Showing posts with label ​File all of your tax returns. Show all posts
Showing posts with label ​File all of your tax returns. Show all posts

Wednesday, July 22, 2020

IRS Payroll Tax Debt

Filing Prior Years IRS Tax Returns

IRS Tax Debt



Our tax resolution firms believe that it is in the best interest of the consumer to file all of their past due tax returns, regardless of ability to pay. The economic consequences of unfiled tax returns are severe there is a maximum 25% late filing penalty that can be applied to the tax. Combined with accruing interest, this late filing penalty can add up to almost 50% of the original liability in many cases. Our tax specialists will work with you to prepare and file all of your unfiled returns, even if you no longer have the original records from the filing years.



IRS Tax Debt



True Tax Returns Filed Over IRS Substitute Returns

Most people do not know that if you do not file a tax return the IRS will file it for you. When the IRS files the tax return for you they do not take into account any of your standard deductions such as mortgage interest, spouse, children etc.. When our clients see this huge tax bill most of them just freeze not knowing that there are options. If it your right as a citizen to file a true tax return over the substitute return the IRS did for you.Once the IRS receives your true returns they will void the ones they did for you. The IRS will zero out the debt and recalculate the debt and penalties and interest based on your true debt.



 Get IRS Tax Relief Now



Abatement of IRS Tax Penalties and Interest
Abatement of a tax liability means to reduce or change a tax, penalty, or interest. Most frequently, abatement refers to eliminating an assessed tax liability and adjustment references reducing or altering an assessed tax liability.


Penalties and interest average 30-40% of the overall tax debt so successful elimination of these is a high priority with your personal tax resolution plan. If there is a reasonable cause for abatement or adjustment, the IRS may be willing to review the penalties which created a tax liability.


    Our tax resolution firms pursue IRS tax abatement on penalties and interest for you, after all of your tax returns from all years have been filed and a monthly IRS payment has been established or renegotiated for you.


   Get IRS Tax Relief Now


IRS Tax Debt


When business owners are unable to meet their IRS payroll tax obligations, a trust fund tax liability is created. The IRS is aggressive in enforcement of trust fund taxes, and does not allow trust fund tax to be discharged in a bankruptcy, no matter how old the tax liability. This means that if you owe delinquent payroll tax, you must address the liability and let our tax experts find a solution for you.


The IRS reports that approximately 2 million businesses owe almost $50 billion in payroll tax. The IRS is increasing its enforcement actions, so the probability of facing a lien, levy or other action is increasing very significantly. To determine if you may have a trust fund tax liability there are two primary determinations:


IRS Tax Debt

1.) Whether you are responsible for collecting or paying withheld income and employment taxes. There are two main methods used to appeal IRS collection actions. The first is a CDP appeal and the second is a CAP appeal. A CDP Appeal must be filed within 30 days of a final notice of intent to levy. This allows a senior technical advisor within the IRS to review the case. This means it is being taken from the collection division of the IRS, who are far more aggressive concerning these matters. In most instances, you will receive much better results filing a CDP Appeal.

2.) Whether you "willfully failed" to collect or perform your obligations. Typically, the IRS has the right to take enforcement action against anyone who meets these determinant tests, even if they were not an officer or employee of the corporation which originally collected the payroll taxes.




Monday, July 20, 2020

Tax debt relief

Tax debt relief

Tax debt relief is opted for by people who have somehow failed to file their returns, which in result have made them liable to pay a repayment of back taxes. Call 855-913-0249 for free tax consultation. This is no doubt a severe and frightening state of affairs. 


Tax debt relief

This may occur due to various reasons. It might be an emergency such as individual or family illness, death in a family, change in economic condition, and lack of budgeting or lavish lifestyle. In these situations failure to pay the money or underpayment are the two most common things to happen. Call 855-913-0249 for free tax consultation. And if this thing really occurs one should fix it as early as possible that is because some forms of non-payment are liable to be punished by imprisonment for every year of taxes that has not been paid.




