Tuesday, October 17, 2017

ARE YOU GOING THROUGH AN IRS TAX AUDIT? KNOW YOUR RIGHTS OR SUFFER THE CONSEQUENCES

Audits. No one said that they would be fun. Let’s be honest, when you’re dealing with money owed—especially funds that you have to account for from the past seven years, did you expect it to be?

There are taxpayers who have issues managing their checks and balances on a monthly basis, so trying to account for every penny that you spent and every cent you earned might make a grown man cry—and it has!

IRS AUDITS ARE NO JOKE!

Audits aren’t anything to play with or cut corners on. It’s something that can take a considerable amount of time—years even, to collect. It’s more than a task; it’s a project, a project that the quality of your life depends on.





That said, tax audits shouldn’t be taken personally. Of course anything dealing with your finances may feel kind of personal, but what you must remember is that Internal Revenue Service (IRS) audits can sometimes be random.

On the other hand, you may have caused attention to yourself through an error made on your annual filing, if you’re claiming too many credits, your dependents are questionable, or if your charitable contributions are… too charitable according to your net income.

Whatever the reason is for getting audited, it is your duty as a United States citizen to know your rights.

GOT AUDITED? WHAT YOU SHOULD KNOW!!

First of all, you have a right to contest the claim. Mistakes can be made. Even if you know you have a debt with the IRS and you receive an audit letter, make sure that the claim is legit and correct.

There are many tax scams circulating and we here Advance Tax Relief don’t want you to be a victim. We’ve been in business for over three decades and have seen our share of clients who are trying to repair their debt due to a tax scam.

So it’s important to verify with an official IRS representative that the audit letter you received is real.

Next, make sure that the amount they claim you owe is correct.

Third, just because you owe a tax debt doesn’t mean you get treated poorly.

The IRS makes it their business to make sure that every taxpayer, whether they owe or pay is treated with courtesy and respect. The information you disclose to the IRS will be private. You won’t have to worry about anything getting leaked out onto the Internet either.

Finally, if for some reason you believe that the IRS is incorrect about what you owe them, then you also have the right to appeal. Find out how to request an appeal through the official IRS website.

NEED IRS HELP?

If all this is too overwhelming for you, then let the professionals at Advance Tax Relief handle your audit for you. We have an open door policy that allows our clients to reach us any time of the day, 24/7.

With Advance Tax Relief, you will never find yourself on the phone speaking to a computer. Try us and see at 800-790-8574. You can even use our online contact form!

CIRCUMSTANCES WHERE A TAX DEBT CAN BE FORGIVEN - ADVICE FROM LOCAL TOP TAX ATTORNEYS

Contrary to popular belief, the Internal Revenue Service (IRS) isn’t a money-hoarding monster. They will not take your hard-earned income and leave you homeless. With the IRS, you will have every opportunity to pay your tax debt off.

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
(800)790-8574
BBB A+ RATED
***Over 10 million in back tax debt settled for our clients.

First, you will receive multiple notifications informing you about the amount you owe. At that point, it’s up to you to take action. You can either take care of your tax debt responsibilities or ignore them.




The professionals at Advance Tax Relief, a tax relief firm based in Houston, Texas with a branch offices in Los Angeles, CA does not recommend you ignore anything that comes from the IRS. The IRS certainly won’t ignore you!

For some taxpayers, the amount owed can be easily taken care of. However, for others, the amount owed may be substantially large—so much that this might intimidate taxpayers into not dealing with the situation at all.

Don’t do that. That’s how trouble gets started and this is where all those scary stories about the IRS could come true for you.

THE REAL TRUTH ON HOW THE IRS CONDUCTS

The real truth is that you can control how the IRS conducts business with you. All you have to do is acknowledge the claim. Confirm it and then try to work out some type of arrangement where you can appease the IRS while not breaking the bank. Do this, and you may discover that there’s a chance that your entire tax debt may be forgiven!

CAN YOUR IRS TAX DEBT BE FORGIVEN?

In order to determine whether or not your tax debt can be forgiven, it’s recommended to consult a tax relief consultant to help you better communicate with the IRS regarding such matters. You are more than welcomed to do it yourself; however, you may find yourself in a situation where you may be in over your head in regards to dealing with all of the red tape that’s involved with resolving your tax debt.

HAVE YOU EXPERIENCED A DECREASE IN INCOME?

There are many reasons why your household income may decrease. If you have experienced any of the following, you may be able to present a case to the IRS about why they should consider forgiving your tax debt:

Loss of job
401K drops in value
Your business closes
Your employer goes out of business
You are on the brink of hardship

Many of the things on this list may be related, but when it comes to trying to get your tax debt wiped out, the IRS looks very closely into an individual’s situation and circumstances. Every case is handled differently.

