Korntved & Associates

For many individuals and businesses in Illinois, facing tax problems can be an overwhelming and stressful experience. Whether you're dealing with back taxes, IRS levies, wage garnishments, or complex audit issues, finding an experienced and effective professional is crucial for achieving peace of mind and financial resolution. This article introduces you to Korntved & Associates, a highly specialized accounting firm based in Streamwood, Illinois, renowned for their expertise in tax compromises and relief.

Korntved & Associates, led by Howard Korntved, has built a sterling reputation for helping clients navigate even the most challenging tax situations. Unlike general accounting firms, their practice specializes in Offers in Compromise (OIC) with both the IRS and state tax authorities. This dedicated focus means they possess a deep understanding of the intricacies involved in negotiating tax debts, getting liens removed, and stopping levies. Their commitment to achieving significant reductions in tax liabilities for their clients is evident in numerous testimonials, where individuals share stories of drastically reduced tax bills and the ability to finally "move forward with their lives." With decades of experience in this niche field, Howard Korntved and his team offer not just technical expertise but also a highly responsive and professional approach to client service.

Korntved & Associates is conveniently located in Streamwood, Illinois, making their specialized tax relief services accessible for residents and businesses across the wider Illinois region. The office address is:

401 Country Ln, Streamwood, IL 60107, USA

This location in Streamwood provides excellent accessibility for clients coming from various surrounding communities in Illinois. Situated within an easily reachable area, the office is straightforward to access by car, with readily available parking. The professional setting of the office ensures a comfortable and confidential environment for discussing sensitive financial and tax matters. For those in the northwest suburbs of Chicago and beyond, this Streamwood address offers a convenient point of access to highly specialized tax resolution services, minimizing travel time and making it easier for clients to engage with their experienced team. The ease of access underscores Korntved & Associates' commitment to serving the local community efficiently.

Korntved & Associates specializes almost exclusively in tax resolution services, particularly focusing on helping individuals and businesses deal with significant tax debts and enforcement actions from tax authorities. Their highly specialized services include:

• IRS Offers in Compromise (OIC): Specializing in negotiating with the IRS to allow taxpayers to settle their tax debt for a lower amount than what they originally owe, based on their ability to pay. They handle various types of taxes, including income taxes, payroll taxes, civil penalty taxes, fraud taxes, trust fund taxes, and excise taxes.
• State Tax Compromises: Similar to IRS OICs, they negotiate with state tax authorities in Illinois (and other states) to reduce outstanding tax liabilities.
• Lien Removal: Assisting clients in getting federal and state tax liens removed, which can clear titles and enable property transactions.
• Levy Removal: Working to lift wage garnishments and bank account levies, restoring clients' access to their earnings and funds.
• Garnishment Relief: Providing immediate assistance to stop wage garnishments, which can severely impact a taxpayer's financial stability.
• Representation Before Tax Authorities: Directly working with IRS agents and state tax officials on behalf of clients, leveraging their relationships and understanding of internal procedures.
• Resolving Back Taxes: Comprehensive strategies for addressing and resolving all types of outstanding tax debts.

Korntved & Associates distinguishes itself through several key features and highlights that underscore their unparalleled expertise and commitment to achieving favorable outcomes for clients:

• Decades of Specialized Experience: Howard Korntved possesses "decades of experience" in the highly important field of tax resolution, particularly in Offers in Compromise, having submitted them since 1998. This extensive history provides a profound understanding of the intricacies of tax law and negotiation.
• High Success Rate with Offers in Compromise: The firm boasts an exceptionally high success rate for Offers in Compromise, with approximately 85% of submitted compromises being settled successfully. This is significantly higher than the industry norm (which is reported at around 26%), demonstrating their effectiveness.
• Focus on Permanent Resolution: Successful compromises "end it all permanently" – no more tax liens, wage garnishments, or levies. This focus on a final, legal resolution provides immense relief to clients.
• Proven Track Record of Significant Reductions: Testimonials highlight dramatic reductions in tax bills, with cases where original amounts owed were knocked down to a mere fraction (e.g., 5% or even 0.25% of the original amount).
• Direct Engagement with Tax Agents: Howard Korntved works "directly with the agents," leveraging his experience to get expenses considered and resolutions achieved that other professionals might not.
• Responsive and Professional Service: Clients praise the firm for being "very responsive to my calls" and delivering a "thorough and professional job," alleviating client stress.
• Personalized Approach: Howard takes the time to lay out all options for clients, patiently answering questions and guiding them through the process without making false promises or guarantees.
• Local Expertise: Clients specifically choose Korntved & Associates for a "local expert and not one of those guys you hear on the radio," emphasizing the value of their local, hands-on approach.

Based on publicly available information, Korntved & Associates does not explicitly advertise specific promotions or special offers for their tax resolution services. Their value proposition primarily lies in their specialized expertise, high success rates, and decades of experience in negotiating with tax authorities. Given the highly customized nature of tax problem resolution, fees are typically determined on a case-by-case basis after an initial consultation. For individuals and businesses in Illinois facing tax problems, it is highly recommended to contact Korntved & Associates directly to schedule a consultation. During this discussion, you can provide details about your specific tax situation, and they can then outline their approach, potential strategies for resolution, and their fee structure.

For inquiries, to schedule a consultation, or to learn more about how Korntved & Associates can assist with your tax problems in Illinois, you can reach their office through the following contact details:

Address: 401 Country Ln, Streamwood, IL 60107, USA

Phone: (630) 289-5708

Mobile Phone: +1 630-289-5708

Reaching out directly is the most effective way to discuss your specific tax challenges and determine how their specialized expertise can best serve you. Their team is prepared to provide professional and informative assistance, guiding you through the initial steps of securing expert help for your tax resolution needs.

For residents and businesses across Illinois, particularly those in Streamwood and the surrounding communities, Korntved & Associates stands out as an exceptionally suitable and highly recommended resource for resolving complex tax problems. What truly sets them apart is their deep, specialized expertise in tax compromises and relief from IRS and state tax enforcement actions like liens, levies, and wage garnishments. In a field where the stakes are high and the rules are intricate, their decades of dedicated experience offer a level of knowledge and negotiation prowess that is difficult to match.

Client testimonials provide compelling evidence of their effectiveness, with numerous accounts of drastically reduced tax liabilities and the profound relief that comes from finally resolving long-standing tax issues. The firm's high success rate for Offers in Compromise, significantly exceeding industry averages, provides a strong indicator of their ability to achieve favorable outcomes. Choosing a "local expert" like Howard Korntved means opting for a professional who is not only highly knowledgeable but also responsive, thorough, and genuinely committed to helping clients move forward with their lives. For anyone in Illinois grappling with tax debt or facing tax enforcement actions, Korntved & Associates offers the proven expertise and personalized service needed to navigate these challenging situations successfully.