Tax debt relief

Tax debt relief is the best solution that one can go for if he or she has failed to pay the taxes in time. There are several tax debt relief agencies that offers tax settlement plans so that their clients may come out of their debt quickly. They have specialized professionals who work round the clock to help out their clients. Government also on the other hand has many provisions for the people who have their taxes due. Call 855-913-0249 for free tax consultation.  An underpayment is easier to pay back than the person who has just refused to pay the money. With the help of a professional mediator one can reduce his or her payable amount to a smaller fee, which will enable the government to get back a portion of the money that is owed.


Tax debt relief


Tax debt relief may often call for legal proceeding that is why a proficient lawyer who is qualified in this field is indispensable. The professional attorney can help to get the relief without imprisonment. 

Call 855-913-0249 for free tax consultation.


Whatever the reasons be, taxes due are always offensive in the eyes of law. The tax collectors in the first hand send legal notifications which if not answered leads to the prosecution and the professionals best handle these situations.

Tax debt relief


Conditions that lead to inescapable delinquency are always unacceptable but not beyond negotiation which can be done with the help of a professional tax debt relief help. A proper Tax debt relief program provides quite a few pertinent assistance such as embellished salary, bank charges, bankruptcy among other circumstances. A responsible citizen should never ignore to pay tax. Even if he or she failed in first position, a solution should be tried to find out and the amount should be paid back. 

Tax debt relief


The person who has failed to pay his or her tax for the first time shall also have to plan certain things for future so that it might not happen again. A tax debt relief might work first time but it should be kept in mind that government is always willing to help people but those who commit the same mistakes again and again shall be considered irresponsible and be put on trial. That is why it is always advised to have a certified help plan for the future payments.

Friday, July 17, 2020

IRS DEBT Problems Call 855-913-0249 for free tax consultation.

IRS DEBT Problems

IRS DEBT Problems

Call 855-913-0249 for free tax consultation. 

  • Resolve Tax Liabilities

  • Release IRS Lien

  • End IRS Wage Garnishment

  • Payroll Taxes
  • IRS Audit
IRS DEBT Problems

Call 855-913-0249 for free tax consultation. 


    Resolve Tax Liabilities: It is very common for taxpayers to owe tax liabilities to the IRS. It can be a very frightening time but if you have a professional on your side there is hope. Almost everything is negotiable with the IRS and if you have our specialists on your side you will be in a much stronger position against them. Our tax experts will carefully review your case and work for you to reduce or remove your tax liability. 


    IRS DEBT Problems


    Call 855-913-0249 for free tax consultation. 


    Release an IRS Lien If you have unpaid taxes the IRS is able to file a Federal Tax Lien. A Federal Tax Lien has priority on all of your real property and personal property and gives the IRS the right to seize and sell such property. The IRS will release a Federal Tax Lien only when it is fully satisfied. 
    The good news is that a Federal Tax Lien can also be withdrawn if certain conditions apply. Our tax experts are very well versed in all the nuances of the process and will be apply to ensure your lien is legitimate and that the IRS followed all of the mandated guidelines in filing your lien.


    IRS DEBT Problems

    End Wage Garnishment Now: The IRS has the ability to contact your employer and require them to send a portion of each of your paychecks directly to the IRS to offset taxes that you owe. 
    The IRS can and will garnish your paycheck until your tax liability is fully satisfied. At Tax Resolution Specialists we will work with the IRS to negotiate the full or partial release of the wage garnishment if you qualify for relief.


    IRS DEBT Problems


    IRS Payroll Taxes: If you are a business owner the IRS requires that you withhold Federal Income Tax, Social Security and Medicare taxes from your employees' wages. If you have not paid these taxes the IRS will aggressively go after you to collect. In addition, the IRS can assess penalties which can drastically increase the amount owed in a very short period of time. 
    This puts both you and your business at risk. If you owe IRS Payroll Taxes, Tax Resolution Specialists can help by creating a plan to resolve the debt and negotiating on your behalf with the IRS.

    IRS DEBT Problems


    IRS Audit: The most common IRS audits are letters requesting more information and supporting documentation from tax returns that have been filed.
     As a rule changes will need to be made to the return. Tax Resolutions Specialists are here with over 30 years of experience to assist you in any of these IRS issues and more.


    Call 855-913-0249 for free tax consultation. 


