Regular Post
Written by Scott Allen

Tax Debt Advisors—How does an IRS tax lien affect my credit score?

You will notice your credit score nosedive significantly once the IRS files a tax lien against you in Scottsdale AZ.  It is much easier to prevent a tax lien than getting one removed after the fact.  Also, once a tax lien is filed your credit will be damaged even if the IRS releases your tax lien.  If you are seeking a loan and you have a Scottsdale AZ certificate of IRS lien release, most banks will give you a loan but you may still have to pay a higher interest rate simply because the lien was filed in the first place.

Once a lien has been filed, your only real option is to take the matter to the IRS Office of Appeals.  The first question the Appeals Office will ask you is why you didn’t you file an appeal before the tax lien was filed.  And you better have a good reason.  Ignoring IRS notices until you want something is not the best way to win friends and influence people at the IRS.

Some IRS options will either eliminate the tax lien (Offer in Compromise), or eliminate the tax debt and possibly the tax lien (Chapter 7 Bankruptcy).  Scott Allen E.A. of Tax Debt Advisors has the expertise to minimize the negatives of having an IRS problem.  He is available for a free initial consultation and can be reached at 480-926-9300.

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IRS Problems, IRS Tax lien problems
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Regular Post
Written by Scott Allen

Tax Debt Advisors—Do I qualify for Tempe AZ Innocent Spouse Relief?

Most Tempe AZ taxpayers who are married file jointly to get many tax benefits denied to married filing separate returns.  Both taxpayers who file jointly are liable for the tax debt including any interest or penalties—jointly and severally even if they later divorce.  Joint and several liability means that each taxpayer is liable for the entire debt.  This is true even if one spouse earned all of the income or claimed improper deductions and credits.  Even if a divorce decree states that a former spouse is responsible for any taxes due on joint returns previously filed, the IRS will come after both spouses for the entire amount.

There are three types of relief from joint and several liability:

  • Innocent Spouse Relief—will protect you from the additional tax over and above what you owed on your originally filed return, from under reported income or improper deductions and credits taken on original return.
  • Separation of Liability Relief—allocates the additional tax owed between your and a former spouse that was not reported on your originally filed joint return.  The allocated amount is what you are responsible for.
  • Equitable Relief—may apply when you do not qualify for innocent spouse relief or separation of liability relief for an improperly filed joint return which is attributable to your spouse.

You must apply for Tempe AZ innocent spouse relief or separation of liability relief not later than 2 years after the date the IRS first attempted to collect the tax from you.  For equitable relief, you must apply for relief during the statute of limitation period the IRS has to collect the tax.

If you are seeking a free initial consultation for these types of relief from taxes owed, contact Scott Allen E.A. of Tax Debt Advisors.  Schedule your appointment by calling 480-926-9300.

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IRS Appeals, IRS Problems
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Regular Post
Written by Scott Allen

If you need assistance with Innocent Spouse Relief in Phoenix AZ call Scott Allen, E.A.

Phoenix AZ Innocent Spouse Relief is a complicated program that usually requires the services of a professional with expertise in this area of IRS relief.  If granted the taxpayer can be relieved of tax, interest and penalties on a jointly filed return.  When the “innocent spouse” gets a notice from the IRS asking for money on a return that was previously filed it is a big surprise.  The IRS will determine if it is unfair to hold a spouse liable for taxes as a result of improper filing(s).  The innocent spouse must not be aware that their spouse knowingly committed tax fraud.

There are three type of Innocent Spouse Relief with different requirements for qualification.  They are: 1) Typical Innocent Spouse Relief requirements, 2) Relief by Separation of Liability requirements and 3) Equitable Relief requirements.  Scott Allen E.A. offers a free consultation to review your chances of seeking and getting relief.  Scott can be reached at 480-926-9300 and he will make that appointment a great day for you!

Phoenix Arizona’s Premier IRS Resolution Specialist

IRS Appeals, IRS Problems
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Regular Post
Written by Scott Allen

Call Scott Allen E.A. to do your Tempe AZ IRS Offer in Compromise

On May 21, 2012, the IRS came out with another option to its “Fresh Start” initiative called the Offer in Compromise (OIC) program.  The purpose of this program is to give taxpayers that have little or no hope of catching up on past taxes, eliminate their IRS problem by paying a fraction owed and staying in compliance afterwards.

Changes were made to the calculations to determine a taxpayer’s future income, allowing taxpayers the ability to pay back their student loans, delinquent state taxes and allowing more living expenses.  All of these changes reduce the amount the IRS will expect to be paid to eliminate your tax liability.  During the last five years, 258,000 offers were submitted and only 68,000 accepted.  That’s only about 1 in 4.  Most of the problems were errors in calculating the amount of the offer and maintaining constant communication with the IRS personnel assigned to your case.

The IRS estimates that these revisions will result in a 75% reduction in the amount of the OIC paid back within 5 months and a 60% reduction if paid back within 2 years.  Scott Allen E.A. near Tempe AZ has the expertise to advise, file and get acceptance of your Offer in Compromise.  He offers a free initial consultation and can be reached at 480-926-9300.

www.ScottAllenEA.com

 

IRS Problems, Offer In Compromise
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Regular Post
Written by Scott Allen

Call Scott Allen E.A. if you have Arizona State Payroll Tax Problems

It is not uncommon for Arizona businesses that are behind on their Federal payroll taxes to also owe State payroll taxes.  The penalties and interest on not filing and paying on time to your state are as punishing as federal penalties and interest.  The consequences of delaying your action can make the difference between staying in business or closing your doors in Arizona.

