Tax debt may be a major financial hardship for both individuals and businesses. As a result, there may be a great deal of stress and anxiety, and it may be easy to feel helpless and overwhelmed. With that, Lothamer Tax Resolution will assist. Lothamer Tax Resolution is a tax relief business that offers a range of services to help clients manage their tax obligations.
In this article, we’ll provide a comprehensive study of Lothamer Tax Resolution, which will include an overview of the firm’s services, a discussion of the advantages and disadvantages of working with them, a look at their offers, responses to frequently asked questions, and a conclusion.
A list of Lothamer Tax Resolution’s services
Lothamer Tax Resolution offers a number of tax debt reduction services, such as:
- Customers can lower their tax liability by negotiating a settlement with the IRS, known as an “offer in compromise.”
- Installment Agreement: By this service, clients are able to pay off their tax debt in manageable monthly installments.
- Penalty Abatement: With the help of this service, consumers may reduce or even get rid of penalties that have been added to their tax bill.
- Currently Not Collectible: This service is available for clients who cannot pay their tax bill due to financial difficulties and can delay IRS collection efforts.
- Experienced and knowledgeable staff: Lothamer has a team of seasoned tax experts that are knowledgeable about tax law and the IRS collection process.
- Customized choices: Lothamer provides customized tax debt reduction options to meet the unique needs of each client.
- Clients who wish to talk about their options and learn more about their tax debt issues are given free first consultations.
- Money-back guarantee: By providing a money-back guarantee on their services, Lothamer gives consumers piece of mind.
- Lothamer could not be easily accessible to all potential clients given that it only operates in a few states.
- Price increases: Lothamer costs could be more expensive than those of some of their competitors, which might turn away certain clients.
How may Lothamer Tax Resolution help with tax debt reduction?
In order to manage their tax obligations, both individuals and businesses can get help from a company named Lothamer. They offer a range of services, including as collaborating with the IRS to reduce or eliminate tax debt, establishing payment schedules, and giving advice on how to avoid future tax issues.
Clients who work with Lothamer may expect tailored treatment from seasoned tax professionals who are knowledgeable about the subtleties of tax law and the IRS collection process. They will work closely with clients to understand their unique tax situation and offer a customized plan to help them get their finances back on track. A range of tax issues can be resolved by the company’s staff of tax lawyers, CPAs, and registered agents, including IRS audit representation, bank levy release, wage garnishment release, bankruptcy, and unfiled returns.
Customers who struggle with substantial tax bills, fines, or interest expenses may find that Lothamer Tax’s services are quite helpful. By negotiating with the IRS on their behalf, Lothamer can help customers secure a more manageable payment plan or perhaps a reduction in the overall amount of tax obligation owed.
What tax debt reduction options does Lothamer Tax Resolution offer?
Lothamer provides a range of tax debt relief alternatives to assist individuals and corporations with their tax issues. Some of the main services they offer are as follows:
- Putting in an offer in compromise (OIC), which is an agreement between the taxpayer and the IRS to settle tax debt for less than the full amount owed, is something Lothamer can help clients with. This might be a good option for clients who are unable to pay their entire tax obligation.
- Installment Agreements: Lothamer Tax Resolution can help clients work with the IRS to negotiate an installment agreement that will allow them to pay back their tax debt in a series of regular monthly payments.
- Penalty Abatement: Lothamer may assist clients with filing petitions for penalty abatement with the IRS, which can reduce or eliminate penalties for late payments or failure to file.
- For the time being, Lothamer Tax Resolution can help clients get CNC status, which denotes that the IRS has temporarily stopped trying to collect the debt since the person is unable to pay.
- Customers may receive assistance from Lothamer Tax Resolution during IRS audits, which includes helping them through the process and ensuring they are handled properly.
- Clients of Lothamer may assist them file for innocent spouse relief, which exempts them from joint tax obligations brought on by an ex-actions. spouse’s
How does the process of working with Lothamer Tax Resolution to resolve tax debt work?
The procedures involved in working with Lothamer Tax Resolution to resolve tax debt often include the following:
- Free consultation: It offers prospective clients a free consultation with a tax expert to discuss their tax debt issues and determine whether they are a good fit for its services.
- Information gathering: If a client accepts Lothamer Tax Resolution’s offer of assistance, the company’s personnel will gather information about the client’s tax debt situation, including tax returns, letters from taxing authorities, and other significant financial information.
- Analysis and creation of a strategy: Utilizing the information obtained, Lothamer Tax Resolution will assess the client’s tax debt situation and create a strategy for resolving the issue. Negotiating with the IRS or state tax authorities, filing petitions or appeals, coming up with a payment plan, or making a settlement offer can all be necessary to achieve this.