      IRS DEBT Problems



      Understanding Tax Resolution

      Tax

      Attention: Going Crazy Understanding And Filing Taxes? Make Sure You Read This Page Before Losing Out On Your Sanity…! 



      Filing Income Taxes

      Does The Mere Thought Of Filing Your Taxes Gives You Nightmares? Lost Sleep Thinking About How To Manage Your Returns? Feeling Like You Have Lost Your Way In A Jungle With No One To Help Out? Are You Super Confused And Don't Know Where To Even Start?



      Filing Income Taxes

       Finally, A Complete Guide That Teaches You The Essential Basics Of Federal Income Taxes - And Gives You Excellent Tips To Make Your Filing As Smooth As Butter… And Saves You Loads Of Money, Time, Hassles, And Unwanted Stress…! 

      Filing Income Taxes

      Introducing! The Secrets To Understanding Taxes Filing Like A Pro!

      "Tax Methology"

      • Individual Tax Saving Ideas
      • Tax Saving Measures For Business
      • The Tax Audit
      • The Ins And Outs Of Federal Payroll Taxes
      • Why People File Taxes Online
      • What Are Your County Property Taxes Used For?
      • Offering Personal Financial Advice -Ameriprise Financial Services
      • Using Free Tax Preparation Software
      • Consulting Tax Attorneys - Tax Law Specialists
      • Delinquent Property Taxes- Three Steps To Deal With Your Delinquent Property Taxes



      Filing Income Taxes
      • Federal Income Taxes - How To Deal With Federal Income Taxes?
      • File State Taxes- E-File System Is The Best Way To File Your State Taxes
      • Filing Income Taxes - How To File Income Taxes?
      • Financial Planning Software- Nine Benefits Of Financial Planning Software
      • Free Taxes- Benefits Of Filing Free Taxes Online
      • Income Tax Forms - Three Must To Follow If You Desire To Fill Your Income Tax For
      • ms Yourself LLC Tax Savings- How To Avail LLC Tax Savings
      • Benefits Of Online Tax Forms Over Traditional Methods
      • Save On Taxes By Refinancing Your Mortgage
      • Save On Taxes By Spending Less On Credit
      • Save On Taxes By Investing In Life Insurance
      • Save On Taxes: Hot Tips
      Filing Income Taxes

      • Save On Taxes With Tax Deductions
      • Federal Tax Law 2005 For Nonprofit Organizations
      • Understanding California State Taxes
      • Make Your Personal Finances Work for You
      • The Importance of Acquiring a Financial Planning Certificate
      • Social Development and Financial Planning
      • An Overview Of Hennepin County Property Taxes
      • Kentucky State Taxes
      • Maryland State Taxes
      • Ohio State Taxes
      • UBS Financial Services For Small And Large Business
      • What Is A VP Financial Planner?


      Filing Income Taxes



      5 Reasons to Hire a Tax Law Attorney

      Tax Law Attorney

      5 Reasons to Hire a Tax Law Attorney

      Tax Law Attorney

      1. Why should you hire a tax law attorney? First, facing the IRS means that you either haven't hired an accountant, or your current accountant has done a pretty bad job of managing your finances. This means that it is already too late to hire another CPA to fix your problem. The IRS has already done the math, so you will be wasting resources if you hire another person to do it all over again. You need to focus on areas that you still need to prepare for. What you need is a competent tax attorney to help you with the legalities that you will be facing.

      Tax Law Attorney


      2. Another advantage that tax attorneys have over CPAs is a deep understanding of the ambiguity of tax law. CPAs are trained to recognize something as either black or white. They are trained to categorize things very specifically and may not recognize the various gray areas of tax law. A good tax attorney knows that the law can have a thousand different interpretations and uses this fact to your advantage. 

      Tax Law Attorney


      3. A tax law attorney can also help you by giving you truly complete advice. This is because they are experienced in matters involving tax laws. A tax attorney will be able to give you advice on different legal measures that you can take to solve your Tax problems. A CPA can only help you in terms of fixing your budget or computing your taxes but can offer very little help regarding how to fix your tax problems.


