Regular Post
Written by Scott Allen

Call Tax Debt Advisors. Inc. if you receive a Scottsdale Arizona IRS Audit Letter

You are well advised to get a consultation with an IRS audit professional near Scottsdale AZ.  In general it is best to have representation at the audit meeting.  Scott Allen E.A. has audit expertise and sometimes may advise you to attend the audit with him.  If you do decide to handle the audit alone, only respond to the questions asked and don’t volunteer information.  Audits can be done at the auditor’s office, your representative’s office, your home or through correspondence.  Locations are dictated by the IRS auditor based on the circumstances surrounding the purpose of the audit.

Call Tax Debt Advisors, Inc. at 480-926-9300 to schedule a free consultation.  Tax Debt Advisors, Inc.  has represented clients at IRS audits for over 36 years.

www.taxdebtadvisorsinc.com

– – info@taxdebtadvisors.com

IRS Problems, IRS Tax Audits
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Regular Post
Written by Scott Allen

Tax Debt Advisors, Inc.–information on IRS Audit Red Flags

Here is some information about IRS audit red flags for Chandler Arizona residents.  Some can be avoided and others cannot.  However, if you are entitled to a deduction, take it.  Don’t avoid a deduction because it might trigger an audit.  Here are the top ten reasons taxpayers get audited:

  • Income is too high—not much you can do here but it is facts that the higher your income the higher the chances you will be selected for an audit even if you don’t have other audit red flags.
  • Omitting income that has been reported to the IRS—the IRS computers match up income reported to them, to income reported on your return.  If you have omitted a 1099 or W-2, the IRS will send you a notice.
  • Large charitable donations of property—remember to file form 8283 for donations over $500 and have an appraisal.
  • Home Office deduction—everyone wants to deduct what amounts to personal living expenses against business income.  Remember that the area of your home that you want to write-off expenses must be used exclusively and regularly as your principal place of business.  A corner of your bedroom or kitchen is not acceptable.
  • Rental losses—active participation allows you to write-off up to $25,000 of loss subject to phase out rules.  Real estate professionals who spend more than 50% of their time and 750 hours each year can deduct losses with no limitations.
  • Excessive business meals and travel and entertainment expenses—it just seems to be too tempting for self-employed individuals to try to take advantage of these deductions and the IRS knows that.
  • Writing-off 100% of business use of vehicle—just reporting a more realistic % can avoid a tax audit in this area.
  • Businesses that lose money—there must be a profitable business motive.  If you are trying to deduct each year losses from what amounts to a “hobby,” expect an IRS audit.
  • Higher than average deductions—deductions that are higher than average compared to income reported is a huge red flag.

Scott Allen E.A. of Tax Debt Advisors, Inc. offers a free consultation for Chandler AZ taxpayers and all surrounding cities, and can be reached at 480-926-9300.  Tax Debt Advisors, Inc. has been representing taxpayers since 1977.

www.taxdebtadvisorsinc.com

– – info@taxdebtadvisors.com

IRS Problems, IRS Tax Audits
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Regular Post
Written by Scott Allen

Call Tax Debt Advisors, Inc. for suggestions on how to prepare for your meeting with IRS Auditor in Gilbert AZ

The key to a successful audit is to be organized before you go into the audit.  Generally taxpayers require professional assistance to get their records in audit format.  It’s like doing an audit on yourself before you meet with the IRS auditor in Gilbert Arizona.   Taxpayers are often surprised to find that their records are not in agreement with what was reported on their tax returns.  If the auditor insists on meeting at your home there is cause for concern.  The auditor wants to evaluate your “life style.”  If your auditor wants to meet you at your home, call Scott Allen E. A. of Tax Debt Advisors, Inc. for representation.  Tax Debt Advisors, Inc. offers a free consultation and can be reached at 480-926-9300.  Tax Debt Advisors, Inc. has been representing taxpayers in an near Gilbert AZ since 1977.

www.TaxDebtAdvisorsInc.com

– – info@taxdebtadvisors.com

IRS Problems, IRS Tax Audits
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Regular Post
Written by Scott Allen

Call Tax Debt Advisors, Inc. if you have been selected for a Tempe AZ IRS tax audit

Most taxpayers assume that Tempe Arizonatax audits are only done by the IRS.  Generally, that is true but if the IRS audit shows that you under reported income or over deducted expenses, they will notify the state you live in as well and you will have additional taxes, interest and penalties from your state.  Tax Debt Advisors, Inc. has the expertise to represent you before the IRS.  IRS form 2848 (Power of Attorney) authorizes Scott to represent you.  Once the IRS auditor receives this form they are required to send all correspondence to Tax Debt Advisors, Inc.  Scott will be able to attend the audit without your attendance in most situations.  His company Tax Debt Advisors, Inc. has negotiated settlement options if in fact you owe more taxes.  Just having Scott Allen E.A. on your side reduces the stress of being audited.  Call Scott Allen E.A. at 480-926-9300 to schedule a free consultation.  Scott will not take your case unless it is in your best interest.  That is why Tax Debt Advisors, Inc. near Tempe AZ has be helping taxpayers since 1977.

www.taxdebtadvisorsinc.com

– – info@taxdebtadvisors.com

IRS Problems, IRS Tax Audits
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Regular Post
Written by Scott Allen

Tax Debt Advisors, Inc. — how long can the IRS audit my tax returns in Mesa AZ?

