Showing posts with label Are you tired of suffering from tax problems?. Show all posts
Showing posts with label Are you tired of suffering from tax problems?. Show all posts

Wednesday, July 22, 2020

Solve tax problems for your business.

BACK TAXES Settle Tax Debt from IRS Back Taxes. Get Tax Debt Relief. Call 855-913-0249 now for free tax relief quote. Tax Relief Center solves tax problems for businesses and individuals every day. 

Owe IRS taxes

Are you experiencing tax problems with IRS? Do you owe $10,000 or more to IRS or State on back taxes? The ideas of trying to pay off growing tax penalties, finding the missing paperwork to file your back taxes, or facing an IRS inspection can seem like too much. If you are in this situation, don't hesitate to get tax relief, turn to Tax Debt Relief Center today. Call 855-913-0249 now for free tax relief quote. We are a company which specializes in IRS and state tax problem. We have tax resolution expert that get tax relief for both individuals and businesses. We can get tax penalties reduced, file delinquent tax returns and negotiate a number of a different payment option to pay off your tax debt like an offer in a compromise or an installment agreement. 


Owe IRS taxes


Don’t try to solve tax problem on your own IRS doesn’t make solving tax problem easy for taxpayers. Dealing with the IRS is a bit stressful and confusing for a novice to handle. Stop trying to resolve these complex issues on your own. Call 855-913-0249 now for free tax relief quote.



Owe IRS taxes

Don’t be afraid of the IRS anymore. If you owe more than $1000, back taxes do not hesitate to call Tax Debt Relief professional team to stop levies, seizures, or wage garnishments and to solve your tax problem as appropriate and available for your situation. Call 855-913-0249 now for free tax relief quote.


Owe IRS taxes


Our service includes:
  • IRS audit assistance
  • Releasing tax liens and levies
  • Filing back taxes
  • Tax penalty abatement
  • Resolving payroll tax problems
  • Tax relief solution for business and individuals
  • Preparing offers in compromise.

Tax lien

tax lien is a statutory right obtained by the government to enforce a claim against the property of a person owing taxes until the debt is paid. 


tax debt relief




Or, contact us today for a free tax debt relief consultation at 844-243-4405.

Because they are public records they will show up on your credit report, tax liens can often make it difficult for you to obtain financing on an automobile or a home. The IRS may take money from your paycheck or bank account, seize assets, or place a Lien on your home or other assets.

                          tax debt relief


Or, contact us today for a free tax debt relief consultation at 844-243-4405.

We can often prevent this or have these lifted so you can afford to pay your bills. If you are presently dealing with, or concerned about a lien, levy, or garnishment we can help. Remember, the earlier we address the problem the more successful we are likely to be. 


                                       tax debt relief

Ignoring a tax problem is usually asking for a bigger problem, and may limit our ability to help you out of it. Tax Liens also can tie up your personal property and real estate. Once a Tax Lien is filed against your property you cannot sell or transfer the property.

                                                       tax debt relief


Or, contact us today for a free tax debt relief consultation at 844-243-4405.

Friday, July 17, 2020

Offer in Compromise (OIC)

An Offer in Compromise (OIC) is a formal agreement between a taxpayer and the IRS that settles the taxpayer’s debt for less than the full amount owed. It allows taxpayers who cannot afford to pay their delinquent tax liability the opportunity to settle permanently for a reduced amount. If an OIC is not prepared or submitted correctly or if the taxpayer is not in compliance, the IRS can and will reject an OIC.



tax return



The Internal Revenue Code allows penalties and the associated interest to be abated (removed) by the IRS if the taxpayer can show reasonable cause. Penalty abatement is often the first step in reducing size-able tax debt and has the potential to lower the amount owed to the IRS by up to 30%. Even if your account is paid in full, the IRS will refund you the penalties and corresponding interest once your penalty abatement is approved.



tax return



Not filing a tax return is far worse than filing a tax return and not being able to pay the tax amount owed. Un-filed tax returns may even be considered a crime, with punishments of up to $25,000 in fines and a 1-year prison sentence for each un-filed tax year.



tax return


Tuesday, July 14, 2020

SUFFERING FROM TAX PROBLEMS



In some cases, you can reach a tax resolution and settle for far less than the amount you owe. This is known as an Offer in Compromise


An offer in compromise is a tax resolution settlement of a delinquent tax account for less than the original amount owed. However, you will not get such an Offer approved without specialized assistance. As per the data available, in the year 2004 only sixteen percent of Offers were accepted. 


