Why Now is the Right Time to Get Back on Track with Your Taxes

by May 9, 2025Tax Law

DISCLAIMER 

The material on this website is provided to the general public and is for informational purposes only. Information contained herein does not reflect the opinion of Paley & Prehn, PLC and should not be relied upon as legal advice. You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship. Should you wish to hire an attorney at Paley & Prehn, PLC to represent you, you must first sign an agreement for legal services. 

At Paley & Prehn, PLC, we assist individuals and businesses with solving their tax problems and regain their financial stability. If you have fallen behind with your tax filing and payment obligations—whether with the IRS or the State of California—now is an excellent time to take action.

Take Advantage of IRS Disarray and Economic Opportunities

Although the IRS appears to be facing internal challenges, including funding shortages and staffing cuts, this creates a quiet window of opportunity for taxpayers to get caught up with fewer obstacles.

Voluntarily resolving your tax issues now—before major reforms or new funding initiatives are implemented—could allow you to address your situation discreetly. It is important to note that, generally, getting ahead of the government can make a critical difference. We can help you resolve your tax problem now.

Additionally, taxpayers who are compliant are often better positioned to benefit from current programs and new government programs that may emerge. Whether it’s future stimulus measures, disaster relief grants, or small business incentives, maintaining good standing with the IRS and California tax agencies could make the difference between qualifying for help—or being disqualified because of outstanding tax debts. Similarly, compliance is a critical factor in taking advantage of bankruptcy options that may be available should the need arise.

IRS and California Tax Agencies are Offering More Flexible Resolution Options

In the wake of the economic disruptions of the past few years, both the IRS and California’s tax authorities have recognized the need for flexibility. The IRS continues to offer various relief programs, including abating tax penalties, installment agreements, offers in compromise, and currently not collectible status for eligible taxpayers. The California Franchise Tax Board (FTB) has also expanded its payment plan options and reduced some penalties for qualifying taxpayers.

Negotiating from a position of proactivity—rather than waiting for enforcement—often provides an advantage. If you come forward voluntarily, you are more likely to secure

favorable payment arrangements and avoid harsh collection measures like levies, liens, and wage garnishments.

Interest and Penalties Continue to Grow

Remember, tax debt doesn’t just sit still. The longer you wait, the bigger your tax problem becomes because the government tacks on penalties and interest.

You Have More Options Than You Might Think

One of the biggest misconceptions we see is the belief that tax problems are unsolvable and that you are stuck with them for life. That isn’t true.

At Paley & Prehn, we have successfully helped clients:

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Negotiate affordable Installment Agreements to spread payments over time

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Settle tax debts for less than the full amount owed through Offers in Compromise

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Secure Penalty Abatements

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Protect assets from seizure or lien through smart legal strategies

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Obtain Currently Not Collectible status when financial hardship prevents payment

Every tax problem is unique, and solutions exist even in situations that seem overwhelming. We can help you.

Starting Now Gives You a Fresh Start Before 2026

Many businesses and individuals are reviewing their financial house for the new year and beyond. Resolving your tax issues now allows you to:

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Start 2026 on solid ground with a plan to address tax debts

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Strengthen your credit profile and financial standing

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Grow your business or pursue new financial opportunities without the cloud of unresolved taxes

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Avoid disruptions to professional licenses, contracts, or government benefits tied to tax compliance

A fresh start begins with taking action—and the sooner, the better.

How Paley & Prehn Can Help You

Solving tax problems is what we do. We have over 20 years of tax experience in:

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IRS and State Tax Audits

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Back Tax Negotiations

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Penalty Relief Requests

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Tax Court Litigation

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Business Tax Compliance and Representation

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Criminal Investigations and Representation

We understand that tax problems can feel overwhelming and isolating. We are here to stand by your side, explain your options clearly, and develop a strategy to resolve your specific situation.

Our clients value our commitment to honest advice, aggressive advocacy, and compassionate service. Whether you are an individual overwhelmed by IRS notices or a business facing complex back tax issues, we can help you navigate the path back to compliance—and peace of mind.

Don’t Wait—The Time to Act is Now

Contact us now to schedule a confidential consultation. We will help you find a solution—and start fresh.

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