IRS Audit Myth Number 1: By Tax Debt Advisors of Phoenix AZ

IRS Audit Myths Phoenix AZ

If the IRS wants more money, I will pay them when I am able—the IRS is a formidable bill collector. It has the power to garnish your wages, levy your bank accounts or seize your assets. If you find you are on the wrong side of an audit assessment, consider a consultation with Scott Allen E.A. of Tax Debt Advisors. Filing for a hearing before the IRS Office of Appeals is an excellent way to negotiate a compromise or elimination of the tax assessment.

Even better is to contact Tax Debt Advisors near Phoenix AZ when you get the audit notice from the IRS. With a little planning and organization of your records, you may be able to avoid the assessment altogether. Do not overlook the guidance of an IRS audit specialist. Tax Debt Advisors has been representing taxpayers on Phoenix Arizona IRS audits for over 45 years. Call today for a free initial consultation to see what Scott Allen E.A. can do for you. Schedule an appointment by calling 480-926-9300.

IRS Appeals, IRS Problems, IRS Tax Audits, Tax Debt

Tax Attorney Phoenix, Tax Debt Advisors: Settle IRS Debts

Regular Post

Written by Scott Allen

21 July 2011

What are the pros and cons of filing Bankruptcy to discharge my IRS tax debt? From Tax Debt Advisors, Inc.

Discharging IRS Tax in Bankruptcy Phoenix AZ

Pros

Immediately there is an automatic halt of all collection action by the IRS. Discharging IRS tax in bankruptcy Phoenix AZ can be used when an IRS Offer In Compromise is rejected or you do not have the funds to pay the amount the IRS wants to be paid with your Offer. It may be possible to wipe out all interest, penalties and tax liability.

Cons

Discharging IRS tax in bankruptcy Phoenix AZ will hurt your credit. Some taxes such as payroll tax debts are not dischargeable. Attorney fees are expensive. If you are close to the statute of limitation, it maybe better to enter an installment arrangement or non-collectible status until the time the IRS has to collect the tax expires.

If you filed a fraudulent return it cannot be discharged in bankruptcy. There is a waiting period of two years from assessment and three years from the due date for filing the return.

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My service to you is to tell you when your taxes are dischargeable in a bankruptcy and compare filing a bankruptcy with other IRS settlement options. I will then refer you to a competent bankruptcy attorney who will determine if you qualify to file a bankruptcy and answer any questions you have on how IRS tax bankruptcy will affect you.

Scott Allen, E.A. – Tax Debt Advisors, Inc

www.TaxDebtAdvisors.com

IRS Problems, IRS Tax Attorney, Tax Attorney Arizona, Tax Bankruptcy

Phoenix AZ IRS Tax Attorney, Phoenix Tax Attorneys, Tax Attorney Phoenix

Regular Post

Written by Scott Allen

20 July 2011

My Offer in compromise was rejected, can I appeal? From Tax Debt Advisors, Inc.

IRS Offer in Compromise Rejected

Sadly, most of the offers that are filed by the large “offer in compromise mills” were never legitimate Offers. I don’t need to mention any names but if you see them on TV or on the Radio and the person doing the work is in another state or only one state for the whole nation, you should be leery—get a second opinion. Even better call me for your second opinion, FIRST!

Let’s assume you have a valid offer that was filed by someone other than me. Why are you calling me? If you can’t get the company to return your phone calls, or suggest that they file and appeal, it is probably not a valid Offer and the company that filed your Offer knows that. I suggest you file a complaint to the attorney general in the state and get someone else to review your Offer.

Many Offers that were valid when submitted are no longer valid when the time for determination of validity is completed several months later. If that is the case, you are out of luck and you should not file an appeal. However, assuming your Offer is still valid, an appeal should be promptly filed within 30 days of the official rejection letter on IRS Form 13711.

If you Offer was rejected because of a neglect on the part of your representative during the Offer process, it is unlikely the Appeals process will work and a new Offer will have to be submitted.

I don’t want to sound negative but less the truth is less than 5% of the rejected Offers I have reviewed were ever valid—NOT EVEN ON THE DATE THEY WERE SUBMITTED! If this is the case, I will review four other settlement options and together we will decide which one is best for you—THAT WILL WORK!

Scott Allen, E.A. – Tax Debt Advisors, Inc for filing successful IRS Offer in Compromise in the Phoenix Arizona area

www.TaxDebtAdvisors.com

IRS Problems, Offer In Compromise, Tax Debt, Tax Levy

Tax Attorney Phoenix