Showing posts with label Experts in taxation issues and tax relief. Show all posts
Showing posts with label Experts in taxation issues and tax relief. Show all posts

Thursday, November 5, 2020

Experts in taxation issues and tax relief.

Do you owe $10,000 or more in #taxdebt to the #irs? Dealing with the IRS on your own can be a horrible experience, and means that you haven't hired an tax resolution expert.

Nonetheless, they are considered a great help in advising their clients on how to lessen their tax liabilities. 

Tax debt advisers also provide valuable tax advice on what tax exemptions you qualify for, along with giving the demarcation line between legal and illegal ways of reducing or avoiding taxes.

​A tax attorney guides a client to avoid future tax problems. They also defend clients in cases of criminal and civil suits regarding tax troubles. When a taxpayer has trouble with the state department of revenue or Internal Revenue Service, they may try to remedy it themselves or hire the services of a tax debt specialist

If you choose to take on this huge task and do-it-yourself, you may fail to satisfy the tax debt or pay more than you had to pay. 

If you are in trouble with the IRS.

Owe the IRS $10,000 or more in tax debt? 

Avoid any further tax trouble, additional penalties, interest or late fees and take the first step in resolving your federal tax or state tax problems today.provide assistance to resolve your tax debt, delinquent tax problems, tax disputes and IRS back taxes. 

Our team of tax consultants, tax attorneys, enrolled agents, and CPAs are considered the most effective tax resolution company in America. team is exceptional at dealing with the IRS, reducing tax debt, eliminating tax disputes, negotiating IRS payments. 

Installment Agreements, Offer in Compromise, Penalty Abatement, IRS Tax Payment Plans, and Audit Representation to name a few. 

We can help protect your income, negotiate a reasonable IRS payment plan or settlement and provide you freedom from the IRS.

Thursday, October 22, 2020


1. Tax Issues Analysis: After your free consultation, we offer you the choice of hiring us as your tax resolution consultant. New clients sign our engagement letter as well as a Power of Attorney (IRS form 2848). Your tax resolution consultant interviews you further in the effort to complete your financial profile. 

2. Discovery - Investigate: Your tax resolution consultant will immediately get the details of your tax history from the IRS. We will discover your precise tax debt condition by adding this tax history to the information which you already presented to us. We then begin to lay the groundwork for your client-centered solution. 

3. Tax resolution Implementation: We examine various resolution alternatives for their possible inclusion in the overall plan and select several that roughly fit your tax debt condition. We blend parts of various solutions into the working tax resolution plan for your case. At this point we also make sure that you are current with your filing of tax returns. 

4. Negotiation with IRS: We present your proposed tax resolution plan to the IRS. We check the progress of this plan throughout. Usually, the IRS will seek added information. 

5. Tax Settlement: The final resolution will usually settle most tax debts for a fraction. If the final resolution is unsatisfactory, we will advise you of alternatives.

Wednesday, September 16, 2020

Do you owe $10,000 or more in IRS tax debt?

Owe $10,000 or more in IRS tax debt? In some cases, you can reach a tax resolution and settle for far less than the amount you owe. This is known as an Offer in Compromise

 Tax Resolution

An offer in compromise is a tax resolution settlement of a delinquent tax account for less than the original amount owed. However, you will not get such an Offer approved without specialized assistance. As per the data available, in the year 2004 only sixteen percent of Offers were accepted. 


Tax Resolution

If you are the having tax disputes with the IRS, tax professionals like experienced Enrolled Agents (EAs), Certified Public Accountant (CPAs), and tax attorneys can help you reach a tax resolution. Tax resolution encompasses a wide variety of settlements which includes IRS audits, Federal Tax Liens (IRS Liens), bank levies or wage garnishments, IRS penalty abatement, innocent spouse defense, bankruptcy discharge analysis, Offer in Compromise, un-filed or delinquent tax returns, and IRS collection statute of limitation analysis. 

Tax Settlement Services

Thus, it is advisable to seek services of professionals (like EAs, CPAs or tax attorneys) specializing in solving tax problems or negotiating a tax resolution. You should get in touch with these professionals if you are involved in tax disputes like un-filed tax returns, missing records, threat of tax levy, or, if you need a tax resolution like Installment Agreement or an Offer in Compromise or want to be declared Currently Not Collectible. 

Tax Settlement Services

For taxpayers, who are not able to reach a tax resolution immediately, an installment agreement can be a reasonable payment alternative. Installment agreements permit the full payment of the tax debt in smaller, more manageable amounts for the taxpayer. Currently Not Collectible is another tax resolution strategy, which implies that an individual has no ability to repay his or her tax debts. The IRS can affirm a person as "currently not collectible" after the IRS receives concrete substantiation that the individual has no capacity to pay. Once the IRS proclaims an individual as "currently not collectible", the IRS discontinues its recovery or collection activities, including levies and garnishments. However, the IRS sends an annual statement to that taxpayer stating the amount of tax still owed. 

