Regular Post
Written by Scott Allen

Call Tax Debt Advisors when the IRS Audits Your Tax Return

The IRS computers score each return as to how likely a return will be audited.  If your deductions are higher than average, you are more likely to be audited.  If your deductions are much higher than the average, chances are you can expect to get an audit notice in Arizona.

Most Arizona audits are handled through correspondence.  If the IRS auditor in AZ wants an “office audit” you should be concerned enough to seek professional help.  Scott Allen E.A. of Tax Debt Advisors will usually request the auditor to conduct their review in his office.

Many times the auditor will inspect from a distance your home to see what kind of house you live in and the number and kind of vehicles you drive.  It is very critical that any deadlines the IRS has put in writing are kept.  Missing deadlines or not showing up to your scheduled audit is a red flag that you have something to hide or want to avoid.

Having a professional represent you is critical if you are likely to lose your temper or act defensive.  The cost of retaining the right representative will save you money in the long run in most cases and in every case if your records are incomplete.  Call Scott Allen E.A. of Tax Debt Advisors for a free consultation in Arizona at 480-926-9300.

www.taxdebtadvisors.com

– – info@taxdebtadvisors.com

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

Call Tax Debt Advisors if you receive a Notice of Deficiency to Appeal IRS Proposed Assessments in Gilbert AZ

This notice is referred to as a “90 Day Letter.”  Gilbert AZ Taxpayers have a right to file a petition with the U.S. Tax Court in Washington D.C.  In over 36 years working with Notices of Deficiency, not a single time has a case been referred to tax court.  The IRS and taxpayers want to avoid going to court.  The IRS will refer your matter to the Appeals Office in Phoenix.  Scott Allen E.A. of Tax Debt Advisors has the expertise to represent you at the Office of Appeals.  He will meet with the Appeal Officer and negotiate a settlement of your deficiency.  Scott can be reached for a free consultation at 480-926-9300.  Tax Debt Advisors has represented our Gilbert AZ clients on Notices of Deficiency for over 36 years.

www.taxdebtadvisors.com

– – info@taxdebtadvisors.com

IRS Appeals, IRS Problems
0
Regular Post
Written by Scott Allen

Call Tax Debt Advisors in Mesa AZ to Appeal your IRS Audit Report

If you have gone through and audit and have a problem with the results, you have the right to appeal the results with the IRS Appeals Office.  The auditor will send you the results of your audit and you have 30 days to either agree with the audit or request a hearing with an Appeals Officer.

The Appeals Officer is independent of the Auditor and has more latitude and an attitude to work out an agreement on areas that are grey or in your favor.  Scott Allen E. A. of Tax Debt Advisors has the expertise to represent you before the Office of Appeals.  Scott offers a free initial consultation to review your audit results.  He can be reached at 480-926-9300 in Mesa AZ.  Tax Debt Advisors has been assisting taxpayers in Appeals since 1977.

www.taxdebtadvisors.com

– – info@taxdebtadvisors.com

IRS Appeals, IRS Problems, IRS Tax Audits
0
Regular Post
Written by Scott Allen

New IRS Offer in Compromise rules and changes

IRS Offer in Compromise rules

Important changes to the IRS’s Offer in Compromise Program (Form 656).  IRS Tax Problem help from Tax Debt Advisors, Inc. here in Mesa, Arizona

Offer in Compromises have become increasingly tough to get the IRS to accept over the last 10-15 years.  Most taxpayers made too much money or had expenses too high that the IRS does not accept.  In previous years the IRS multiplied your monthly available income by either 48 or 60.  As of recent years the IRS has changed those numbers to 12 and 48.  This is a huge difference in Offer amounts the taxpayer would be required to pay to the IRS for their past tax debt.  Call and talk with me, Scott Allen, E.A. and schedule an appointment for a free consultation to discuss your IRS (or state) debt.   While the old Offer in Compromises rule didn’t work for you in the past, find out today if you will qualify under the new IRS Offer in Compromise rules.

