Written by Scott Allen

Let Tax Debt Advisors, Inc. respond to your Peoria AZ IRS Tax Audit Letter

IRS Tax Audit Peoria AZ

Responding timely and appropriately to a Peoria AZ IRS Tax Audit Notice is critical to a successful audit.  Beginning with the end in mind allows for consistency from beginning to the end of the audit.  Auditors have a sense when there is a problem or errors on a filed return.  Taxpayers often will respond so poorly to an initial audit that the IRS auditor in Peoria AZ will request other years to be subject to an audit.  Generally when this happens the IRS auditor will expand the areas of the audit or audit the entire return including businesses owned by the taxpayer(s).

It’s just not worth the risk of responding poorly to an IRS audit.  Scott Allen E.A. of Tax Debt Advisors has the expertise to meet with and negotiate on your behalf.  Scott can be reached at 480-926-9300.  Tax Debt Advisors, Inc. has represented taxpayers in audits since 1977.

 

Written by Scott Allen

IRS Audit Myth Number 2: By Tax Debt Advisors, Inc of Glendale AZ

IRS Audit Myths Glendale AZ

I know now that I made a mistake on my tax return, but I’m reluctant to amend the error for fear of being audited.—in reality the filing of a correct amended return may reduce the chances of being audited, especially if you omitted reporting income that was also reported to the IRS on your original return.

Most of the amended returns prepared by Scott Allen E.A. of Tax Debt Advisors are not audited—perhaps as many as 95% are processed without any further review by the IRS.  If there is an item being amended that is a red flag for a Glendale AZ IRS audit but it is a correction of an error, the auditor will be much more lenient if you amend the return rather than have the auditor discover the error.  If you desire a free consultation near Glendale AZ regarding how to amend your return(s) call Tax Debt Advisors at 480-926-9300.

 

Written by Scott Allen

Tax Debt Advisors, Inc. offers advice for a successful Gilbert AZ IRS audit

Gilbert AZ IRS Audit

  • When you have answered an Auditors question—shut up.  Auditors know that taxpayers are uncomfortable with “silence.”  Remember the one who talks first after you have answered the question LOSES.  That may sound a bit blunt to put it in these words but it is critical to a successful Gilbert AZ IRS audit.
  • Remember the Auditor is not your friend.  They are aggressive bill collectors no matter how friendly they may sound in your meeting.  When you get the bill from the auditor you will realize that they are masters at making you feel they are on your side.
  • Never miss an appointment and respond promptly if you cannot meet a deadline.
  • Never get mad or angry.  They IRS auditor will usually stop asking questions at that point and assume you are not cooperating and deny deductions or expenses that you are entitled too.
  • Don’t be too anxious to pay the bill.  You have rights to Appeal the IRS audit assessment.  Almost never go to Appeals alone.  You need a professional to make sure you don’t fail a second time.

Call Scott Allen E.A. at Tax Debt Advisors, Inc. at 480-926-9300 and schedule a free consultation.  Scott will not take your case unless it is in your best interest.

 

Written by Scott Allen

Tempe’s Tax Debt Advisors, Inc. will get you thru your IRS Audit Reconsideration

IRS Audit Reconsideration Tempe AZ

It is not uncommon for clients to not show up to their scheduled IRS audit Tempe AZ.  An audit is like being scheduled to have a surgery without your request—it’s scary.  But when the IRS agent sends you the results of the audit, the real shock begins.  Everything is denied as a deduction on your return and/or expenses taken on your business return.  The agent knows that this is unrealistic but their procedure is to deny everything if you don’t show up.

If you want to get your tax liability reduced, the IRS will allow that through the Tempe AZ IRS audit reconsideration process.  This is not a quick or easy effort.  The IRS will eventually review your support for your deductions but in the mean time you need to get into some IRS settlement option.  Most often an Installment Arrangement.

Scott Allen E.A. of Tax Debt Advisors, Inc. has the ability to advise you on the Tempe AZ IRS Audit Reconsideration procedures.  Remember that you will have to have patience waiting for the IRS to respond.  If you want to reduce your tax liability, contact Scott Allen E.A. at 480-926-9300.

 

Written by Scott Allen

Arizona’s Tax Debt Advisors provides Successful IRS Audit Representation

Mesa Arizona IRS Audit Representation

It is almost inevitable that sometime your individual return or small business return will be audited by the IRS.  It doesn’t matter how careful or legitimate your return is prepared; the IRS computers can select you for a Mesa AZ audit.  The IRS will issue an audit notice within three years of your filing so it is important to keep your records at least three years.  If the IRS can prove that you have under-reported income by 25% or more the IRS has more time in which to audit past returns.

Select a competent Mesa Arizona tax representative that will attend the audit with or without your presence.  You will have to give your representative an IRS power of attorney to represent you.  The initial audit will usually result in what you expect but not always.  Taxpayers can take their case to IRS Appeals where there is more latitude on what the IRS will or will not accept what was claimed on your return.

This summary cannot advise you of what you need to do to prepare for a successful audit in Mesa AZ.  Contact Scott Allen E.A. for a free initial in office consultation.  During your appointment you can decide if you want representation with the audit or with the Appeals office.  Scott will not take you case unless it is in your best interest.  Call 480-926-9300 to schedule your appointment.

 

Written by Scott Allen

Arizona’s Tax Debt Advisors, Inc.—Is IRS Penalty Abatement Possible?

IRS Penalty Abatement Scottsdale AZ

Arizona IRS penalty abatement is not only possible but must always be considered before entering into a settlement option.  The IRS has over 100 penalties that they use to encourage compliance to file of tax returns on time and making prompt payment of amounts due.  Penalties can exceed the amount of the actual tax in some cases.

