Written by Scott Allen

Abate IRS tax penalties in Mesa Arizona

Tax Debt Advisors, Inc. can help you with your IRS Abatement of Penalties in Mesa AZ

One of the worst IRS penalties is the failure to file penalty.  This penalty is 5% per month for the first 5 months that you file late.  So by not filing an extension you have added 25% to your total tax debt if you owe on your return.  The IRS will consider Mesa AZ abatement of penalties if you can show “reasonable cause.”  This would have to include serious illness including depression, weather disaster, or some economic hardship that caused you to file late.

The failure to pay penalty is ½% per month.  This penalty is 1/10th of the failure to file penalty.  So the IRS thinks it is ten times worse that you don’t file than not paying your taxes.  On both of these penalties, it is best to have paid off the tax debt owed before requesting abatement of these two penalties.  Request your Mesa AZ penalty abatement by submitting IRS Form 843.  You should expect the IRS to request proof of your reasons for not paying or filing on time.

In either situation, consider a free initial consultation with Scott Allen E.A. at Tax Debt Advisors, Inc. in Mesa Arizona.  You can contact Scott at 480-926-9300.

 

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Written by Scott Allen

Making sure you qualify for a Mesa AZ IRS Offer in Compromise

Tax Debt Advisors will make sure you qualify for a Mesa AZ IRS Offer in Compromise before submitting it

To be eligible to file a Mesa AZ IRS Offer in Compromise (OIC) you must have filed all past tax returns or at least have assessments from substitute for returns.  The current year return must be filed and full paid.  If you are currently in a bankruptcy the IRS will reject your Offer in Compromise application.  The IRS has an Offer in Compromise booklet, IRS form 656-B, and a video to help taxpayers who want to file a Mesa IRS Offer in Compromise.  This may make it seem that submitting an OIC is an easy process.  It is.  What is hard is submitting all the information in the format the IRS will seriously consider.  Most taxpayers are unable to submit all the Mesa AZ IRS Offer in Compromise forms and calculate the correct OIC amount.  The IRS Offer in Compromise reviewers are looking for any information that is incomplete.  The easiest way to achieve a successful OIC is to locate an IRS professional who can assist you along the way.

Scott Allen E.A. of Tax Debt Advisors has the experience to stay on top of the process from beginning to end.  The IRS Offer in Compromise group has a terrible history of losing, mishandling or reassigning your OIC and it falls “between the cracks.”  The OIC group needs a follow call on a regular basis depending on the facts and circumstances and the agent working the OIC.  This only comes from experience.  Tax Debt Advisors has been representing Mesa AZ clients since 1977.  Call today at 480-926-9300 for a free consultation.

– – info@taxdebtadvisors.com

Written by Scott Allen

Mesa AZ IRS offer in compromise forms

The two most common Mesa AZ IRS Offer in Compromise (OIC) forms are the 433-A for individuals and 433-B for businesses.  There is also a $150 non-refundable application fee and a non-refundable initial payment.  You will also have to decide on a payment option.  There are two payment options:

Lump Sum Cash: Initial payment must be 20% of the total OIC amount.  After acceptance the remaining balance must be paid in five or fewer payments.

Periodic Payment: Initial payment must be 20% of the total OIC amount and continue to pay the remaining balance in monthly installments while the IRS considers your offer.  If your OIC is accepted, monthly payments need to be maintained until the agreed amount is paid in full.

If you meet the Low Income Certification guidelines, you are not required to send in the $150 application fee or the initial 20% payment or monthly installments during the evaluation period.

Scott Allen E.A. of Tax Debt Advisors, Inc. has the experience to guide you through the Mesa AZ IRS offer in compromise process from beginning to end.  Tax Debt Advisors offers a free initial offer in compromise Mesa AZ review and can be reached at 480-926-9300 to schedule an appointment.

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Written by Scott Allen

We are Mesa Arizona’s Top IRS Problem Solvers for Successful IRS Solutions, Part 8

The following two quotes from one of history’s greatest military strategist, Sun-Tzu, are important to know to have successful solutions to your Mesa AZ IRS tax problems for wage garnishment, bank levy or unfiled tax returns.
  • If we can make the enemy show his position while concealing ours from him, we will be at full force where he is divided.
  • Where at all possible, the commander attempts to defeat the enemy with his careful planning rather than military might.
Let’s discuss each one as it pertains to solving Mesa AZ IRS problems.  Scott Allen E.A. will first get a power of attorney to represent you before the IRS.  This allows him to gather all information the IRS has regarding you. Before any negotiations have begun, Scott will be prepared with all of the facts, both from the IRS and yours.

