We represent individuals and small businesses in IRS tax disputes involving matters relating to delinquent taxes, collection actions, audits, penalty abatement and tax appeals.
The IRS is the most powerful creditor on the planet! When you have unsettled tax liabilities, the IRS has the ability to freeze your bank account, seize assets, garnish wages, and receive your receivables from third parties. In most cases, you don't want to deal with the matter without a tax representative by your side. Therefore, if you or your business are under examination by the IRS, you need an experienced and licensed tax professional to represent you and your business at the audit meeting and in any future dealings with the IRS.
Most likely you do not want your good friend, relative, coworker, or your secretary appearing as your tax representative at an IRS audit, and with good cause, if they're not experienced and properly trained. The best person to represent your business in tax matters is an Enrolled Agent. Enrolled agent is an individual who is authorized by the federal government to represent taxpayers in audits, appeals, and collection matters. Enrolled agents aren't like many run-of-the-mill CPAs - they specialize in taxation and the IRS grants them certain unlimited rights because they have either passed an IRS examination or they have worked for the IRS for at least five years in a role that involves interpreting and enforcing the tax code.
If qualified, you can settle your debt with the Internal Revenue Service for just pennies on the dollar with an Offer in Compromise Program. The IRS allows taxpayers to settle the debt with the IRS on tax debt that has been incorrectly assessed or for other liabilities that they cannot afford to pay.
If you don't qualify for the Offer in Compromise Program, then a payment plan may be o good option to resolve your tax debt issues. IRS payment plans can be implemented so long as a tax debt is fully paid within a six year period.
Innocent spouse relief was designed to address the situations in which one spouse is the victim of fraud perpetrated by the other spouse. If your tax refund was taken by the Internal Revenue Service (IRS) to pay for your spouse's past-due obligations, you may be eligible for innocent spouse relief.
The IRS can place a levy on your income that will garnish your wages on a continuous basis. This means that a wage garnishment from the IRS will take money from your current paycheck and will also apply this procedure to future paychecks. Money will be taken from your payroll until your tax debt is satisfied in full or until the levy is lifted.
File all tax returns that are due, regardless of whether or not you can pay in full. File your past due return the same way and to the same location where you would file an on-time return. You risk losing your refund if you don't file your return. If you are due a refund for withholding or estimated taxes, you must file your return to claim it within 3 years of the return due date. The same rule applies to a right to claim tax credits such as the Earned Income Credit.
You risk losing your refund if you don't file your return. If you are due a refund for withholding or estimated taxes, you must file your return to claim it within 3 years of the return due date. The same rule applies to a right to claim tax credits such as the Earned Income Credit.