Tax Resolution Services
Ricky, a licensed enrolled agent and an NTPI Fellow with NAEA, started his tax resolution firm after witnessing under-represented taxpayers experiencing financial loss and devastation. He focused most of his attention on helping taxpayers by negotiating with the IRS on their behalf. Ricky's passion for understanding the tax law made him a go-to for many taxpayers and tax professionals looking for expert advice about the tax code. The bottom line is he knows the tax code very well and is willing to use what he knows to help you save your hard-earned money! They call him "the tax fixer”.
Services we Provide
Payroll Tax Issues
Unfiled Tax Returns
Back Taxes
IRS Liens
IRS Levies
Property Seizures
Wage Garnishment
We are here for you!
Solutions we Provide
Payroll Tax Issues
If you owe thousands of dollars in payroll taxes and have not filed in years, let our staff reduce your tax burden! Most of the payroll tax debt problems we see that impact small business owners deal with the federal withholding taxes and relate to form 941.
Working with our firm is a wise choice if you're facing payroll tax issues. Our tax professionals understand the complexities of your situation and the perspective of the IRS. This enables our firm to approach their IRS with confidence on your behalf.
Unfiled Returns
Once you have missed filing a tax return, the Internal Revenue Service (IRS) adds penalties and interest to the amount it thinks you owe, in addition to starting collection activities against you. It is also common for the IRS to file a Substitute for Return (SFR) for all missing tax years.
However, the problem is the agency does so with its own best interests in mind, not yours. That means you are unlikely to get all of the credits and exemptions you are entitled to receive. The best way to avoid all of these problems with the IRS is to file all missing returns from previous years as soon as possible.
Back Taxes
There are several reasons you may find yourself owing back taxes to the IRS. Some of these reasons include:
- If you are self-employed, and you fail to make estimated quarterly income tax payments or pay too little
- Failing to file a tax return for any of the past several years
- Taking an exemption, you were not entitled to have or make a mathematical error on your tax return.
- If you are a small business owner, miscalculating your payroll tax deposits or failing to make timely payments
- However, the IRS does not consider valid reasons to fall behind in payment. It will typically notify you within 60 days of the April 15 filing deadline via a CP Letter stating that you owe back taxes.
Liens and Levies
When you owe money to the Internal Revenue Service (IRS), and you have made no effort to pay or have not paid the total amount on time, one of its first lines of defense to collect the money is to file a tax lien against you. A tax lien gives the government a secured interest in your personal property. That means it considers itself a secured creditor with priority over all other creditors.
Tax liens are often the gateway to more aggressive collection activities like tax levies, wage garnishments, and freezing your bank account. The worst thing you can do when you receive notice of a pending tax lien is to ignore it. Working with our firm demonstrates that you are serious about settling your debt to the best of your ability.
We will propose a repayment plan to the IRS based on what works best for you. For some people, that may be a monthly payment plan. For others, we may negotiate a settlement where you pay less than what you owe. The important thing is to rely on our expertise as former federal agents, so we can arrive at an offer you can live with long-term.
Property Seizures
If you neglect or refuse to pay a tax bill you owe to the Internal Revenue Service (IRS), it can seize and sell your property to satisfy the debt. The IRS can seize any property or money you have an interest in to satisfy your outstanding tax debt. The money or property does not have to be in your personal possession to be subject to a property seizure. You don’t have to face the IRS alone. Hiring our firm provides you with our agency’s unique experience.
Wage Garnishment
If you owe money to the Internal Revenue Service (IRS) that you have not attempted to pay, it can garnish part of each paycheck until you satisfy the debt. This is the most common form of debt collection used by the IRS. Unlike other creditors, the IRS does not have to obtain a judgment against you before deducting additional wages from your paycheck. However, it does need to send you an itemized list of the amount you owe. This may include back taxes, penalties, interest, or any combination of these. There is no need to fight your battle alone. Working with an agency shows the IRS you mean business.
Debt Settlement Help
When clients contact our firm, they generally owe thousands of dollars in back taxes and penalties to the Internal Revenue Service (IRS) and have no idea how to settle their debt. Like most people, you didn’t get into this situation voluntarily. Perhaps you went through a personal or professional crisis that made it impossible for you to pay your taxes on time. We understand your position, and we are here to help you. There’s no reason to face the IRS alone, we know how the system works and work to reach an agreement that will satisfy the government, but keep your best interest in mind.
Installment Agreement
This plan allows you to make equal monthly payments to the IRS until you have paid the balance of your tax debt. The IRS considers you a compliant taxpayer when making regular payments under this plan and halts all other collection efforts. Interest does continue to accrue until you repay the debt in full, so it’s best to pay it in as few payments as possible.
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Offer in Compromise
Because the IRS loses money with an Offer in Compromise, it typically only approves it after exhausting all other collection efforts. You must submit an application listing your income, assets, expenses, and tax liability. You cannot be in bankruptcy proceedings and must not have any current delinquent taxes. The IRS considers whether paying your tax debt in full will create any undue hardship when reviewing your application. If approved, you must submit an initial down payment and commit to paying the agreed-upon amount in the time allotted. If you fail to do so, the IRS will drop you from the program and institute even more aggressive collection efforts.
Request for Penalty Abatement
You can file for this type of tax relief if you feel that the IRS made an error, gave you bad advice, or you have other just cause for believing that you don’t owe a penalty. To qualify, you must meet specific criteria, including being penalty-free for three years, among other conditions. Although the IRS offers an online self-help tool for penalty appeal, your chances of success are greatly increased with an experienced Enrolled Agent on your side.
Let us work with You!
These are just some of the numerous possible solutions for settling your tax debt with the IRS. We welcome you to contact us for a personal evaluation of your situation. With former IRS agents on our staff, we have firsthand knowledge of how the system works and use that knowledge for your benefit to help you set up a plan of action.