Regular Post
Written by Scott Allen

Tax Debt Advisors—What do I do when the IRS says I owe more money?

Help From Tax Debt Advisors in Mesa

More than likely you received an IRS CP-2000 notice.  This came because you did not report income items that were reported to the IRS.  Most of the time the IRS records are correct but often the tax due is not.  There are situations where a taxpayer reported the income but didn’t report it where the IRS computers expected to see it reported, or it was reported incorrectly on the IRS tax form.  Often there are tax deductions that were not taken that will appropriately off set the taxable income.  So don’t give up hope that you are going to owe the IRS.  Many times these notices come from stock sales not reported.  When the IRS sends you a notice that you did not report a sale of stock of $100 which is true, they do not know that you paid $300 for the stock.  Instead of owing more taxes, you have a refund due to your $200 loss.

Scott Allen E.A. of Tax Debt Advisors in Mesa has the expertise to advise you on all IRS problem areas.  Tax Debt Advisors in Mesa offers a free initial consultation for Mesa Arizona residents and can be reached by calling 480-926-9300.

www.taxdebtadvisors.com – Your Mesa Arizona IRS negotiator for CP-2000 notices.

Recent Success by Tax Debt Advisors in Mesa AZ

Scott Allen EA of Tax Debt Advisors in Mesa AZ was able to help out Laurie with her CP-2000 notice. Upon correcting some taxable income documents we were able to reduce her tax bill from nearly $11,000 down to $1,800. This was also on a tax year that was from six years prior.

Tax Debt Advisors in Mesa CP-2000 notice

 

BACK TAX RETURNS, IRS Problems, IRS Tax Audits
0
Regular Post
Written by Scott Allen

Offer in Compromise in Arizona: IRS help from Tax Debt Advisors, Inc

IRS Offer in Compromise in Arizona —The sad truth.

The sad truth about Offers is that fraudulent tax representatives have benefited more from this program than the IRS.  If you have any question as to who I am referring to, here is the list—any company on TV, any company who has a centralized office in another state and operate with satellite offices filled with sales people, and any company that uses the phrase, “settle for pennies on the dollar.”

This is what we have learned over the last 45 years of tax representation.

  • Only 2-3% of the individuals we have met qualified for an Offer in Compromise that could pay the amount of a legitimate Offer.  If you insist on pursuing your Offer at least get a second opinion.
  • Of the 1000’s of rejected Offers we have reviewed that were prepared by fraudulent representatives over the last 45 years, less than 100 were legitimate and worthy of taking to the Office of Appeals.
  • Within 10 minutes I can tell you if your IRS offer in compromise in Arizona amount is reasonable.  But to do so, let me know two facts.  One, what amount do you qualify for as an installment arrangement and two, how much equity do you have in any assets such as a home, vehicles, retirement plans or cash in the bank.  Your Offer amount must be 12 times your monthly payment plan plus any equity you have in any assets.  If you still need a more professional opinion—Call me for a free initial confidential consultation.
  • If you qualify for an IRS offer in compromise in Arizona, we can file it and get it accepted as long as you provide us with accurate and complete information.

Finally, why do an Offer if it isn’t going to work?  I will calculate the amount of your Offer and provide you with all of your other settlement options.  Don’t be defrauded because you hear something you want to believe.  Get the truth from someone that will give you all of your options that will work.

Offer in Compromise in Arizona:  IRS help from Tax Debt Advisors, Inc

Mesa, Apache Junction, Avondale, Buckeye, Carefree, Cave Creek, Chandler, El Mirage, Fountain Hills, Gila Bend, Gilbert, Glendale, Goodyear, Komatke, Litchfield Park, Luke AFB, Paradise Valley, Peoria, Phoenix, Queen Creek, Scottsdale, Sun City, Sun Lakes, Surprise, Tempe, Tolleson, Waddell, Whitman, Wickenburg, Youngstown, Flagstaff, Tucson, Payson, Winslow, Sierra Vista, Page, Prescott, Globe, Yuma

www.TaxDebtAdvisors.com

BACK TAX RETURNS, IRS Problems, IRS Tax Attorney, IRS Tax lien problems, Offer In Compromise, Tax Attorney Arizona
, ,
0
Regular Post
Written by Scott Allen

Call Scott Allen E.A. to file your IRS Audit Reconsideration in Scottsdale Arizona

IRS Audit Reconsideration in Scottsdale Arizona

If you have been audited and afterwards come across information that will substantiate your deductions, you are allowed to request an IRS audit reconsideration in Scottsdale Arizona.  This procedure also applies to audits that were not attended and the IRS disallowed all deductions.  An audit reconsideration can take considerable time for the IRS to review the paper work that must accompany the request.

