check out our website at