The latest launch from Long Island Tax Solutions provides expertise in the resolution of historical tax bills. The company brings over 25 years of experience in the industry and is proud to offer services that are affordable for working people.
More details can be found at https://longislandtaxsolutions.com/service/back-taxes
The announcement details a range of benefits for clients who have been avoiding, or unable to settle, large amounts of tax debt. Long Island Tax Solutions performs a thorough investigation for all cases, ascertaining what information the IRS has on file for each customer before implementing a plan to resolve any outstanding monies.
According to Bankrate, failure to file tax returns can be a costly mistake. Penalty charges are levied at 5% of unpaid taxes each month – up to a maximum of 25% of the total owed. In cases where debt accumulates to over $55,000, the government can impose further sanctions such as withholding the issue of a passport or referring a case to private debt collection companies who may seize assets in an effort to recover outstanding sums.
Long Island Tax Solutions is able to put together a manageable plan that accounts for customers’ circumstances, allowing them to pay back what is owed in taxes without a cripplingly high monthly payment or a high fee to the company. The team of experienced certified tax resolution specialists also assumes responsibility for all correspondence and communications with the IRS.
In many cases, when back taxes are eventually filed, clients may actually be eligible for a partial refund. Other benefits of prompt filing and payment of tax returns include the long-term protection of social security benefits and retirement income as well as increasing the chances of approval with creditors for securing mortgages and other loans.
About Long Island Tax Solutions
Long Island Tax Solutions takes the pain out of the tax return process, tracking down missing W-2 and 1099 forms along with bank statements and other data to bring matters to a swift and affordable resolution. Learn more at https://longislandtaxsolutions.com
Thomas La Marco CPA and President Stated, “We’ll make sure you understand your rights and explore all the tax relief options available to identify the best course of action for your needs and circumstances.”
For more information, and to book a consultation, call (631) 557-2181 or visit https://longislandtaxsolutions.com/contact-us
Name: Thomas La Marco CPA
Email: Send Email
Organization: Long Island Tax Solutions
Address: 1352 Stony Brook Road, Stony Brook, NY 11790, United States
Release ID: 89075625
If you detect any issues, problems, or errors in this press release content, kindly contact email@example.com to notify us. We will respond and rectify the situation in the next 8 hours.