Showing posts with label File all tax returns that are due. Show all posts
Showing posts with label File all tax returns that are due. Show all posts

Thursday, November 5, 2020

Owe $10,000 or more in IRS back taxes

Do you owe $10,000 or more in IRS back taxes you need a tax resolution expert on your side.

He would teach you quite a number of techniques on how to save on taxes, how to proceed with things and avoid undue tax obligations at the same time, and how to get out of tax messes which you might have gotten yourself into. 


Now this advisor won’t charge measly cents for their services, that’s a given. Theirs is a highly specialized field made more worthy by their skills. You pay for their knowledge, and their knowledge is (usually) comprehensive and even awe-inspiring at times.

But again, do you need a tax advisor? Will he say something new about your plight? How big of a help would he be? And how much would his services cost? These are perfectly valid questions you should ask yourself before accepting the necessity of hiring a tax advisor. 


* You don’t need a tax advisor if you’re expecting to deal with a projected income, where the tax burden is low and applicable reductions won’t even be noticeable.
* You don’t need a tax advisor if you’re interested with the subject yourself, and would like to learn a thing or two by reading up on some theories and applying them in the real world by practicing your own tax tips.



* You don’t need a tax advisor if you already know the ins and outs of taxation.
* You don’t need a tax advisor if you have been paying a relatively regular tax imposition for some years now, which should have given you the chance to know the ins and outs of this field. Knowing why you don’t need a tax advisor would hopefully also show you the reasons why you, indeed, may need their services some time in the future.


Thursday, October 22, 2020

Need tax help because you owe $10,000 or more.

Tax Help refers to professional help offered by tax experts to a common man regarding the preparation, filing and subsequent payment of taxes. For any business person, taxation is a big issue he/she will come across annually, which requires filing of all his/her tax returns for the financial year. 





Mind you, any discrepancies accidental or voluntary can result in serious implications with penalties ranging from hefty fines to imprisonment. One simply cannot take a risk when it comes to filing one’s return, and given the fact not many are experts in the intricacies of taxation related issues, it is only prudent to seek the help of a tax professional or in layman terms, seek tax help. True, if the income you have is within certain limits, calculating and filing the returns may not be a difficult task. But the complexity of tax calculations increases as the income you earn also increases. 







For instance, businessmen earning millions of dollars from trading have a real task at hand when it comes to computing out the taxes due. The various taxation rates that take effect for bigger sums, coupled with the different rules of taxation for higher incomes, make the task even more complex. In such cases, it is better to seek tax help and outsource the work of filing the returns to experienced tax professionals or chartered accountants. 






Tax help can be obtained from various finance professionals in your town who exclusively deal with tax related issues. You can meet them in their office or after setting an appointment over the phone. Tax help is also available through the Internet. Through such nonlinear tax help sites mostly managed by professional financial firms associated with taxation and other finance issues one could get their taxes completed by sitting at home or with fewer meetings with the tax help guy. With some well established tax help websites, it is even possible to make the payment on-line. 

TAX RESOLUTION PROCESS

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.


IRS Tax Lien Help


Hiring a Tax Resolution Lawyer shows the IRS or State government you’re serious about resolving your tax debt.



Hiring a professional sends an indirect message to the IRS or state. It tells taxation authorities you are serious about resolving your tax debt.



Has the IRS or State place a tax lien on you credit report? Did you receive a Notice of Federal Tax Lien (NTFL)? Then, it is time to get help as procrastination will not fix your tax problems. A tax lien can have a devastating effect on your credit score and financial well being. Tax Professionals Help You Stay Compliant If you want help with a federal or state tax lien, start with a free consultation using the form above. We can begin the process to help you resolve your tax debt as quickly and painlessly as possible. Dealing with a federal or state tax lien can be extremely complicated if you have never handled one before. All of our partnered tax professionals are experienced with tax liens and have resolved them successfully for numerous clients. If you set up a payment plan or an offer in compromise with the IRS, you have to stay compliant with tax filing obligations for the next few years. Failing to pay or file can negate your arrangement. When you work with a tax professional, they can help you deal with your tax debt, but they can also help you prepare future returns and stay up to date with payment requirements in the future.




  • Tax Lien Relief Services Offered
  • Withdrawing IRS tax liens
  • Releasing IRS and state tax liens
  • Discharging an IRS or state Tax lien from a specific piece of property
  • Subordinating a state or IRS tax lien
  • Appealing a withdrawal, release, discharge or subordination denial
  • How the Complimentary Tax Lien Consultation Works


Why You Should File Your Past Due Return Now

File all tax returns that are due, regardless of whether or not you can pay in full. Call 855-913-0249 right now for free tax consultation.



File your past due return the same way and to the same location where you would file an on-time return. If you fail to file, we may file a substitute return for you. Call 855-913-0249 right now for free tax consultation.


This return might not give you credit for deductions and exemptions you may be entitled to receive. We will send you a Notice of Deficiency CP3219N (90-day letter) proposing a tax assessment. You will have 90 days to file your past due tax return or file a petition in Tax Court. If you do neither, we will proceed with our proposed assessment. If the IRS files a substitute return, it is still in your best interest to file your own tax return to take advantage of any exemptions, credits and deductions you are entitled to receive. 

