Back Taxes & Tax Debt Relief

Tax debt forgiveness can have tax consequences because some forgiven or canceled debt may be treated as taxable income under applicable rules. The result depends on the type of debt, the circumstances of the forgiveness, and the forms or reporting involved. A tax professional can review your specific situation, identify relevant exceptions, and explain how forgiveness may affect your federal or state tax filings.

There is no single settlement method that fits every taxpayer. Options may include addressing filing issues, correcting records, negotiating an offer in compromise, responding to collection actions, or pursuing another resolution path allowed under applicable rules. The appropriate approach depends on your liability, financial circumstances, compliance history, and documentation. JFT Group reviews the situation and provides personalized assistance with the resolution process.

Yes. JFT Group provides IRS and state tax problem resolution services. The team can help clients understand state tax concerns, collection actions, and the information needed to evaluate potential resolution strategies. Because state procedures and requirements vary, the firm reviews the relevant notices, filings, records, and circumstances before discussing an appropriate path forward.

JFT Group assists individuals and businesses dealing with IRS audits. Support may include reviewing notices, organizing tax records, understanding the issues being examined, and helping prepare a thoughtful response. The firm’s experts work directly on the client’s behalf and help simplify the process so the taxpayer can make informed decisions while addressing the audit requirements.

An offer in compromise is a potential IRS resolution arrangement that may allow an eligible taxpayer to settle certain tax liabilities for less than the full amount owed. Eligibility and acceptance depend on applicable IRS requirements, financial information, filing compliance, and supporting documentation. JFT Group can help evaluate whether this type of resolution may be relevant and assist with understanding the process.

JFT Group assists clients dealing with wage and bank levies. The firm can review the collection action, help clarify the underlying tax issue, and discuss available response or resolution strategies based on the taxpayer’s circumstances. Prompt attention is important because levy matters can affect access to income or funds and may require organized documentation and communication.

Innocent spouse relief may provide a way for a taxpayer to seek relief from certain tax liabilities connected to a joint return when specific requirements are met. The analysis can involve the return, the circumstances surrounding the tax issue, knowledge of the understatement, and applicable IRS rules. JFT Group assists with reviewing potential claims and understanding the information needed.

JFT Group offers virtual services and serves clients across all 50 states, in addition to providing in-person availability in Allentown, Pennsylvania. A virtual consultation can help the team understand your notices, filings, collection concerns, and available records. The firm can then explain relevant considerations and the next steps for addressing your IRS or state tax problem.