Accelerated Tax Solutions

Tax Resolution vs. Debt Consolidation

Eric Boberg — Fri, 07 Nov 2025 20:36:11 +0000

Tax Resolution is NOT Debt Consolidation

It is important to distinguish the work Tax Resolution Firms do from the work done by debt consolidation companies. Many debt consolidation companies have rightfully received numerous complaints and bad ratings because of the, in many cases, false or misleading promises they make to their clients who are often under duress. In most cases, the client’s credit rating has already been adversely affected, and the debt has been sold to collection agencies who have few options other than to nag consumers until they agree to pay something.

On the other hand, state and federal income tax authorities have much more power to collect back taxes that are owed. In addition to auditing returns and filing substitutes for returns, tax authorities can place liens on taxpayers’ assets and more aggressively seize funds through bank levies and wage garnishments. In these types of situations, our firm can benefit clients immensely through informed action, representation, and resolutions that protect our clients’ assets and financial security. Even in our domain, however, there are companies that make promises they can’t keep. While there are legitimate ways to reduce tax liabilities over time, broad claims to reduce taxes to “pennies on the dollar” are misleading at best. For example, nearly two-thirds of offer in compromise (OICs) applications should never have been filed in the first place according to the IRS.

At Accelerated Tax Solutions, our process begins with getting to know your personal financial challenge and then explores exactly what the tax authorities think they know. Guided by experienced attorneys and veterans in the field of resolution, our team then works to put you in the best position legally possible, keeping you informed throughout the process. As a result, we have served 1000s of individuals, families, and businesses by providing actual and affordable options to address their state and federal tax liabilities.

IRS Notice CP2000

Eric Boberg — Fri, 07 Nov 2025 20:10:13 +0000

What are CP2000 and CP2100 IRS Notifications? If you receive a CP2000 or CP2100, you most likely have missing or incorrect information. In the case of the CP2100, either your name or taxpayer identification number (TIN) is missing or does not match the IRS records. A payer has made at least one payment to an inaccurate TIN. For missing or obviously incorrect TINs, the taxpayer should begin backup withholding immediately and make up to three requests for the TIN to avoid penalties for not including the correct information. For CP2000s, the income or payment information reviewed from third parties does not match what you reported. For instance, an employer or financial institution has reported income or payments that you have not included in your tax return. The notice will explain how the reported information that you missed affects your return. If you do not respond by the due date, you will receive a Statutory Notice of Deficiency for a new amount which may include penalties and interest. If you receive a CP2000, you should act swiftly to address the issue. The underlying discrepancy might also affect other years. Accelerated Tax Solutions can address this concern for you in a very quick and comprehensive manner, ensuring that our recommendation for future action–which you might choose to do on your own or enlist us to resolve–addresses not only the notice you received but also all years of your required compliance.

Accelerated Tax Solutions

Wed, 19 Aug 2020 08:00:14 +0000

Our professional, knowledgeable AND friendly team is here to help you with your tax issues. Whether it’s preparing unfiled returns, representing you with an audit, or representing you in getting you into the best resolution based on your situation, our team is here for YOU.

Accelerated Tax Solutions

Wed, 19 Aug 2020 07:58:34 +0000

Are you trying to navigate your small business to success in today’s economy? Make sure you are taking the proper steps to avoid any tax issues! From income tax, to employment tax, to estimated tax payments, if you’re not on top of your taxes, it could easily lead to failure. Give us a call to see how we can help YOU succeed!

Tax Health Check $200 Discounted Introductory Offer

Thu, 06 Aug 2020 10:03:06 +0000

Jul 22, 2020 – Aug 21, 2020

ATS is proud to announce the first monthly subscription IRS monitoring service to ensure you or your business is consistently aware of your standing with the IRS! Our introductory offer is valid through August 15, 2020 and includes over $200 in savings! Call us today and request to discuss our Tax Health Check.