Tax and IRS Help

IRS tax liens can be a significant source of frustration. They can prevent you from buying or selling a house and they ruin your credit. Luckily, there is much that can be done to ease the burden of, or completely eliminate, tax liens.  A lien is a type of debt that allows the one to whom you owe money to take your property if you don't pay the debt.

The IRS is widely known as the world’s most aggressive and successful collection agency. They have billions of dollars and thousands of employees at their disposal. At the heart of the IRS’s collection arsenal is the federal tax levy. Levy refers to the IRS’s power to take your property and wages in order to satisfy your tax debt. The most common levies are the wage levy and the bank levy.

IRS Audit Representation

Every year, taxpayers are required to file a tax return. Your tax return reports to the IRS what your income was for the previous year, and sets forth your own calculation of the taxes you owe. This self-made calculation of your taxes is called “self-assessment.” As inconvenient as it is for all of us to have to file a tax return year in and year out

Businesses with employees are required to withhold income, Social Security and Medicare taxes from their employees’ paychecks. These amounts are then paid to the IRS at the end of every quarter. Until these amounts are paid to the IRS, the business holds onto the funds in trust (meaning, for the benefit of a third party, here, the IRS).

Penalty/Interest Abatement

Every year individuals and businesses must pay taxes (unless they make so little that none are due). Also, with certain limited exceptions, individuals and businesses must file a tax return. Failure to do either

Every year, taxpayers are required to file a tax return. Your return reports to the IRS what your income was for the previous year, and sets forth your own calculation of the taxes you owe.

Unfiled Tax Returns

Every year the IRS requires taxpayers to file a tax return that reports all income to the IRS and pay any taxes owed on that income. For various, often justifiable reasons, well-meaning taxpayers do not file their tax returns. This can leave a taxpayer open to substantial penalty and interest charges, and will prevent the IRS from being open to working out a solution for most tax problems.

If you owe money to the IRS, but cannot or do not want to pay the full amount immediately, you may be able to enter into a payment plan to pay off your IRS tax debt over time. These payment plans are called Installment Agreements. There are several types of IRS tax Installment Agreements available to taxpayers, depending on the specific circumstances of the case.