IRS solutions
December 18, 2009 by taxman
Filed under IRS News Items
New Company Start-Up
In some cases modifying the status of your business or forming a new entity altogether can assist you in the resolution of your tax problem, while also allowing for a substantial savings. Please be advised that these strategies are extremely delicate. Each step must be taken carefully and receiving full consent from the taxing authorities is a must.
Levies: Release of Enforced Collection Actions
If you have received a levy to your bank account, accounts receivable, wage, social security, or disability time is of the essence to have this action reversed. Additionally, threats of asset seizure are real and require immediate attention. Nearly all aggressive collection can be reversed with the proper representation and presentation of how your case is going to be resolved.
Abatement of Penalties/Interest
The IRS is willing to forgive penalties associated with a debt if the taxpayer demonstrates and substantiates “reasonable cause criteria.” Interest is waived only in special circumstances. Even if your debt has been paid in full, taxpayers can still receive a refund of the penalties and/or interest that they have already paid.
Transcript Protests
Many taxpayers believe that their tax account balances are inaccurate. Fixing this problem is simple. We will order your account history via your tax transcript and compile the necessary paper work from you to help prove any inaccurate account balances. We will draft a written protest outlining the account balance concerns and carry out negotiations until a fair and final tax balance is achieved.
Lien Discharges or Subordinations
If you have experienced trouble in obtaining financing or selling of real estate, United Tax can assist through the IRS’ Certificate of Discharge and/or Subordination applications.
Offers in Compromise
This program is designed to settle tax debts for less than the full tax, penalties, and interest owed. If you have minimal equity in assets, minimal net income, believe you do not owe the tax due, or will experience a hardship by paying the debt, please cal United Tax to speak with one of our licensed Enrolled Agents Or Tax attorneys to see if you can profit from this IRS program.
Installment Agreement
Each taxpayer has the option to resolve their debt via a monthly payment plan. These plans can be arranged based off of your current cash flow, projected cash flow, seasonal revenue streams, and also as a tiered agreement that calls for annual increases of the monthly payment amounts.
Trust Fund Recovery Penalty Representation
If a corporation fails to pay its IRS Form 941 Withholding Taxes, any individual deemed either willful or responsible for the tax accrual can be personally assessed the Trust Fund Recovery Penalty. This penalty can be assessed whether your corporation is in business or not. If you are assessed, you can appeal the assessment. These appeals are time sensitive. The IRS also reserves the right to collect from the corporation and the individuals simultaneously. Each of our business owners are fully protected from individual collection, while we work to negotiate a formal resolution strategy from their company. Additionally, each of our business agreements we reach with the IRS are drafted to protect our owners from any future collection tactics through their individual income or assets.
Call United tax (877)530-6505 0r (866) 960-2301 If you have any Questions on these or other IRS resolution Programs.
Tax Preparation
United Tax can assist clients in the preparation of any and all outstanding returns. If we cannot meet your accounting needs, we can, in most cases, refer you to a reputable accounting firm for assistance. As taxpayers begin to fall out of full compliance, filing tax returns typically gets pushed to the bottom of the priority list. By the time most of our clients address the problem, they quickly find out that 2 or 3 years worth of 941’s (Withholding Tax), 1040’s (Personal Income Tax), 940’s (Federal Unemployment Tax), 1065’s (Partnership Income Tax) or 1120’s (Corporate Income Tax) have gone un-filed. Getting current with return filings is not optional and will be required in order to reach your goals in the resolution process.
Call United Tax (877) 530-6505 or (866) 960-2301 or Visit our Sites http://taxcut2010.us/ http://www.taxcut2009.us/








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