Our Suite of Tax Services are best described as helping to resolve the pieces of a larger tax compliance “puzzle.” We know the steps that need to be taken. The following modules best describe our services:
Tax Return Prep
Whether you are an individual or small business, we have the experience to provide professional and beneficial tax return prep services, for a very low cost. We specialize in small business and complex personal returns. No gimmicks. At this time, we do not offer advance refunds, as this would increase our costs to our clients.
Offers in Compromise
The Internal Revenue Services has very strict guidelines for reducing tax liabilities. Taxpayers must go through a process called an Offer in Compromise. The Offer in Compromise is accepted in three conditions:
1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include: (1) the examiner made a mistake interpreting the law, (2) the examiner failed to consider the taxpayer’s evidence or (3) the taxpayer has new evidence.
3. Effective Tax Administration – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Some clients may qualify to have the penalties, and the interest on the penalties, removed from the original tax debt. If there were circumstances beyond your control that prevented you from paying your tax debt and led to delinquency, we can challenge the penalties and interest that have built up and negotiate them down. Relief from penalties falls into four separate categories. They are:
Reasonable Cause – Mistake made by the taxpayer, ignorance of law, death, serious illness, unavoidable absence.
Statutory Exceptions – Simple or complex legislative tax code changes.
Administrative Waivers – Undue hardship, fire, flood, natural disaster, bad legal or tax advice.
Correction of Service Error – Mistake made by the IRS.
Levy & Wage Garnishment
A levy is a legal seizure of your property to satisfy a tax debt. If you do not pay your taxes or make arrangements to settle your debt the I.R.S. may seize or sell any type of real estate or personal property that you own or have an interest in. They are legally allowed to levy bank accounts, garnish wages, obtain accounts receivables, take control of property for auction and assume title on vehicles. We can help try and stop this process and relieve you from these harsh collection tactics. We can help to have the garnishments lifted and the actions reverted, sometimes in as few as 10 business days.
If the I.R.S. has pressured you into an overbearing payment plan or is ready to levy your wages, bank accounts or other assets, we can help to get you affordable payments you can live with.
We can negotiate with the I.R.S. and file an offer to decrease your business taxes and your 941-tax liability.
Most States are more aggressive in collection processes than the Federal Government. Do not be afraid. We will help you to negotiate a settlement with your State and use the same techniques that apply with the I.R.S..
Delinquent Sales Taxes
We will help to protect you and keep your business open. In some cases we can reduce your total tax debt to a reasonable and compromising amount.
We can help release you from any tax liabilities incurred during marriage. We can help to prove the obligation of the tax liability is attributable to your spouse and that you had no reason to know of the understatement.
Why wait, call us TODAY for a FREE consultation by one of our personal tax professionals. We will plan and map out the best solutions for your circumstances. Help is just a phone call away. Call us toll free at (877)-833-1122
Check out some CLIENT STORIES here!