FREQUENTLY ASKED QUESTIONS

Clear answers for informed decisions.

Here you’ll find answers to the most common questions about tax resolution and IRS representation.

Preguntas Frecuentes | Powerhouse
1. What should I do if I received a letter from the IRS?

Don't ignore it. IRS notices generally include important information, deadlines, and actions that may require a response. We can review the letter with you, explain what it means, and determine the next steps.

2. What happens if I owe taxes to the IRS and can't pay it all at once?

There are several options, such as installment agreements, partial payment agreements, or offers in compromise, depending on your financial situation. We evaluate your case to recommend the most suitable option.

3. Can I set up a payment plan with the IRS?

Yes. The IRS offers short- and long-term payment plans based on the amount owed and your ability to pay. We help you apply for the plan that best fits your budget.

4. What happens if I have several years of unfiled tax returns?

You're not alone. We help you reconstruct and file your back returns, and set up a realistic plan to get current with the IRS and avoid further penalties.

5. Is it possible to reduce IRS penalties?

In some cases, yes, through reasonable cause penalty relief or other IRS programs. We assess whether you qualify and prepare the corresponding request.

6. Can I settle my IRS debt for less than I owe?

It's possible through an Offer in Compromise, if you qualify based on your income, expenses, and assets. We analyze your situation to determine your eligibility.

7. Do I have to speak directly with the IRS?

Not necessarily. As authorized representatives, we can communicate with the IRS on your behalf, so you don't have to deal with them directly.


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