Resolving Back Taxes and Collection Actions
Owing back taxes can affect much more than your relationship with the IRS. As an unresolved balance grows, collection notices can become more serious and concerns about bank accounts, wages, property, and business finances can begin to take over.
Prendamano Tax Resolution & State Tax Advisory helps individuals and businesses address federal and state tax debt with a clear, strategic approach. Based in Melville, we represent taxpayers throughout Long Island, including Huntington, Hicksville, Garden City, Mineola, Nassau County, Suffolk County, Queens, Brooklyn, and New York City.
The first step is determining exactly where you stand. That means reviewing the tax periods involved, confirming that required returns have been filed, understanding how much is actually owed, and determining whether the IRS or state taxing authority has already begun collection activity.
From there, the focus turns to resolution.
Depending on your circumstances, the IRS may provide options that include installment agreements, Offers in Compromise, or temporary Currently Not Collectible treatment when financial hardship prevents payment. An Offer in Compromise can resolve qualifying tax debt for less than the full balance, but approval depends on factors such as ability to pay, income, expenses, assets, and overall financial circumstances.
Collection problems should also be addressed before they escalate whenever possible. A federal tax lien creates a legal claim against property, while a levy allows the IRS to actually take property or funds to satisfy a tax debt.
Receiving one of these notices does not mean you should panic. It does mean that the matter deserves attention.
At Prendamano Tax Resolution, we look beyond the latest letter and evaluate the entire tax situation. The goal is to identify a realistic strategy that addresses the underlying liability while protecting your financial interests as much as the law allows.
If back taxes have become a continuing source of stress, now is the time to understand your options.
Contact Prendamano Tax Resolution & State Tax Advisory in Melville to discuss your IRS or New York State tax debt and begin working toward a resolution.
Ready to take control of your tax situation?
Call 631-886-5630 to schedule your free consultation with Prendamano Tax Resolution & State Tax Advisory and start working toward real financial resolution today.