Tax Relief Blog

Unfiled Tax Returns – Get It Done

November 23, 2016 | Mike Habib, EA

Did you know that every year many taxpayers’ individuals and businesses face the gavel just because they haven’t filed their taxes? Though you may plead not guilty, the IRS doesn’t think so. In its eyes every person who hasn’t filed their taxes is an offender even though the perspective is different from the person’s view. It isn’t uncommon that every year millions of individuals and businesses taxpayers fail to file their tax returns. Sometimes it’s due to ignorance, sometimes not enough information, sometimes to escape it. It doesn’t matter what the situation is, individuals and businesses are being heavily penalized just because of their unfiled tax returns.

Get a free evaluation of your case at 877-788-2937.

2016 Year-end tax planning letter

October 28, 2016 | Mike Habib, EA

Dear Client:

As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Factors that compound the planning challenge this year include political and economic uncertainty, and Congress’s all too familiar failure to act on a number of important tax breaks that will expire at the end of 2016.

IRS tax levy – how to stop wage garnishments and bank levies

August 3, 2016 | Mike Habib, EA

An IRS levy permits the legal seizure of your property to satisfy an unpaid tax debt. The IRS can garnish wages, take money from your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property.

If you receive an IRS notice titled Final Notice of Intent to Levy and Notice of Your Right to A Hearing, contact us right away at 877-788-2937 to resolve your back taxes and get the levy released.

Offer in Compromise – OIC tax settlement

June 2, 2016 | Mike Habib, EA

Dealing with tax debt is stressful, especially because of the aggressive methods IRS tends to employ for collecting the taxes owed to the government.

These range from assessing multiple penalties on late payments, levying your bank accounts, garnishing your wages and sending an IRS Revenue Officer to padlock your business, to forcing your employer to sign into wage garnishments and deducting a sizable percentage of your pay the IRS.

If you can not pay your back tax debt, you should consider an OIC offer in compromise settlement, the IRS has an OIC calculator to help you see if you qualify.

TFRP Trust fund recovery penalty – Employment and payroll tax

May 18, 2016 | Mike Habib, EA

Employment Taxes and the Trust Fund Recovery Penalty (TFRP).

Notice 784, Could You be Personally Liable for Certain Unpaid Federal Taxes?

IRS has updated its webpage guidance on the trust fund recovery penalty and who IRS can reach to pay it. The guidance is a reminder for all potential “responsible persons” to make sure that timely payment of employment taxes is given the highest priority at any profit or nonprofit enterprise.

Cannabis: Marijuana Businesses’ Offer In Compromise

May 8, 2016 | Mike Habib, EA

IRS Small Business/Self-Employed Division memorandum, Calculation of Reasonable Collection Potential in Certain Offers in Compromise Cases (Apr. 28, 2016)

IRS’s Small Business/Self-Employed Division (SB/SE) has instructed its Collection employees not to reject offers in compromise (OICs) by persons in the Cannabis / marijuana business, in states where marijuana sales are legal, merely on public policy grounds.

Offer in Compromise— OICs. Code Sec. 7122(a) authorizes IRS to compromise a taxpayer’s income tax liability. Code Sec. 7122(d)(1) gives IRS wide discretion to accept compromise offers and to prescribe guidelines “to determine whether an offer-in-compromise is adequate and should be accepted.” IRS will consider an OIC where: (1) the taxpayer is unable to pay the tax; (2) there is doubt as to the taxpayer’s liability for the tax; or (3) a compromise would promote effective tax administration because collection of the full amount of tax would cause economic hardship for the taxpayer, or compelling public policy or equity considerations provide a sufficient basis for compromising the liability. (Reg. § 301.7122-1(b)) There is doubt as to collectibility “in any case where the taxpayer’s assets and income are less than the full amount of the liability.” (Reg. § 301.7122-1(b)(2))

What to do if you receive a IRS tax lien notice? What are your options? IRS Fresh Start program helpline 1-877-788-2937

May 3, 2016 | Mike Habib, EA

Are you receiving calls, postcards and letters regarding your IRS tax lien? Are telemarketers bombarding you with telephone calls to settle your back tax debt?

