Regular Post

Written by Scott Allen

17 September 2010

Is there IRS amnesty Arizona for non-filers?

IRS Amnesty Arizona

IRS amnesty Arizona for non-filers simply means that if you agree to file your back tax returns, the IRS agrees to not pursue jail time for not filing. IRS Amnesty Arizona does not mean that once you file the returns, you are entitled to some special treatment if you owe on those back tax returns.

Some states have experimented with amnesty programs, that allow for short periods of time, to file back tax returns and if you pay all the taxes owed when you file the return, the state will forgive all the interest and penalties. The confusion comes when taxpayers assume incorrectly that these amnesty programs are the policy of the IRS as well. Unfortunately, it is not.

Scott Allen E. A.

Tax Debt Advisors, Inc

www.arizonaIRSproblems.com

IRS Problems, Tax Attorney Arizona, Unfiled Tax Returns

unfiled tax returns

Regular Post

Written by Scott Allen

10 August 2010

STOP IRS ACTION – Substitute For Return

Stop IRS Action with SFR Protest

If you don’t file your tax returns, eventually the IRS will, based upon information about your gross income reported on a 1099, W-2’s, stock sales, sale of home and reported interest and dividends. These returns are referred to as SFR’s for substitute for return by the IRS. These returns are almost always incorrect and usually grossly overstate the true amount of taxes owed.

Many clients come to us with large SFR balances due that turn into refunds. Remember that a refund that is older than three years is permanently lost and cannot be apply towards a balance due. SFR balances cannot be discharged in a chapter 7 bankruptcy. Only a return filed by a taxpayer can be included in a tax motivated bankruptcy. There is a waiting period for this to happen. The return must be filed for two years and it be three years from the due date and no IRS adjustments in the last 240 days.

If you have filed previously a joint return, the IRS will file an SFR using the married filing separate status which eliminate lots of tax advantages and has a higher tax bracket than married filing jointly. The IRS gives not credit on SFR’s for dependents, mortgage interest, property taxes, charitable donations, auto license fees and deductible medical expenses to name just a few.

If you know that the IRS has filed SFR’s against you but you haven’t been contacted by them, consider yourself lucky and get your returns filed as soon as possible. It can take several months for the SFR unit to adjust your assessed taxes down to its correct balance and the IRS will take collection action on the higher balance until this occurs. Consider calling Scott Allen EA to handle this process for you. He will have to sign Power of Attorney so we can represent you from start to finish. He will make today a great day for you!

Scott Allen E. A.

Tax Debt Advisors, Inc

www.taxdebtadvisors.com

IRS Problems, Unfiled Tax Returns

Scott Allen EA for IRS Tax Relief

Regular Post

Written by Scott Allen

30 July 2010

TAX DEBT ADVISORS

Since 1977: Tax Debt Advisors

What should you expect in your first meeting with an IRS Relief company?

First, you should not expect to pay for your initial consultation.

Second, make sure that the person you are talking to will be the one that will represent you before the IRS should you decide to retain their services. If you are talking with a sales person who will send your information and money to a central office outside of the state, you are working with the wrong firm.

Third, telephone interviews with companies outside of your local may sound good but you will have a very hard time getting someone to call you back except to ask you for more money.

Fourth, see if they have testimonials that are real. The only ones that cannot be disputed are letters from the IRS to clients and their Power of Attorney representative. You can see in black and white what was accomplished for the client. Most if not all testimonials on Web sites were written by the company (There are plenty of Tax Debt Advisors Reviews on this website for you to view)

Fifth, after explaining your problem, you should have a good idea of the steps that your representative will take to correct your problem.

Six, only pay the cost of the next step. If you need investigative work, pay for just the Power of Attorney work. If you need tax returns, pay for them one at a time as they are completed. By this time, you will know if your representative knows what they are doing and has a track record of following through.

Finally, get all of the settlement options in front of you at one time and understand the pros and cons of each one. There is something good about each option and something not so good. However, one option is much better than all the others. Once your settlement agreement has been decided on and agreed to by the IRS, know what you need to do to keep that settlement valid.

Scott Allen E. A.

Tax Debt Advisors 3155 E Southern Ave #101 Mesa AZ 85204

www.taxdebtadvisors.com

IRS help by city, IRS Problems, Unfiled Tax Returns

Mesa Arizona’s Top IRS Problem Solvers

Regular Post

Written by Scott Allen

26 May 2010

IRS SETTLEMENTS

IRS SETTLEMENTS BY SCOTT ALLEN EA

I often hear clients say, “if you can just get me out of this mess with the IRS, I will never get back in trouble again.” The truth is that 100% of our clients will be given a settlement with the IRS that in most cases exceeds their expectations. Many say, “If I knew it was going to be that easy, I would have done this years ago.”

Getting the IRS settlement is not the hard part. The hard part is breaking the habit that caused the problem in the first place. In most cases that requires adjusting one’s life style to adjust to a new expense in one’s life–income taxes–Federal, State and payroll. This amount varies, especially between individuals who are employees vs. self-employed. But let’s use a round number of 30%. If one is making $100,000, adding $30,000 in additional expenses means cutting out something else that they were used to spending money on.

The IRS estimates that about 70% of the individuals put on an installment arrangement default within one year. Experience has shown us that when clients see the reality of paying taxes, it is too easy not to pay in the “voluntary” estimated taxes, or to adjust their withholdings when “emergencies” arise. Then when it comes time to file and full pay by April 15, to keep their settlement valid–they default when funds are not available to stay current on their tax liability.

Successful resolution with the IRS is not just getting the settlement; it means that one must break habits pertaining to spending, living within a budget and making the tax payments as important as other monthly expenses. One must avoid seeing the IRS as a credit card, in the sense that you pay other expenses by not paying the IRS. Unfortunately the easiest expense not to pay is the IRS. However, it is also the hardest one to catch on as well.

Scott Allen E.A.

Tax Debt Advisors, Inc.

IRS Problems, Unfiled Tax Returns

Tax Debt Advisors: Settle IRS Debts