OFFER-IN COMPROMISE (OIC)
If eligible, TRT can settle your entire tax liability at a fraction. This resolution can save you thousands of dollars. It may be the best option if you can't pay your tax liability in full which will alleviate a huge financial burden.
FEDERAL and/or STATE INSTALLMENT AGREEMENT (IA)
TRT can establish an affordable monthly payment plan based on your financial ability to pay off your IRS and/ or State tax balance over time.
FIRST TIME PENALTY ABATEMENT (FTPA)
If eligible, TRT can abate the penalties assessed on the 1st tax year owed without substantial documentation. If approved, you will be relieved from the penalties that have been assessed on that year for failing to file a tax return, pay taxes on time, and/or to deposit taxes when due.
CURRENTLY-NOT-COLLECTIBLE (CNC)
If eligible, TRT can submit your financials to the IRS to confirm your inability to pay back your tax debt at the current time. This resolution is a temporary delay in paying back your tax debt to allow your financial status to improve.
PROTECTION
TRT ensures full protection against any collection enforcements such as bank levies and wage garnishments issued by the IRS and/ or State tax agencies once TRT is officially retained for service.
