Personalized Tax Compliance & Strategy
Expert Strategies to Stay Compliant and Reduce Penalties
We are here to help you solve your tax solutions and put an end to the stress that the IRS can put you through. We pride ourselves on efficient, affordable, and discreet tax services. The IRS problems will not just go away on their own. They keep getting worse with penalties being added each day. It may take the IRS several years to catch up to you, but they’re relentless and have no mercy. Here is an overview of things we offer assistance with:
- Haven’t filed your tax returns for years?
- Do you need Back Taxes Preparation?
- Do you have Payroll Tax Problems?
- Has the IRS placed tax Liens on your home?
- Is the IRS threatening your bank account?
- Is the IRS threatening to levie your personal property?
- Is the IRS threatening to take your paycheck, 401(k), and other retirement accounts (Wage Garnishments)?
Common Tax Situations We Handle
- Prior year tax returns that need filing
- Unpaid balances with the IRS or state agencies
- Requests for payment arrangements through official IRS programs
- Business payroll tax compliance and reporting
- Responses to tax agency inquiries or examinations
- Need more time to pay? Set up a Payment Plan.
- Like to get out of IRS caused by misdeeds committed by your spouse? Innocent Spouse Relief is available.
IRS Wage Garnishment
You received a notice of Intent to Levy 30 days ago and forgot or ignored it. Now it’s Payday. Expecting a check, you open the envelope and find that the IRS has taken most of your money. What’s left is not enough to pay the rent, make your car payment, buy groceries, or pay the rest of your bills. If you have unpaid taxes and the IRS fails to get a response, they may implement a wage levy and garnish your wages to get their money. This means they can take a significant portion of each paycheck you earn, and they don’t need a court order to do so. This action will continue on every check due to you until the tax is paid in full. Now you’re in big financial trouble. No matter how hard you plead with your employer, they cannot give you your money. Because once a wage garnishment is filed with your employer, your employer is required by law to collect a large percentage of each of your paychecks.
You Have Options. Let us help!
- Penalty Abatement. A request for penalty abatement can partially abrogate a taxpayer’s liability for reasons such as IRS error or delay, erroneous written advice by the IRS, or reasonable cause.
- Innocent Spouse Relief. This is a relief method for one spouse of a joint return who is assessed additional tax based on the erroneous filing by the other spouse. There is much more detail that is involved, but generally, the “innocent” spouse must not have known of the understatement of tax by the other spouse, and it would be inequitable to hold the innocent spouse responsible.
- Currently Not Collectible. Also called a temporary delay for hardship, being placed in currently not collectible status is only a temporary solution and is only for taxpayers whose expenses exceed their income. It is not a long-term answer to relieving back taxes.
Our team takes a structured, step-by-step approach to resolve tax-related matters:
1. Review Your Situation
We gather your financial records and past filings to understand exactly what is needed.
2. Develop a Compliance Plan
We outline the most effective filing and payment options available under IRS guidelines.
3. Communicate with Tax Agencies
We handle correspondence and representation so you can focus on running your business.
4. Implement Ongoing Support
We provide ongoing bookkeeping, payroll, and tax planning to help you avoid future problems.
Official Settlement Options
Did you know you can resolve your debt with the IRS with Official Settlement Options? Fresh Start expanded and streamlined the OIC program. The IRS now has more flexibility when analyzing a taxpayer’s ability to pay. This makes the offer program available to a larger group of taxpayers. Our experienced Tax Specialists can help you determine if you might qualify for IRS resolution options or if a tax payment plan would be the better route for you.
IRS Payment Plan
If you cannot pay all tax currently due an IRS installment agreement may be your next best option. A taxpayer agrees to make regular monthly payments to the IRS until the balance is paid in full when they agree to an Installment Agreement (Payment Plan). The IRS calculates the amount of the monthly payment for each person based on the taxpayer’s income, allowable monthly expenses, and the time remaining in their Statute of Limitations. The IRS makes various Installment Agreement programs available to taxpayers, such as:
- Streamlined Installment Agreement
- Fresh Start Streamlined Installment Agreement
- Partial Payment Installment Agreement
- Tiered Installment Agreement
The IRS cannot levy against your property (1) while your request for a Payment Agreement is under consideration, (2) while your agreement is in effect, (3) for 30 days after your request for an agreement has been rejected, or (4) for any period while an appeal of the rejection is being evaluated by the IRS. Once the Payment Plan is in place, the IRS Collection Division will not bother you, as long as you are current in your tax filing and a e compliamt.
