Do you owe 941 employment and payroll back taxes?
The answer is:
Yes the IRS take a lien out on property for payroll taxes.
Under IRC §6321, the federal government can encumber property with a general tax lien. Generally, this lien can be used to encumber any property that the taxpayer owns (this is generally determined under state law). A tax lien will be imposed on a taxpayer when he neglects or fails to pay taxes after demand by the government.
If you are contacted by the IRS, they usually send you a notice to call, or pay an unpaid tax amount. Most taxpayers are confused as to what the notice is for, or what does it really mean.
This article will clarify the most common notices received by taxpayers needing back tax help.
Some of the Individual CP notices the IRS sends are:
• CP09, Earned Income Credit You May Be Entitled To From IRS: Informs the recipient that, based on information reported on the tax return, he or she may qualify to take the Earned Income Credit.
• CP10, Changes to Tax Return, Reduced Amount Applied to Next Year’s Estimated Tax:Informs the recipient of one or more changes made to his or her individual income tax return. The changes resulted in a reduced amount being applied to the following year’s estimated tax.
Call us today at 877-788-2937 for a brief consultation.
Do you owe the IRS unpaid back taxes? Have they sent you many letters but you did not respond?
There are still options.
CDP – Collection due process.
If the time to respond to an IRS collection notice has passed, you, the taxpayer, or your power of attorney / representative, may file a request for an equivalent hearing if you failed to make a timely request for a Collection Due Process (CDP) hearing (after receiving a Notice and Opportunity for Hearing upon Filing of Notice of a Federal Tax Lien or a Notice and Opportunity for Hearing Prior to Levy). The equivalent hearing will be held by the Appeals Office and will follow the procedures that are used for CDP hearings.
Get professional IRS representation. Our firm represents taxpayers before all administrative levels of the IRS.
Please call us at 562-204-6700 or email us to schedule an appointment.
No one really wants to get themselves into the situation of owing back taxes. Unfortunately, it happens; and it happens most often when people are going through a difficult time including facing unemployment, life and relationship changes, and even medical problems. The present state of the economy certainly isn’t making it easier. However, the Internal Revenue Service recently launched the Fresh Start program to give taxpayers relief – if they are willing to get compliant by filing all of their taxes, and work with the agency to resolve their back tax debt to the extent they are able.
Get back tax help now by calling us at 877-788-2937.
If 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.
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
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.
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’.
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.
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.
Tax Relief Blog