Monday, September 25, 2017

IF YOU CAN’T AFFORD TO PAY YOUR IRS TAX DEBT – WHAT YOU SHOULD DO!

WHAT SHOULD I DO?

If you can’t pay the taxes you owe, the IRS has payment options available. Which option might work for you generally depends on how much you owe and your current financial situation. Each option has different requirements and some have fees.

ADVANCE TAX RELIEF LLC – Serving All 50 States
www.advancetaxrelief.com
Call (713)300-3965 - Free Consultation
BBB A+ RATED
**Over 10 Million in Tax Debt and Penalties Forgiven for our clients

THE MOST IMPORTANT THING: TAKE ACTION
Most options for paying off a tax debt work best if you are proactive. By taking action as soon as possible, you’ll help ease the burden and keep the IRS from acting to collect the debt. This page will offer some general information and direct you to details.



If you need to file a tax return, you should. You’ll still owe the taxes, whether or not you file.

You should file your return on time, with or without a payment — the IRS can charge penalties for filing late. The IRS also charges daily interest on unpaid tax bills, so the longer you wait, the more interest you will owe.

Note: If you own a business and are still "in business,” the rules for obtaining a payment arrangement are slightly different, particularly if you have employees and owe employment-related taxes. If this is your situation, you’ll need to work directly with the IRS to determine an acceptable arrangement.

FIRST – FIGURE OUT HOW MUCH YOU THINK YOU CAN PAY

You need to consider your entire financial situation. Make a list of your assets and income, and consider other debts you might owe to figure out how much you can pay toward your tax debt.

Before you enter into any kind of payment agreement, be sure you can pay that amount every month, on time.

Note: If you have another way of getting money, like borrowing from a bank or an individual, it’s worth considering. The interest rate and fees charged by a bank or credit card company are usually lower than the combination of interest and penalties imposed by the tax code.

SECOND – CHOOSE THE PAYMENT OR SETTLEMENT OPTION THAT FITS YOUR SITUATION

If you can pay the full amount now

You can pay with an electronic funds transfer or with a credit or debit card, or with a check by mailing it to the address listed on your bill or bringing it to your local IRS office.

You won’t be able to pay off the full debt

An Offer in Compromise allows you to pay less than the full amount you owe.
For the IRS to consider an Offer in Compromise, you must submit an application, and must generally pay certain fees and a portion of the debt. You must then file tax returns and make payments on time for five years after the IRS accepts your offer.

If you can’t make any sort of payment now

The IRS understands there may be times when someone can’t pay a tax debt due to their current financial situation. If the IRS agrees that you can’t pay your taxes and also pay your reasonable living expenses, it may place your account in a status called Currently Not Collectible. The IRS will not seek to collect payment from you while your account is in Currently Not Collectible status, but the debt does not go away, and penalties and interest will continue to grow.

Help Filing Your Past Due Return

If all of this seems too overwhelming, then hire a team of professionals to take care of this responsibility for you. Call Advance Tax Relief for a free consultation at 800-790-8574.

We are tax relief experts specializing in IRS back tax help, Installment Agreements, tax lien help, wage garnishment release, IRS Offer in Compromises, tax debt forgiveness and a whole lot more. Get a free consultation from an experienced tax relief expert today (800)790-8574

Some Recent Tax Settlements:
Mr. Dillard - CA Owed $6884, IRS settled for $400
Mr. Batiste - LA Owed $18513, IRS settled for $2972
Mr. Johnson - CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez - TX Owed $28,816, IRS settled for $1700
Mr. Anthony - NY Owed $14,000, IRS settled for $900
Mr. Wilkes - CA Owed 32,211, IRS settled for $1250

Owe the IRS and need help? Call us to discuss your unique situation with Top Tax Attorney or IRS Enrolled Agent (800)790-8574 or visitwww.advancetaxrelief.com

Connect with us:

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REASONS YOU SHOULD FILE YOUR PAST DUE TAX RETURNS NOW

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.

