Our Services

Tax Resolution

Offer and Compromise

The recently updated Fresh Start Program represents a significant improvement to the IRS’ previous Offer in Compromise program. If done correctly, you may be able to successfully settle your tax debt for significantly less than you owe. The chances of getting your tax debt forgiven are greatly improved with an experienced IRS profesional by your side.

WAGE GARNISHMENTS

IRS wage garnishments and IRS Levies can be stopped within a few business days, if done properly. One has to realize that the last resort the IRS utilizes is a wage garnishment or levy. This is one of the most lethal weapons available to the IRS. There are several ways to have the levy or garnishment released.

PAYMENT PLANS

If you don’t qualify for the IRS’ Offer In Compromise program, a Payment Plan may be the way to resolve your problem. This is an agreed settlement between the taxpayer and the IRS, based on the National standards to determine what amount the taxpayer will be paying the IRS each month, but allowing the taxpayer to have the ability to afford food, housing, clothing, medical & transportation expenses. This is a complicated mathematical formula that has to be calculated. In most cases, the National standards do not have to be used for the first year. The actual expense of the taxpayer can be used and then they allow the taxpayer one year to come into compliance with the National standards. This is not something that the IRS will inform you of or assist you with. This is another reason why it is essential that you obtain professional assistance with this matter.

TAX LIENS

When the IRS has failed repeatedly to collect an overdue tax debt, they will issue a tax lien on property and assets. This lien places them first in line for payment should the home, property or asset be sold, and can be a tremendous burden to overcome when trying to sell a home. The IRS still has the right to collect even if you acquire property or assets AFTER the lien is filed.

IRS tax liens are damaging in a variety of ways:

They prevent you from selling property.
They make getting bank loans very difficult.
Credit is negatively affected.
They are a public record.

When you have a tax lien placed against your home, property, or credit, it not only affects your ability to borrow, it is a public notice to employers, spouses, business associates and others that you have a tax debt. The results are not only financially challenging, but embarrassing. Any way you slice it, a tax lien is something that must be addressed.

BANKRUPTCY

When looking for the right tax resolution attorney it is essential that the attorney is familiar with the bankruptcy laws. This is because the first analysis should be to determine if the tax debt owed is actually dischargeable in bankruptcy. Certain tax debt may be forgiven in a bankruptcy which is a powerful tool to use against the IRS.

PENALTIES AND INTEREST

When you accrue a tax debt, the IRS will begin to add both penalties and interest to the principal. The IRS penalties and interest are compounded at alarming rates, just like high interest credit cards, and can quickly double, triple, even quadruple your tax debt. If left unpaid, the IRS debt will simply grow and grow until the options are suffocating.

941 TAXES

If you own or have owned a business with employees, the IRS assesses what is termed 941-employee business payroll withholding tax. This payroll tax is due at the end of every pay period and/or operating quarter, and if it is not paid, penalties and interest will begin to accrue. If this payroll tax debt is neglected long enough, the business can be closed and all assets seized to satisfy the IRS debt. 941 business payroll withholding tax debt is widely considered to be the worst form of tax debt as the IRS considers it “stealing” directly from the government. Though the IRS is extremely aggressive collecting business payroll tax, businesses have very specific, enforceable rights that they are entitled to, and if enforced effectively, can help stave off collections and save the business.