Many taxpayers are in a position where they can never fully pay the IRS. The IRS adds penalties and interest EVERY SINGLE DAY making it mathematically impossible to get out from underneath.
There are many different approaches that can be taken to resolve a tax problem. Some of them include:
- Offers in Compromise
- Innocent Spouse Relief
- Unfiled Tax Returns
- Tax Transcript Analysis
- Installment Agreements
- IRS Audit Reconsideration
- Bankruptcy Evaluation & Support
- Employer Payroll Tax Problems
- Wage Garnishment
- Levies and Liens
- Drivers License Revocation
- Passport Revocation
Offers in Compromise
Eliminate Your IRS Debts Legally, Ethically… and for Much Less Than You Could Imagine!
“We will accept an Offer in Compromise when it is unlikely that we
can collect the full amount owed and the amount you offer reasonably
reflects the collection potential…”
–Internal Revenue Code section 7122
Maybe you didn’t know that the IRS has an Offer in Compromise program that can be utilized by the tax payer when liability has been incorrectly assessed or when total liability is more than you can afford to pay.
When presented correctly to the IRS, this might mean that your tax liability is entirely eliminated for as little as 5-15% of the total amount owed.
Fill out the form at the bottom of this page or give us a call for a FREE Consultation if you need help solving your tax problems.
Innocent Spouse Relief
You Are NOT Responsible for the Misdeeds of Your Spouse… If You Know What Steps to Take.
“Innocent Spouse Relief provides you relief from additional tax you owe if your spouse or former spouse failed to report income, reported income improperly or claimed improper deductions or credits.” – IRS Topic 205
Under certain circumstances, you may be resolved of any misdeeds of a spouse or former spouse involving income tax fraud.
Most married couples file their tax returns jointly. There are certainly benefits to this, but if there were certain “errors” or “mistakes” on your joint return and it was your (present or former) spouse’s fault, you could be in luck. There are provisions in the Tax code that will let you out of a tax burden that was not your fault. But, it will need to be proven.
To ensure yourself the best possible outcome, it is best to take action as soon as you realize there is a problem.
We can review your situation and help you determine your options and file for Innocent Spouse Relief when necessary.
Unfiled Tax Returns
The IRS Would Love to Take Care of Your Unfiled Tax Returns For You… Does This Sound Like a Good Plan?
Tax interest and penalties add up lightning fast. If you didn’t file a tax return because you didn’t have the money to pay what was owed, or you filed but simply didn’t pay, you’ve gotten yourself into quite a predicament. And the more you let this situation go, the more likely you are going to pay for it and pay for it big.
NOT filing your tax returns is a criminal offense.
Punishment for not filing tax returns can be as severe as one year jail time for every year your taxes go unfiled. Don’t think you can continue to get away with it. As the computer system at the IRS gets more complex and sophisticated, the chances of you getting flagged and caught increase exponentially.
But here’s what you can do…
First, let us help you comply with the law. By taking the initiative and filing your tax returns, you can still take advantage of the deductions and allowances due to you. Yes, you are still going to owe taxes, and likely penalties and interest, as well, but if you wait for the IRS to take care of your problem for you, they are going to do so in the best interest of the government with little thought or interest in your bottom line.
By voluntarily filing all delinquent returns, you will save yourself further problems, and we can help you do that.
Once your returns are current, we can look at your total owed and help you create a plan of action to remedy the situation.
Tax Transcript Analysis
We’ll Cut Through the Red Tape to Get Your IRS File.
You would be surprised to see what information the IRS keeps on file about you. Of course, gaining access to that file and then interpreting that information is best left to a professional who understands the system. There is no need, after all, to raise any red flags through your requests.
We can get a copy of your IRS file and help you determine how that file might help you resolve any current tax problems.
There are 2 types of installment agreements. One where you pay your entire tax bill within the IRS “Statute of limitations” to collect the tax, penalties and interest (usually 10 years from the date you filed) and one in which you do not pay the full amount within the period they have to collect from you. It depends on what you can afford.
IRS Audit Reconsideration
There are several reasons why you should never handle an IRS audit on your own. You must understand that the IRS always has an exceptionally unfair advantage, due to the fact that the average taxpayer lacks adequate knowledge of tax laws to suitably defend themselves against the IRS. We’ve included a prime example of an actual client JG Associates represented where the IRS agent took complete advantage of the taxpayer’s situation and unfamiliarity with tax laws and federal procedures. As you may see in this Audit letter that we sent to the IRS agent, we took the initiative and confronted the agent about multiple mistakes he had made regarding our client’s IRS tax audit.
IRS audit agents are lethally experienced in interrogating taxpayers. They are considered the hardheaded ‘detectives’ of the IRS. It starts out with a modest IRS audit letter or perhaps just a call asking you to discuss something as benign as your deductions. You’re then summoned to the IRS office and so thinking that you may answer just a few simple questions about your deductions and get yourself out of trouble, you go unrepresented.
