Tax Relief BlogIf you haven’t paid back taxes, penalties, or interest – you may be able to work with us to apply for an Offer in Compromise (OIC) with the IRS in order to get compliant, alleviate your issues with the IRS collectors, and move forward. An OIC is an agreement to settle your tax liabilities for less than the full amount owed. The good news is that it may be easier than you think. In the spring of 2012 the IRS modified their offer in compromise guidelines, in an effort to work with struggling taxpayers, making it much more favorable to the taxpayer.
Articles Posted in Tax Resolution Services
Innocent Spouse Tax Relief, Separation of Liability and Equitable Relief – Explore Your Options and Recourse
Often, married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. Unfortunately, there are times because of divorce, separation, or other circumstances that one spouse becomes liable for taxes, interest, or penalties due to improper filing or reporting of their partner.
If you are in need of advice on the best way to obtain tax relief, we welcome you to contact our tax firm for a free tax consultation at 877-788-2937.
Backlog on Taxes? Get a CPA for Back Taxes
Backlog on Taxes? Get A CPA for Back Taxes
Nothing can be more stressful and alarming to have found your name in the black book of the IRS. It can be a case where you owe money following an audit, or taxes due in the current year or the previous year/s, or even worse where it can be case of many years of back taxes.
Owing money to the IRS can be devastating and destroy you beyond help if left unpaid. Though it may seem cruel from your point of view but the fact is that the IRS has the right to place levies and liens against your property to make up for the tax repayment. You may question yourself-“Why me”? Well, the truth is that it is not just you but according to a study” a maximum of twenty million of Americans owe money to the IRS.
Why You Need an Enrolled Agent for Tax Problem
The services of an enrolled agent for tax problem go a long way in resolving your IRS related tax issues. Though there are other tax professionals like tax attorneys and CPAs, in certain circumstances, it is best to take the help of enrolled agents. The question is ‘what are these circumstances’.
Bank Levy – Don’t Let It Freeze
Like a Ninja assassin, a bank levy strikes without a peep. How and when, no one knows. One day your debit/credit card will be working fine, but the next day your card will be rejected while making purchases or while trying to draw cash from the ATM. The IRS bank Levy can be quite devastating and can make normal life impossible; turning it upside down. A bank levy can be one of the harshest methods of collecting taxes used by the IRS. Should you ever face a bank levy it shouldn’t come as a surprise because the IRS gives a fair warning to individuals in advance that they plan on using this method.
Expert Guidance for Wage Garnishment Solutions: IRS wage levy release
Timely tax payment is an important responsibility of every citizen and in the long run amounts to a better society with better amenities. Tax deductions from the salary do hurt and many resort to tax evasion as a way out. It must be understood that while tax evasion might appear as lucrative way out for a short term, it is definitely not the solution. Professional guidance from credible and reliable tax solution firms can come to the rescue at the critical point. These solution providers not only help in filing tax returns on time but also deal with wage garnishment and bank levy which IRS can resort to as means to bring the unpaid tax backlog to the defaulter’s attention.
How to Settle 941 Payroll Taxes: employment tax settlement – Summons form 6637 from an IRS RO Revenue Officer
Many times we come across news that a certain Company has filed for bankruptcy or has shut down or has downsized its staff. One of the most probable reasons is the failure to pay or settle unpaid payroll taxes known as employment taxes or 941 taxes. The very words ‘payroll taxes’ have made many organizations grovel on their knees.
Have you received a Summons form 6637 from an IRS RO Revenue Officer? Do not delay your matter anymore, you have the right to be represented by a power of attorney, do not speak to the RO, kindly request their business card and inform them that a representative will contact them shortly.
For 941 payroll tax immediate help call us at 877-788-2937.
Offer in Compromise: how to settle IRS debt
Offer in Compromise
Often we feel a strange sense of desperation creeping in to our body, mind and soul that turns into a full scale panic attack. The reason…tax debts. It is not an uncommon fact; you are one of the millions of people each year who find that they owe taxes to the IRS. Tax professionals when asked for advice suggest “Offer-in-Compromise” as one of the ways to get relief from the taxes that one owes to the IRS.
HOW TO GET TAX DEBT RELIEF
HOW TO GET TAX DEBT RELIEF
One of the most inevitable and obligatory duty and yet most disliked one, of the American citizens is paying taxes. Even though it is disliked by many, refusal and negligence in doing so can be held accountable; in the harshest manner. Taxes are unavoidable. Period. They have to be paid. Turning a blind eye to pay taxes and filing income tax returns, is why the problem of taxes arises. If such problem arises, running from pillar to post will not help you. You will need a solid professional help in tackling tax debts. It is then people will most likely need a tax debt relief.
DIDN’T FILE BACK TAX RETURNS? DO IT NOW!
DIDN’T FILE BACK TAX RETURNS? DO IT NOW
Facing the back tax returns can sometimes overwhelm people. Many taxpayers, be it individuals and businesses, balk at the word ‘back tax returns’ because they owe Uncle Sam which quickly escalates as interest and penalties are assessed. Many taxpayers, be it individuals and businesses live in constant fear assuming the worst (most of the time in a dramatic way). Most of the time they just wait for the ‘back tax returns tsunami’ take over them or thinking that these problems will just go away. But that is not so. Tax problems do not just go away. These problems have to be faced head on because you never know that the problems you are tackling might just be an imagination or even worse bring you face to face with the dreaded IRS. Let’s just look at the pointers below to have a basic idea about what back tax returns are, what happens when you face them and so on.