If you are the having tax disputes with the IRS, tax professionals like experienced Enrolled Agents (EAs), Certified Public Accountant (CPAs), and tax attorneys can help you reach a tax resolution. Tax resolution encompasses a wide variety of settlements which includes IRS audits, Federal Tax Liens (IRS Liens), bank levies or wage garnishments, IRS penalty abatement, innocent spouse defense, bankruptcy discharge analysis, Offer in Compromise, un-filed or delinquent tax returns, and IRS collection statute of limitation analysis. 




Thus, it is advisable to seek services of professionals (like EAs, CPAs or tax attorneys) specializing in solving tax problems or negotiating a tax resolution. You should get in touch with these professionals if you are involved in tax disputes like un-filed tax returns, missing records, threat of tax levy, or, if you need a tax resolution like Installment Agreement or an Offer in Compromise or want to be declared Currently Not Collectible. 




For taxpayers, who are not able to reach a tax resolution immediately, an installment agreement can be a reasonable payment alternative. Installment agreements permit the full payment of the tax debt in smaller, more manageable amounts for the taxpayer. Currently Not Collectible is another tax resolution strategy, which implies that an individual has no ability to repay his or her tax debts. The IRS can affirm a person as "currently not collectible" after the IRS receives concrete substantiation that the individual has no capacity to pay. Once the IRS proclaims an individual as "currently not collectible", the IRS discontinues its recovery or collection activities, including levies and garnishments. However, the IRS sends an annual statement to that taxpayer stating the amount of tax still owed. 



While currently in not collectible status, the ten-year statute of limitations on tax debt collection remains in force. If the IRS cannot collect its tax dues within the ten-year statutory period, the tax debt expires. The IRS is perennially, under tremendous pressure to recover the billions of dollars, currently outstanding. Therefore, it will seriously consider all the reasonable offers to recover its debts and try to reach a tax resolution or close cases in all these areas.


Resolve Tax Problems - File Back Taxes Call 866-218-5924 for free tax relief consultation.

How Tax Relief Services Work? 


Tax Relief

Many Americans have issues with their back taxes. Owing taxes to the IRS and/or State taxation authorities can be stressful and failure to take action to resolve the problem will quickly worsen the situation. A trusted tax company can help you obtain the optimal agreement with the taxation authorities by using one of or a variety of proven strategies. An experienced tax company understands how the tax system works and can find the best solution for the client and not what the best solution is for the taxation authorities. 



Tax Relief

Xpert tax services can help individuals file un-filed tax returns, obtain maximum deductions and credits, stop bank levies, stop wage garnishments, help with audits, possibly remove or lower tax penalties, possibly lower tax debt amount owed, get the taxpayer back into full tax compliance and most importantly prevent future actions from the taxation authorities while keeping your best interest and financial situation in mind. 


Tax Relief



Sunday, July 12, 2020

TAX RESOLUTION PROCESS

1. Tax Issues Analysis: After your free consultation, we offer you the choice of hiring us as your tax resolution consultant. New clients sign our engagement letter as well as a Power of Attorney (IRS form 2848). Your tax resolution consultant interviews you further in the effort to complete your financial profile. 


2. Discovery - Investigate: Your tax resolution consultant will immediately get the details of your tax history from the IRS. We will discover your precise tax debt condition by adding this tax history to the information which you already presented to us. We then begin to lay the groundwork for your client-centered solution. 


3. Tax resolution Implementation: We examine various resolution alternatives for their possible inclusion in the overall plan and select several that roughly fit your tax debt condition. We blend parts of various solutions into the working tax resolution plan for your case. At this point we also make sure that you are current with your filing of tax returns. 


4. Negotiation with IRS: We present your proposed tax resolution plan to the IRS. We check the progress of this plan throughout. Usually, the IRS will seek added information. 


5. Tax Settlement: The final resolution will usually settle most tax debts for a fraction. If the final resolution is unsatisfactory, we will advise you of alternatives.


Tuesday, June 30, 2020

IRS is threatening to garnish my wages

TAX RESOLUTION F.A.Q. Call 855-913-0249 to speak with a tax resolution expert. 


Question: What if the IRS is threatening to garnish my wages or already has? Call 855-913-0249 to speak with a tax resolution expert. 