      Tax Law Attorney

      4. The IRS can use different techniques to intimidate you into paying the amount that they will insist you owe. People who are unfamiliar with the methods of the IRS often pay this amount without taking the time to question why. A good tax law attorney can help you get over your fear of the IRS and meet them on the legal battleground. A good tax attorney will have the resources necessary to help you overcome any intimidation tactics that the IRS may use to force you to pay
      Tax Law Attorney


      5. The best reason that you can have to hire a tax law attorney is the fact that taxes are based on laws. This means that taxes are the natural stomping grounds of tax attorneys. They know their ways around it and they know how to survive it. A tax attorney, on the other hand, can show you a lot of things you can do to legally get the IRS off your back. A good tax law attorney can help you by giving you various tips on how to compromise with the IRS and end up paying much less than what you might think is your due.

      Tax Law Attorney


      Thursday, July 16, 2020

      Taxation Law for Small Businesses.

      Taxation Law for Small Businesses. 



      Taxation law is a complex and in-depth area of concern for the small business owner.  With potential pecuniary and criminal consequences, it is of paramount importance to ensure as a business owner, you are familiar with the tax consequences in your jurisdictions, and the ways in which you can minimize your liability. Call 855-913-0249 for tax consultation.

      Whilst one of the most legally important things to understand as a small business owner, taxation law also provides an excellent opportunity for saving money and increasing profitability within a small business environment.  In this article, we will look at some of the main and most common tax implications of running a small business, and some of the most effective ways of ensuring you pay less tax through your small business operation. Call 855-913-0249 for tax consultation.



      Tax regimes vary from jurisdiction to jurisdiction, and the implications of running a small business also vary, both in terms of the legal and financial requirements. Having said that, there are a number of common elements that transcend jurisdiction and appear in numerous guises across various systems that can be of use to the small business owner. One of the first things to consider as a small business owner is to establish a limited liability company. The primary reason for this is that limited liability companies usually provide a more relaxed tax regime as compared to income tax liability. A sole proprietor operating out-with the parameters of a corporate entity is liable to account for profits as income, which can lead to a greater tax liability and potential individual state contributions. As a corporate entity, the owner can pay himself via share dividends, which carry a lower tax liability and thus minimizing his overall liability to tax. This is significantly better than paying oneself a wage, which bears the tax liability from both ends, i.e. the company is liable to taxation as is the employee. 




      Another essential for the small business owner is what is known as capital allowance. By means of capital allowance, business owners can offset the acquisition cost of assets on a graduated scale in accordance with the specific principles of the regime in question. This is in effect a deductible expense, which ultimately minimizes yearly tax liability. There is a particular benefit in that many regimes allow an accelerated relief for business assets. This can be exploited to an extent by acquiring assets through the business, for example a car, which can also be used for personal purposes. Rather than buying a car from personal income, buying it through the company allows you to offset the amount of the expense quickly against your business profits, which ultimately reduce your liability to tax.


      Before embarking on any tax reducing strategies, it is important to ensure you are acquainted with the specific laws of your jurisdiction to avoid running into trouble with the authorities. In some of Europe, for example, there is a requirement to declare any specific tax minimizing strategies to the government to allow for rectification of loopholes. It is important to ensure you are acquainted with the specific laws to avoid potential criminal liability as a consequence of ignorance. 



      Texas Tax Attorney

      The Importance of Tax Attorney




      For such a long time, Texas is known to have the best reputed Dallas tax attorneys. Tax attorneys cater to the tax problems and issues of the taxpayers in a light manner. 




      Meaning, these tax attorneys provide their clients the best services they can in the range of legal tax laws. There are plenty of Texas tax attorneys spread all over the region and they are often attached to the law firms which are known to be effective.


      Of course, there are also a lot of private Texas tax attorney practitioners within reach. Tax resolution X-perts helps you find the best tax attorney in Texas. When problems about taxes arise, you know you will be dealing with a very stressful and complicated matter. It is not a surprising thing to figure out that numerous individuals are dealing with issues with the Internal Revenue Service on a yearly basis. Messing with your taxes is punishable by the law. So, whether you intentionally evaded your yearly taxes, incurred a minimal mistake in your computation and payment, or have missed something, the hands of IRS will get you.



