Regular Post
Written by Scott Allen

How long does it take for the IRS to release a tax lien after I pay off the liability?

The IRS has 30 days to release a federal tax lien in Peoria Arizona after it has been paid off or the statute of limitations has passed.  IRS Code Section 6325 (a) also requires the IRS to send you a copy of the Certificate of Release of Federal Tax Lien.  But this is not a perfect world.  So if you do not have the release within 35 or 40 days, you need to contact the IRS and remind them of their duties.

If you are in dispute with the IRS over your IRS tax lien, call Scott Allen E.A. of Tax Debt Advisors, Inc. for a free Peoria AZ initial consultation.

– – info@taxdebtadvisors.com

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

What to do when the IRS Freezes my Bank Account in Arizona?

This is one of the best actions the IRS takes to get an Arizona taxpayers attention.  When the levy hits your back account, all funds in the account up to the amount of the levy are frozen.  You have 21 days to get the problem corrected before the bank is required to send your money to the IRS.  If you owe the amount of the levy, the IRS will more than likely get the amount levied unless you can prove the loss of the money will cause an extreme hardship.  An IRS levy is a one time event and will not affect future deposits.  However, there are always exceptions to IRS actions and rules.  For example, if a Revenue Officer issued the bank levy, they can continue to send levies against the bank account to get more of your money.  The best course of action is to resolve your IRS tax debt using an AZ professional IRS resolution company.  Scott Allen E.A. of Tax Debt Advisors, Inc. can provide you with all of your settlement options.  Scott provides a free initial consultation.  Contact Scott Allen at 480-926-9300 as soon as you get notice of a levy on your bank account.

– – info@taxdebtadvisors.com

IRS Levy, IRS Problems
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Regular Post
Written by Scott Allen

How to Avoid Making your Arizona IRS Problem Worse?

Most clients who have an Arizona IRS tax debt have actually made their problem bigger out of fear.  By following a few steps, you can minimize your IRS matter and make your settlement quicker and more favorable.
  1. Respond quickly to all IRS correspondence.  If you don’t understand what the IRS is asking, get professional help.  There are important deadlines that if missed will make your matter worse and take longer to get it settled.  You may miss out on certain settlement options if deadlines are missed.  It is imperative that you keep all of your options open if you want the best possible settlement.
  2. If you have unfiled returns, find a Mesa AZ professional that can file your back tax returns. Returns filed by the IRS usually result in much higher tax debt, interest and penalties.  Don’t fear that you can’t file a return because you have lost certain records.  Returns can be “created” accurate enough for IRS acceptance with professional assistance.
  3. Almost all IRS correspondence will allow you to have your case put on hold if you contact them before missing the deadline.  This will give you time to seek professional help and take the correct action.
Procrastination is self-administered poison when dealing with IRS problems in.  Get professional help in Arizona as soon as possible and your options will improve immensely.  Get the settlement you are seeking.  Don’t paint yourself into a corner.  Call Scott Allen E.A. of Mesa AZ today at 480-926-9300 and schedule a free initial consultation.

– – info@taxdebtadvisors.com

IRS Problems, Unfiled Tax Returns
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Regular Post
Written by Scott Allen

Know if You Should File a Collection Due Process Appeal

If you file a Collection Due Process Appeal, you will effectively put a hold on any IRS action to collect the tax debt until you have a hearing with an Appeals Officer.  In most cases this is the proper action to take to make sure you have time to present a settlement option that will be in your best interest. However, there are times when filing a Collection Due Process Appeal will do you more harm than good.

Two examples of when you would not want to file for a CDP Appeal are when you want the statute of limitations to run out or you want to discharge your tax liability in bankruptcy.  The CDP Appeal affects the 3 year rule and 240 day rule with regards to when a bankruptcy can be filed to discharge your tax debt.

An Arizona IRS resolution professional can provide essential advice in this area.  Contact Scott Allen E.A. of Mesa AZ at 480-926-9300 to schedule a free initial consultation.  The decision of whether to file a CDP Appeal is too important to make on your own.  Your success in settling your IRS problem will depend on taking the rights steps that provide you the right settlement option.

– – info@taxdebtadvisors.com

IRS Appeals, IRS Problems
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Regular Post
Written by Scott Allen

Is the IRS Still Accepting Offers in Compromise?

Yes, but…  The bad news is that over the last two decades the numbers of offers being accepted has been in decline.  The good news is that a higher percentage of offers applied for are being accepted.  Why?  Many tax payers and companies representing tax payers filed offers that were outside of the rules.  Most of the companies filing frivolous offers have gone out of business and left their clients stranded and in much deeper trouble with the IRS.  Avoid companies outside of your area that you cannot meet face to face.  They make promises they cannot keep.  Avoid being taken because they tell you what you want to hear.  The following is an action list that must be kept to get acceptance of your offer:
  • Make sure you can file and pay on time.  This means having enough withholdings if you are an employee or making estimated tax payments.  Prepare your return in February to give you time to come up with any amount due by April 15 and avoid filing extensions.  All past returns must be filed to be included in the offer.
  • Consider using a Mesa AZ tax professional to help you through the paperwork maze.  Even small errors will cost you big time—by having your offer rejected or having the IRS counter your offer with a much higher amount to pay.  The IRS will require proof of all expense tems included in your financial statements.
  • Consider all of your settlement options before filing an Offer.  Many times the best settlement option is not an Offer.  This is another reason to have a tax professional in Mesa AZ on your side.
  • When the IRS requests additional information, respond promptly.  Any delay will increase the chances that your offer will be rejected, lost or transferred to another IRS employee.
Tax Debt Advisors, Inc of Mesa Arizona offers a free initial consultation to discuss your potential Offer in Compromise or other tax matters.

