Here at Tax Relief CentralTM we have experts in solving our client’s IRS tax issues which may include reduction of tax liabilities or other solutions. We use the rules and regulations according to the code of conduct established by the Internal Revenue Service to help our clients get their matters resolved at the IRS. We are experts in preparing tax return files, legally reducing calculated taxes, and eliminating penalties if possible according to law, and represent clients before the IRS. We educate our clients in how they could harm themselves with the tax problems that became a cause of their tax debts.
Following services are offered by us:
- We try to reduce the total tax obligation through reducing penalties and interest on tax debts.
- We work on settling our client’s tax debt for the lowest amount possible according to law.
- We implement effective strategies to reduce or stop IRS wage garnishments.
- We make ways to stop IRS property seizure.
- We defend our client in an IRS audit or IRS criminal investigation, if applicable, by law.
- Recover seized funds.
- Remove an IRS levy or lien.
Negotiated Settlements includes:
- Installment agreements (paying dues on monthly basis)
- OIC (Offers in Compromise)
- Requests for uncollectible status and for diminution of penalties.
We handle both State and Federal negotiated settlement agreements for businesses and individuals. A nominal fee is charged based on the tax debt being settled. In addition to our reasonable and affordable rates, negotiated settlements invariably require consultation with the IRS by our in-house tax experts.
Note: Currently, Offers in Compromise also require a 20% down payment to the IRS and a $150 IRS processing fee.
As a tax representative for an IRS audit or audit appeal, our affordable fee structure is based on various factors:
- Whether we are representing a business or an individual.
- Whether the audit is the initial proceeding or an appeal of a prior decision.
- Since when did the tax year being audited have occurred?
- (The longer the period the higher the rate)
- If the case is related to an individual, we make sure that his or her returns have a Schedule C being audited (report income or loss from a business operated by the client).
Delinquent Tax Returns and back Taxes
In order to accumulate money and work efficiently, the IRS enhanced its database dealing with income transactions. This enhancement has led to increased ability to identify such people who have not filed any tax returns. As a standard protocol revenue agents are hired by the IRS to discover people liable to pay back money.
A variety of civil and criminal penalties are available to the IRS, that can be imposed on individuals or businesses who fail to file tax returns, and the penalties along with interest will drastically increase the amount owed to the IRS.
Note: As per estimation 15% of all taxpayers have unfiled tax returns or owe back taxes, or delinquent taxes to the IRS.
We facilitate individuals and businesses with delinquent returns, unpaid back taxes or delinquent taxes that minimize the penalties and interest which they would otherwise have to pay to the IRS by identifying appropriate settlement options along with filing the suitable settlement documentations.
We follow a proactive approach thoroughly for our clients due to the following reasons:
- Individuals may be subject to federal prison sentence and/or seizure of assets, if they fail to file tax. We will mitigate the IRS’s ability or desire to seek criminal prosecution in most cases following our proactive approach
- Clients will not be facilitated with facilities form credit card companies or lenders if they fail to file tax returns, they will only be facilitated when their delinquent taxes are paid.
- Certain federal and state benefits are based on amounts reported in filed tax returns. For example, Social Security is calculated, based upon a person’s lifetime earnings, some of which is only reported to the IRS on a tax return. State benefits (such as unemployment compensation) can also be based on reported income.
- Current and back tax returns should be filed in order to claim any federal tax refunds due.
- If a wrongful tax return persists for more than three years from the due date of tax return, in such a scenario the income tax refund money that specific year may go astray.
- File your delinquent tax returns before the IRS seeks you out or else the likelihood of your criminal prosecution may increase.
Our clients are also serviced with delinquent tax returning assistance. We help them in overcoming a substitute return filed by the IRS. The IRS may file a “substitute return”, as a rule, for such people who do not or have not filed a tax return. The IRS will estimate the person’s income for the substitute return based on information it is able to gather.
Usually a letter is sent to the individual notifying him or her of the The best prices for are gathered at our store and if you want to take advantage of our deals, as we offer it for only 0.49 USD! substitute return and then the IRS proceeds with filing the substitute tax return on such person’s behalf. Furthermore, the substitute return is filed in the best interest of the U.S. Government; the IRS assumes the person has no deductions or expenses other than the standard deduction which is inclusive of one personal exemption.
As a result of this activity, the tax owed under the substitute return will generally be more than the actual, due to other deductions. Credit is not provided in the substitute return by the IRS, such as:
- Exemptions for spouses
- Exemptions for children
- Interest and taxes on your residence
- Cost of any stock or real estate sales and business expenses
Settle Taxes and Offer in Compromise
One of our major services is to help our clients resolve their tax debts for the lowest amount possible. Before entering into a settlement with the IRS for the tax liability, we look at all of our client’s settlement options that may be available to them to reduce the tax liability at issue.
Common settlement options include
- Payment plans,
- Partial pay agreements,
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- An offer in compromise.
While the IRS creates new settlement plans, we include these options in our
analysis. We also work to set up favorable monthly installment agreements that benefit our clients.
The best and most well-known settlement option is the “Offer in Compromise” (OIC) program. It is an agreement between a taxpayer and the IRS that resolves the taxpayer’s tax debt for some portion of the tax, penalties, and interest due.
Under certain circumstances the IRS has the authority to compromise or settle federal tax liabilities by accepting less than full payment.
The IRS STATS
IRS statistics narrate that the average offer in compromise results in the taxpayer paying thirteen cents on the dollar to settle an IRS tax debt. This does not mean that each and every submitted offer will be accepted. Generally most of the offers are rejected by the IRS.
The IRS never processes unknown numbers of OIC submissions. In case of rejection, the client’s OIC may be resolved in the appeal process.
an offer in compromise is well known in settling IRS tax debts, it can be an extremely complicated, tedious and lengthy process.