IRS offer and compromise

While currently in not collectible status, the ten-year statute of limitations on tax debt collection remains in force. If the IRS cannot collect its tax dues within the ten-year statutory period, the tax debt expires. The IRS is perennially, under tremendous pressure to recover the billions of dollars, currently outstanding. Therefore, it will seriously consider all the reasonable offers to recover its debts and try to reach a tax resolution or close cases in all these areas. 
IRS offer and compromise

Settle Tax Debt from IRS Back Taxes. 855-913-0249

X-pert Tax Resolution solves tax problems for businesses and individuals everyday. 

Do you owe tax debt from IRS, Tax Resolution X-perts can assist you in settling your tax debt for a fraction of the owed amount. Call 855-913-0249 to speak with a CPA about your tax problem.

Don’t try to solve tax problem on your own, IRS doesn't make solving tax problem easy for taxpayers. Dealing with the IRS is a bit stressful and confusing for a novice to handle. Stop trying to resolve these complex issues on your own. 

Are you experiencing tax problems with IRS? Do you owe $1000 or more to IRS or State on back taxes? The ideas of trying to pay off growing tax penalties, finding the missing paperwork to file your back taxes, or facing an IRS inspection can seem like too much. If you are in this situation, don't hesitate to get tax relief, turn to Tax Resolution X-perts today. Don’t be afraid of the IRS anymore. If you owe more than $1000, back taxes do not hesitate to call Tax Debt Relief professional team to stop levies, seizures, or wage garnishments and to solve your tax problem as appropriate and available for your situation.

We have tax resolution expert that get tax relief for both individuals and businesses. We can get tax penalties reduced, file delinquent tax returns and negotiate a number of a different payment option to pay off your tax debt like an offer in a compromise or an installment agreement. 

Our service includes:
IRS audit assistance
Releasing tax liens and levies
Filing back taxes
Tax penalty abatement
Resolving payroll tax problems
Tax relief solution for business and individuals
Preparing offers in compromise.

Tuesday, September 15, 2020

Save On Taxes

Save On Taxes: Buy A Hybrid Car

The hybrid vehicles are significant in saving the tax payer from paying a big amount of tax. 

Those who are benefited by the purchase of the hybrid vehicles are dejected on the very mention of the possibility that the government at some point of time might restrict the launch of these vehicles in the market. 

The government of many developed nations have many a times made plans to prohibit the large-scale production of these vehicles and also to substitute the already on the run vehicles based on gasoline. However, in the recent times, the government of these countries has lent its support to the production and use of these vehicles. This decision is since the hybrid tax credit has shown its potential in saving the money. The tax creditor, as it is available straightforward from the money to be paid as tax, is greater to a tax deduction. The tax deduction is of the nature that it decreases the tax reliability on the rate of the tax to be paid. That is why the hybrid tax credit is of such great significance for the taxpaying person. A deduction simply reduces the tax liability based on the tax rate of the individual taxpayer to owe a hybrid vehicle. The fact could not be denied that the hybrid vehicle saves a great amount as it has superior gas mileage.

This type of tax credit can’t be applied for buying a second-hand vehicle. It is the responsibility of the manufacturers of the vehicles to provide the information about the credit amount to be put on it and this information is available to the buyers at the time of purchase of the vehicle that assists him to allege the credit. There are several conditions applied on the hybrid vehicles. Firstly, there was a time limit and this tax credit was made applicable for the vehicles available in the market within this limit. Secondly, it was mandatory to use the vehicle in USA only. Moreover, the credit started only after a model achieved the target of 60,000 sales. 

The Hybrid Tax Credit was included in the Energy Policy Act of 2005. Its introduction has proved that the government has finally understood the importance of the hybrid vehicles in market. It is now in the list of the government to reduce the use of gasoline dependent vehicles. The flip side of this tax credit is that this kind of tax credit is not always in the favor of the taxpayer, as he or she must make some sacrifice in order to serve the interest of the society.

What are Enrolled Tax Agents?

According to the IRS, an Enrolled Agent is a professional who is “recognized to practice before the IRS.” What this means is that an Enrolled Agent is a professional of whom the IRS is satisfied that he or she is trained to handle all tax related issues on behalf of taxpayers. 

An Enrolled Agent undergoes comprehensive training and testing in U.S. taxes. What are the qualifications of an enrolled tax agent? To qualify as an Enrolled Agent, one first needs to pass a professional exam on taxes. 

The Enrolled Agent test is in three parts. The test examines the candidates’ knowledge of various IRS procedures and rules, tax return forms, and the various deductions, credits, and entries. Former IRS agents and workers are provided various exemptions from this test. Upon passing the test, a candidate applies to the IRS to get an Enrolled Agent’s license. Before approving the application, the IRS performs a background check to confirm that the applicant does not have a felony charge and does not have issues of professional misconduct. The applicant also needs to be updated with their personal taxes. 

