Multi-Year Tax Compliance & IRS Debt Resolution

Professional Tax Services for Complex Tax Situations

If you're overwhelmed by unfiled tax returns, back taxes, or IRS notices, you're not alone. LP Tax Services LLC specializes in helping individuals and business owners regain control of their tax situation.
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20+ Years Experience

Enrolled Agent (EA)

Certified Tax Resolution Specialist

Published Author

This Service Is Designed for You If:

We focus on fixing past problems and restoring compliance, not quick annual returns.

You haven't filed taxes in years

You received IRS or state notices

You have W-2 and/or 1099 income that wasn't reported

Your records are incomplete or disorganized

You're facing IRS liens, garnishments, or levies

You need help fixing the problem correctly, not temporarily

Why Leonard Prather

Leonard brings 20+ years as a Senior Accountant for NYSE-listed and private sector companies. His niche, multi-year compliance and IRS negotiation, means you get a specialist, not a generalist.

He's also the published author of Financial Accounting and Reporting Study Guide Notes, available on Amazon and Google Books, demonstrating deep technical expertise.

  • Enrolled Agent (EA) — Licensed to represent before the IRS
  • Certified Tax Resolution Specialist (CTRS)
  • Certified Public Bookkeeper (CPB)
  • 20+ Years Senior Accounting Experience
  • Published Author
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Our Three Core Service Areas

Explore each service to see how we can help.

Tax Filing

Accurate individual and business tax returns, including multi-year filings. Current year and prior year returns prepared with consistency and care.

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Tax Planning

Proactive tax reduction and estimated tax strategies. We help you make informed financial decisions throughout the year to minimize surprises at tax time.

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Tax Debt Resolution

IRS installment agreements, offers in compromise, and penalty relief. We handle all IRS communication so you don't have to.

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Our 6-Phase Compliance System

A structured, step-by-step approach to resolving back taxes the right way.

Assessment & Triage

We analyze your complete tax history, identifying unfiled years, penalties, liens, and IRS notices.

Preparation & Filing

We prepare accurate returns for all outstanding years and file them in the proper sequence.

Strategic Planning

We determine the fastest, most cost-effective path forward, including statute of limitations review and filing strategies.

Resolution Negotiation

If you owe back taxes, we negotiate installment agreements, offers in compromise, or penalty abatement with the IRS.

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Document Gathering

We collect income statements, expense records, and prior returns. We work directly with the IRS when necessary.

Ongoing Compliance

We keep you current moving forward, preventing future problems through proper tax planning.

Serving Somerset County & Surrounding Areas

Based in Somerset, NJ, we help clients locally and nationwide.

Hillsborough • Franklin Township • Bound Brook • Manville • Bridgewater • Raritan • North Plainfield • Watchung • Warren • Piscataway • New Brunswick

Frequently Asked Questions

How much do back taxes cost in penalties and interest?

It depends on how much you owe and how long. Failure-to-file penalties run 5% per month (up to 25%), interest compounds at ~8% annually. A $20,000 debt from 5 years ago could add $15,000-$20,000 more.

Can the IRS take my house if I have back taxes?

The IRS can file a lien (prevents selling), but rarely seizes a primary residence. However, a lien damages credit and prevents refinancing. We resolve liens through payment agreements or settlements.

How long does the IRS have to collect back taxes?

The Collection Statute Expiration Date (CSED) is typically 10 years from assessment. After that, the IRS generally cannot collect. We evaluate your situation to develop the best strategy.

Can I negotiate the amount I owe?

Yes. You can reduce penalties through reasonable cause arguments, settle for less through an Offer in Compromise, and stretch payments across many years through an installment agreement.

What if I get a wage garnishment?

Contact us immediately. We can request a garnishment release or reduction if an installment agreement is in place. Don't ignore it, respond quickly.

What if I owe both federal and state back taxes?

We handle both. Federal (IRS) and state (NJ Division of Taxation) have separate processes, but we coordinate them. Some resolutions apply to both simultaneously.

Get Your Tax Issues Resolved Today

Contact LP Tax Services LLC for a confidential consultation. We serve Somerset County, NJ and surrounding areas.

(732) 217-7735

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