IRS Tax Settlement Options
Serving Minnesota and Western Wisconsin
If the IRS or the Minnesota Department of Revenue (MDR) has informed you that you owe a significant amount of money in income taxes, business or self-employment taxes or other type of tax, there may be settlement options that can substantially reduce the amount of money you owe.
Learn more about IRS tax settlement options. If you reside or operate a business in the Twin Cities metropolitan area and owe more than $20,000 in federal or Minnesota state taxes, call Pridgeon & Zoss, PLLC, in Edina, or St. Anthony, Minnesota. Our attorneys, Mark Pridgeon and David Zoss, have careers as federal and state tax lawyers that span more than 70 years combined. We offer a no-cost, no-obligation initial review of your circumstances and will explain your best options for settling with the IRS. Our lawyers will work directly with you throughout your case.
Some settlement options include:
- Offers in compromise: The IRS and MDR understand that settling for a percentage of unpaid income taxes is better than getting nothing at all if you file bankruptcy. We will work with the tax officials to find solutions that will reduce the total amount of taxes due.
- Installment agreements: The IRS and MDR may have a reputation for being harsh, but they are staffed by people who understand that paying a large lump sum of money may not be possible. We will work with you and the tax officials to develop an installment payment plan that is satisfactory to all parties. You may make installment payments with each tax notice, beginning with your first letter from the IRS or MDR. Do not delay responding to your notice!
- Currently not collectible status: If you have special circumstances that prevent you from paying the amount due or making installment payments, the IRS may be willing to place your delinquent taxes into currently not collectible status. This status typically has a timeline attached to it but extensions may be possible.
Mark A. Pridgeon And David L. Zoss — Experienced Minnesota And IRS Negotiation Attorneys
Integrity is the hallmark of the firm’s success. State and federal tax officials recognize Pridgeon & Zoss, PLLC‘s commitment to the ethical representation of his clients.
Mark is also a licensed certified public accountant (CPA). Out of professional respect for CPAs and tax professionals, we do not serve clients in the capacity as accountants or licensed tax preparers. We attends federal and state tax audits on behalf of a client only by request of the client or the client’s tax professional.
When you meet to discuss your tax liability matter, you will find Mark, David and legal assistant Saree Olson to be professional, courteous and approachable. We work directly with every client and do not subcontract cases to other tax law firms.
From offices in Edina and St. Anthony, our tax lawyers advise and represent clients in communities throughout Minnesota and Western Wisconsin. If you are facing a significant tax liability of $20,000 or more, contact the firm for a no-cost half-hour initial consultation with Minneapolis attorney for tax penalties at Pridgeon & Zoss, PLLC‘ today. Contact us online or by telephone. Within the Twin Cities metro area, call 952-232-0371 or 612-455-8948; or call us toll free 877-221-1651 if you are located outside of the Twin Cities metro area. You may also use the convenient email contact form to explain your circumstances and request a consultation.
Weekday office hours are 9 a.m. to 5 p.m. in our Edina office, and 10:00 a.m. to 4:00 p.m. in our St. Anthony office. Evening and weekend appointments may be available by special arrangement.