ADVANCE TAX RELIEF LLC – Serving All 50 States
www.advancetaxrelief.com
Call (713)300-3965 - Free Consultation
BBB A+ RATED
**Over 10 Million in Tax Debt and Penalties Forgiven for our clients

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.

AVOID ISSUES OBTAINING LOAN

Loan approvals may be delayed if you don't file your return. Copies of filed tax returns must be submitted to financial institutions, mortgage lenders/brokers, etc., whenever you want to buy or refinance a home, get a loan for a business, or apply for federal aid for higher education.

 IF YOU OWE MORE THAN YOU CAN PAY

If you cannot pay what you owe, contact us (713)300-3965 to see if you may qualify for a tax hardship or tax forgiveness through the IRS FRESH START INITIATIVE. Other options are also available.

WHAT IF YOU DON'T FILE VOLUNTARILY

Substitute Return
If you fail to file, the IRS may file a substitute return for you. This return might not give you credit for deductions and exemptions you may be entitled to receive thus making your tax balance higher.

The IRS 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, the IRS will proceed with a proposed assessment. If you have received notice CP3219N you cannot request an extension to file.

If any of the income listed is incorrect, you may do the following:
Contact us at 1-866-681-4271 to let us know. Contact the payer (source) of the income to request a corrected Form W-2 or 1099.

Attach the corrected forms when you send us your completed tax returns.
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. The IRS will generally adjust your account to reflect the correct figures.

Collection and Enforcement Actions
The return we prepare for you (our proposed assessment) will lead to a tax bill, which, if unpaid, will trigger the collection process. This can include such actions as a levy on your wages or bank account or the filing of a notice of federal tax lien.

If you repeatedly do not file, you could be subject to additional enforcement measures, such as additional penalties and/or criminal prosecution.

Help Filing Your Past Due Return
If all of this seems too overwhelming, then hire a team of professionals to take care of this responsibility for you. Call Advance Tax Relief for a free consultation at 800-790-8574.

We are tax relief experts specializing in IRS back tax help, Installment Agreements, tax lien help, wage garnishment release, IRS Offer in Compromises, tax debt forgiveness and a whole lot more. Get a free consultation from an experienced tax relief expert today (800)790-8574

Some Recent Tax Settlements:
Mr. Dillard - CA Owed $6884, IRS settled for $400
Mr. Batiste - LA Owed $18513, IRS settled for $2972
Mr. Johnson - CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez - TX Owed $28,816, IRS settled for $1700
Mr. Anthony - NY Owed $14,000, IRS settled for $900
Mr. Wilkes - CA Owed 32,211, IRS settled for $1250

Owe the IRS and need help? Call us to discuss your unique situation with Top Tax Attorney or IRS Enrolled Agent (800)790-8574 or visitwww.advancetaxrelief.com

Connect with us:

BBB PAGE:
https://www.bbb.org/houston/business-reviews/taxes-consultants-and-representatives/advance-tax-relief-llc-in-houston-tx-90024857/reviews-and-complaints

GOOGLE PAGE:
https://plus.google.com/+ADVANCETAXRELIEFLLCHouston

YELP:
https://www.yelp.com/biz/advance-tax-relief-houston

TWITTER:
https://twitter.com/irstaxpro?lang=en

FACEBOOK:
https://www.facebook.com/advancetaxrelief/

#IrsHelp
#BackTaxes
#OweTaxes
#TaxRelief
#TaxAttorneysNearMe
#IRSFreshStartInitiative
#IOweMoneytotheIRS
#banklevy.
#TaxesOwed
#FederalTaxLien
#TaxAttorney
#TaxResolutionServicesCompany
#TaxPreparation
#IRSWageGarnishments
#FileBankruptcy
#IncomeTaxDebts
#InnocentSpouseRelief
#IRSdebtrelief
#SettleYourIRSTaxDebt
#CreditCardDebtSettlement
#houstontaxrelief
#houstontaxattorneys

Thursday, September 21, 2017

OUR ATTORNEYS CAN STOP YOUR IRS WAGE GARNISHMENT

Call us today and we can STOP the Wage Levy Garnishment and settle your case all at the same time for affordable pricing.