First off remember that most people fear Mesa AZ audits more than they should unless you have committed fraud.  In general the IRS has three years from the due date of the return to notify you of an audit.  Your 2012 return is due on April 15, 2013 and the IRS has until April 15, 2016.  There a two exceptions to this rule.  If you under reporting income more than 25% the IRS has six years to take action and if you filed a fraudulent tax return there is no expiration date.

Most audits specifically target only a few areas.  Before you refill your medications for tranquilizers or anti-depressants, call Scott Allen E.A. at Tax Debt Advisors, Inc. as soon as you receive an IRS audit notice.  Scott offers a free consultation and can be reached at 480-926-9300.  Tax Debt Advisors, Inc. of Mesa AZ has been helping taxpayers for over 36 years.

www.taxdebtadvisorsinc.com

– – info@taxdebtadvisors.com

IRS Problems, IRS Tax Audits
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Regular Post
Written by Scott Allen

Tax Debt Advisors, Inc. negotiates settlements on your Arizona IRS Problems

If you have received written notification from the IRS that you owe on your taxes you need professional help.  Ignoring IRS correspondence will lead to IRS tax liens, wage garnishment and levies on your bank accounts.  Having an Arizona IRS problem is like finding out you have cancer—the longer you wait to deal with your problem the worse it will get.  Tax debts don’t get better or go away because you ignore them.  Yet that is what many taxpayers do.  Procrastinating action in dealing with your IRS problem makes professional assistance almost a necessity.

That is the bad news.  Here is the good news.  There are many options available to deal with your IRS problem that can eliminate or reduce the taxes owed, or allow you time to pay the IRS liability over time.  I suggest you schedule an appointment with Scott Allen E.A. of Tax Debt Advisors, Inc.  He offers a free consultation and can be reached at 480-926-9300.

www.arizonairsproblems.com
– – info@taxdebtadvisors.com

IRS Problems, Offer In Compromise
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Regular Post
Written by Scott Allen

Why use Scott Allen, E.A. with Tax Debt Advisors, Inc?

Who should be your Arizona IRS Representative?

  • E.A. stands for Enrolled Agent.  Enrolled Agents are authorized to represent clients in all 50 states.  Attorneys and CPA are only able to represent themselves to clients as Attorneys or CPA’s in the states that they are licensed.
  • An E.A. or Enrolled Agent must pass a rigorous test regarding their knowledge of tax law.  The Bar exam given to Attorney’s has almost no requirements for tax knowledge.  The same is true of the CPA exam.
  • IRS agents and IRS officers are known as “bill collectors” and are hired to get the largest payment or settlement they can—that’s their job.  Scott Allen E.A. is there to make sure you get the smallest payment or settlement allowed by law.
  • It can be very intimidating working with IRS agents and officers.  With Scott Allen E.A. you will be put at ease regarding your IRS problem and know that it is being handled by a competent IRS representative.
  • Many IRS employees are incompetent or only willing to do the minimum amount of work to keep their manager off their back.  You need IRS representation to keep your IRS agent or officer “on their toes”.  Scott Allen E.A. can request a conference with your IRS agent or officer if he senses that he is getting the “run around”.  That is something most taxpayers are unable to detect.
  • Not always but occasionally IRS agents or officers will take advantage of your lack of IRS procedures and policies.  IRS agents or officers know that an Enrolled Agent is knowledgeable of IRS procedures and policies.
  • Most tax preparers including CPA’s are not experienced in working with IRS resolution work.  Scott Allen E.A. expertise is in resolving IRS problems.

Don’t put your head I the sand.  It is only a matter of time before the IRS catches up to you.  Put time on your side by contacting Scott Allen E.A. today at 480-926-9300 for a free consultation and put your mind at ease.

 

IRS help by state, IRS Problems, Tax Advisor
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Regular Post
Written by Scott Allen

Can someone actually get out of IRS tax debt in Arizona?

IRS Tax Debt in Arizona

The answer is yes, but some ways are easier than others.  Let’s face a few facts.  Some clients spent several years getting into tax trouble and are unrealistic to think that  there is a magic pill or potion that will instantly make the problem go away without any pain or effort.

A short story may be helpful.  One day my father took me over to my grandmother’s house to pull some weeds.  I had previously asked him if I could go to the beach with some friends that day.  When I saw the half acre with weeds up to my waste, I was convinced that there was no way I was going to be able to pull those weeds and go to the beach.  My father drove away and left me there.  He was gone for about 30 minutes and had returned to see what I had accomplished.  I had not pulled any weeds—not one.

