Do You Owe Back Taxes? Did The IRS Place and Lien on Your Property? Taxpayers Have Rights!
Do You Owe More in Back Taxes Than You Can Afford to Pay?
Take the Easy 10 Step Quiz to See If You Qualify!
If you have a big tax bill that you can’t pay, life can seem pretty bleak.
Don’t ignore the problem. The IRS will not.
“I Have Unfiled Tax Returns and Cannot Locate W2s from Years Past.”
No Problem! We can get that information from the IRS and get those unfiled taxes prepared and filed!
“Can I Cut A Deal and Pay Less?”
YES. The IRS offers tax liability reduction (Fresh Start) plans to reduce your taxes owed and end the collections once and for all!
“Can I Get Liens off My Record?”
YES. Are You Trying to Refi Your Mortgage, but cannot because you have a Federal Tax Lien? There are Ways to Get the Refi done without Paying the IRS taxes in full. We Can Help!
“Do I Have To Meet or Speak With The IRS?”
No. WE REPRESENT YOU. We file all of the forms, speak to the IRS on your behalf, stop the collections, and get the resolution you deserve!
Even if you can’t pay what you owe, file your return on time or, if that’s not possible, file for an extension. The late filing penalty is 5 percent of the tax owed per month up to a maximum of 25 percent of the balance. There is also an underpayment penalty of 0.5 percent to 1 percent per month of the balance owed, also up to 25 percent. If you don’t file your return or make any payment on your obligation, your tax debt will grow rapidly.
Offer In Compromise
If you cannot realistically pay off your taxes, the IRS may consider accepting an offer in compromise (OIC). An offer in compromise allows a taxpayer to settle the tax liability for less than what they owe, with the settlement amount determined on the basis of what they can actually afford to pay.
THE DISADVANTAGES of a taxpayer representing themselves are many:
1. The taxpayer does not have the professional’s expertise or know what the options are or how to get the lowest settlement allowed by law.
2. 3 out of 5 Offers In Compromise (OIC’s) submitted by the taxpayer are rejected by the IRS.
3. Many taxpayer-negotiated OICs offer the IRS much more than is required by law.
4. The taxpayer may be too frightened, frustrated or intimidated by the IRS to effectively or comfortably to negotiate a settlement.
5. The taxpayer may slip up and inadvertently make statements that can make the problem worse- perhaps triggering an audit or even criminal prosecution.
6. Professionals know where to draw the line. The taxpayer may make statements that can create tax liability for their spouse or business associate.
7. The taxpayer takes valuable time away from their work and family to wrestle with their own case.
Taxpayers Have Rights! See The Complete Declaration of Taxpayer Rights!
Federal Tax Lien
All federal tax liens are released upon IRS acceptance of an Offer in Compromise and payment of the amount offered. If you qualify for the Offer in Compromise program you can save thousands of dollars in taxes, penalties and interest.
WHAT IF a taxpayer miscalculates the Offer In Compromise or does not offer an amount equal to his/her reasonable collection potential?
• This will result in processing delays and could be grounds for the IRS ultimate decision to reject an Offer In Compromise. The IRS reviews Offers In Compromise for fraudulent intent. Submitting an Offer In Compromise with false information, or making a false statement to an IRS employee, is considered an indicator of fraud and may subject the taxpayer to civil or criminal penalties.
CONTACT US TODAY AND YOUR TAX PROBLEMS WILL GO AWAY!