Once the IRS approves an applicant, the applicant is licensed to operate as an Enrolled Agents for 3 years. Within this time, the agent is also required to undertake a 72 hours continuous training to keep them up to date with all tax issues. Failure to meet these training requirements will have the agent lose his or her license after the 3 year term. The training and examination of Enrolled Tax Agents is much more comprehensive than that of “non professional” tax preparers. Tax preparers who are not attorneys, CPAs, or Enrolled Agents only undertake one exam on 1040 tax returns and are only required to have an annual continuous training of 15 hours to keep their licenses. What Can an Enrolled Tax Agent Handle? The training of Enrolled Agents enables them to provide various services including but not limited to the following:

Starting 2011, the IRS requires tax preparers to undergo testing, annual training and meet other requirements to keep their practicing license. However, for CPAs, attorneys, and Enrolled Agents, the IRS does not have such strict requirements, as it believes that these professionals are well trained to handle any tax issues. Most taxpayers know and understand the CPA (accountant) profession and attorneys. However, there are few taxpayers who understand the profession of Enrolled Agent. This article seeks to shed more light on these professionals.

    • Representation – An Enrolled Tax Agent can represent a tax preparer before the IRS on any tax issue. Since the agents are nationally registered, they can represent a taxpayer in any of the IRS offices throughout the country.

    • Preparation and Filing – Like any other tax preparer, the Enrolled Agents also provide tax preparation and tax filing services.

    • Advisory – Since these agents are well vast with knowledge regarding taxes, they are able to provide sound advice as far as taxes are concerned. However, depending of the advice being dealt, attorneys or accountants may be better positioned to provide such required advice.

    IRS Form 433-A Collection Information Statement for Wage Earners and Self-Employed Individuals

    IRS Form 433-A

    The IRS Form 433-A, “Collection Information Statement for Wage Earners and Self-Employed Individuals”, is a financial disclosure that all applicants for an Offer in Compromise are required to provide as part of an OIC application. 

    If you are like many taxpayers that are burdened with an insufferable amount of back tax debt, you have undoubtedly heard claims of “settling your tax debt for pennies on the dollar”. Like the proverbial, used car sales man, these claims are far-fetched as best. 

    This disclosure provides the IRS with an in-depth “fact” based snapshot of your financial position and ability to pay your back tax debt based on your income and wages, monthly expenses, business information, and assets, and ultimately forms the basis of whether your Offer in Compromise offer will be accepted or denied.

    The information provides an outcome what the IRS calls the Reasonable Collection Potential, which is used to determine if there is sufficient income to support a monthly payment with an Installment Agreement and what assets are available to be levied.

    Offer In Compromise Acceptance Rates

    It’s said that approximately 20 percent of taxpayers that apply for an Offer In Compromise are ultimately approved on the basis of the information submitted on the Form 433-A. Here in lies the key point, the determination on whether your back tax debt can be settled for less than the amount owed depends on the accurate and complete presentation of “facts” on the Form 433-A. 

    Tax Debt Attorneys

    Tax Relief

    Tax Debt Attorneys

    Tax Debt Relief

    Looking for tax debt attorneys, then you should try looking in the Internet. This is probably the best resource you can use as it gives you access to the largest collection of information available today.

    Be careful, however, as the Internet can become quite a maze if you do not know where to look. What you need is a guide or at least something to point you in the general direction where you should go. Here are some places in the Internet you can check out. 

    1) On-line encyclopedias– These sites are visited a lot on the Internet because of the various types of information that can be gotten from them. These on-line encyclopedias are often used by people in search of comprehensive information regarding a certain topic or subject. If you are looking for information on tax debt attorneys for research purposes, then you can go to one of the on-line encyclopedias available on the Internet today. These on-line encyclopedias often offer information regarding the various specializations of tax debt attorneys, the methods that they use to help people and how they can be found. This means that you can actually find out how a tax debt attorney can help you through an on-line encyclopedia.

    tax debt relief

    2) Listings– Many firms prefer to list their contact details in various websites in order to become accessible to more clients. Searching through these listings for tax debt attorneys can pretty much be equated to searching in the yellow pages. Sites like these offer the various contact details of tax debt attorneys under one heading. This can be very convenient especially if you are still trying to make up your mind on which tax debt attorney to hire. Listings can also be very helpful if you have very little idea of what type of tax debt attorney that you will need. This way, you will be able to scout out if a certain firm or tax debt attorney will be able to help you before committing to anything.

    3) Company sites– If you are interested in a specific firm or tax debt attorney but do not know how to contact them, you should try to find out if they have a website. Most companies today realize the fact that the Internet has become a very important medium in bringing information to people. Because of this, companies try to advertise on the Internet.

    4) Web directories– People more or less begin their searches using web directories. Using this type of website, a person looking for tax debt attorneys would be able to screen results quite quickly. This means that a person looking for tax debt attorneys will be able to eliminate the ones that he or she does not need and stick to the ones that can help him or her the most.

    Web directories are also very user friendly. This means that people using these sites to look for tax debt attorneys will have an easy time and not have to go through different processes such as clicking various buttons only to find out that they lead you to dead ends. This guide should at least help you get started on your search for tax debt attorneys. By following these tips, you should do just fine and you should be able to find the information you need in no time at all.