Answer: If you have a threat of garnishment, you must act quickly. Generally speaking, you may have less than 30 days before garnishment begins. Our tax professionals can prevent this from happening, but only if we take immediate action. If your wages are already being garnished, relief is just a call away. We specialize in garnishment releases, often times before your next paycheck. 



Question: Is it true that the IRS requires you to be up to date on filing past taxes before they will negotiate a resolution? 


Answer: Yes, the IRS does require by law that taxpayers must be in compliance prior to any negotiated resolution. In fact, failure to file can be considered criminal. However, we offer complete tax solutions and can have all your missing or incomplete tax returns prepared by our attorneys. We will even pull the master file directly from the IRS to review what has been reported to ensure you’re not paying a penny more than required.


Question: Can I really settle my unpaid taxes with the IRS for pennies on the dollar? Call 855-913-0249 to speak with a tax resolution expert. 

Answer: Yes, this is known as an Offer in Compromise (OIC). However, beware of companies that promote this as the solution to every taxpayer’s issue. This is a great program but only for those that can qualify. During your free consultation our tax professionals will determine your ability to qualify. The good news is there are several programs that may offer a solution to your tax problem.



Free consultation! We offer a free no obligation analysis of your tax situation. Don’t delay. The time is now to fight back with the power of Accelerated Tax Solutions at your side.

Monday, June 22, 2020

Secrets To Understanding And Filling Your Taxes Like A Pro!

Secrets To Understanding And Filling Your Taxes Like A Pro! 

tax debt


If you own a home, you can reduce your income by adding in the interest that you paid on your mortgage. This is taken off along with any points associated with your mortgage value. Charitable contributions The trick with charity is that you really do have to give a lot in order to make a difference on your taxes. 



Tax resolution

You also need to be sure that you are giving to registered charities in order to have it 'count' with the IRS. Make sure that you get the receipts from all of your donations and place the total here. Casualty and theft losses If you were a victim of theft, you might be able to recuperate some of the losses here. 



Tax resolution



This can be a difficult deduction to justify, so be sure you have the help of a professional tax preparer before you fill in this section yourself. Job expenses Outside of a small business, if you work for someone else and you can deduct costs for supplies associated with your job here. This can also include education costs associated with getting more training for your job or for a future job in which you could make more money. While tax credits can't help you to increase your refund, they can eliminate the tax you owe. Various tax credits that you can take off of individual taxes include: 
 Earned income tax credit This is a credit that you can qualify for if you have dependents and your income level falls below a certain level. 
 Child care tax credit Like the earned income credit, this is taken if your income falls below a certain level..
Tax resolution



Hope tax credit/Lifelong Learning Credit This is a tax credit that helps people who are returning to school pay for their costs. 
 Elderly tax credit If you are 65 or older, you can qualify for this credit. You can also help reduce your overall taxes by: 
 Getting the alternative energy tax credit for installing certain environmentally friendly energy producers When you install solar panels and begin to create your own source of energy, it's the law that anything additional you make can be sold to the local energy companies for a profit. 

Tax resolution


Talk with a CPA or a tax professional about how this can work in your favor. Not only are you cutting down on your energy costs, but the tax breaks come from the initial investments you make in the very expensive equipment. 
 Buying a hybrid car While these deductions are slowly being phased out, you might want to still check to see if you can qualify with your hybrid car purchase or upgrades. 
 Paying interest on your student loans If you began to pay off your student interest before you were out of school, you were doing yourself a tax favor. In addition, if you are making payments that not only attack the principle, but also the interest, the interest payments are all deductible. 

Tax resolution

The government will send you a ticket at the end of the year of the total amount. 
 Investing in your company's 401K plan as this cost comes off of your income before taxes While this isn't actually a deduction, when you put money toward a savings plan before taxes, you are reducing the amount of money to be taxed and thus reducing your taxes owed.

Tax resolution




Buying into your company's health insurance plan as this cost comes off of your income before taxes This is the same deal as when you pay into your company's 401K plan. Talk with your tax preparer to see what else you might qualify for in order to reduce your taxes.




Tuesday, May 5, 2020

Expert tax resolution services.

The amount of garnishment may vary, but the IRS has the ability to collect everything someone earns beyond minimum wage. 

Again, a garnishment is not done to put someone in an impossible situation but rather to “wake them up” so that they may negotiate a more reasonable solution. 3 rd party levies are served upon clients and others that pay non-employees. 

