Tax debt can be a big problem for people as well as for businesses. That can cause a lot of worry and stress, and it’s easy to feel like you can’t do anything about it. This can be done with the help of Lothamer Tax Resolution. Lothamer Tax Resolution is a company that helps people deal with their tax obligations. They do this in a number of ways.
In this article, we’ll give a thorough review of Lothamer Tax Resolution, including a summary of the firm’s services, a look at their services, answers to frequently asked questions, and a conclusion.
Lothamer Tax Resolution offers a range of services.
Lothamer Tax Resolution offers a number of ways to reduce tax debt, such as:
This service, called a “offer in compromise,” helps people lower their tax bills by negotiating a settlement with the IRS.
Installment Agreement: This service lets people pay off their tax bill in easy monthly payments.
Penalty Abatement: This service helps people lower or get rid of penalties that were added to their tax bill.
Currently Not Collectible: This service is for people who are having trouble with money and can’t pay their taxes. That lets them temporarily stop the IRS from trying to get their money.
Staff with experience and knowledge: Lothamer has a team of tax experts who have worked in the field for a long time and know how tax law and the IRS collection process work.
Tailored solutions: Lothamer offers tax debt reduction options that are made to fit the needs of each customer.
Clients who want to talk about their options and find out more about their tax debt problems can get their first consultation for free.
Money-back guarantee: By offering a money-back guarantee on their services, Lothamer gives customers peace of mind.
Lothamer only works in a few states, so it may not be easy for all potential customers to use.
Lothamer’s fees could be higher than those of some of their competitors, which could turn off some customers.
How can Lothamer Tax Resolution help you pay less in taxes?
Lothamer is a company that helps both people and businesses deal with their tax obligations. They offer a wide range of services, such as working with the IRS to reduce or get rid of tax debt, setting up payment plans, and giving advice on how to avoid tax problems in the future.
When a customer works with Lothamer, they can expect personalized service from experienced tax experts who know the ins and outs of tax law and how the IRS collects money. They will work closely with customers to figure out what their tax situation is and come up with a plan to help them get their finances back on track. The tax lawyers, CPAs, and enrolled agents who work for the company know how to solve a wide range of tax problems, such as IRS audits, bank levies, wage garnishments, bankruptcy, and not filing tax returns.
Lothamer Tax’s services could be very helpful for people who are struggling with a lot of tax debt, penalties, or interest costs. Lothamer can help clients negotiate with the IRS to get a more manageable payment plan or, in some cases, a reduction in the total amount of taxes they have to pay.
How does Lothamer Tax Resolution help people get out of tax debt?
Lothamer offers different ways for people and businesses to get help with their tax problems. Here are some of the most important things they do:
Lothamer can help clients make an offer in compromise (OIC), which is a deal between the taxpayer and the IRS to pay less than the full amount of taxes owed. This may be a good choice for people who can’t pay their whole tax bill at once.
Installment Agreements: Lothamer Tax Resolution can help customers negotiate with the IRS for an installment agreement that lets them pay off their tax debt in monthly payments over time.
Penalty Abatement: Lothamer may help customers send requests for penalty abatement to the IRS. This can reduce or get rid of penalties for late payments or not filing.
For now, Lothamer Tax Resolution can help customers get CNC status, which means that the IRS will temporarily stop trying to get money from them because they can’t pay.
During an IRS audit, Lothamer Tax Resolution may be able to help customers by walking them through the process and making sure they are treated fairly.
Lothamer may be able to help clients file for “innocent spouse relief,” which keeps them from having to pay taxes on their ex-actions. spouse’s
All in all, Lothamer Tax Resolution offers a variety of tax debt relief services to help customers solve their tax problems and get back on their feet financially.
How does working with Lothamer Tax Resolution help you get out of tax debt?
When dealing with Lothamer Tax Resolution to deal with tax debt, these are the steps that are usually taken:
Free consultation: Those who are interested can meet with a tax expert for free to talk about their tax debt problems and see if they are a good fit for its services.
Getting information: If a client agrees to work with Lothamer Tax Resolution, their staff will gather information about the client’s tax debt, such as tax returns, letters from tax authorities, and other relevant financial information.
Analysis and making a plan: Using the information gathered, Lothamer Tax Resolution will look at the client’s tax debt situation and make a plan for how to solve the problem. This could mean negotiating with the IRS or state tax authorities, filing petitions or appeals, or making a payment plan or settlement offer.