Scott Allen E.A. has the expertise to guide you towards a solution that will allow you to keep your business and get caught up on your state payroll taxes.  Scott offers a free consultation.  He will not take your case unless it is in your best interest.  That’s why his company Tax Debt Advisors has been in business for over 36 years.  Scott can be reached at 480-926-9300.  He promises to give you straight answers and follow through service.  He will make your appointment date a great day for you!

www.ArizonaTaxProblems.com

 

Payroll Tax Problems
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Regular Post
Written by Scott Allen

Consider Scott Allen E.A. if you have Chandler AZ IRS Payroll Tax Problems

One of the biggest surprises to new business owners in Chandler AZ is the huge cost of payroll taxes.  The second surprise is the amount added to that bill when they fail to file and pay on time.  Most businesses that fail, owe payroll taxes on their last day in business.  But it doesn’t stop there.   IRS payroll tax liabilities transfer over to the business owner after they go out of business.  They are not even dischargeable in a bankruptcy.  So they have to be dealt with sooner or later and soon is much better than later.

Scott Allen E.A. near Chandler AZ has the ability to not only deal effective representing you before the IRS but he has the expertise to advise you in dealing with the realities of your IRS payroll tax debt.  Scott Allen E.A. offers a free consultation.  He can be reached at 480-926-9300.  He will only take your case when it is in your best interest.  That’s why Tax Debt Advisors, Inc. has been in business for over 36 years.

www.stopIRSaction.com

IRS Problems, Payroll Tax Problems
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Regular Post
Written by Scott Allen

Call Scott Allen E.A. if you are behind on your IRS 941 Taxes in Buckeye Arizona

Getting behind on your IRS 941 taxes in Buckeye AZ is like being diagnosed with Stage 4 cancer.  It’s not terminal but it will be soon if you ignore the problem.  If you are borrowing, by not paying your payroll taxes, 90 out of 100 companies cannot afford to pay back the taxes, interest and penalties unless they have a professional with the expertise to negotiate a plan with the IRS on your behalf that you can live with.  Remember the penalties equal the amount of the tax—100%.  Don’t borrow from the Bank of IRS.

Call Scott Allen E.A. as soon as possible if you are not able to stay current on your Buckeye Arizona IRS 941 taxes.  Scott Allen E.A. can be reached at 480-926-9300 for a free consultation.  His company, Tax Debt Advisors, Inc. has been helping businesses get IRS relief since 1977.  That’s over 36 years.  When it comes to resolving IRS 941 taxes, experience counts.

www.ScottAllenEA.com

 

IRS Problems, Payroll Tax Problems
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Regular Post
Written by Scott Allen

Mesa AZ IRS Tax Debt: Call Scott Allen, E.A.

Having an IRS tax debt is like carrying around a 50 lb. load of bricks on your back—even when you are asleep or trying to sleep.  Most individuals are unaware of what options are available and what rights they have regarding their settlement with the IRS.  It’s like trying to sell your home.  Some can do a “For Sale by Owner,” but most require the services of a real estate agent.  It is the same with IRS tax debt in Mesa AZ.

Scott Allen E.A. has the experience, expertise and relationship to provide you the most aggressive IRS tax settlement allowed by law.  Scott offers a free consultation and can be reached at 480-926-9300.  The best way to know if Scott is your guy is to meet with him face to face.  Let him review your IRS tax debt and suggest the right option to settle your tax liability.  You will be glad you did.  He will make your appointment with him a great day!

www.stopIRSaction.com

– – info@taxdebtadvisors.com

IRS Problems
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Regular Post
Written by Scott Allen

Call Scott Allen E.A. of Arizona if you are contacted by the IRS Automated Collection System (ACS)

Always remember that the IRS is a debt collection agency—there is no service if you are contacted by the Automated Collection Service or ACS.  When the IRS wants what is “theirs” (the IRS), you will either be contacted by a local Revenue Officer in Arizona, or the Automated Collection System.  Take ACS very seriously, since they have the authority to set up payment plans, issue levies against bank accounts and wages and initiate tax liens.

Dealing with ACS can be frustrating to say the least.  You can be put on hold for long periods of time, always getting a different person every time you call, not being knowledgeable of tax laws for settlements and just following a computer prompting regardless of what you actually need.  There are many other deficiencies with ACS and that is why I recommend you to get a free consultation with Scott Allen E.A. in Arizona before you talk to them.  Scott will make available beforehand all your options and he will negotiate with ACS on your behalf.  Scott can be reached for an appointment at 480-926-9300.  Let him make that day a great day for you!

www.stopIRSaction.com

– – info@taxdebtadvisors.com

IRS Problems
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Regular Post
Written by Scott Allen

Call Scott Allen E.A. near Scottsdale AZ to get a Hardship Offer in Compromise

There are certain situations where the IRS will accept an Offer in Compromise when the taxpayer does not qualify under the “normal” rules.  These Offers in Compromise are referred to as Effective Tax Administration Offers.  These Offers take into consideration exceptional circumstances including:

  • The taxpayer is on disability can cannot work.
  • If the taxpayer sold his assets they could not pay for their necessary living expenses.
  • Elderly taxpayers who do not have the ability to work and pay back the taxes owed.

The taxpayer must have a good past record of filing and paying their taxes.  These kinds of Offers are hard to get IRS approval.  Young taxpayers who are able to work are not likely to be approved.  If you feel you might qualify for a Hardship Offer in Compromise in Scottsdale AZ, contact Scott Allen E.A. at 480-926-9300.  He offers a free consultation and will give you straight answers.

www.ScottAllenEA.com

– – info@taxdebtadvisors.com

IRS Appeals, IRS Problems, Offer In Compromise
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