Typically, these levies apply to self-employed individuals. A third-party levy is the most burdensome in that the payer is required to remit to the taxing agency, 100% of the amount they owe the delinquent taxpayer until the tax debt is paid in full. Like the other collection tools, this is used to force the taxpayer into addressing their problem and not to collect the entire debt. In each case referenced above, you are better off entering into a manageable agreement, rather than worrying about active collection or even worse, waking up one day to find out your money has been taken. 




It takes years of experience to be able to negotiate releases of garnishments and levies. For this reason, we recommend you preemptively address your tax matters. If by chance that ship has sailed, you can always contact the taxing agencies to request a release. Below is a list of points to consider when doing so Things to Consider When Requesting a Levy/Garnishment Release.


1. Don’t just ask for your money back. Provide valid reason/s why you need it. It is important to be specific here. You should list specific expenses that are due very soon and that you will not be able to pay if your funds are compromised. 
2. The most effective reason to request a release is hardship. If you can prove that you are unable to pay your necessary and reasonable expenses, you may be able to have some or all of your funds returned to you 
3. If possible try and calculate a reason installment agreement amount (see Installment Agreements below) and have backup to support your number. If you can enter into an agreement, sometimes you can also obtain a release 



4. Have contact information of the person, bank or business on which the levy/garnishment was served. Before you contact the IRS, you should have a fax number of the person or department that process the levy/garnishment. If the taxing authorities agree to issue a release, they will ask you where to send it. If you do not have this information ready, you may need to call back risking the chance of speaking with someone different that changes their mind about issuing the release 
5. Request that a 2nd copy of the release be sent to you directly. If you are successful in request a release, you should follow up with the person or department to which the levy/garnishment was served to verify (1) they received the release and (2) that they are not going to remit funds to the tax agencies. If by chance they have not received the release, you can fax them a copy yourself assuming you have a one. 
6. Don’t wait until the last minute. It often takes more than one call to have a levy or garnishment released. If the IRS requires documentation you don’t have ready, you may have blown your chance if the funds are to be remitted in a day or two. Remember you only have 21 days for the IRS and sometimes less for your State to request that a levy be released.  



Thursday, April 30, 2020

Tax resolution

Tax resolution X-perts helps businesses and individuals prepare unfilled tax returns, settle un-paid taxes for a fraction of the tax debt. 




Luckily, there are several ways other than bankruptcy to clear you tax debt without ruining your credit. If you can afford it, the easiest way is to set up an installment plan. Make sure that you have a clear idea of how much you can afford to pay each month. Setting up an installment plan only takes about two hours. Basically, you tell them what amount you can afford to pay each month, and they accept monthly payments until the debt is paid. This is the simplest plan, but it is only available to those who owe less than $10,000, and can pay off the debt fully within three years. 



Partial Payment Plans: If you don't meet the criteria for an installment plan, you can try a new option, the partial payment plan. This is a rather complicated plan, requiring numerous forms and lots of documentation, so you probably want a tax professional to help you. Under a partial payment plan, you agree to pay a certain monthly payment, based on what you can afford, for some number of years, also based on your financial situation. As long as you pay the agreed-upon amount for the required time, the remainder of you tax debt will be forgiven. 

Offers in Compromise: Another strategy which is similar to the partial payment plan is an offer of compromise. This gives you the option to pay a reduced sum, but you can choose whether you want to make payments, or pay a lump sum. There are subtle differences between an offer of compromise and a partial payment plan, so consult your tax professional if you think you may want to choose one of these plans. He or she will gather information such as how much you can pay a month, and how many months you want your payments to span, and steer you towards the right program for you. 

Currently Not Collectible: The last plan available for dealing with your tax debt is to be declared "currently not collectible." This is a good plan for you if you have no ability to pay your bill, but are not burdened by other debts. If you are over your head in debt to many companies, you may be forced to declare bankruptcy. However, if you are current on your other bills, but are currently not earning enough income to pay the IRS a monthly stipend, you can be considered "currently not collectible." Under this plan, you will receive yearly statements on the amount you owe. Your situation will be evaluated periodically, but if you are unable to pay for ten straight years, your debt will be discharged. The guidelines for being declared currently not collectible are strict, so consult your tax professional to be sure that you qualify.



It's not hard to deal with your tax debt. If you currently owe the IRS, don't wait! The IRS tacks on late fees and penalties frequently. If you make a plan to deal with your debt, those fees will stop mounting, so you will have an easier time climbing out of the hole.