BEWARE!! IRS Lien letter recipients!

Many of these solicitors you are not actually licensed to represent you before the IRS, they are not tax attorneys, nor CPAs, nor EAs.

See our popular “beware report” HERE.

Learn about the IRS fresh start initiative program below.

The IRS is actively and aggressively pursuing individual and business taxpayers with aggressive collection actions. IRS enforcement could be in the form of a tax lien, where the IRS files a lien at your county recorder’s office as a public record so the taxpayer cannot sell assets or property without paying their taxes, penalties and interest.

The IRS also enforces collection actions through tax levy and tax garnishment actions against the taxpayer paycheck and bank accounts. Taxpayers should avoid these enforcement actions by resolving their back tax matter with the IRS.

IRS Lien letter recipients: Get tax help today! IRS Fresh Start program helpline 877-788-2937. All 50 states.

Chicago, IL Tax Lawyer – Taxpayer Power of Attorney Audit and Back Taxes

April 22, 2016 | Mike Habib, EA

Chicago, IL Taxpayer Rights Power of Attorney – Representing individuals and businesses before the IRS

If you are facing a tax audit, IRS tax levy to back tax help to unfiled tax returns and more, the Chicago tax attorney is here for your need. The qualified tax lawyer can handle all legal matters related to taxes as well as assist businesses when it comes to properly filling out their tax forms. Here is a sampling of the services provided by the Chicago tax lawyer. Did you receive an IRS or state tax lien notice, letter, postcard or phone call?

Back Tax Help
Innocent Spouse Tax Relief
IRS Help
IRS Tax Audit Representation
Tax Debt Settlement
Tax Negotiations & Resolution
IRS tax levy and lien release Help
Penalty Abatement
941 Payroll Tax Problem Help & More

Get reliable IRS representation, call 877-788-2937.

Phoenix, AZ Tax Lawyer – Taxpayer Power of Attorney IRS Audit and Back taxes

April 10, 2016 | Mike Habib, EA

Phoenix, AZ Taxpayer Rights Power of Attorney – Representing individuals and businesses before the IRS

For those living in the greater Phoenix, AZ area, finding the right tax attorney serving Phoenix can mean all the difference when it comes to individuals and business owners. The tax lawyer is available to take on cases that range from the proper filling out of forms to representation in tax court when facing the IRS. In addition, the Phoenix tax attorney offers the following services;

Back Tax Help
Innocent Spouse Tax Relief
IRS Help
IRS Tax Audit Representation
Tax Debt Settlement
Tax Negotiations & Resolution
Payroll 941 Tax Problem Help
Unfiled Tax Returns
Wage Garnishment Release & More

Did you receive an IRS or state tax lien notice, letter, postcard or phone call?

Get reliable IRS tax representation in Phoenix, please contact 877-788-2937 today.

Las Vegas, NV Tax Lawyer – Taxpayer Power of Attorney IRS Audits and Back Taxes

April 2, 2016 | Mike Habib, EA

Las Vegas, NV Taxpayer Rights Power of Attorney – Representing individuals and businesses before the IRS

If you live in Las Vegas, NV, then finding the right tax attorney can be crucial if you are facing tax issues. From filing your business tax returns to getting proper representation for an IRS tax problem, a qualified tax lawyer is a very valuable resource. A Las Vegas tax attorney will offer the aforementioned services as well as the following;

Back Tax Help
Innocent Spouse Tax Relief
IRS Help
IRS Tax Audit Representation
Tax Debt Settlement
Tax Negotiations & Resolution
Payroll 941 Tax Problem Help
Unfiled Tax Returns
Wage Garnishment Release & More

Did you receive an IRS or state tax lien notice, letter, postcard or phone call?

Get expert tax representation today by calling Mike Habib at 877-788-2937.