      Texas tax attorneys can come to your rescue especially in cases involving corporate taxes, inheritance taxes, personal income taxes, and all other types of taxes. With an efficient Dallas tax attorney acting on your behalf, these kinds of situations can be lightened. You know that you cannot handle these things by yourself and you need an expert to guide you. Ease yourself with the worries because Dallas tax attorneys are all over the state to save you. You may be worried with the expenses to be incurred for hiring an attorney, but you will realize it in the end that you can better save money if you hire one Dallas tax attorney. 

      Tuesday, July 14, 2020

      IRS will accept an offer in compromise

      Tax relief

      An offer in compromise (OIC) is an agreement between a taxpayer and the government that settles a tax liability for payment of less than the full amount owed. 

      Tax relief

      The IRS will accept an offer in compromise when it is unlikely that the tax liability can be collected in full and the amount offered reasonably reflects collection potential. 



      Tax relief


      Doubt as to liability (DATL) comes into play when a taxpayer doesn’t actually owe the tax the IRS claims they do. This isn’t a question of amount or inability to pay the requisite tax, but rather a claim that a certain portion of the tax isn’t owed at all, because doubt as to liability isn’t a question of finances, you won’t need to provide any of your client’s financial information to qualify for the offer. 

      Tax relief

      Doubt as to collectible (DATC) is what most people associate with offer in compromise. This offer comes into play when the taxpayer doesn't dispute that the tax is owed, but has no way of paying the full amount owed. A doubt as to collectible offer will be based on what the IRS calls reasonable collection potential, or RCP. There are three components when calculating reasonable collection potential: equity, income, and allowed expenses. 

      Tax relief


      • At its core, the settlement comes down to an equation:
      • Lump Sum Equation (to be paid in 5 months or less)
      • Disposable Monthly Income x 12 months + Net Realizable Equity = Settlement Amount 
      • Periodic Payment Equation (to be paid in between 6 and 24 months)
      • Disposable Monthly Income x 24 + Net Realizable Equity = Settlement Amount 


      Tax debt relief

      Tax debt relief

      Tax debt relief is opted for by people who have somehow failed to file their returns, which in result have made them liable to pay a repayment of back taxes. 


      Tax debt relief

      This is no doubt a severe and frightening state of affairs. This may occur due to various reasons. It might be an emergency such as individual or family illness, death in a family, change in economic condition, and lack of budgeting or lavish lifestyle. 

      Tax debt relief

      In these situations failure to pay the money or underpayment are the two most common things to happen. And if this thing really occurs one should fix it as early as possible that is because some forms of non-payment are liable to be punished by imprisonment for every year of taxes that has not been paid. 

      Tax debt relief

      Tax debt relief is the best solution that one can go for if he or she has failed to pay the taxes in time. There are several tax debt relief agencies that offers tax settlement plans so that their clients may come out of their debt quickly. They have specialized professionals who work round the clock to help out their clients. Government also on the other hand has many provisions for the people who have their taxes due. An underpayment is easier to pay back than the person who has just refused to pay the money. With the help of a professional mediator one can reduce his or her payable amount to a smaller fee, which will enable the government to get back a portion of the money that is owed.




      Tax debt relief

      Tax debt relief may often call for legal proceeding that is why a proficient lawyer who is qualified in this field is indispensable. The professional attorney can help to get the relief without imprisonment. Whatever the reasons be, taxes due are always offensive in the eyes of law. The tax collectors in the first hand send legal notifications which if not answered leads to the prosecution and the professionals best handle these situations.


      Tax debt relief


      Conditions that lead to inescapable delinquency are always unacceptable but not beyond negotiation which can be done with the help of a professional tax debt relief help. A proper Tax debt relief program provides quite a few pertinent assistance such as embellished salary, bank charges, bankruptcy among other circumstances. A responsible citizen should never ignore to pay tax. Even if he or she failed in first position, a solution should be tried to find out and the amount should be paid back. The person who has failed to pay his or her tax for the first time shall also have to plan certain things for future so that it might not happen again. A tax debt relief might work first time but it should be kept in mind that government is always willing to help people but those who commit the same mistakes again and again shall be considered irresponsible and be put on trial. That is why it is always advised to have a certified help plan for the future payments. 


      Tax debt relief