The IRS is a formidable opponent but they rely on their power and authority rather than expertise.  Scott Allen E.A. knows that with careful planning, the law will be on your side in the end and lead to a successful solution to your Mesa AZ IRS problem matter.

Scott Allen E.A. is aware of the proper strategies needed to help you with your IRS problem whether is be Mesa AZ unfiled tax returns, wage garnishment or bank levy.  His company, Tax Debt Advisors offers a free initial consultation with a face to face meeting with Scott Allen E.A.  Call now to schedule your appointment at 480-926-9300.

 

Written by Scott Allen

How to verify and possibly lower your Mesa Arizona IRS debt

How do you verify and possibly lower your IRS tax debt in Mesa AZ?

If you know you have been behind in filing and/or paying taxes and need to get an X-ray on your Mesa AZ IRS tax debt here is a checklist to follow:

  • An IRS record of account is the IRS book for each year they claim you owe back taxes.  It records all payments as well as any interest or penalties accruing on the balance due.
  • Consult with a tax advisor on any discrepancies you may feel need to be checked.  Your advisor may have good advice on how to apply future payments which you have some discretion over.
  • If a balance due is from an IRS “prepared” return called a substitute for return, you very likely can file a correct return and lower the balance due.
  • If you feel a return that you filed was done incorrectly, resulting in a higher tax liability than it should, contact Scott Allen E.A. of Tax Debt Advisors for a free consultation to see if amending your tax return in Mesa AZ will save you money.
  • On occasion there are good reasons to request an abatement of Mesa AZ IRS penalties.  Scott Allen E.A. has the expertise to request abatement of penalties using IRS Form 843.
  • Consider having a consultation with Scott Allen E.A. of Tax Debt Advisors if you are in trouble with the IRS or need current year tax preparation in Mesa AZ.  Scott can be reach at 480-926-9300.

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Written by Scott Allen

Happy Holidays! from Tax Debt Advisors, Inc of Mesa Arizona

Scott Allen, EA of Tax Debt Advisors, Inc would like to wish everyone a wonderful holiday season whether you are celebrating Hanukkah or Christmas.  As I know this is a great time of year to reflect on what has happened good and not so good, renew friendships, and get together with family and friends.  I wish this to be a happy and safe season for you in whatever you are doing.  I am thankful for all that I have, mostly my family and the gift of being able to enjoy them and enjoy coming to work each and everyday.  I love my profession and love helping those in need of tax and IRS assistance in Mesa AZ.  Don’t let the IRS slow you down this December.  If you have issues that need to be resolved be proactive on the matter and don’t let the Mesa AZ IRS place a lien, levy, seizure or garnishment at the absolute wrong time.  As your IRS power of attorney I can get a hold placed on your account to give you time to work out what needs to be resolved and also so they don’t do anything before the years end.

Once again…Merry Christmas and Happy Hanukkah from Tax Debt Advisors, Inc.

Written by Scott Allen

IRS Form 8857, Mesa AZ Taxpayer’s Request for Innocent Spouse Relief

You must submit IRS Form 8857 if you are:
  • Seeking Innocent Spouse Relief
  • Separation of Liability Relief
  • Equitable Relief.
Besides filling out the information requested you must include a written statement which is signed under penalties of perjury.  IRS Publication 971 provides complete information regarding all three relief options.  The IRS web site at www.IRS.gov website has information found under Tax Information for Innocent Spouses on this subject.

 

If you live in a community property state and filed as married filing separate rather than married filing joint, you might still qualify for innocent spouse relief.  Community property states are Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.

Relief from joint and several liability should not be confused with an injured spouse claim.  You are a Mesa Arizona “injured spouse” if you file a joint return and all or part of your share of the refund was, or will be, applied against the separate past-due Federal Tax, state tax, child support, or Federal non-tax debt such as a student loan of your spouse with who you filed the joint return.  This tax remedy requires the filing of IRS Form 8379. Scott Allen E.A. of Tax Debt Advisors, Inc. has the expertise to assist you on your request for innocent spouse relief in or injured spouse relief in Mesa AZ. Schedule an appointment by calling Scott at 480-926-9300.