ADVANCE TAX RELIEF LLC – Serving All 50 States
www.advancetaxrelief.com
Call (713)300-3965 - Free Consultation
BBB A+ RATED
**Over 10 Million in Tax Debt and Penalties Forgiven for our clients

We have over 35 years of direct IRS work expereience in the local, district and regional tax offices of IRS. We were managers and teaching instructors and know the system.



When you call our firm you will speak to a real tax professional and not a sales person. We do exactly what we say!

FACT : The Internal Revenue Service sends out approximately 1,900,000 bank levies and wage garnishment’s each and every year.

IRS Levies 1.9 million taxpayers each and every year!!!

IRS only sends out tax levies after a series of 5 letters are sent to the taxpayer.These are sent about 5 weeks apart.

1. CP 14 – This is the notice of balance due.

2.CP 501 – This is a Bill that you still owe tax.

3. CP503 – Important, Immediate Action Required.

4. CP 504 Urgent Notice – We Intend to Levy on Certain Assets, Please Respond Now.

5. CP90/CP297/ IRS Letter 1058 – Final Notice of Intent to Levy &Notice of Your Right to a Hearing.

6.CP 91 CP298 -Final Notice Before Levy on your Social Security Benefits

If this happened to you we have a quick and affordable process to get you an immediate IRS wage garnishment release.

As Former IRS agents, Managers, Tax Attorneys, Enrolled Agents we know the fastest and most affordable way to get your IRS Wage Garnishment Stopped and released.
The IRS collection process allows for the IRS to levy wages for uncollected back taxes. These IRS Wage garnishments will not go away until you take the proper steps to take care of this situation.

Your employer must comply with the federal rules for the IRS Wage Levy or your employer will have sanctions imposed on them by Internal Revenue Service.

It is possible within days to get this Federal Wage Levy or garnishment removed and released and your case closed.


STEPS:
1. Immediately contact your payroll department and let them know you have hired a professional company to take care of this IRS problem;


2. Make sure all your back IRS tax returns have been filed with the IRS, (we can help with this);


3. Advance Tax Relief will contact the IRS with a power of attorney so you NEVER have to speak with the IRS on these back tax issues again if you don’t want to..

4. Provide information necessary to prepare your release, with supporting documentation (we will help you with this).


5. We package the documentation, send it to the IRS, and immediately request that they release the wage levy or wage garnishment and close your case.

Don’t hesitate, each day you wait the IRS is taking more money from you and your family. Call Advance Tax Relief today and we will work for you to STOP the IRS Wage Garnishment Levy.

The Process to immediately Stop a IRS Wage Garnishment

To immediately stop the IRS wage garnishment this information needs to be faxed or sent to the Internal Revenue Service as soon as possible. As soon as the IRS agent can review your case and your current financial statement, they can make a determine on how they will settle your case.

Also you should be aware that the Internal Revenue Service will make sure that all prior years tax returns are filed and appear on the IRS computer system.

IN SOME OTHER CASES IF YOU QUALIFY:

We can usually get an IRS wage garnishment release to stop your IRS levy garnishment within 24 hours if you qualify for a hardship.

IRS Rules concerning Wage Garnishments
An individual’s wages, salary, and other income can be levied.
IRS Wages, salary, and other income include payment for personal services in a work relationship.


CAN YOU BE FIRED? IF AN EMPLOYER THREATEN TO FIRE TAXPAYERS BECAUSE OF A LEVY?

Sometimes an employer threatens to fire an employee to avoid handling a levy.


This might be a violation of 15 USC 1674.

If the employer fires the taxpayer because of this, the employer might be fined not more than $1000 or imprisoned for not more than one year, or both.

You should refer the taxpayer to the Wage and Hour Division of the Department of Labor (DOL). DOL, not IRS, must decide if the employer violated the law.

Did you know the IRS Wage Garnishment has a Continuous Effect of Levy on Salary and Wages?

Unlike other IRS tax levies, a levy on a taxpayer’s wages and salary has a continuous effect. It attaches to future payments, until the levy is released.

Wages and salary include fees, bonuses, commissions, and similar items. All other levies only attach to property and rights to property that exist when the levy is served.