If you have an IRS matter that you feel qualifies for an IRS audit reconsideration in Scottsdale Arizona, call Scott Allen for a free consultation.  He has the expertise to file and get your tax liability reduced or eliminated through this program.  Contact Scott Allen E.A. at 480-926-9300 to schedule your appointment.  Scott will only take your case if it will benefit you.

Recent case:

Scott Allen EA was able to assist David with his IRS audit reconsideration in Scottsdale Arizona. The IRS made an assessment against his 2018 tax return. This assessment resulted in an account balance due of $6,641.50. David had put this off and didn’t schedule an appointment to meet with Scott until 2022. After a careful review of his account and investigating the IRS records and also the taxpayers records Scott Allen EA knew he could save David some money and get the account balance reduced. He was exactly right. If you view the IRS adjustment letter below you can see that the account balance was reduced by $2,882.55. Never believe it is too late to resolve problems with the IRS. Some things are subject to a statute of limitations but many things are not. Always consult with an Enrolled Agent (E.A) if you are experiencing IRS problems.

David’s IRS Audit reconsideration in Scottsdale Arizona

 

IRS Problems, IRS Tax Audits, Tax Debt Advisors Reviews
,
0
Regular Post
Written by Scott Allen

Call Tax Debt Advisors if you receive a Federal Tax Levy

Mesa AZ Federal Tax Levy Help

A Mesa AZ federal tax levy can take your wages, state refunds and your bank accounts.  The levy will end when the IRS issues a levy release, or you have paid your IRS tax liability, or the statute of limitations expires for legally collecting the IRS tax liability.

If the IRS issues a Mesa Arizona levy against your bank accounts, the bank puts your funds on hold up to the amount you owe the IRS for a period of 21 days.  This allows you time to work out any issues before the bank is required to send the funds to the IRS.  If you incur bank charges as a result of a mistake made by the IRS, you are entitled to have the IRS reimburse you.

If you are under the burden of a federal tax levy in Mesa AZ, seek out professional help immediately. Scott Allen E.A. of Tax Debt Advisors has the expertise to minimize the damage a Mesa AZ federal levy can wreck on your personal finances.  If you would like a free initial consultation, call 480-926-9300 to schedule an appointment.
Arnold got his Mesa AZ federal tax levy stopped with a currently non collectible status negotiation by Scott Allen EA. All six years that he owed the IRS for was put into this status. For the time being he does not have to make any payments on his back taxes owed. What a great relief this was for Arnold.

Mesa AZ Federal Tax Levy

 

IRS Levy, IRS Problems, IRS Tax lien problems
,
0
Regular Post
Written by Scott Allen

What is the Difference between an IRS Tax Levy and an IRS Tax Lien?

IRS Tax Levy & IRS Tax Lien in Phoenix

IRS TAX LEVY IN PHOENIX—The intent of a levy is to take money from your bank accounts, accounts receivables, wages and retirement accounts.  Exemptions from levy include unemployment benefits, worker’s compensation, most house hold items and tools used in your trade.

Before the IRS can levy on your property, you will be sent a letter stating FINAL NOTICE OF INTENT TO LEVY.  You are given 30 days to file an appeal.  The IRS cannot take any levy action until your appeal hearing is completed.  You can also stop levy action by entering into a bankruptcy, file an offer in compromise, enter into an installment arrangement or qualify for non collectible status.  In rare instances the IRS can seize your home but must first get court approval.

