Reliable Tax Resolution Service

Tax Debt Relief & Resolution for Individual and Business Taxpayers

Tax debts can be substantial. Employers are supposed to calculate and withhold payroll tax as a matter of routine. People with their own businesses need to manage and pay their own taxes. The Internal Revenue Service (IRS) is the federal tax agency responsible for determining the total amount of federal tax debts for a year or a season. The California Franchise Tax Board (FTB) is responsible for determining state tax debts. Tax agencies may be willing to resolve unpaid tax debts through various programs for relief.

If you are not able to pay off your IRS tax debt in full, you may be able to take advantage of other options, such as an offer in compromise or an installment agreement. Offers in compromise are agreements between a taxpayer and the IRS that settle the taxpayer’s liability for less than the full sum owed. To qualify for an offer in compromise, a taxpayer needs to have filed all tax returns, paid all required estimated tax payments, and made all the federal tax deposits required. An IRS installment agreement may be negotiated if you owe a debt to the IRS and cannot afford a full payment plan. An installment agreement may be revoked if you fail to file your tax returns, miss a payment, or file the agreement under false pretenses.

Tax Audit Representation

We provide solutions for IRS, EDD, CDTFA, and FTB audits. An IRS audit is a review of your financial accounts and information for a particular year to determine whether your tax return has been reported accurately to the federal government. You should not panic if the IRS contacts you for an audit. Our Los Angeles tax representation services often can resolve this situation efficiently. Sometimes a tax return is selected as part of a compliance test program. In other cases, an audit is triggered by missing documents. The IRS has the power to audit you by mail, in your office or home, or in their offices. Generally, a correspondence audit (an audit by mail) is the least serious. IRS tax audits that occur in the office may require you to bring various documents to be examined for unreported income.

A first step after receiving a letter from the IRS notifying you of an audit is to consult an experienced professional to take a closer look at what the problem is and what they are asking you to do. Usually, there is a code that describes what the inquiry is. An audit can result in a change or no change in your tax liability. If it results in a change, you can appeal the decision, but if you cannot resolve the issue at the audit or on appeal, you will receive a notice of deficiency, in which case you have 90 days to petition the United States Tax Court for a redetermination of your tax liability.

If you miss this deadline, you can face a levy or lien, in addition to failure to pay penalties. Similarly, if you go through an FTB, CDTFA, or EDD audit, and a change is determined, you will receive a Notice of Proposed Assessment. You are entitled to dispute this action by filing a written protest by a certain date.

941 Payroll/Employment Resolution

Our Los Angeles tax representation services firm specialize in resolution of employment 941 payroll problems. All employers must withhold and match particular taxes from employees’ paychecks. Employers use Form 941 to report quarterly tax withholding amounts for estimated tax payments, along with FICA taxes and employer payments. The withholdings can include taxable Social Security wages, adjustments for tips, adjustments for sick pay, underpayments, overpayments, and withholding from Medicare wages. An employer’s delinquent payroll taxes can result in serious federal charges and substantial penalties. Delinquent employment taxes are given higher priority than delinquent income taxes by the federal government.

If you are an employer who owes delinquent payroll taxes, it is crucial to seek assistance from a tax professional. The Department of Justice may pursue both civil litigation and a criminal investigation in connection with delinquent employment taxes.

Unfiled Tax Returns

Failing to file federal and state tax returns by the applicable deadline can result in penalties. However, a financial or emotional hardship, such as divorce or the death of a spouse, may cause someone not to file his or her tax return in a timely fashion. It is important to file your tax returns as soon as you can, even if you are late, since otherwise you can lose your refund completely, you may not receive your earned income tax credit, you may fall outside the statute of limitations regarding credits and refunds, and you may face a failure to file penalty.

We can help you file your delinquent tax returns, obtain your income tax records such as W2’s, 1099’s etc., and settle your tax debts. If you truly are unable to pay your back taxes, you may be able to apply for IRS hardship status, which is what the IRS calls Currently Non-Collectable Status. An IRS hardship status can last for a maximum of 10 years. Your income is reviewed every two years, and if it increases, the IRS may remove you from IRS hardship status and require you to pay your back taxes.

Tax Levies & Liens Professional Help

It is important to consult our Los Angeles tax representation services if you receive a notice about a tax levy or lien. The IRS can use wage garnishments and wage levies to gather taxes that you owe. This means that it can go straight to your employer to ensure that a large some of your paycheck is withheld and sent to the IRS instead. It also can make a claim against real estate or your other property, which enables the IRS to sell your property and retain income, and the lien stays in effect until the debt is repaid. The IRS is also empowered to issue a tax levy to seize money in your bank accounts to pay off tax debts, or to seize personal property like a car or boat to satisfy the debt.

There are solutions to prevent or release a tax levy. You may be able to pay in full or formalize an installment plan with the IRS to pay over an extended period. You can file a timely tax appeal. We can negotiate to try to settle your tax debt through an offer in compromise or an installment agreement. If an IRS tax levy would cause severe financial challenges, it may be possible to make a case for financial hardship. In some cases, it is possible to establish that assets have no equity by producing bank statements and appraisal statements, which can allow you to get a levy released.

Tax Appeals

If the IRS or a state (FTB, EDD, CDTFA) or local tax authority makes a negative decision with which you disagree in connection with tax debt collection or a tax audit, you may be able to appeal the decision. The IRS Appeals Division is intended to provide an independent and unbiased review of your case following an audit, or back tax collection, so that litigation may be avoided. Once you file a tax appeal, your case will be set for a conference, and there will be an exploration of settlement. The Appeals Officer will try to determine the facts, applicable laws and arbitrate the matter, along with determining the likelihood that the IRS position on your case will not be upheld in court. When an appeal does not resolve a federal tax matter, the next step is to go to federal court with the assistance of our Los Angeles tax representation services.

Professional Tax Representation is a very powerful tool you should use to “even the odds” when you need to Resolve your IRS problem. As you may have experienced, IRS agents can be very intimidating, even bullying, when they are making demands on you, the taxpayer. They tend to be less forceful and more reasonable when they must address themselves to a Licensed Representative, such as an Enrolled Agent (EA) Certified Public Accountant (CPA) or a Tax Attorney/Lawyer.

We provide services in all 50 states including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

Call Mike Habib,EA directly to discuss your Tax Problems! From 8:00am to 8:00pm 7 days a week at 877-788-2937