If you feel you were not represented by a qualified professional during your audit you have the right to have it “Reconsidered”
Bankruptcy Evaluation & Support
Bankruptcy Can Be The Beginning of Your Financial Restoration!
If you are contemplating filing for bankruptcy to wipe out tax debt, interest and penalties, have a professional thoroughly review your situation prior to filing. In some cases, filing for bankruptcy will leave you with the clean slate necessary to start over. If you don’t qualify to eliminate tax debt through bankruptcy, however, you may find that when all is said and done, you still have a massive tax liability left to deal with.
As you may be aware, there are different types of bankruptcy that you can file for. Each one has a different purpose, outcome, and long-term effect. Determining which type of bankruptcy will be the best for your situation (if any) demands a close examination of your financial situation, assets, debts, and history from every angle. The opportunity of a second chance that bankruptcy offers could be just what you need, but you need to make sure that you have the best chance of success and nothing comes back to haunt you.
Employer Payroll Tax Problems
Making Mistakes on Your Payroll Taxes is Guaranteed to Turn Uncle Sam’s Eyes in Your Direction!
In the world of taxes, the biggest sin is failing to pay your payroll taxes. Penalties for failure to pay or delinquency in filing payroll tax returns are more severe than almost any other tax penalty.
FYI – If you aren’t paying your company’s payroll taxes, you are stealing money that belongs to your employees according to the government.
Failure to comply with payroll tax laws can result in the loss of your business. The IRS is very aggressive in pursuing these types of infractions and will not hesitate to seize your assets, sell your property at auction, and eliminate your means of making a living.
If you are behind on payroll taxes or have payroll tax problems, it is critical that you 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.
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 to help with your payroll tax problems.
What Can You Do When the IRS is Reaching Into Your Paycheck?
When the IRS goes about settling debts, it does not do so gently, and your employer is powerless to help you out. Once an employer receives notice that the IRS is garnishing your wages, the employer is required by law to send a percentage of your money directly to the government, even if that means leaving you with too little to pay the bills.
The government will continue taking money from your paychecks until your debt, and all penalties and interest acquired, is paid.
There is a way to Stop IRS Garnishment
We can help you arrange a payment plan with the IRS that is much more favorable to YOU and your current financial situation. If the government is already garnishing your wages, we can provide assistance in negotiating a release of that garnishment and arranging for a more suitable payment plan in its place. This allows you to receive the full benefit of your wages while working to meet your debt to the IRS in a more reasonable manner.
Levies and Liens
Secure Your Credit, Keep More of Your Money, by Letting Us Handle Your IRS Lien Problems For You!
If you cannot pay your taxes, the IRS has the right and the ability to establish a lien against your property. This might be your house, your company, anything else that you own, and even assets owned by your spouse. In short, if you owe money to the IRS, the IRS may own you in only a few short steps.
Once you have an IRS tax lien filed against you, the difficulties are endless. The lien will show up on your credit report. Banks won’t want to deal with you because they don’t want the extra hassle of having to work with the IRS to take your money. You won’t be able to get a loan for anything… not house, not car… and the revenue from anything you sell will be taken by the IRS until your lien is paid in full.
When You Wake Up to Find Your Money and Assets Gone… We’ll Help You Get It Back.
According to the IRS, a Tax Levy is the legal seizure of your property to satisfy a tax debt. If you owe money to the IRS, they may choose to come get their payment by actually taking your personal property. This means you might literally wake up one morning with nothing! You may find your bank accounts have been cleaned out, your assets have been seized, and your wages are being garnished. There is no “affordable payment plan” when you are dealing with the IRS. Their goal is to gain what is owed to them quickly and completely.
If you are ignoring communications from the IRS, an IRS Tax Levy may well be in your future.
Once the IRS is garnishing your wages, they will continue to take money directly from your paycheck until your tax debt is paid, without regard to leaving you enough money to pay the rest of your bills. They will even take what you already own and begin selling it at auction in order to get the money owed to them.
You don’t want to find yourself in this situation.
If you are in this situation, however, let us see what we can do to help. We can often get at least some of these levies released and to help you move toward the goal of getting your life back.
Drivers License Revocation
Failing to pay your Massachusetts state taxes has more consequences than you may think. The Massachusetts Department of Revenue (DOR) now has the ability to suspend people's driver's licenses due to unpaid taxes. You may have already received a Notice of Intent to Suspend Driver's License. If you do not respond, your license is automatically suspended. Once the state suspends your driver's license, it goes into effect immediately.
The IRS now has the power to revoke or deny your passport for owing taxes. This can hamper your ability to travel freely.
Regardless of your problems the IRS cannot do anything to you that would damage the “HEALTH AND WELFARE OF YOUR FAMILY”.
Dealing with the IRS can be scary and intimidating but YOU DO HAVE RIGHTS. You need Cape and Islands Tax resolution on your side to MAKE SURE YOUR RIGHTS ARE RESPECTED.