Strategy implementation: After that, Lothamer Tax Resolution will start carrying out the plan made to solve the client’s tax debt problem. This could mean contacting the IRS or state tax authorities on behalf of the client, delivering the necessary documents or forms, and making payments according to a schedule that has already been set.
Support all the time: During the process of getting rid of tax debt, Lothamer Tax Resolution helps customers all the time by answering their questions and keeping them up to date on the status of their cases.
Getting rid of tax debt with the help of Lothamer Tax Resolution is often a long process that is made to fit the needs of each customer. Their team of skilled tax experts works hard to find solutions that meet the needs of each client and help them stay financially stable.
How much does it cost to get rid of tax debt with Lothamer Tax Resolution?
Lothamer Tax Resolution can help you get out of tax debt for a range of prices, depending on how complicated your case is and what services you need. Lothamer Tax Resolution, on the other hand, is upfront and honest about their rates, and they give clients a clear idea of the costs before any work is done.
Clients may have to pay up front for the consultation and review of their tax debt situation. This fee is usually several hundred dollars and is not refundable.
After the first meeting, Lothamer Tax Resolution gives customers a full breakdown of how much their services will cost. Depending on how complicated the case is and how much work needs to be done to settle the tax debt problem, the costs are often figured out by the hour.
Lothamer Tax Resolution doesn’t offer “one-size-fits-all” tax debt relief, so it’s important to know that the costs will be based on what each customer needs. Still, customers can be sure that they will get care that is tailored to them and a solution that fits their tax debt problems. Lothamer Tax Resolution now has payment plans to help clients get their services and pay for them.
Lothamer Tax Resolution is licensed and accredited by any professional organizations?
In fact, a number of professional groups for tax resolution have given Lothamer Tax Resolution accreditation and licenses. Here are some of Lothamer Tax Resolution’s important certifications and licenses:
A+ from the Better Business Bureau (BBB) shows that Lothamer Tax Resolution is committed to doing business in an honest way and making sure clients are happy. The BBB has approved this business.
The National Association of Enrolled Agents (NAEA) has said that: The NAEA is a group of tax lawyers and accountants who work in tax law and representation. Agents who are members of the NAEA and work for Lothamer Tax Resolution.
Lothamer Tax Resolution has been approved by the National Association of Tax Professionals (NATP). The NATP is a group of tax professionals who help people and businesses with tax issues.
Lothamer Tax Resolution can help Michigan residents with their tax burden because they have a license from the state of Michigan to run a debt management firm.
Are both state and federal tax debts helped by Lothamer Tax Resolution, or simply one or the other?
Lothamer Tax Resolution can help with federal and state tax bills that haven’t been paid. The Internal Revenue Service (IRS) and state tax agencies like the Michigan Department of Treasury are used to helping people who owe taxes from the past.
Part of their team of tax experts are Enrolled Agents and Lawyers who know both state and federal tax rules and regulations. They may help customers figure out how to deal with tax debt at both the federal and state levels and make plans that are unique to each person’s situation.
Lothamer Tax Resolution can help with both state and federal tax debt, which is helpful for customers who owe money to more than one taxing authority. They can help people and businesses get out of tax debt and reach financial security by providing a complete solution.
Can both individuals and businesses get help from Lothamer Tax Resolution to lower their tax debt?
In fact, the Lothamer Tax Settlement may help both people and businesses get out of tax debt. They know the tax laws and rules that apply to each type of taxpayer and have experience working with clients of all sizes, from small businesses to large multinational corporations.
Lothamer Tax Resolution can help people with problems like unpaid taxes, tax liens, wage garnishments, and bank levies. The person might come up with a plan to negotiate with the IRS or state tax authorities in order to find a solution that fits with their goals and dreams.
Lothamer Tax Resolution can help businesses with things like payroll tax problems, tax audits, and the settlement of tax debt. They can work with the business owner or their representatives to come up with a plan for dealing with tax debt, protecting business assets, and making sure tax laws are followed.
Lothamer Tax Resolution can help both individuals and businesses get out of tax debt. This is helpful for clients who need help getting out of tax debt. They might be able to offer a complete solution to help people get out of tax debt and get their finances in order.
Lothamer Tax Resolution Review: Conclusion
Lothamer Tax Resolution is a reputable company with registered trademarks that helps people deal with their tax problems by giving them personalized solutions. Because they have an expert team, a free first consultation, and a money-back guarantee, clients can feel confident that they can negotiate with the IRS and get their tax bill lowered. There are also big problems, like a small service area, higher prices, and a one-star rating from the Better Business Bureau.