Now I was told in no uncertain terms that I need to start the project and he would come back in 30 minutes to see how I was doing.  I reluctantly started the process.  I pulled one weed and it came out pretty easily.  The next pull I was able to get two weeds with just one hand.  Eventually I was able to get about ten weeds in one hand, then I figured out how to get both hands working and was pulling out twenty weeds with two hands.  When my father came back in 30 minutes, I was half done.  I was shocked at how much I had accomplished.  My father had taught me a very valuable lesson that day.  “One weed at a time.”  The project was completed in less than an hour.  If you had asked me how long it would have taken me to do that job, I would have guessed three days.

It is the same with IRS tax debt in Arizona.  I ask my clients to do one task at a time and to keep moving forward and before they know it, their IRS problem will be done.  The vast majority of clients say, “If I knew it was going to be that easy, I would have started this process a long time ago.”  I remind them that it wasn’t an easy process.  It became easier once they started.  That is the hard part—getting started and staying committed to the task.  Goethe said it best when he stated, “Are you in earnest?  Seize this very minute—Boldness has genius, power and magic in it.  Only engage, and then the mind is strengthened.  Begin it, and then the work will be completed.” 

This is true with your IRS tax debt in Arizona.  Do you earnestly want to get it resolved?  If so then engage in the process, begin the task, and as soon as you begin it you are half completed.  The second half will be easier to complete once you realize you are half done already.  A tax problem and a half acre of weeds had a lot in common.  With a one hour free initial consultation I can tell you what it will take to get your IRS “weeds” out of your life.

Scott Allen E. A.

Tax Debt Advisors, Inc

www.stopIRSaction.com

 

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Written by Scott Allen

STOPIRSACTION.COM – DISCHARGING TAXES IN A BANKRUPTCY

Discharging Taxes in a Bankruptcy

Discharging taxes in a Chapter 7 bankruptcy is one option available to settle your IRS debt.  But you have to have all of your ducks lined up ahead of time.  Here is a summary of your ducks.

1)      Make sure you have filed all of your past tax returns.  A return filed by the IRS called a substitute for return (SFR) is not considered a filed return.

2)      If all your returns have been filed, they must be filed for at least two years and it must be three years from the due date of the return before a tax year can be discharged.

3)      If you have been audited or the IRS has made some adjustment to your return or you have amended the return, it must be at least 240 after the adjustment before that tax year can be included in a bankruptcy.

4)      Income taxes are dischargeable but payroll taxes are not.

5)      You income must be below a certain amount which depends on your family situation and the year you are filing the bankruptcy.  If you have the ability to pay your taxes off by making monthly payments, the bankruptcy option is out.

6)      If you have significant equity in assets like a business, home or investment property, those assets will prevent you from filing a bankruptcy to discharge your taxes.

If you are considering filing a bankruptcy, I offer a free consultation to evaluate all of your settlement options.  I will refer you to a bankruptcy attorney who is the only one qualified to determine if you can file a bankruptcy.  I can determine what taxes will be dischargeable in the bankruptcy and get written proof from the IRS.

Scott Allen E. A. in Mesa AZ

Tax Debt Advisors, Inc Since 1977

www.stopirsaction.com

 

IRS Problems, Tax Advisor
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Regular Post
Written by Scott Allen

WILL THE IRS THROW ME IN JAIL?

Chances are the IRS will not put you in Jail

The IRS has almost unlimited power but the times that it resorts to severe action are very rare and never without giving you many opportunities to correct the problem.  Try to remember that in almost every case you are negligent not criminal.  Your IRS matter is like a bad parking ticket, not a hit and run crime.

We have never had a client lose their house or vehicle.  The IRS doesn’t want your house or car.  In fact they are required to allow you to have adequate housing and transportation.  You may have to trade in you Ferrari for a Toyota but you can still have a good safe vehicle.  If you live in a home that was paid for with your unpaid taxes, you may have to downside but the IRS gives you adequate time to make the transition.  But in most cases the client has previously decided that they cannot afford the home they are living in.

Unless you are guilty of income tax evasion, which means that you did not report significant amounts of income on your filed tax returns, you do not need the services of an attorney.  On over 113,000 tax debts settled over 45 years, we have only referred six clients to seek legal help and none of them were ever incarcerated.

The IRS does publicly advertise a few cases a year that get your attention.  Fear of criminal action is one of the best ways the IRS motivates the public into compliance of filing and paying their taxes.

 

Fear of IRS action is one of the main reasons clients procrastinate taking positive action to put their tax debts in a settlement and moving on with their lives.  Once you know what needs to be done to fix your IRS problem, your fear factor will be greatly reduced.  So stop living in fear and start living with purpose.  Call me for no cost consultation to see what settlement options are available to you.

Scott Allen E. A.

Tax Debt Advisors, Inc.

 

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