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It Pays to Get Current

If you’re behind on tax filing, you need a strategic plan to pay what you owe without incurring further unnecessary debt.

Get Current with Tax Filing & Payment

Many individuals and businesses that get behind on taxes often wonder how they can get current when they are trying to get caught up on back taxes. Our advice is to pay this year’s tax first, not back tax. The reasons for this are threefold. First, the IRS must allow you to get current. Secondly, to get any form of resolution and relief on back taxes, you must be current with paying your taxes in the current year. Thirdly, you can save hundreds, if not thousands of dollars, by focusing on this year’s taxes.

You see, for every year you don’t pay the current year’s taxes, you incur a whole new round of penalties, whereas the penalties for the old years are not going to get that much bigger. Keep in mind, the money you pay for back tax could have been used for current taxes, and the back tax may be eligible for a settlement or may be expiring soon. Another way to save on owing back taxes is to at least file your tax returns on time, even if you can’t pay. This will save you hundreds, if not thousands, of dollars with late filing penalties.

To be successful in resolving back taxes, you must first get current. Let Lothamer show you how to get current and put your tax problem in the rearview mirror.

How We Can Help You Get Current

The vicious cycle of paying back tax at the expense of not paying current year tax can and needs to be broken. Lothamer knows all too well how you can accomplish this. If you’re in business, we can show you how to re-organize your business and pay your taxes throughout the year, not quarterly. The quarterly system is probably the worst system for paying your taxes: it’s not automatic, it’s quarterly, it’s after the fact, and it’s based upon an estimate most times using the prior year’s tax, meaning it’s far from accurate. If income goes up, the estimate is too low. If income drops, the estimate is too high or the business owner is unable to pay it.

We have proven methods for automating your taxes, and those methods are based on cash flow, not profit. Your taxes need to be paid monthly, not quarterly, and if based on cash flow, you don’t even need to wait for a prepared financial statement.

Most accounting firms are not equipped to prepare delinquent tax returns, nor desire to do so, and are not willing to make you a priority. In fact, most regular accounting firms will automatically prepare Married Filing Joint tax returns, when this election could prove to be fatal. Joint tax returns create 100% liability for each spouse for the total tax. The liability is joint and several. Also, the assets of both spouses are subject to levy and seizure by the IRS, making any settlement with IRS larger than what could be attained by filing Separate Returns.

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Tax Resolution Success Stories

I have worked with the people at Lothamer for over a year and have only good things to say…. My questions were always answered in a timely manner and the whole process was made as low stress as possible. Despite delays caused by the government shut-down, my issues were successfully resolved. If you have serious tax issues to deal with involving either the state or the IRS, I would not hesitate to recommend Lothamer Tax Resolution.

Frederick - Ann Arbor, MI

Lothamer Tax Resolution is an outstanding company that treats customers like you are the most important business to them. The staff and the leaders are very responsive and efficient. Lothamer Tax consultants took care of my tax issues and settled quickly with the IRS. I will highly recommend this company to anyone that has any level of tax problems.

Ken O. - Troy, MI

I called and the gave me great tax advice! Thank you Lothamer!

Alliey R. - Evansville, IN
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Tax Resolution Success Stories

I’ve been working with Andrew and he’s very prompt and professional. He’s easy to get ahold of any time I have questions or concerns. Great overall experience.

Jim W. - Indianapolis, IN

Lothamer took care of my IRS tax needs in a very efficient manner. Convenient and expedient, kindness without judgment. The IRS worked with Lothamer quickly. An installment payment that I can afford on a fixed income. Andrew Campbell provided excellent service. I could not have done this alone.

Kathy - Ann Arbor, MI

Lothamer successfully helped me get a substantial OIC that will allow me to get back to rebuilding my financial status. Lothamer was very good to work with.

Mark - Troy, MI
Your Roadmap to Resolution Starts Here

Within the first 24–72 hours, we can do more than what most other tax firms do in several weeks.

Step
1

CALL OUR OFFICE to Learn More About Our Process for Getting Same-Day Tax Help

For a reasonable fee, we will call the IRS and request a Stay on Collection, obtain transcripts as to years unfiled, balances due, and income reported to the IRS, and provide a consultation within three days with a licensed attorney, CPA, or Enrolled Agent.

Step
2

MEET WITH A LICENSED CPA, ATTORNEY, OR ENROLLED AGENT and Get Your Roadmap to Resolution

Our meeting with you will be a virtual meeting, using our proprietary video conferencing software, performed in the privacy of your office, home, or vehicle, with a licensed attorney, CPA, or Enrolled Agent. We will share our findings, discuss your options, and provide you with a plan to resolve your tax problem. At this meeting, we will give you an estimated cost for the services to carry out the plan developed.

Step
3

IMPLEMENT THE PLAN

Upon accepting the Terms & Conditions in our service agreement as outlined in Step 2, we will immediately go to work solving your tax problem. We will get you set up in our eResolution Client Portal, giving you access to critical deadlines and next steps to view the progress of your case.

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