Scott Allen, E.A.  Tax Debt Advisors, Inc  Phone 480-926-9300

Mesa AZ IRS tax debt help, Gilbert AZ IRS Offer in Compromise help, Chandler AZ IRS problem help, Phoenix AZ File Back Tax Returns, Scottsdale AZ IRS Tax Settlement Company

 

BACK TAX RETURNS, IRS Problems, Offer In Compromise, Tax Advisor
0
Regular Post
Written by Scott Allen

Phoenix IRS Offer in Compromise vs. filing tax court petition

Phoenix IRS Offer in Compromise

If you have the opportunity to file a tax court petition or a Phoenix IRS offer in compromise—always file the tax court petition.  An offer will take a long time to process and it is doubtful that you will know the amount of the offer that will ultimately be acceptable to the IRS.  The filing period for a tax court petition is only 90 days.  You will not know the results of an offer before the deadline on the tax court petition will lapse.  If you are working with a competent representative you should know what you will be expected to pay on your tax court petition.  Also, you should never or almost never expect to go to tax court.  Your advisor should get your case assigned locally to the Appeals Office at the IRS.  This is one area that you should most definitely consult with a representative to know your options under both situations before getting started.

Scott Allen E. A.

Tax Debt Advisors, Inc for Phoenix IRS Offer in Compromise

www.IRShelpblog.com

 

IRS Levy, IRS Problems, Unfiled Tax Returns
0
Regular Post
Written by Scott Allen

What is the average IRS settlement Queen Creek Arizona?

IRS Settlement Queen Creek Arizona

There are several different ways to get an IRS Settlement Queen Creek Arizona ?  I am always uncomfortable quoting or giving averages when it comes to settling up with the IRS.  Here is why.  If you are talking about a settlement with an Offer in Compromise, over 98% of the clients who come in don’t qualify for this type of a settlement for various reasons.  So what good is an average when you are only talking about 2%.  We have had some offers for as low as ½ cent on the dollar up to 88 cents on the dollar.  If those were the only two offers, saying the average is 44 cents on the dollar is a ridiculous statement.  For one it would be 8,800% too high and the other 50% too low.  I suppose an average of 15% might be reasonable on all of the Offer in Compromises we have had accepted for clients.

If a client discharges their taxes under the Chapter 7 rules of bankruptcy then the settlement is zero.  It is always zero.  How do you give an average here other than to say our average settlement is zero if you choose to settle your IRS debt using a Chapter 7 bankruptcy?  There is no average, it is always the same.

The best thing to do is to come in and find out what your IRS settlement Queen Creek Arizona would be rather than rely on an average which will more than likely be much different than what you will ultimately receive.  Once I know how much you owe the IRS, how long you have owed the IRS, and have some financial information, I can tell you what you can expect under all the options that are available to settle with the IRS.  And that information will be much more valuable to you than an average from previous clients whose financial ability to pay on the amount owed that never matches your particular situation.

I like to tell clients that if you were a manager of a baseball team and you had two choices—send up a batter with a one in three chance of getting a hit or one you knew would get a hit, which would you choose?  Obvious, you would go with the one you knew was going to get a hit.  That is what you can expect from me.  I will tell you what settlement you will get from the IRS, once I know the facts.  Don’t ever take a chance on relying on averages when you can know the answer with just a little more time and effort.  Practitioners who quote averages will always use that inappropriately to get you to use them and then when it doesn’t happen, will always use it to say, “Well, I was only giving you an average, your settlement is much higher now that I know the facts.”  The best advice is to know the facts not the averages.

Scott Allen E. A.

Tax Debt Advisors, Inc offering IRS settlement Queen Creek Arizona

www.stopIRSaction.com

 

BACK TAX RETURNS, IRS Problems, Offer In Compromise
0
Regular Post
Written by Scott Allen

CNC Status and Discharging Taxes in Bankruptcy

Can I discharge taxes in bankruptcy?

CNC stands for currently not collectible.  That means that the IRS does not require you to make any payments towards your tax liability.  Almost all of our clients who want to discharge taxes in a bankruptcy will have to wait 2 or 3 years depending on the assessment dates of past returns with taxes owed.  If you quality for a CNC status, you have the benefit of not having to pay any money towards your tax debt while you are waiting to discharge your taxes in a Chapter 7 Bankruptcy.  The important question to get an answer on is then—do you qualify to file a Chapter 7 bankruptcy.  There are limitations to the amount of income you are earning and assets you own.  A consultation ahead of time can allow you to prepare for qualification to discharge your tax liability.  Scott Allen EA of Mesa Arizona in 85204 offers free consultations for IRS debt settlement options. Give him a call today at 480-9269300.