Avoid interest and penalties File your past due return and pay now to limit interest charges and late payment penalties. Call 855-913-0249 right now for free tax consultation.

Claim a Refund You risk losing your refund if you don't file your return. If you are due a refund for withholding or estimated taxes, you must file your return to claim it within 3 years of the return due date. The same rule applies to a right to claim tax credits such as the Earned Income Credit. We hold income tax refunds in cases where our records show that one or more income tax returns are past due. 




We hold them until we get the past due return or receive an acceptable reason for not filing a past due return. Protect Social Security Benefits If you are self-employed and do not file your federal income tax return, any self-employment income you earned will not be reported to the Social Security Administration and you will not receive credits toward Social Security retirement or disability benefits.





IRS Debt Relief

Can You Really Get IRS Debt Relief



Ask Yourself What will it feel like to no longer be in fear of the IRS because I owe them money? 


  • What will my life be like when I can sleep in peace and not wake up thinking about my IRS tax debt problems



  • Why should I let the IRS 'bully' or 'blackmail' me into a bad settlement or payment plan when help is available?

    Why shouldn't I take advantage of available tax relief programs when so many others do? 

  • How much more interest and penalties do I want to let accrue before I do something to put an end to this tax problem?

How, could we afford to offer you financing to help get you IRS tax debt relief if it wasn't really possible? Could we afford to start with no money down? Of course not! There's no way we'd ever get paid if we couldn't deliver. On the other hand, the success we've had, the RELIEF we've helped our clients get from IRS debt turns them into grateful clients, more than happy to pay us for what we've done for them! Our team has decades of experience dealing with difficult IRS and state tax issues. From the owners, consultants and attorney's we have resolved tax debt problems of over a quarter of a billion dollars!

We've helped very prestigious clients and down to earth common folk that ran into problems. We wish we could give you a list with the full names of our satisfied clients but in the tax relief business that just doesn't happen. Virtually nobody is willing to make their tax problems known.

If you call and talk to me though I think you'll be able to see we're honest. In reality we are one of the most reputable firms in the industry. Many of the real big ones out there have D and F ratings with the Better Business Bureau (go ahead and check) while we have an A rating.

Out tax relief team is made up of CPA's, attorney's and every type of tax professional that can handle any type of problem requiring IRS tax relief. On a daily basis, we handle the most difficult cases of tax debt problems, ones that the majority of CPAs, accountants and tax preparers don't even want to touch.If I could tell you just one thing it'd be: Don't ignore the IRS. Don't do it. There are 3 good reasons why I say that.

Tax Relief Lawyer

​Do You Really Need A  tax lawyer?

Taxes can be quite a complicated matter. It involves numbers, and not everyone likes numbers. It involves ideologies, and every person possesses a divergent belief. It demands utmost diligence, and not everyone can spare such patience. But are these enough to make you decide on procuring the services of a tax advisory?



A tax adviser is basically a consultant. He would teach you quite several techniques on how to save on taxes, how to proceed with things and avoid undue tax obligations at the same time, and how to get out of tax messes which you might have gotten yourself into. Now this adviser won’t charge measly cents for their services, that’s a given. 






Theirs is a highly specialized field made worthier by their skills. You pay for their knowledge, and their knowledge is (usually) comprehensive and even awe-inspiring at times. But again, do you need a tax advisory? Will he say something new about your plight? How big of a help would he be? And how much would his services cost? 





These are perfectly valid questions you should ask yourself before accepting the necessity of hiring a tax adviser. In this article, we will discuss instead why you don’t need a tax adviser. Hopefully, you’d remember that there are always two sides to a coin, and though we will be presenting one side in this piece, the other should likewise be apparent as it is just the opposite of the things we will mention here. Ready? * You don’t need a tax adviser if you’re expecting to deal with a projected income, where the tax burden is low and applicable reductions won’t even be noticeable.


* You don’t need a tax adviser if you’re interested with the subject yourself and would like to learn a thing or two by reading up on some theories and applying them in the real world by practicing your own tax tips. 


* You don’t need a tax adviser if you already know the ins and outs of taxation. You don’t need a tax adviser if you have been paying a relatively regular tax imposition for some years now, which should have given you the chance to know the ins and outs of this field.


File Past Due Tax Returns

Why You Should File Your Past Due Tax Return Now? 




File tax returns that are due, regardless of whether or not you can pay in full. 

File your past due tax return before the IRS files a substitute tax return for you.

This return might not give you credit for deductions and exemptions you may be entitled to receive. We will send you a Notice of Deficiency CP3219N (90-day letter) proposing a tax assessment. You will have 90 days to file your past due tax return or file a petition in Tax Court. If you do neither, we will proceed with our proposed assessment. If the IRS files a substitute return, it is still in your best interest to file your own tax return to take advantage of any exemptions, credits and deductions you are entitled to receive. 
Avoid interest and penalties File your past due return and pay now to limit interest charges and late payment penalties. Claim a Refund You risk losing your refund if you don't file your return. If you are due a refund for withholding or estimated taxes, you must file your return to claim it within 3 years of the return due date. 





The same rule applies to a right to claim tax credits such as the Earned Income Credit. We hold income tax refunds in cases where our records show that one or more income tax returns are past due. We hold them until we get the past due return or receive an acceptable reason for not filing a past due return. 


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.