– – info@taxdebtadvisors.com

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

The IRS in Arizona Garnished My Wages, Now What?

Arizona IRS Garnishment

If you have not been in contact with the IRS about your IRS tax liability, eventually the IRS will garnish your Arizona wages.  Once this has happened, you need professional help to know your options as well as your rights. You need to work out a settlement with the IRS before the garnishment is removed.  If you have unfiled returns, that is the first place to start.  Next you need to know how much you owe.  And finally, you need to have a settlement agreed to before your wage garnishment is lifted.  Tax Debt Advisors, Inc. of Arizona has the expertise to quickly take you through all the steps necessary to stop the garnishment.  Call Tax Debt Advisors, Inc. for a free consultation at 480-926-9300.  They have been releasing IRS wage garnishments since 1977.

 

IRS Levy, IRS Problems, IRS Wage Garnishment, Tax Levy, Unfiled Tax Returns
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Regular Post
Written by Scott Allen

Tempe Arizona IRS Audits and IRS Tax Court Notices

Tempe AZ IRS Audits

Tax Debt Advisors Inc has be representing clients with Tempe AZ IRS Audits and responding to IRS Tax Court Notices for over three decades. Neither of these two notices mean that you have done anything wrong or dishonest. However if you do not respond appropriately you will be treated as if you had done something wrong or dishonest.  AZ IRS Audits are successful when there has been correct preparation of the documentation to support deductions and expenses. IRS tax court notices require correct tax returns be filed. If you desire representation, a power of attorney must be filed with the IRS. The power of attorney allows your representative to handle all matters with the IRS and negotiate on your behalf.  Scott Allen E.A. has the expertise to handle both IRS audits and tax court issues in Tempe AZ. Scott Allen E.A. of Tax Debt Advisors Inc can be reached at 480-926-9300. Scott will not take your case unless it is in your best interest.

 

IRS Problems, IRS Tax Audits, Tax Advisor
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Regular Post
Written by Scott Allen

What options do I have now that the IRS has filed an Arizona Notice of Federal Tax lien?

Arizona Notice of Federal Tax Lien – IRS

If you want to sell an Arizona asset that has a tax lien, the IRS will discharge the property so that you can sell your property free of the tax lien.  All of the proceeds of this sale must go towards the AZ tax debt.  If you want to get a loan on real estate you can request a subordination which leaves the tax lien on the property but allows the creditor to be ahead of the claim that the IRS has with the tax lien.  The process of the loan must be applied to the tax debt.  A withdrawal of the tax lien eliminates the public notice of federal tax lien and gives creditors assurance that the IRS has no claim against the asset.

If you are considering selling an asset in Arizona or borrowing against an asset and have an IRS tax lien, consider a free initial consultation with Scott Allen E.A. of Tax Debt Advisors.  Tax Debt Advisors has the expertise to work with the IRS on your behalf.  Call 480-926-9300 to schedule your appointment.

 

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

Mesa AZ Tax Debt Advisors—How do I prepare to meet with an IRS Appeals Officer?

Mesa AZ Tax Debt Advisors

If you have requested a hearing before the IRS Office of Appeals near Mesa AZ you will eventually get a letter or phone call to schedule an appointment to meet with an IRS Appeals officer. This is the most opportune way to get your side of the story heard and reduce your tax liability. The Appeals Office is more willing to compromise on grey areas than an IRS Revenue Officer or IRS Agent. It is best to acquire professional assistance before meeting with an Mesa AZ IRS Appeals Officer.

Consider a free initial consultation with Scott Allen E.A. of Tax Debt Advisors. Scott can advise the best way to prepare for the hearing with the IRS Appeals Officer and will not take your case unless it is in your best interest. Call today at 480-926-9300 to schedule an appointment.

 

IRS Appeals, IRS Problems, Unfiled Tax Returns
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Regular Post
Written by Scott Allen

What is an IRS currently not collectible status and can Tax Debt Advisors help?

Chandler AZ Currently Not Collectible Status

Believe it or not many Chandler AZ taxpayers qualify for currently not collectible status. This means that the taxpayer is not required to make a payment on their tax debt. This is true no matter how much you owe. Before the IRS will grant this status, your financials must show that your income and allowable expenses are essentially equal. The IRS does not like to put someone into this status unless they really qualify. That is why having a Chandler AZ IRS tax professional like Scott Allen E.A. of Tax Debt Advisors represent you.

That is the good news. The bad news is that interest and penalties continue to accrue on the tax liability. So you have to have an exit strategy that works for you. The statute of limitation is 10 years. That is a long time to wait for the liability to go away. However for many clients that works fine. The IRS will also file a tax lien which attaches to any assets you own or purchase in the future. Call Tax Debt Advisors at 480-926-9300 to schedule a free initial consultation.

 

BACK TAX RETURNS, IRS Levy, IRS Problems
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