The IRS will abate penalties is you can prove “reasonable cause.”  Having an excellent past track record of filing and paying on time will help your case immensely.  Rarely is interest on the tax debt abated but the interest on the amount of penalty abated will be eliminated.  Often you will have to take your case to the IRS Office of Appeals in Arizona to be successful.

IRS penalty abatement almost always requires professional assistance.  Scott Allen E.A. near Scottsdale AZ will evaluate your chances of success.  Call Scott today at 480-926-9300 to schedule a free initial, in office, appointment

 

Written by Scott Allen

Tax Debt Advisors in Mesa AZ can negotiate your IRS payment plan

Mesa AZ IRS Payment Plan

The IRS has powerful tools to collect taxes owed.  They include:

  • Not paying you a tax refund on your tax return
  • Levying your wages
  • Garnishing your bank accounts
  • Filing a tax lien
  • Seizing  assets

However the tax laws allow you to avoid the trauma of each of these collection nightmares.  But you must be willing to follow through on the advice you receive from a competent Mesa AZ tax advisor.  Some of the requirements include filing all of your back tax returns, even if you don’t owe.  Remember that refunds older than three years will be forfeited and not applied against your tax debt.

Often your best option is to enter into a Mesa AZ IRS payment plan.  Many times the statute of limitations that the IRS has to collect the debt expires before the installment arrangement pays of the debt.  If you finances show you do not have the ability to pay your necessary living expenses you may be put on a non collectible status which means no payments are required.

Scott Allen E.A. of Mesa Arizona has the expertise to advise you of all of your options and reviewing the pros and cons of each one.  On occasion more than one option will provide the best option.  An example might be to first go on a non collectible status until the taxes qualify for discharge in a tax motivated bankruptcy.  Call to schedule a free initial in office consultation by calling Scott at 480-926-9300.

 

Written by Scott Allen

Tax Debt Advisors, Inc. knows Phoenix AZ IRS Tax Audit Requirements

Phoenix AZ IRS Tax Audit

Scott Allen E.A. of Tax Debt Advisors, Inc. knows that it is frightening to receive a Phoenix AZ IRS Tax Audit Notice.  It is important to retain a professional who knows how to respond to IRS auditor questions.  It’s best to let your representative respond to the letter and attend the appointment.  It is really hard for taxpayers not to keep talking more than they should when the auditor asks questions.  For over 40 years Tax Debt Advisors, Inc. has represented clients in hundreds of Phoenix AZ IRS tax audit cases.  Most of the time the IRS Auditor will not request you to be present at the audit if you have a representative.  But there are times the auditor can demand your presence and it is best not to fight that and appear you have something to hide.

Successful audits are conditioned upon having adequate and complete records to substantiate deductions taken on your tax return(s).  Do not throw away bank records until you are past the time period that your returns are likely to be audited—three years past the due date.  The important thing to keep in mind is that the auditor is a hired bill collector and they decide amount of the bill.  That doesn’t mean that they will be impossible to work with but it does mean that they are serious about collecting money—YOURS.  Scott Allen E.A. offers a free consultation on Phoenix AZ IRS tax audits and can be reached at 480-926-9300.  He will make your appointment a great day for you!

 

Written by Scott Allen

What do I do when I get a Scottsdale Arizona IRS Notice of Deficiency?

Scottsdale Arizona IRS Notice of Deficiency

This is not a matter to treat lightly.  But you need professional help from Tax Debt Advisors Inc. near Scottsdale Arizona.  This is probably from a tax debt calculated from tax return(s) prepared by the IRS called substitute for returns.  When you file a correct return, nine times out of ten your tax liability will be lowered.  A Scottsdale Arizona IRS Notice of Deficiency is also call a 90 day letter.  That is the time you have in which to get your liability lowered.  But because the IRS is a huge bureaucracy, they may want you to enter into a settlement option while you are waiting for them to process your correctly filed return(s).

The IRS Office of Appeals may want further information before accepting the returns as filed.  About two out of three times the return(s) will be accepted as filed.  If the Appeals Officer has any questions it will probably be to review you documentation to support deductions or expenses taken on your return(s).  Tax Debt Advisors, Inc. has the expertise to guide you through this process.  Tax Debt Advisors, Inc. has settled over 113,000 IRS tax debts since 1977 in Scottsdale Arizona and surrounding areas of the Valley.  Call 480-926-9300 today for your free initial consultation.

 

Written by Scott Allen

The IRS has filed a tax lien; can Tax Debt Advisors, Inc still help me?

IRS Tax Lien Mesa AZ

A tax lien in Mesa AZ will make it miserable for you to get a loan.  And if you are given a loan the interest rates will be outrageous.  So if you are being faced with the IRS filing a tax lien against you in Mesa AZ, consider getting professional help and requesting a hearing before the IRS Office of Appeals.  Scott Allen E.A. of Tax Debt Advisors, Inc. has the expertise to represent you and will meet with the Appeals Officer if he feels the IRS should not file a tax lien against you.

Many clients are under the assumption that they have a tax lien against them still in effect, when in fact the lien expired under the statute of limitations.  IRS tax liens Mesa AZ are self-releasing but if you have not paid off the tax, the IRS will not inform the credit bureaus that the tax lien has expired.

Tax Debt Advisors, Inc. in Mesa, AZ offers a free initial consultation to prevent an IRS tax lien or getting it released.  Call 480-926-9300 to schedule an appointment.

 

www.TaxDebtAdvisorsInc.com

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