Tax Resolution

Most taxpayers file their tax returns on time, but sometimes they just stop filing altogether. Usually, this is due to a change in circumstances such as financial or emotional hardship.

Or, maybe they’ve misplaced the paperwork needed to file their return or were overwhelmed by the complexity of the new tax reform laws and just didn’t get around to filing this year. Whatever the reason, failing to take action only makes a bad situation worse. 

According to IRS estimates, more than one million taxpayers fail to file their tax returns in any given year. Whether you file as an individual, head of household, are self-employed or file a business or corporate tax return, if you’re one of them, we can help.

Here’s what we do for you:

- Reconstruct tax records if you’ve misplaced these documents

- Prepare and submit non-filed tax returns

- Negotiate with the IRS on your behalf

- Submit an offer in compromise to the IRS

- Arrange installment agreements with the IRS to pay back taxes owed

- Represent you throughout the tax preparation and collection process

Whether it’s been one year or ten since you stopped filing your tax returns, it’s not too late. If you don’t owe any tax, you might be due a refund. If you do owe tax, then you might be able to minimize the amount you owe.

Failing to meet payroll tax payment and filing deadlines can result in much harsher consequences compared to other types of penalties. These penalties can rapidly escalate your outstanding tax liability.

The IRS takes an exceptionally aggressive stance when it comes to collecting payroll taxes. They may opt to confiscate your business assets, force closure, liquidate assets through auctions, and essentially shut down your operations rather than allowing further accumulation of unpaid payroll taxes.

If you find yourself falling behind on payroll taxes, it is crucial not to engage with the IRS independently. The way you respond to their initial inquiries can determine the fate of your business. It is of utmost importance to enlist the services of a professional representative who possesses a deep understanding of how the IRS functions.

A lien can be imposed on either you, your spouse, or your company. If it's placed on your company, it could lead to the seizure of your accounts receivables. At this point, everything you own is at great risk of becoming the property of the United States Government.

Additionally, IRS-filed liens against you come with further repercussions. They prominently feature on your credit report and frequently obstruct your ability to open a checking account or secure loans using your assets, such as your home. Banks tend to steer clear of the added complications that arise when the IRS gets involved in collecting funds.

When a Federal Tax lien appears on your record, obtaining a reasonable loan, such as for a car purchase, becomes extremely challenging. Imagine having to deal with interest rates ranging from 18% to 22% on a car that is already expensive. Furthermore, buying or selling real estate becomes nearly impossible. The scope of these consequences is nearly boundless.

Levies can have a profound impact and can severely disrupt your life. When the IRS resorts to levying, it's their way of grabbing your immediate attention. Essentially, they're saying that they've attempted to reach out to you without success. Picture waking up one day to discover that all your bank accounts have been drained, with every last cent taken. If this amount doesn't cover your outstanding tax debt, they'll keep extracting money until the debt is settled. They're well aware that seizing your bank account will result in bounced checks, alerting many individuals to your tax issues. However, their sole objective is to collect the taxes owed, without any other considerations.

As dire as this situation may be, an even more distressing method is wage garnishment. This is when a significant portion of your paycheck is diverted to the IRS, leaving you with inadequate funds to cover your bills, and this continues week after week until your debt is satisfied.

Should these measures fail to achieve their goal, the IRS will resort to drastic actions. They'll take possession of your assets and auction them off. This encompasses all your belongings, including your home, vehicles, boats, jewelry, motorcycles, insurance policies, retirement funds, and anything of significant value.

We frequently succeed in having these levies lifted and can help you navigate your way out of this daunting predicament. Our aim is to bring you to a point of financial equilibrium with the IRS, aligning your payments with what you can realistically afford, thereby enabling you to start afresh in your financial life.

As bad as that is, a worse method is a wage levy (or garnishment). That's when most of your pay check goes to the IRS, they don't leave you enough to pay the bills, and most of your check goes to the IRS each and every week until the debt is paid.

If that doesn't accomplish what they want, they'll pull out all the stops. They'll seize your assets, and sell them at auction. That includes everything you own; home, cars, boats, jewelry, motorcycles, insurance policies, retirement funds, anything of value.

We are often able to get those levies released and help you get out of this terrible situation. Our goal is to get you even with the IRS, with what you can afford, and let you start life anew.

When the IRS takes possession of your assets, their primary goal is to promptly auction them off. Typically, they manage to fetch a price that's considerably less than half of the assets' actual value. Consequently, they tend to confiscate a wide range of your possessions, which can encompass your residence, vehicles, watercraft, valuable jewelry, motorcycles, insurance policies, and even your retirement savings.