Scott Allen E. A.

Tax Debt Advisors Inc

www.taxdebtadvisors.com

 

IRS Problems, Tax Bankruptcy, Tax Debt
0
Regular Post
Written by Scott Allen

GET IRS OFF MY BACK – How long after I get a notice from the IRS will they take action?

Can I get the IRS off my back?

It depends upon the type of letter you get.  Generally, most letters from the IRS give you 30 days to take some corrective action before the IRS will lower the boom.  Many letters mention 10 days.  This usually means you have 10 days to pay the amount due or additional interest or penalties will be added to the balance.  Clients read the words 10 days and stop there.  If they read further they would read that they have 30 days in most cases to take action.  But even though the IRS can take action in 30 days, it may be much longer before they actually do.  However, it is a poor bet to take any chances.  If you are uncertain as to what should be your next step, seek the advice of an IRS resolution specialist.  Call Scott Allen EA of Mesa Arizona at 480-926-9300.

Scott Allen E. A.

Tax Debt Advisors, Inc

www.getirsoffmyback.com

 

BACK TAX RETURNS, IRS Problems
0
Regular Post
Written by Scott Allen

TAX DEBT ADVISORS INC in MESA AZ

IRS Representation by Tax Debt Advisors Inc

How to choose an IRS representative in Mesa AZ?

First, and perhaps the most important consideration is to make sure that the person who will represent you is the person setting in front of you in your initial interview.  If you are only meeting with a sales person who will send your fee and paperwork to another location, you will be disappointed.  So find someone local who can be held to a higher level of performance than someone outside your local area.

Second, if you hear the phrases, “pennies on the dollar” or “wipe out all your penalties and interest” you will be disappointed 98% of the time.  Those solutions exist but are relatively rare occurrences.

Third, if you are told something that you want to believe but it sounds too good to be true, it probably is.  Get a second opinion.

Fourth, having a good listing at the BBB is a matter of sending in your fee to be listed.  Only rely on BBB information if it is negative.  Positive ratings are unreliable.  The BBB is bending over backwards to keep clients and are reluctant to lose business unless it is absolutely necessary.

Fifth, if you sign a power of attorney, make sure your representative is listed, has a CAF number, and is either an E. A. Enrolled Agent, CPA or an Attorney.

Six, make sure you have all of your options before you at one time before picking the best solution for you.  Every settlement option has something good about it and something not so good about it.  However, one is much better than the others.  Some IRS settlements require more than one option and it is important that you understand when you are to switch from one option to another.

Tax Debt Advisors Inc is a local Mesa AZ family company that can properly represent you from start to finish with you IRS matter. Working local will always be better almost 100% of the time.

Scott Allen E. A.

Tax Debt Advisors, Inc

www.taxdebtadvisorsinc.com

 

IRS help by city, IRS Problems
0
Regular Post
Written by Scott Allen

COLLECTION STATUTE EXPIRATION DATE

Collection Statute Expiration Date – CSED

If the IRS does not collect the taxes within ten years form the date of assessment, then the tax is abated and liens are released against the taxpayer’s property.  If you have several years that you owe on, it is advisable to designate your payments when possible to the most current years rather than to older years that may be close to expiring.  The IRS, without designation from the taxpayer will always apply payments to the oldest debt.  In most cases the IRS will apply voluntary payments to the oldest tax debt regardless of any designation made by the taxpayer.

There are some actions by the taxpayer that can extend the CSED.  The most common are a pending bankruptcy, a judgment or litigation in tax court, a collection due process appeal, a pending offer in compromise or when the taxpayer voluntarily signs a waiver extending the collection statute.

If you think your tax debts have expired we can confirm this verbally and in writing from the IRS.  This inquiry if done correctly does not need to wake up a “sleeping giant.”   Most taxpayer are under the false assumption that once you owe the IRS the debt will stay there until fully paid.  State laws differ from the IRS.  Some states have no expiration dates on tax debts.  If you are uncertain as to your tax debt status, especially those that might have expired, we can help you get a confirmation and clear up tax liens that will likely still be marks against your credit.

Scott Allen E. A.

Tax Debt Advisors, Inc.

www.scottallenea.com

IRS Problems, IRS Tax lien problems, IRS Wage Garnishment
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