- Implementation of the strategy: Following that, Lothamer Tax Resolution will begin executing the plan designed to handle the client’s tax debt issue. This might involve making calls to the IRS or state tax authorities on the client’s behalf, sending the necessary paperwork, and making payments in line with the established timetable.
- Continuous support: Throughout the tax debt resolution procedure, Lothamer Tax Resolution provides constant support to clients by answering questions and keeping them updated on the progress of their cases.
When dealing with tax debt, working with Lothamer Tax Resolution sometimes entails a drawn-out process that is tailored to the unique circumstances of each client. Their team of knowledgeable tax professionals works hard to deliver sensible solutions that meet each client’s needs and promote their financial stability.
What are the fees involved in using Lothamer Tax Resolution to settle tax debt?
The cost of working with Lothamer Tax Resolution to resolve tax debt may vary depending on the complexity of the case and the specific services required. On the other hand, Lothamer Tax Resolution is upfront and truthful about their prices, and they provide clients a clear concept of the costs involved before any work is done.
Clients may expect to pay a fee up advance for the consultation and evaluation of their tax debt condition. Many hundred dollars are frequently spent on this non-refundable fee.
After the initial meeting, Lothamer Tax Resolution provides clients with a comprehensive breakdown of the fees related to their services. Costs are sometimes estimated hourly depending on the intricacy of the case and the amount of work required to resolve the tax debt issue.
It’s crucial to understand that Lothamer Tax Resolution does not offer “one-size-fits-all” tax debt relief; instead, the fees will be customized to each individual client’s requirements. Yet, customers can be sure that they will receive personalized attention and a solution that is tailored to their tax debt issues. Lothamer Tax Resolution now offers payment plans to make its services easier for customers to access and afford.
Are Lothamer Tax Resolution licensed and accredited by any professional organizations?
In fact, a number of professional tax resolution organizations have accredited and licensed Lothamer Tax Resolution. Some of the significant accreditations and authorizations that Lothamer Tax Resolution possesses are as follows:
The Better Business Bureau’s (BBB) A+ rating reflects Lothamer Tax Resolution’s commitment to ethical business practices and client satisfaction. The BBB has granted this firm accreditation.
The National Association of Enrolled Agents (NAEA) has accredited: The NAEA is an organization for tax experts who specialize in tax law and representation. NAEA-member enrolled agents are employed by Lothamer Tax Resolution.
Lothamer Tax Resolution has received accreditation from the National Association of Tax Professionals (NATP), an organization for tax professionals that consult with individuals and businesses on tax issues.
Licensed by the State of Michigan: Lothamer Tax Resolution is allowed to assist Michigan individuals with their tax load since they have been granted a debt management business license by the state of Michigan.
Is Lothamer Tax Resolution beneficial for both state and federal tax obligations?
Lothamer Tax Resolution provides assistance with unpaid federal and state taxes. Customers who owe back taxes can expect assistance from the Federal Revenue Service (IRS) and state tax authorities like the Michigan Department of Treasury.
Their team of tax specialists includes enrolled agents and attorneys who are knowledgeable about both state and federal tax laws and regulations. They could help clients work through the challenges of managing tax debt issues on both the federal and state levels and create programs that are tailored to each person’s unique circumstance.
In general, Lothamer Tax Resolution’s ability to assist with both state and federal tax debt benefits clients who have tax debt issues with several taxing authorities. They can provide a comprehensive solution to help individuals and corporations overcome their tax debt problems and achieve financial stability.
Does Lothamer Tax Resolution help reduce tax debt for both individuals and businesses?
In fact, the Lothamer Tax Settlement may help both individuals and companies reduce their tax liability. They have experience working with customers of various sizes, from tiny businesses to significant multinationals, and are knowledgeable with the tax laws and regulations that apply to each kind of taxpayer.
Unpaid taxes, tax liens, wage garnishments, and bank levies are just a few of the issues that Lothamer Tax Resolution may be able to help people with. They may come up with a strategy to negotiate with the IRS or state tax authorities in order to find a solution that meets their goals and desires.
Companies can seek Lothamer Tax Resolution’s assistance with a variety of challenges, such as payroll tax problems, tax audits, and tax debt settlement. They can work with the business owner or their representatives to develop a plan to address tax debt issues, protect corporate assets, and ensure compliance with tax laws.
Customers that need help resolving tax debt issues often profit from Lothamer Tax Resolution’s ability to provide both individuals and companies with tax debt relief. They could provide a comprehensive solution to help people get their tax debt troubles under control and secure their financial futures.
Finally, Lothamer Tax Resolution, a recognized tax relief business with registered trademarks, provides clients with tailored solutions to help them deal with their tax issues. Due to their knowledgeable staff, free first consultation, and money-back guarantee, clients may feel confident in their ability to negotiate with the IRS and reduce their tax liability. Moreover, there are important limitations including a narrow service area, higher fees, and a BBB rating of just one star.