The IRS may take a time period of two years to completely review an offer in compromise; penalties and interest continue to accumulate during this time period. As part of the offer in compromise process, our clients must provide full financial disclosure to the IRS of their finances and tax returns, which may activate an audit or further investigations. Due to these and other complexities, the taxpayer should hire qualified tax professionals to organize their offer in compromise and negotiate with the IRS.
We have a team of seasoned tax professionals to submit an offer in compromise for our clients and guide them through the settlement process.
Cease IRS Wage Garnishments and other IRS Levies
Wage Garnishment is one of the most aggressive methods, used by the IRS to collect back taxes through levies on wages. The IRS has the right to notify a person’s employer that such person has a back tax debt.
The employer is then required by law to send a significant portion of each of the accused person’s paychecks directly to the IRS to offset the debt. The dollar amount sent to the IRS for the wage garnishment depends on
person’s filing status, the number of exemptions the person claims and how often the person gets paid.
In the IRS’ fiscal year 2007 (October 1, 2006 through September 30, 2007), the IRS issued approximately 3.8 million wage garnishments and levies, combined, against taxpayers, which is a 38.5% increase over the wage garnishments and levies issued by the IRS in its fiscal year 2005 (October 1, 2004 through September 30, 2005) and a 1,700% increase over the number of wage garnishments and levies issued by the IRS in its fiscal year 2000 (October 1, 1999 through September 30, 2000), according to the Fiscal Year 2006 and 2007 IRS Enforcement and Service Statistics.
Salary garnishment (monetary judgment) can lead to grave problems in a person’s personal and financial life. If the IRS is garnishing wages, they usually also file a Federal tax lien. Unless a taxpayer can prove of any financial hardship caused by the charge the IRS will not stop or reduce salary garnishment.
By law, the IRS must trim down the garnishment amount to accommodate financial hardship a levy would create. The exact reasons that may be invoked to reduce a taxpayer’s wage garnishment which should include secured debt payments and living allowances for food, rent, etc. The IRS will normally require that the client be in compliance with all filing requirements for all tax returns. Reducing or eliminating a wage garnishment will provide the levitra for sale canada client some time to take action for the settlement of what he or she owes. The IRS usually levies wages to force a person to take action or after all other attempts by the IRS to collect the delinquent tax returns have failed.
We assist our clients in stopping or reducing wage garnishments by getting our clients back in compliance with the requirement to file their tax returns and negotiate a release of their wages from the levy based on the applicable IRS regulations limiting garnishment amounts. Our tax professionals have been successful in securing a release or reduction in wage levy through.
- An Installment Agreement for the client to pay the tax debt in monthly installments over a given period of time,
- Providing financial information about the client showing the hardship created by the levy
- Submitting an Offer in Compromise to settle the client’s tax debt for less than the actual amount originally owed.
Recover Property Seized by the IRS
The Internal Revenue service (IRS) has the power to seize assets and place liens on property to satisfy unpaid and delinquent taxes. Since the IRS’s fiscal year ended September 30, 2000, IRS property seizures have increased nine fold to 676 seizures for the year ended September 30, 2007. Similarly, the IRS has filed a significant number more liens since the year ended September 30, 2000 (when the IRS filed approximately 287,000 liens). In the year ended September 30, 2007, the IRS filed approximately 683,000 liens against taxpayers, an increase of 238% from the number of IRS liens filed in 2000.
When an IRS levy is issued, the bank is legally obligated to immediately freeze any and all of the person’s accounts. The bank must then hold those funds for 21 days, giving the person time to resolve the debt. If the person has not resolved the debt in those 21 days, the bank must send those funds to the IRS.
The IRS can take and sell any property, such as a boat, car or even a house. We address liens and property seizures through various approaches. Depending on the client’s situation, we may request a Stay of Collections with the IRS for up to a 90-day period. If the Stay of Collections is granted, the IRS will not contact our client about his or her back taxes. During the Stay of Collection, our tax professionals use that period to resolve the tax debt with the IRS, whether by an installment plan or an Offer in Compromise or some alternative settlement.
When a client has received a notice from the IRS that they will be subject to an audit or that the IRS will be adjusting a client’s taxes, we act as a “Tax Representative” and appear before the IRS on the client’s behalf to provide the tax audit that preserves the client’s rights. We represent clients in normal audits, audit letters, and even fraud audits and civil level criminal investigations.
Advantages of using a tax representative for an audit, tax adjustment or criminal investigation are:
- The client does not have to present himself/herself at the audit. This means that the IRS agent does not get to question the client in person regarding the small details of their return in order to explore other areas and expand the scope of the audit.
- Even the playing field. If a client represents himself in a tax audit, the IRS auditor assumes that the client knows the tax laws and regulations as well as the highly qualified IRS auditor conducting the audit. The IRS agent will also assume the client knows the Internal Revenue Manual (IRM) as well as the agent does.
Our tax representative services in audits and audit appeals include:
- Acting as an intermediary between the IRS and the client,
- Rescheduling the audit if necessary,
- Requesting specific information from the IRS related to the matter under investigation,
- Defending the client’s tax return at the audit (to the extent of any legal position taken by the client),
- Receiving any findings from the IRS and negotiating to reduce any proposed settlement.
In the event of an audit appeal, we will
- Prepare and file a protest of the IRS examiner’s determination,
- Plan the appeal and coordinate with the assigned appeals division,
- Confer with the IRS to discuss why the examiner’s findings were erroneous and attempt to negotiate the terms towards a solution.
If an appeal is not successful and the client wants to pursue the appeal further, we work with the client and assign an attorney who can file a tax court petition on the client’s behalf. We do not advocate or defend any illegal position at an audit or audit appeal.