Innocent Spouse IRS Relief
You can be released for the Misdeeds of Your Spouse… If You Know What Steps to Take. Under certain circumstances, you may be relieved of any misdeeds of a spouse or former spouse involving income tax fraud. Under the current tax code, the IRS has the power to release a spouse from direct financial liability for unpaid taxes. This release from responsibility for having to pay tax debts of the other spouse (or estranged spouse) is called innocent spouse relief. The IRS understands that there are some unique situations in which a spouse cannot be held responsible for mistakes solely attributable to the other spouse. To ensure yourself the best possible outcome, it is best to take action as soon as you realize there is a problem. You must request innocent spouse relief or separation of liability relief no later than 2 years after the date the IRS first attempted to collect the tax from you. For equitable relief, you must request relief during the time the IRS has to collect the tax from you. If you are looking for a refund of tax you paid, then your request must be made within the time period for seeking a refund, which is generally three years after the date the return is filed or two years following the payment of the tax, whichever is later. We can review your situation and help you determine your options and file for Innocent Spouse Relief when necessary.
Payroll Tax
The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes is your employees’ withholdings. Not paying your company’s payroll taxes is equivalent to stealing your employees’ money in the eyes of the IRS. If the IRS even senses that you are trying to avoid taxes by failing to pay payroll taxes, not only will the IRS impose expensive penalties and interest fees, but you could also be charged with a federal crime. Unpaid payroll taxes, therefore, could cause a business owner to lose his or her freedom and could completely close down a business. This means it should be an employer’s primary responsibility to collect federal taxes and the employee portion of Federal Insurance Contributions Act tax and pass this money on to the IRS. Because it is considered a trust tax, the IRS views non-payment of payroll taxes as theft, and the IRS notice process will be accelerated. As a result, penalties for failing to pay your payroll taxes and filing your payroll tax returns on time are much more severe than other types of penalties. . The IRS is extremely aggressive in pursuing collections of this type of tax. They would rather seize your business assets, close you down, sell your assets at auction, and put you out of business than allow you to continue amassing additional payroll tax liabilities. If payroll taxes are due to the IRS, the agency can come after your business assets and personal assets. A Trust Fund Recovery Penalty (TFRP) is a civil penalty assessed by the IRS against a party, or parties, deemed responsible and willful for not turning over certain employment (payroll) taxes to the government in the form of payroll tax deposits. These taxes are commonly known as trust fund taxes, because employers are required to hold the taxes “in trust” until they are turned over to the IRS. The total unpaid trust fund taxes of a corporation or LLC can be converted to a TFRP against one or more parties (usually the business owners). At this time, a business tax liability becomes a personal tax liability of the responsible party. After this occurs, the IRS will begin the collection process against the individual taxpayer. If you are behind on payroll taxes, you should get the help of a professional who understands tax law and the way the IRS operates. The way you handle your initial contact with the IRS can make or break your chances of staying in business. DO NOT meet with the IRS on your own. How you answer their initial questions can determine whether you stay in business or not. It is critical you hire a professional representative who knows how the IRS operates. If you have payroll tax problems, there are solutions available to you! We have helped business ownersstay compliant with theirIRS requirements and protect their businesses. We know how important your business is to your income and your livelihood. Creating a solution for your payroll tax problem shouldn’t just be about helping you avoid the IRS; it should be about saving your company from being seized. Most importantly, it’s about safeguarding your freedom. We help our clients by assessing their current situation and helping them find answers that will best preserve their ability to stay in business. If you are delinquent on payroll taxes, contact us today!