Examples:

If a bank account is levied, it only reaches money in the account when the levy is served. It does not reach money deposited later.

When other income is levied, the levy reaches payment the taxpayer has a fixed and determinable right to. If the taxpayer’s right to that payment is not dependent upon the performance of future services, then the levy will reach the future payments as well.

Retirement Income.

A Form 668-A is issued to levy an author’s royalties. The author has a fixed and determinable right to royalties for books that have already been published. The levy reaches royalties for sales of those books in the future.


The levy does not reach royalties for books that are written and published later. A new levy must be served to take those royalties.

Another Example:

A Form 668-W is issued to levy a taxpayer’s retirement income. The taxpayer has a fixed right to the future payments; therefore, the levy remains in effect until it is released.

Exempt Amounts from the IRS Wage Garnishment

Part of the individual taxpayer’s wages, salary, (including fees, bonuses, commissions and similar items) and other income, as well as retirement and benefit income, is exempt from levy.

The weekly exempt amount is:

The total of the taxpayer’s standard deduction and the amount deductible for exemptions on an income tax return for the year the levy is served.

Then, this total is divided by 52.

Income that is not paid weekly is prorated, so the same amount is exempt.
In addition, the amount the taxpayer needs to pay court ordered child support is exempt.
Please take Note:

The support order can originate from a court or administrative process under the laws and procedures of a state, territory or possession.

If support is allowed, the same child can not be claimed as an exemption for figuring the exempt amount. See IRM 5.11.5.4 (2)a above.

In most cases, IRS will not remove any Wage Levy until all tax returns are filed.

If you do not have your records we can secure all your information from the IRS to prepare all back years. Advance Tax Relief can make this happen within days.

IRS allows you some money during the garnishment phase.
Even though IRS has sent a wage garnishment or Wage Levy to your employer, there are certain allowances that the IRS will give to you.

A chart will be sent to your employer that they use to determine how much you are allowed to keep from your paycheck. The amount allowed is for your basic food monies only. A single taxpayer with one exemption was allowed $179.81 per week in 2009, IRS will take the rest.


WHY DID THE IRS PLACE A WAGE LEVY ON ME?

The IRS has sent a Wage Levy or wage garnishment out because the taxpayer did not respond to correspondence from the IRS. The IRS always makes several attempts to contact a taxpayer that owes tax, they have to by law.

Some taxpayers may not receive this information because they have moved or did not actually receive the mailing sent out by IRS. It makes no difference. Once an IRS Notice of Levy is sent they will not be removed until contact has been made with the Internal Revenue Service. ADVANCE TAX RELIEF LLC can handle the IRS for you.

HIRE HELP TODAY!

If all of this seems too overwhelming, then hire a team of professionals to take care of this responsibility for you. Call Advance Tax Relief for a free consultation at 800-790-8574.

We are tax relief experts specializing in IRS back tax help, Installment Agreements, tax lien help, wage garnishment release, IRS Offer in Compromises, tax debt forgiveness and a whole lot more. Get a free consultation from an experienced tax relief expert today (800)790-8574

Some Recent Tax Settlements:
Mr. Dillard - CA Owed $6884, IRS settled for $400
Mr. Batiste - LA Owed $18513, IRS settled for $2972
Mr. Johnson - CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez - TX Owed $28,816, IRS settled for $1700
Mr. Anthony - NY Owed $14,000, IRS settled for $900
Mr. Wilkes - CA Owed 32,211, IRS settled for $1250

Owe the IRS and need help? Call us to discuss your unique situation with Top Tax Attorney or IRS Enrolled Agent (800)790-8574 or visit www.advancetaxrelief.com

Connect with us:

BBB PAGE:
https://www.bbb.org/houston/business-reviews/taxes-consultants-and-representatives/advance-tax-relief-llc-in-houston-tx-90024857/reviews-and-complaints

