Tax Due Diligence

Tax Due Diligence

We order IRS Tax Transcripts in New York and determine the following:

  • Amounts due;
  • If the returns were filed;
  • If unfiled returns, whether the IRS made substitute returns. This is a big issue under the new Bankruptcy Reforms;
  • The amounts of penalties and interest owed each year.

After this research, we can determine if a Bankruptcy is a good solution or if another solution is better such as an offer-in-compromise or installment agreement.

If requested, we can order even more detailed reports which provide the sources of income for each year.

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