Regular Post

Written by Scott Allen

26 May 2016

IRS Problem Solvers

Top IRS Problem Solvers

Many IRS Problems can be confusing because you don’t always get the most accurate information from the IRS. Furthermore, most people who pay taxes don’t feel comfortable calling the IRS directly for answers. View the IRS problems we specialize in solving below.

Payroll Tax Problems

The IRS can be aggressive with their attempts to collect your past due payroll taxes. You should try to avoid meeting with IRS representatives until you have met with a experienced tax professional first.

Learn More

IRS Liens

Tax liens are records that document your owing of the IRS> These can prevent you from obtaining financing for homes and automobiles. One a IRS lien has been filed, you cannot transfer or sell the property without obtaining a clear title.

Learn More

IRS Levy

The IRS has the power to issue bank levy’s to take money from your checking and savings accounts. Faced with a IRS levy? You must comply or face further IRS problems. Avoid levies and let a professional talk to the IRS for you!

Wage IRS levies can take money from your paycheck that makes it tough to live on. Stop IRS levy now!

Learn More

IRS Audits

You can get audited by the IRS via office, home or in the mail. Usually audits happen because the IRS is missing documents. For example if you claim your children on your tax return as a dependent, the IRS could randomly audit you to verify the children live with you in the home.

IRS audits are serious and should be taken as such as they can often lead to auditing other tax years that weren’t originally listed in the tax letter from the IRS.

Learn More

IRS Seizures

The IRS can seize your assets. They can seize business or personal assets to pay off your tax liabilities. This can occur when certain taxpayers avoid the IRS. IRS seizure is the last attempt to collect past due tax liabilities.

Learn More

Wage Garnishment

The IRS can slap a wage garnishment on your paycheck to collect unpaid taxes. One garnishment takes place, the IRS can keep taking money out of your check until they are paid in full.

Learn More

Unfiled Tax Returns

Haven’t paid your taxes in a couple of years? Do you know that is considered a criminal act by the IRS, that can be punishable for up to 1 year in jail for each year your didn’t file taxes.

You can still file those tax returns, no matter how many years it has been. Call a professional like Scott A Allen to guide you through the process.

Learn More

IRS Penalties

IRS penalties such as failure to pay or failure to file can increase the amount of money you own to the IRS quickly.

Before you pay the IRS one single dollar, you might want to think about requestion abatement of your penalties. Call Scott Allen for more information about IRS abatement.

Learn More

IRS Problems

irs levy, irs liens, irs penalties, irs problem solvers, irs seizures, Mesa Arizona’s Top IRS Problem Solvers, payroll tax problems, unfiled tax returns, wage garnishment

Regular Post

Written by Scott Allen

5 October 2010

IRS Trust Fund Recovery Penalty

Internal Revenue Code Section 6672 (a) covers the IRS Trust Fund Recovery Penalty. This is often referred to as the 100% penalty which indicates how serious the IRS is to punish taxpayers who fail to turn over trust funds. Trust funds are withholdings that the employer holds back from employee pay checks. They would include Federal withholdings, Social Security and Medicare taxes. The term trust means that the employer is holding these funds from a position of trust and is responsible to collect and turn them over to the IRS on a regular basis.

The person or persons responsible for paying these taxes would include but are not limited to the Chief Executive Officer, and any other person authorized to pay the funds and have check signing authority. The IRS can assess this penalty against anyone who they consider financially responsible.

Many businesses that get in financial trouble and no longer can borrow from legitimate sources such as banks, issuing stock or bonds “borrow” from the IRS by not paying funds held in trust. The intent is to catch up when business gets better. With 100% penalties, it would be better to visit the local loan shark—you would get better rates.

If the IRS has determines that you are responsible for paying back trust funds, get professional help immediately. The IRS will often try to justify going after many individuals without knowing for sure who is really responsible. This shot gun approach can be devastating financially and the longer you go without contesting the position of the IRS on your responsibility, lowers your chances of being relieved of this tax debt. Trust funds and the related IRS trust fund recovery penalty cannot be discharged in a bankruptcy.

Scott Allen E. A.

Tax Debt Advisors, Inc.

www.taxdebtadvisors.com

IRS Appeals, IRS Problems, Tax Debt, Unfiled Tax Returns

irs penalties

Regular Post

Written by Scott Allen

1 September 2010

taxdebtadvisors.com – IRS Myths…

Mesa AZ Help With IRS Myths

Many clients in Mesa AZ come in with strange ideas about what the IRS can and will do to them once they “catch up with them.” Most of the information has come from friends, family and work associates that are just passing on myths that they were told.

Two of the most common questions:

Am I going to be thrown in jail? Over 99% of the clients we meet with are negligent not criminal. Their tax problems are more like bad parking tickets not a hit and run. As long as you are willing to file back tax returns and agree to a settlement on what you can pay on the back taxes and agree to pay your taxes in the future, the problem goes from a terrible crisis to something you can manage. Close to 30% of our clients qualify to make no payment on their historical tax liability if they stay current on their filings and payments in the future.

Are they going to take my house or car? The IRS wants money not assets. If you are living in an expensive home, the IRS will allow you time to put the house up for sale and downsize into a reasonably priced home. With the current housing crisis the IRS has extended the time from six months to a year and now they are agreeing to give even more time if the taxpayers are staying current on their taxes.

You cannot control what happens in life. Most clients were faithful taxpayers until a death, divorce, illness, or a business failure put them in a situation where they could not pay their taxes. Even the IRS understands that this happens. The IRS is less tolerant with the failure to file tax returns. The IRS primarily punishes because you don’t file, not because you don’t pay. The penalty for failing to file is 5% per month, while the penalty for failing to pay is only ½% per month. So it is initially ten times more expensive to not file than it is to not pay.

The reality is that most clients are surprised at the results we get. Mostly because their imagination is mixed with a lot of Mesa AZ IRS myths that create a paranoid attitude towards what the government actually expects. Why not come in and find out today what the your options are. I have heard many clients say, “If I had know it was going to be this easy, I would have come in long ago.”

Scott Allen E. A.

www.taxdebtadvisors.com

BACK TAX RETURNS, IRS help by city, IRS Problems

irs penalties, irs seizures