IRS TAX LIEN IN PHOENIX—A lien secures the IRS claim against your property.  The lien will automatically attach to any property you own and property you later purchase.  When a lien is filed the IRS has the same rights as your mortgage company, but they are in a second position after the mortgage has been satisfied.  If you sell your house, after the mortgage has been paid, the IRS has claim on any remaining equity up to the amount of tax, interest and penalties owed.

The filing of an IRS lien is public information and is done at the county recorder’s office.  An IRS tax lien must be filed in the county you own real estate for it to have any affect on your property.  A tax lien does not identify the property it encumbers.  You have 30 days to dispute the filing of a tax lien.  This is called a collection due process appeal.  In most cases, a tax lien will expire ten years after the taxes were assessed.  There are certain actions that taxpayers can take that will extend the statute of limitations, such as filing a bankruptcy or offer in compromise.  Care should be taken to evaluate the negative impact of extending a statute of limitation against the benefits of the action being considered.

Scott Allen E. A. & Tax Debt Advisors, Inc  Helping taxpayer’s with IRS tax lien and IRS tax levy in Phoenix Arizona.

For more info: taxdebtadvisors.com

 

IRS Levy, IRS Problems, IRS Tax lien problems, Tax Debt
,
0
Regular Post
Written by Scott Allen

Do Phoenix Arizona IRS Tax Attorneys Provide Personal Service?

Phoenix Arizona IRS Tax Attorneys

The number one complaint we hear from our clients about Phoenix Arizona IRS tax attorneys is the lack of personal service and lack of responding to questions that are understood, or simply returning phone calls.  The sad part is that we hear this complaint occasionally from clients who we referred to Phoenix Arizona IRS tax Attorneys that we have worked with and know are much better at providing personal service that the typical attorney.

The response to your questions by a Phoenix Arizona IRS tax attorney is usually above the level of understanding of most of their clients.  After providing IRS resolution services for many years, I am convinced that this is either a tactic to limit the number of questions they have to answer or as a part of their attitude of intimidating clients into submission.

Once you have paid your fee to a Phoenix Arizona IRS tax attorney, they have an intense resistance to return phone calls.  They are reluctant to returns calls because they know clients will continue to call when they have concerns and questions—that are often keeping them awake at night.

May we respectfully suggest that you contact Scott Allen E.A with Tax Debt Advisors, Inc at 480-926-9300 for a free consultation.  You will notice the difference immediately about his ability to respond to your questions in a manner you understand the first time.  When you call his office, he will answer the phone unless he is on the phone or with a client—but your call will be returned before he goes on to the next appointment.

Check out a recent success by Scott Allen EA who is NOT a Phoenix Arizona IRS tax attorney. He was able to negotiate six years and $69,000 of IRS tax debt into a currently non collectible status. What does this mean? Randall does not have to make any monthly payments towards his back taxes as long as he files and full pays his current and future taxes on time. A pretty nice settlement for him! Now he can move on to the next chapter in his life with out always worried about the IRS.

Phoenix Arizona IRS tax attorney

 

IRS Problems, IRS Tax Attorney, Unfiled Tax Returns
0
Regular Post
Written by Scott Allen

IRS Tax Lien in Arizona: IRS help from Tax Debt Advisors, Inc

Everything you always wanted to know about an IRS tax lien in Arizona

What is an IRS Tax Lien? 

A tax lien filed by the IRS is public notice to creditors that you owe IRS taxes.  This will cause your credit report to decline significantly.  A lien is also a claim against all real and personal property that you own that you have title to—mainly you home and vehicles.  A lien prevents you from selling an asset like your home and receiving any proceeds from the sale of your home until the amount owed on the lien is satisfied. 

Why is a Tax Lien filed? 

A tax lien is filed only after the IRS has made a bona fide attempt to collect the taxes owed.  Several notices have to be sent warning you about the IRS ability to file a lien against you.  These would include a CP-501, CP-503 and a CP-504.  Each letter gets more threatening and the final notice also warns that the IRS may levy your bank accounts and/or garnish your wages.   

Negative Impact of an IRS Tax Lien?

You will be denied credit when applying for a loan on major purchases such as a vehicle or a home.  Increasingly employers will check your credit before making an offer of employment.  A tax lien will definitely limit your chances of being hired.  An IRS tax lien in Arizona will prevent you from getting a licensed for many professions such as being a financial planner.  Even if you clear up an IRS tax lien, it was continue to be on your credit report long after you have resolved the problem.   

How are IRS Tax Liens Released? 

Your tax lien will be removed when the tax, including interest and penalties has been paid in full. 

If you have an Offer in compromise accepted and pay the agreed amount, your tax lien will be released. 

Once a lien has been filed, you have the right to file an appeal to have a hearing.  If you are successful the lien will be removed but the lien will still appear on your credit report.   

There is a 10 year Statute of Limitations on IRS tax liens.  Tax liens are self releasing and the release date is on the original notice of IRS tax lien you received. 

Will filing a Bankruptcy release an IRS Tax Lien? 

No.  An IRS tax lien in Arizona will survive bankruptcy and continue to be attached to your property until the statute of limitations is satisfied. 

Why Call Tax Debt Advisors, Inc.? 

IRS tax lien representation will be handled exclusively by Scott Allen E. A.  I know how seriously tax liens can wreck havoc on your daily life.  The key is to call me before a tax lien is filed.  I will work exclusively with you until your tax matter is resolved.

If a tax lien has already been filed, I will help you to get your tax liability settled so that you can get your IRS lien released and your credit can be restored.  There are several actions that I will advise you to do with the three major credit bureaus—Experian, TransUnion and Equifax.  Even though the tax lien will still be on your credit report, proper action will allow your credit scores to return back to where they were before the IRS filed a tax lien.

IRS Tax Lien in Arizona:  IRS help from Tax Debt Advisors, Inc

Mesa, Apache Junction, Avondale, Buckeye, Carefree, Cave Creek, Chandler, El Mirage, Fountain Hills, Gila Bend, Gilbert, Glendale, Goodyear, Komatke, Litchfield Park, Luke AFB, Paradise Valley, Peoria, Phoenix, Queen Creek, Scottsdale, Sun City, Sun Lakes, Surprise, Tempe, Tolleson, Waddell, Whitman, Wickenburg, Youngstown, Flagstaff, Tucson, Payson, Winslow, Sierra Vista, Page, Prescott, Globe, Yuma, AZ

Apache County, Cochise County, Coconino County, Gila County, Graham County, Greenlee County, La Paz County, Maricopa County, Mohave County, Navajo County, Pima County, Pinal County, Santa Cruz County, Yavapai County, Yuma County

www.TaxDebtAdvisors.com

 

If you need an IRS tax lien released in Arizona give Tax Debt Advisors, Inc a call at 480-926-9300.  View a recent IRS tax lien release for a current tax client below.

IRS Tax Lien in Arizona

IRS Tax Attorney, IRS Tax lien problems, Tax Levy
,
0
Regular Post
Written by Scott Allen

IRS Offer in Compromise Gilbert AZ and Saved $171,000.00

Mark’s IRS Offer in Compromise Gilbert AZ

Mark was behind on several years of back taxes and owed more to the IRS then he could ever imagine paying back. After Scott Allen EA got him filing compliant by preparing all of his back taxes Gilbert AZ it was time to make a determination on his best settlement option. His income had dropped substantially, he was getting up there in age, and had no assets to speak of really other then his modest vehicle. Scott Allen EA knew he could negotiate all this debt into a low monthly payment plan (say $300 a month or so) and just ride out the ten year statute of limitations. However, Mark didn’t want the IRS hanging over him for that long. Scott Allen EA continued to evaluate his complete financial status and wanted to let Mark know about the IRS Offer in Compromise Gilbert AZ program. The IRS OIC program is a real solution but he cautions everyone that very few people ultimately qualify for it for a number a various reasons. They might have too high of income. They might have assets with available equity. They may have filed many back taxes Gilbert AZ too recently. They may not be making proper estimated tax payments and/or proper W2 withholdings. They may not be able to come up with the down payment or lump sum if the IRS accepted an OIC. Settling a $191,000 for $20,000 is a fantastic deal and almost everyone would take that, but if a taxpayer does not have a way to come up with the $20,000 there is no reason to apply for an OIC to begin with. Long story short, it is important to sit down and speak with your IRS power or attorney face to face before submitting an IRS Offer in Compromise Gilbert AZ.