 

Written by Scott Allen

Mesa AZ abatement of IRS penalties from Tax Debt Advisors, Inc

The request process is two tiered. The first is to file your Mesa AZ abatement of IRS penalties request with IRS Form 843. This form asks for details about you and the tax years in question. The reason for the abatement can be a part of the form or a separate letter attached to the form. Prior to sending in IRS Form 843, you should pay the amount of tax you owe or at least have a payment plan in place. The form gives the address where to mail it to the IRS. Submitting your Mesa AZ abatement of IRS penalty request without having a good reason is like rubbing a lamp in your house—there will be no genie with the IRS. You cannot use the excuse that you want Mesa AZ abatement of IRS penalties because you didn’t know or understand the tax law. The IRS considers it your responsibility to know the law or use someone who does. The second process is to take your request to the IRS Office of Appeals. The reason still needs to be valid but you might have a more compromising attitude with an Appeals officer.
Scott Allen E.A. of Tax Debt Advisors, Inc. knows the tax laws and will be able to competently advise you on your reasons for requesting an abatement of IRS penalties in Mesa AZ and the chances for success. Tax Debt Advisors, Inc. offers a free initial consultation and can be reached at 480-926-9300 for an appointment.

– – info@taxdebtadvisors.com

Written by Scott Allen

Abatement of IRS neglience penalties in Phoenix AZ

IRS Negligence penalties should be taken very seriously.  The IRS will file negligence penalties of 20% of the underpaid tax.  This is often a result of claiming deductions that you were not entitled too or under reported income.  The IRS will have to show that you did not exercise due diligence when you filed your tax return(s).  The IRS will only abate penalties in Phoenix AZ if you can show “reasonable cause” for the way you filed your return.  If the Phoenix AZ IRS negligence penalty was due to not filing a return and you were seriously ill and incapable of filing a return, you have a good chance the IRS will abate negligence penalties as long as you have an excellent record of filing and paying on time in the past.

Before just accepting the IRS negligence penalty in Phoenix AZ and paying it, consider a free initial consultation with Scott Allen E.A. of Tax Debt Advisors.  Tax Debt Advisors has been representing clients with negligence penalties since 1977.  Schedule your appointment by calling 480-926-9300.

– – info@taxdebtadvisors.com

Written by Scott Allen

10 Proverbs to remember if you need to Solve your IRS Debt in Mesa AZ

Proverbs reflect the accumulated wisdom, prejudices and superstitions of the human race.  Even though they come from many different lands and cultures, the ideas they express are common to all people.  We should at least be familiar with them so that when someone uses one, we will know what they are talking about.

  • Absence makes the heart grow fonder—Persons, places, or things become dearer to us when they are absent.
  • Actions speak louder than words—People are more impressed with our sincerity if we act on our beliefs than if we merely talk about them.
  • All for one and one for all—All the members of a group support each of the individual members, and the individual members are pledged to support the group.  This is best known as the motto for the three musketeers.
  • All that glitters is not gold—Things that appear on the surface to be of great value may be quite worthless.
  • All work and no play makes Jack a dull boy—A person who never takes time off from work becomes boring and bored.
  • All’s fair in love and war—People in love and soldiers in wartime are not bound by the rules of fair play.
  • All’s well that ends well—Problems that occur along the way do not matter as long as the outcome is good.
  • Any port in a storm—In an emergency, we will accept help from any source and in any place, even from an unpleasant person.
  • Army marches on its stomach, An—To be effective, an army relies on good and plentiful food.  This saying is attributed to Napoleon Bonaparte.
  • Bad news travels fast—People are quick to discuss the misfortunes of others.
Why did I bother to share these proverbs with you?  How does this relate to solving your Mesa AZ IRS debt?  I believe that solving and IRS debt in Mesa AZ is more then just filling out forms and making phone calls.  A Mesa AZ IRS debt that needs to be solved occurs because something non related becomes such a big burden that the last things a taxpayers wants to face is paying the IRS or filing a tax return.  Once we can help our clients discover what that is then we can begin to successfully solve their Mesa AZ IRS debt and not have it reoccur again.  The favorite part of my job is seeing the relief in my clients eyes and the smile on their face when we have accomplished the victory.  To learn more about solving your IRS debt in Mesa AZ visit the main part of my website or feel free to give me a call to schedule a free initial consultation.
Thank you.

 

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