Who has the money to pay taxes that aren’t even due? Tax preparers make mistakes. They transpose numbers. They misinterpret tax rules. They take too conservative a stance. They double count some income or forget to include some deductions. Even the IRS makes mistakes.
SOLUTION: We have the skills to quickly review your filed returns to determine whether they were prepared correctly. We’ll file the correct forms and get your taxes, penalties and interest removed. In rare cases, the statute of limitations has run out, but the IRS is not likely to tell you.
There are severe penalties for unfiled tax returns and there’s even a chance the IRS will consider this tax evasion.
SOLUTION: We have the resources to file your unfiled tax returns quickly and accurately. Our tax professionals can usually get failure-to-file penalties removed too.
The IRS has a myriad of penalties they can impose when you are late paying your taxes or late filing your tax returns or made a large mistake on your tax return. The clock is always ticking.
SOLUTION: We know how to get penalties abated. No one can guarantee that they can get every IRS penalty removed, but based upon your particular situation there’s always an approach we can use to try to get them removed.
Maybe your financial situation has changed dramatically since you incurred the tax obligation. Maybe you have overwhelming medical or personal obligations. Maybe you need a little breathing room.
SOLUTION: A short-term solution is a Currently-Not-Collectable status. This will suspend all collection activity. You’ll still be incurring interest, but at least the IRS has to back off for at least 12 months. A permanent solution is an Offer-in-Compromise (OIC). An OIC allows the taxpayer to settle their tax debt for cents on the dollar. We are experienced in both tools and can tailor our approach to the one that saves you the most time and money.
Liens and levies are the big stick the IRS wields to latch on to your assets to insure that your overdue taxes are paid indirectly. Liens on your property appear on your credit report destroying your ability to borrow money or selling your home. A levy allows the IRS to take the money directly out of your bank or retirement account.
SOLUTION: Things have gone from bad to worse by the time this happens. You need representation that can coolly assess the situation and get these liens and levies discharged or temporarily lifted. When the taxpayer simply can’t pay and the IRS clamps down is the time you need a creative, experienced mind that can find a solution. There is no play book for this problem. Solutions only come from experience. We have 30 years in tax resolution work.
This a serious problem. These are know as fiduciary taxes, that is, the IRS holds not only the company liable for paying the taxes but any business owner or officer of the company personally liable as well. The penalties are very stiff and unyielding as the IRS will pursue everything (company assets) and everybody (company decision-makers) to get these taxes paid.
SOLUTION: Professional representation gives you the best chance to protect you and your company’s assets.
When you sign a joint tax return, the IRS holds you both liable for any taxes due. This is a harsh penalty for the spouse that signed the tax return with little understanding of what the other spouse had done. This is sadly not uncommon, especially when confronting a divorce situation.
SOLUTION: The burden for the separation of tax obligation falls squarely on the so-called innocent spouse. There are strict time limits for filing for relief and the forms for doing so are incredibly invasive. The IRS wants a good reason to excuse you from this debt and you’d better be prepared to give them potentially embarrassing details of your domestic situation. A patient, non-judgmental tax professional is your best chance to get tax relief from the actions of your irresponsible spouse.