Got Tax Questions? We’ve Got Answers.
From IRS relief to future tax strategy, our licensed professionals and AI-powered tools give you clear, trustworthy answers to your most pressing tax questions.
Tax Relief FAQs
What is tax relief?
Tax relief refers to programs and strategies that reduce the amount of tax debt you owe or make it easier to pay over time. VeraTax combines licensed professionals with AI insights to maximize every relief option available.
How can VeraTax help me if I owe more than $10,000 in taxes?
We provide IRS protection, negotiate settlements or payment plans, and file/amend past returns. Unlike traditional firms, we also offer bookkeeping and tax prep to keep you compliant going forward.
Will tax relief really stop IRS collections?
Yes. Once we’re authorized to represent you, the IRS must communicate directly with us. We can stop levies, garnishments, and other enforcement while we resolve your case.
Is tax relief only for individuals?
No. VeraTax helps both individuals and businesses, including payroll and corporate tax issues.
How do I know if I qualify for tax relief programs?
Eligibility depends on your financial situation and tax history. Our professionals, supported by AI analysis, will review your case during your free consultation.
Tax Resolution FAQs
What is tax resolution?
Tax resolution is the process of addressing back taxes, penalties, and IRS actions to restore compliance. It can involve settlements, payment plans, or other relief options.
What options are available for resolving my tax debt?
Common tools include Offers in Compromise, installment agreements, penalty abatement, and Currently Not Collectible status. VeraTax professionals guide you through every option.
Can VeraTax stop a wage garnishment or bank levy?
Yes. We act quickly to contact the IRS and stop collections, then work to negotiate long-term relief.
Does tax resolution erase my debt?
Not always. Some programs reduce or settle your debt for less, others spread it out over time. Our goal is to find the most affordable resolution possible.
How long does the tax resolution process take?
The timeline varies by case complexity and IRS response. With AI-enabled efficiency, VeraTax often shortens the time compared to traditional firms.
Tax Preparation & Filing FAQs
Does VeraTax also do tax preparation and bookkeeping?
Yes. This is a key VeraTax differentiator. We not only resolve debt but also provide tax prep, filing, and bookkeeping so you stay compliant in the future.
What if I haven’t filed taxes for several years?
We can file unsubmitted returns, amend past returns, and get you back into compliance — while minimizing penalties when possible.
Do you handle both federal and state tax filings?
Yes. We manage federal, state, and local filings for both individuals and businesses.
How do you ensure accuracy in tax preparation?
Our licensed professionals prepare and review filings, with AI tools providing additional error-checking and optimization.
Can you help small businesses with ongoing filings?
Tax Settlement FAQs
What is an Offer in Compromise?
It’s a program where the IRS may agree to settle your debt for less than the full amount owed. VeraTax uses AI-enabled eligibility analysis to maximize your chances.
Do I qualify for a settlement program?
Are installment agreements the same as settlements?
No. Installment agreements let you pay over time, while settlements can reduce the amount owed.
What if I can’t afford to pay anything?
You may qualify for Currently Not Collectible status, which pauses collections until your financial situation improves.
Does settling my tax debt hurt my credit?
Tax Audit FAQs
What happens if I’m audited by the IRS?
The IRS reviews your filings and requests documentation. VeraTax professionals represent you directly, so you don’t face the IRS alone.
Can VeraTax help me during an audit?
Yes. We gather records, prepare responses, and negotiate outcomes on your behalf.
Why was I chosen for an audit?
Reasons vary: discrepancies in your return, random selection, or red flags (like unreported income). Our team helps you understand why and how to respond.
Can an audit increase my tax debt?
Yes, if the IRS finds errors. But with VeraTax representation, we minimize liability and often uncover areas where you may have overpaid.
How can I prevent audits in the future?
Accurate, compliant filings are the best protection. With ongoing tax prep, bookkeeping, and AI-enhanced accuracy, VeraTax helps keep you audit-proof
Don’t Wait—Protect Yourself from the IRS Today
Your tax relief starts with one call. Our licensed CPAs, enrolled agents, and tax attorneys—enabled by AI—are ready to shield you from the IRS, reduce your debt, and secure your future.