GOOGLE PAGE:
https://plus.google.com/+ADVANCETAXRELIEFLLCHouston

YELP:
https://www.yelp.com/biz/advance-tax-relief-houston

TWITTER:
https://twitter.com/irstaxpro?lang=en

FACEBOOK:
https://www.facebook.com/advancetaxrelief/

#IrsHelp
#BackTaxes
#OweTaxes
#TaxRelief
#TaxAttorneysNearMe
#IRSFreshStartInitiative
#IOweMoneytotheIRS
#banklevy.
#TaxesOwed
#FederalTaxLien
#TaxAttorney
#TaxResolutionServicesCompany
#TaxPreparation
#IRSWageGarnishments
#FileBankruptcy
#IncomeTaxDebts
#InnocentSpouseRelief
#IRSdebtrelief
#SettleYourIRSTaxDebt
#CreditCardDebtSettlement
#houstontaxrelief
#houstontaxattorneys

Friday, September 8, 2017

I HAVE NOT FILED MY TAXES, BUT SHOULD HAVE TAX REFUNDS WITH THE IRS, I'M I IN TROUBLE ?

I have not filed my taxes with the IRS, but should have refunds. Am I in trouble?
What if you have not filed your taxes in years, but have paid taxes to the IRS all the while? In other words, you have un-filed taxes, but probably do not owe the IRS much of anything because your employer took taxes out of your paycheck. How much trouble could you be in with the IRS?
ADVANCE TAX RELIEF LLC – Serving All 50 States
www.advancetaxrelief.com
Call (713)300-3965 - Free Consultation
BBB A+ RATED
**Over 10 Million in Tax Debt and Penalties Forgiven for our clients
Here is some so-so news that can be turned into good news:
The IRS may owe you money on those unfiled returns, and they can pay it to you if you get the returns filed. And you want that money. But for the IRS to pay it to you, you need to get those returns filed. The IRS won’t pay you unless you file. Filing the returns with refunds leads to good news. If the IRS owes you, and you have not filed, they will pay you the refunds for the last three years. And they will pay you interest on those refunds. Unfortunately, the Internal Revenue Code prevents the IRS from paying you a refund that is more than three years old.





You may have received a bill from the IRS stating that you owe money to them for the years you did not file. This may be wrong, but the IRS can do this – estimate your liability when you don’t file, and bill you for it. The technical IRS term for it is a Substitute for Return, with the acronym SFR. When you don’t file, and the IRS files for you, they often get it all wrong. The IRS will not give you the correct filing status, the right tax rates, will usually allow no dependents, and will not give you a deduction for mortgage interest, or charitable contributions, or employee business expenses, or your business expenses if you are self-employed.
An IRS substitute return can be corrected by preparing the original returns and filing them with the IRS. In most every case, the IRS will accept the right numbers – yours – and allow you all the deductions you are entitled to. The result is the IRS changing your return from a balance due to a refund, or in the very least, to a smaller, correct amount owed.
In summary, if left to their own devices, the IRS may determine that you are owed money, and never pay it to you if you do not file your returns. Or they may incorrectly think that you owe them money, make a substitute return filing, and bill you for it. Preparing and filing past due tax returns can not only get you the refunds, but correct erroneous IRS actions in estimating your taxes.
HIRE HELP TODAY!
If all of this seems too overwhelming, then hire a team of professionals to take care of this responsibility for you. Call Advance Tax Relief for a free consultation at 800-790-8574.
We are tax relief experts specializing in IRS back tax help, Installment Agreements, tax lien help, wage garnishment release, IRS Offer in Compromises, tax debt forgiveness and a whole lot more. Get a free consultation from an experienced tax relief expert today (800)790-8574
Some Recent Tax Settlements:
Mr. Dillard - CA Owed $6884, IRS settled for $400
Mr. Batiste - LA Owed $18513, IRS settled for $2972
Mr. Johnson - CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez - TX Owed $28,816, IRS settled for $1700
Mr. Anthony - NY Owed $14,000, IRS settled for $900
Mr. Wilkes - CA Owed 32,211, IRS settled for $1250
Owe the IRS and need help? Call us to discuss your unique situation with Top Tax Attorney or IRS Enrolled Agent (800)790-8574 or visitwww.advancetaxrelief.com
Connect with us: