Written by Scott Allen

Tax Debt Advisors recent success

Looking for success in resolving your tax debt? Call Tax Debt Advisors

Tax Debt Advisors is a locally and family owned practice here in Mesa AZ.  Started in 1977 the company is on its second generation of IRS debt help service. When dealing with an IRS matter, whether it be tax preparation, settling IRS debt, or navigating through unfiled tax returns your top priority should be finding the right fit in a local company. Beware of out of state companies advertising IRS resolution work making false promises up front before knowing anything about your case.  Only pay for services as they are to be performed rather then large up front retainers.  Tax Debt Advisors breaks up the resolution process into three steps and you only pay for the work when it is to be accomplished one step at a time.

Nathan, a client of Tax Debt Advisors had existing tax liabilities, unfiled tax returns, and threatening letters of wage garnishment. Upon getting started Scott Allen EA was able to get in contact with the IRS, hit the pause button on any levies or garnishments, and begin the tax preparation phase.  After he got Nathan caught up on his back tax returns then they could move onto the third phase; the IRS resolution phase. Based upon his current financial state he qualified for a currently non collectible status. What does that mean? Nathan does not have to pay a dime on his back tax returns because he cannot afford to do so.  View the notice below to see the IRS acceptance letter.

Could Nathan qualify to settle his IRS debt in an Offer in Compromise? Yes he could and would probably qualify but he does not have the means to save up or borrow to afford the lump sum settlement offer. But, if his situation changes he could qualify and submit an offer with the IRS at a later date. It is important to know about all available options before starting a negotiation.

 

Tax Debt Advisors recent success

Tax Debt Advisors recent success

Written by Scott Allen

Phoenix AZ IRS Offer in Compromise

Completed and approved Phoenix AZ IRS Offer in Compromise

Congratulation to Michael on his successful Phoenix AZ IRS Offer in Compromise. The process took about 14 months from start to finish but when you can settle your $445,000 IRS debt for about $22,000 in total it would be considered a great day. That is the kind of day Michael had. The IRS will consider an Offer when the amount offered represents the most they can expect to collect within a reasonable period of time.  A reasonable period of time to the IRS varies in each individual case but its typically the remaining amount of time left to collect the debt. The IRS has a ten year period to collect a debt from when the tax return was filed.  Each tax year will have its own expiration date.  It important to understand that not everyone qualifies for an IRS offer and it may not be the best available option for everyone either.  What if Michael’s IRS debt was only 9 months away from expiring? Scott Allen EA would not have prepared and submitted an IRS offer. He would have negotiated a non collectible status or minimal payment plan and let the debt expire. It would have been a easier and cheaper option for him all around. Because Michael still had 7.5 years left remaining on his statute they elected to go the Phoenix AZ IRS Offer in Compromise route.

To see what an IRS Offer in Compromise acceptance letter looks like view the images below.

Phoenix AZ IRS Offer in Compromise

Phoenix AZ IRS Offer in Compromise

Phoenix AZ IRS Offer in Compromise

Phoenix AZ IRS Offer in Compromise

Scott Allen EA of Tax Debt Advisors is a family owned and operated business in the greater Phoenix area.  His tax practice specializes in the negotiation of IRS settlements whether it be a payment plan, non collectible status, offer in compromise, appeals and abatement, or qualifying for bankruptcy. Its important that the person you hire to be your power of attorney is comfortable with all these settlements and can properly advise and qualify you for one. To sit down with Scott Allen EA pick up your phone and schedule a consultation with him. He will make today a great day for you.

Written by Scott Allen

Mesa AZ IRS CP2000 Audit

Getting the right help with a Mesa AZ IRS CP2000 Audit.

First off, what is a Mesa AZ IRS CP2000 audit? This is the most common for of an IRS audit. More CP2000 notices get sent out each year then probably just about any other audit notice. A CP2000 notice occurs when you file your tax return and what you report does not match up with what was reported to the IRS.

Example: You file your tax return with your W2 income and your capital gain income, but by mistake to forget report the money you withdrew early from your 401k.

When a scenario like this happens you will get a letter from the IRS letting you know they know about the early distribution from your 401k with a proposed amount of taxes owed.  From here you have a couple options.  You can accept and pay the additional taxes, you can protest their position, modify their assessment, or file an amended tax return.  Just because you get a Mesa AZ IRS CP2000 notice does not mean the IRS is always right. They could be applying the additional tax bill incorrectly or your retirement company could have issued an incorrect statement by mistake.

At the end of the day a CP2000 IRS notice is not the end of the world. You have plenty of time to challenge it or work out a payment arrangement on the additional taxes owed. If you find yourself opening up a Mesa AZ IRS CP2000 notice it could be best to have an Enrolled Agent represent you to walk you through the process. Scott Allen EA of Tax Debt Advisors specializes in helping taxpayers with their IRS problems whether it be an audit, unfiled tax returns, or dealing with collection matters. Below is a picture of a recent success by Scott Allen EA in challenging a clients CP2000 notice. Through the preparation of an amended tax return filing he reduced the IRS assessment by about $3,000 of tax, interest, and penalty.

Mesa AZ IRS CP2000 Audit

Mesa AZ IRS CP2000 Audit

If you feel it necessary consult with Scott Allen EA today in Mesa Arizona by calling 480-926-9300.

Written by Scott Allen

IRS payment plan Phoenix AZ for $665 per month

For an IRS payment plan Phoenix AZ: Call Scott

Joseph was a client of Scott Allen EA to help negotiate his IRS payment plan Phoenix AZ. Joseph had recently defaulted on his prior arrangement with the IRS due to a temporary financial hardship his family was going through.  However, through the process of negotiations Scott Allen EA re-established a new agreement for them in the amount of $665 per month to satisfy all his delinquent tax debt. As long as Joseph continues to file and full pay his future tax obligations his IRS payment plan Phoenix AZ will stay intact.

 

IRS payment plan Phoenix AZ

IRS payment plan Phoenix AZ

If you need the services of:

Scott Allen EA can help. contact him today. He can be reached at 480-926-9300 and his office is conveniently located in Mesa at 3155 E Southern Ave Suite 101.

Written by Scott Allen

Tax Debt Advisors Reviews: Innocent Spouse Relief

“Proof is in the pudding”: More Tax Debt Advisors Reviews

Below is an actual notice of success accomplish by Scott Allen EA of Tax Debt Advisors. You can view other Tax Debt Advisors Reviews by clicking here.  April was caught up in a messy relationship with her now ex-spouse. He was not an ethical man and lied and hide finances from her. He controlled everything she could or couldnt do.  Upon evaluating her situation within her family life and also her current financial situation it was determined that she was a prime candidate for innocent spouse relief. Because everyone isn’t, its important to find out before applying for relief. The process can take up to 12 months so you don’t want to go down that road only to have it denied. For April is was about 10 months before it was approved.  Don’t just take our word for it. Click and view the image below.

Tax Debt Advisors Reviews

Tax Debt Advisors Reviews

Scott Allen EA will only take on your case if it is in your best interest to do so.  He will meet with you for a free consultation to analyze your case.  He will represent you before the IRS, or if not needed, he will tell you how to fix the case on your own.  If you are not a strong candidate for an innocent spouse claim Scott will go over the other settlement options with you.

Along with helping with innocent spouse relief Scott Allen EA also assist taxpayers with yearly tax preparation, unfiled back tax returns, and settling IRS debts. Speak with him today!

Written by Scott Allen

July 2016 Tax Debt Advisors Reviews

Tax Debt Advisors Reviews

“Another one bites the dust..”  You too can play this song upon the competition of your IRS settlement. Become one of the many Tax Debt Advisors Reviews that can “sing the same tune”.

Tax Debt Advisors Reviews

Tax Debt Advisors Reviews

Eric came in to work with Tax Debt Advisors with his unfiled tax returns and IRS debt negotiation. Over about a four month period they were able to prepare his five years of missing tax returns and negotiate an installment arrangement. His entire delinquent tax liability is now settled for $199.00 per month.

If you find yourself behind with your tax returns and/or owe the IRS more then you can back back right now please speak with Scott Allen EA to evaluate your available options.  He owns and operates a local family owned business since 1977.

Written by Scott Allen

Why did I get an IRS CP11 Notice?

IRS CP11 Notice

A CP11 Notice gets sent to you when they make changes to your tax return because they believe there is a miscalculation of some sort.  The amount of tax has increased because of these changes.


Call Tax Debt Advisors at 480-926-9300 to get help with your CP11 notice.


Having an accountant contact the IRS for you? Allow someone else to contact the IRS for you by using Form 2848.

What can you do about your CP11 notice? What options are available to you?

Looking for information for CP11A Notice or CP11M Notice?

  • First, read the notice carefully.  Don’t be afraid to read it 2 or 3 times to be sure you are understanding it correctly and not overlooking something.
  • If you agree, pay the amount in full by the notice date.
  • If you agree but cannot pay in full. A payment arrangement can be worked out.
  • If you disagree, contact the IRS within 60 days either with the phone number on the notice or by mail.  Always follow up 2-4 weeks later if you dont hear back from the IRS after responding to them.
  • If you don’t respond the IRS will asses the changes to your account and after 60 days have gone by the only option to protest the changes at that point is to file an amended tax return or audit reconsideration.

Most common materials needed for CP11 notices:

Printable CP11 (PDF) Downloads

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How do I find out why my I am getting a CP11 notice?

Contact the IRS to find out why you got this notice.

What if I feel the changes aren’t correct?

If you do not agree with the changes the IRS made to your tax return, you need to contact them in writing within 60 days of receiving your notice and they will reverse the changes as long as you can justify the reversal. If you cannot provide information that confirms your reversal the IRS will submit your case for an audit. This seems scary but will give you formal appeal rights, which included rights to appeal the IRS’s decision in court before you pay the tax. After the case is forwarded, the audit division will contact you in 5 to 6 weeks to give you a full explanation of your rights and the audit process. If you do not contact the IRS within 6 weeks of receiving your CP11 notice, you lose all of your rights to appeal the IRS’s decision.

What do I do if I can’t afford to pay the full amount?

The IRS will allow you to make an installment agreement. However, it does cost to set up an agreement and totally depends on your income but is no higher than $200.

Is interest involved with the agreement?
You do not have to pay interest of your installment agreement as long as you pay the amount you owe by the date on the payment coupon. Although, interest will start to accrue after the payment coupon date.

Are there any penalties for not paying the full amount?

Yes, there are late penalties if you can’t pay the full amount specified in your CP11 notice. Although, if you contact the IRS soon enough they may be able to remove the penalty.

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If you are unsure on what to do or feel you need IRS representation feel free to give Tax Debt Advisors Inc a call at 480-926-9300 to schedule a free consultation.

– – info@taxdebtadvisors.com

Written by Scott Allen

Mesa AZ IRS Offer in Compromise

View an accepted Mesa AZ IRS Offer in Compromise below

Scott Allen EA of Tax Debt Advisors successfully negotiated a Mesa AZ IRS Offer in Compromise for one of his clients. This client came in owing the IRS $334,340.83 for 2009, 2010, 2011, 2012, 2013, & 2014.  An Offer was submitted in August 2015 for $9,456.00 to settle the debt in full. That is about 2.8 cents on the dollar.  As required they submitted the offer with the 20% down payment of $1,891.20.  The remaining 80% is due upon acceptance.  View the two pages below showing Scott Allen EA as the taxpayer’s Power of Attorney and the IRS approving and accepting the Offer in Compromise submitted.

Mesa AZ IRS Offer in Compromise

Mesa AZ IRS Offer in Compromise

Mesa AZ IRS Offer in Compromise

Mesa AZ IRS Offer in Compromise

The most difficult part to an IRS Offer in Compromise is qualifying for it.  Taxpayers will come in and visit with Scott Allen EA thinking they can shop for an Offer with the IRS.  Contrary to advertisements on the TV, internet, and radio this isn’t the case.  Only about 2-3% of taxpayer are even a candidate to settle their debt through an Offer in Compromise (aka “fresh start program”).  This option is only one of the six different settlement options available to you.  Its important to understand and review all options before considering an Offer in Compromise.  After its been determined that you are in full compliance with the IRS and that you are a viable candidate for an IRS Offer then Tax Debt Advisors will take you down that road step by step.  They will only take on your case if it is in your best interest.  To get your IRS debt situation evaluated with Scott Allen EA give him a call today at 480-926-9300.  He will make today a great day for you.

Tax Debt Advisors, Inc is a local family owned and operated business since 1977.

Written by Scott Allen

Time for a Phoenix AZ IRS Payment Plan

Is it time you establish a Phoenix AZ IRS payment plan?

If you are needing the services of a Phoenix AZ IRS payment plan negotiation or some other type of settlement dont delay any longer. Scott Allen EA of Tax Debt Advisors can assist you from beginning to end.  See the image below to see just one of Scott Allen EA’s recent negotiation successes.

Phoenix AZ IRS Payment Plan

Phoenix AZ IRS Payment Plan

If you find yourself out of compliance with the IRS and are ready to get back on track with your financial life hire the right professional.  It is important to work with a local representative who can and will be your IRS Power of Attorney especially when you have back tax returns to file as well.  In fact, the IRS wont consider accepting a payment plan proposal without all your back tax returns filed first.

Call Tax Debt Advisors today to set up a free consultation with Scott Allen EA. He will go over the process towards getting an IRS resolution in place. He will let you know how he can assist in that process to make sure it goes as smoothly as possible.

Written by Scott Allen

IRS Penalty Abatement

If at first you don’t succeed, at least try one more time: IRS Penalty Abatement

Scott Allen EA will be the first to admit that IRS penalty abatement isn’t for everyone.  If the IRS did not issue penalties then no one would file or pay timely. With that being said if Scott Allen EA determines are are a viable candidate he will fight for you.  This is what he did for a recent client on a large tax bill on the 2013 tax return.  The penalty for filing your taxes late is 5% a month up to five month or 25%.  This becomes a rather large number especially when you tax bill is over $350,000.

These taxpayers were under the assumption that a tax extension had been prepared and filed by their CPA, and that the taxes were filed within the extension deadline of Oct 15, 2014.  Long story short it become known to the taxpayers later on that the ball was dropped and a 25% (or $77,710.27) penalty was assessed.  Scott felt a success could be had with this case and that there was a viable shot at getting the $77,710.27 late filing penalty removed.  Worst case scenario is they deny us; which they did actually back in February 2016.  Scott applied again using form 843 and this time was successful.  About two years past the deadline and five hours of work was worth about $$77,710.27.  By viewing the IRS account transcript below you can see the IRS removed the late filing penalty April 2016.  There is still a large debt to be paid but today its a little bit lighter.  Scott Allen EA was also able to negotiate that debt into a reasonable payment plan for the taxpayers.  Mission accomplished.

IRS Penalty Abatement

IRS Penalty Abatement

Scott Allen EA’s office is located in Mesa AZ at 3155 E Southern Ave #101 Mesa AZ 85204 and can be reached at 480-926-9300

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