When the IRS puts a lien on your assets, it is the equivalent of a public statement that you owe money to the United States government. The IRS may institute liens on your property once they have done the following: determined that you own unpaid taxes, notified you, and failed to receive payment from you. After these three events have taken place, you’ll receive a notice in the mail informing you that the IRS has put a lien on your property.read more
If you owe back taxes to the IRS, you may be able to settle the tax debt for less money with an offer in compromise. The IRS Offer in Compromise may be just the right IRS tax resolution you need. It is an out of court agreement between the IRS and the taxpayer that negotiates a resolution to the taxpayer’s liability, while placing collection efforts on hold. The Internal Revenue Service has the authority to settle or compromise federal tax liabilities by accepting less than full payment under certain circumstances.read more
Ignoring your taxes can lead to the IRS addressing them for you, in ways you might not appreciate. Enforced collection of taxes often takes the form of an IRS wage garnishment. The IRS can decide how much of your monthly income it needs to pay off your debt, and then begin taking a percentage of your paycheck.read more
Has the IRS filed a levy with your bank, leaving you unable to pay your bills, your rent or mortgage, your car payment or to feed your family? Contact us now, we only have 21 days to stop the levy with a Bank Levy Release. We can stop bank levies, but we must begin quickly.read more
Are you one of the 30 million individuals and or business to receive a penalty on top of what you owe to the IRS?
What is penalty abatement?
Penalty abatement is a tax problem resolution that lessens the degree or fully eliminates IRS penalties. Penalties from the IRS can range from civil fines to imprisonment and can be more than 25 percent of the total owed to the IRS.
Have you received notices from the IRS informing you that they have not received your 940 or 941 payroll items?
Have you been unable to pay your payroll taxes or are you making payments on old taxes?
Didn’t file your payroll returns because you couldn’t afford to pay the taxes due?read more
Repercussions of delinquent tax returns can pop up years later, even when you’ve forgotten about them. Failure to file one year can cause the IRS to keep a refund you are owed for the next year as well! Other consequences are much more serious. Don’t wait for the IRS to contact you, and don’t let the IRS prepare a return for you, it’s not in your best interest.read more
If you have received a notice from the IRS questioning or disallowing certain deductions, do not ignore it, don’t panic, talk to the auditor only enough to refer him/her to your tax professional, and get organized. Without the appropriate response, the IRS will change your returns and assess a new liability along with additional penalties and interest. Ignoring the notice will also waive your future rights.read more