Mark saved over $171,000 with his IRS Offer in Compromise Gilbert AZ

Check out the IRS acceptance letter dated July 16 2022. It was a tough IRS Offer in Compromise Gilbert AZ to get accepted with a number a various financial things to go over and get approved. Covid 19 and all the delays that occurred because of that. Scott Allen EA also had to take the case to the IRS office of appeals to get some matters accepted as well. At the end of the day, Scott Allen EA fought long and hard for his client, Mark. He did what needed to be done to get the best possible outcome.

IRS Offer in Compromise Gilbert AZ

If you are considering an IRS Offer in Compromise Gilbert AZ please schedule to meet with Scott Allen EA first. He will go over the IRS OIC process but more importantly he will also make sure you know about all the settlement options the IRS has. Scott Allen EA can be your IRS Power of Attorney and represent you from start to finish.

 

IRS Problems, IRS Tax Attorney, Offer In Compromise, Tax Attorney Arizona, Tax Debt Advisors Reviews
,
0
Regular Post
Written by Scott Allen

IRS Power of Attorney: Tax Representation from Tax Debt Advisors, Inc.

IRS Power of Attorney in Mesa AZ

– File back tax returns

– Negotiate IRS & Arizona tax debts

– Never meet with the IRS; let Scott Allen EA represent you before the IRS

It is always best to hire an IRS Power of Attorney for your tax needs locally with someone that is available to fit within your schedule needs.  Call Scott Allen EA if you live in Maricopa County Arizona.

If you live in Mesa, Chandler, Gilbert, Scottsdale, or Tempe Scott Allen EA is no more then a 10-20 minute drive.  Call to schedule a free initial consultation today. See below what he recently did for Margaret from Mesa AZ. She was lost on what to do and needed to get some tax returns caught up and filed and then settle the debt into a low monthly payment plan. You can’t get too much lower than $113 per month. This offered Margaret much relief so she can now go about her daily life without wondering what the IRS may or may not do to her.

IRS Power of Attorney

Scott Allen EA can be reached at 480-926-9300

 

 

IRS Problems, Tax Debt, Unfiled Tax Returns
0
Regular Post
Written by Scott Allen

We are Mesa Arizona’s Top IRS Problem Solvers for stopping IRS levy

Stop Mesa AZ IRS Levy

Jonah and the whale—A story about an Old Testament prophet who refused to accept his divine mission and left on a sea voyage.  God caused a storm and the sailors threw him overboard in an attempt to save their ship. Jonah was swallowed by a whale for three days and vomited out on dry land.  Grateful that his life was spared, Jonah took up his mission from God.

There are some parallels between Jonah and many of our Mesa AZ IRS levy clients. If you consider the whale to be the IRS, many of our clients refuse to accept the fact that they have to deal with the matter until it becomes a crisis.  Until they are in the so called “belly” of the IRS—under a wage garnishment or Mesa AZ IRS levy or seizure of assets—they have chosen to ignore their IRS problem.

If you are in a situation where you now recognize that you need professional help to stop your Mesa AZ IRS Levy, call Scott Allen E.A. for an immediate free initial consultation.  Scott Allen E.A. can be reached at 480-926-9300.  Scott is an experienced expert on stopping IRS levy or IRS wage garnishment as quickly as possible.  He give the highest priority for clients in a crisis or levy situation with the IRS.

See how Scott Allen E.A. was able to stop Mesa AZ IRS Levy for his client Thomas. Thomas owed back taxes for ten different tax years totaling more than $200,000. His payment plan entered into default territory and he received ten letters from the IRS all in the same day that stated, “intent to levy”. Scott Allen E.A. was able to step in for him as Power of Attorney, pause collection activity and get his payment plan agreement back on track for him. View a copy of his IRS letter below.

Mesa AZ IRS Levy

IRS Levy, IRS Problems, IRS Wage Garnishment
0
1 … 9 10 11 12 13 … 77

Copyright © 2024 Tax Debt Advisors. All Rights Reserved.

Website Design, Hosting, Maintenance & SEO by WebTechs.Net.