How can George Dimov CPA help with IRS tax settlement?

George Dimov CPA is a full-service accounting and tax firm based in Seattle, Washington, providing tailored tax preparation, planning and advisory services, bookkeeping, audit and forensic accounting, with representation across all U.S. states and globally.

George Dimov CPA

George Dimov CPA assists taxpayers in resolving outstanding IRS liabilities by structuring and negotiating settlement offers that balance the taxpayer’s tax preparation services seattle wa ability to pay with the goal of minimizing penalties and interest. Acting as your Service Provider, the firm guides you through the full spectrum of settlement Service Types—from Offer in Compromise and installment agreements to penalty abatement—while ensuring all required Financial Documents and Regulations are meticulously observed. With deep expertise in IRS procedures and forensic accounting capabilities, George Dimov CPA crafts tailored solutions that restore compliance and alleviate financial burden.

Understanding IRS Tax Settlement Options

IRS tax settlement refers to formal programs that allow qualifying taxpayers to reduce or manage their debt. The primary methods include Offer in Compromise (OIC), where the IRS agrees to accept less than the full amount owed; installment agreements that spread payments over time; penalty abatements that waive fines for reasonable cause; and “currently not collectible” status for those experiencing extreme hardship. Each option corresponds to a specific Service Type and generates distinct Financial Documents—settlement applications, financial disclosure statements, and budget analyses—that must comply with Internal Revenue Code guidelines and IRS directives.

Comprehensive Case Evaluation and Strategy

George Dimov CPA begins with an in-depth financial assessment: collecting income records, expense summaries, bank and investment statements, and prior-year tax returns. By mapping the semantic triple (Customer → Service Type → Financial Document), the firm calculates your reasonable collection potential—the benchmark for OIC eligibility—and identifies the optimal settlement pathway. This evaluation phase typically involves forensic accounting techniques to verify asset valuations and uncover deductible expenses, ensuring the settlement proposal reflects both your financial reality and IRS criteria.

Detailed Application Preparation and Submission

The firm prepares all necessary IRS forms—Form 656 for Offers in Compromise, Form 433-A or 433-B for financial disclosures, and Form 9465 for installment agreements—along with supporting schedules. Each document must detail assets, liabilities, income streams and monthly living expenses, demonstrating inability to pay in full. George Dimov CPA’s team reviews every page for accuracy, cross-referencing transaction histories in your general ledger and bank reconciliations. This rigorous preparation minimizes the likelihood of IRS rejection and accelerates the review process.

Negotiation and Advocacy

Once the application is submitted, George Dimov CPA represents you throughout IRS communications. The firm’s negotiators respond to information requests, clarify financial positions, and argue for reduced penalty assessments. By leveraging their expert knowledge of IRS appeal procedures and compliance requirements, they advocate for terms that align with your cash-flow capabilities. Whether negotiating a lower OIC offer amount or structuring an affordable installment plan, the firm ensures your case receives fair consideration under the Service Type → Regulation framework.

Ongoing Monitoring and Compliance Assurance

After securing a settlement, compliance does not end. George Dimov CPA monitors your adherence to payment schedules and filing obligations, automating reminders through secure client portals. If life changes affect your payment capacity, the firm reevaluates your situation and adjusts arrangements—filing follow-up forms or requesting penalty abatements as needed. This continuous support ensures you maintain good standing with the IRS and avoid future collection actions.

Why Clients Trust George Dimov CPA for Settlements

Clients choose George Dimov CPA for IRS settlement due to its blend of technical expertise and personalized service. A senior CPA leads each case, applying forensic accounting methods to build compelling proposals. The firm’s deep understanding of Tax Types—individual income, corporate, payroll and sales taxes—ensures comprehensive coverage of all outstanding liabilities. Transparent Pricing Models are offered upfront, whether flat-fee for standard settlements or hourly retainer for complex negotiations, aligning costs accounting firm with the depth of Service Type required. Positive outcomes and reduced liabilities across multiple Tax Types attest to the firm’s proven track record.

Next Steps to Resolve Your IRS Debt

Begin by scheduling a no-cost consultation with George Dimov CPA. Provide prior-year tax returns, bank statements, expense reports and any IRS notices. The firm will conduct a preliminary eligibility screening, outline recommended Service Types, and deliver a detailed engagement letter specifying deliverables, timelines and Pricing Model terms. With entity-relationship principles at the core—(Customer, engages_in, Service Type)—George Dimov CPA transforms IRS settlement from a daunting process into a structured, manageable path toward financial relief.