There is no cookie-cutter way to resolve tax matters. If it were, then everyone would do it. That’s why Advance Tax Relief is here to help alleviate any tax issues anyone might have with the IRS—big or small.

We have been in the business of resolving tax matters through the Fresh Start Initiative or an Offer in Compromise. To learn more about these services, contact our office near the Houston or Los Angeles area today at or call us direct at 800-790-8574.

Monday, October 16, 2017

WHAT HAPPENS TO YOUR IRS TAX LIABILITY WHEN YOU FILE FOR BANKRUPTCY? TOP TAX ATTORNEYS

Many taxpayers are under the assumption that if they file for bankruptcy, this will clear them of every single debt they owe.

That’s not exactly true.



Now when you file for bankruptcy, it does temporarily stop the Internal Revenue Service (IRS) from collecting any tax debts. How long they stay away actually depends on what type of tax debt you have and which chapter of bankruptcy you’re filing for. All of this will have a direct affect on how your tax debt situation is handled.

No One Said Bankruptcy Would Be Easy

When it comes to tax matters, there’s really no easy way of explaining how things will work because each case is dealt with on an individual basis according to the taxpayer’s financial situation. That’s why it’s recommended to get some professional assistance in these matters because, let’s be honest, if you knew how the tax debt system actually worked, chances are you wouldn’t be in the situation you’re currently in. On the other hand, there are some professionals who may know exactly how everything works and still find themselves in a mess of debt due to sheer neglect.

LET OUR EXPERIENCE AND EXPERTISE WORK FOR YOU!

Advance Tax Relief, a tax relief firm with two offices in Houston, Texas and Los Angeles, California, has been in the business of helping people out of the tax debt for over 25 years. Throughout this time, we have come across a wide range of tax debt cases that have given us the experience and expertise to alleviate any tax issues that you have big or small.

WHEN YOU FILE BANKRUPTCY WHAT COULD HAPPEN?

So let’s talk about what exactly happens to your debt when you file for bankruptcy.

When you file for bankruptcy, an automatic stay is created. An automatic stay is a court order that ceases creditors and even the IRS from taking any action toward collecting debt from you. Creditors will have to address the court and ask its permission to try and collect from you. So, don’t exhale yet!

But let’s address the real question: Can your tax debt get wiped out if you file for bankruptcy?

The answer is that it depends. Depending on the nature of your case, ALL of your debt can get wiped out and in some cases, only a partial amount will be dismissed. If you didn’t commit fraud, then you have a better chance of wiping all of your debt out. Other factors such as how old the actual debt is will be taken into consideration as well. Typically, if it’s less than a year, then the chances of you having to pay that debt is probable, but here again, all of this is determined on a case-by-case basis.

BANKRUPTCY IS NOT ALWAYS AN EASY WAY OUT - BUT POSSIBLE!

The bottom line is that bankruptcy ought to be your last resort. There is a lot of paperwork involved and there isn’t a guarantee that all of your debt will get cleared. If you do decide to file for bankruptcy, don’t try and do it by yourself.

Consult a tax relief professional today for a free consultation at 713-300-3965 or Advance Tax Relief www.advancetaxrelief.com.

Tuesday, October 10, 2017

HOW TAX RELIEF COMPANIES CAN HELP REDUCE YOUR TAX HELP – IRS HELP





Oftentimes, we think we know what’s best for us when it comes to handling our own finances. The truth of the matter is everyone could use a little help, especially when tax season rolls around.

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
(800)-790-8574
BBB A+ RATED

Many people who are in debt might not see how a tax professional can help them. After all, a tax professional deals in all things that are related to taxes, right? Well, that actually depends on what kind of tax professional you hire.

THE SERVICE YOU MIGHT BE USED TO:

There are many storefront tax services that specialize in the “quick and dirty” annual tax filing. Nothing more. Nothing less. If what they’ve filed for you renders an outcome that’s other than a refund, then you are essentially on your own to work out some type of payment arrangement.

THE TYPE OF SERVICE YOU SHOULD GET USED TO:

The professionals at Advance Tax Relief are invested in our clients. We do what we can to help our clients take care of their annual filing and see to it that they receive their refund as quick as possible. If for some reason, they end up owing the Internal Revenue Service (IRS), then we will also assist them with the means to making the payment. Oftentimes, the amount owed can be way more than taxpayers can afford. In cases like this, we communicate with the IRS on our client’s behalf to arrange an affordable monthly installment plan.

It can be said that other tax professionals do the exact same thing, but what sets Advance Tax Relief apart from others is that we provide debt relief counseling services. We understand that when it comes to annual filings, sometimes you get a refund and sometimes you owe. It’s typically the owing part that can often get out of hand.

MANAGING YOUR IRS PAYMENTS

If you’re late with your filing or payments to the IRS, interests and penalty fees accrue, and if you’re already having issues keeping up with the payments, tacking on more money onto the existing debt can weigh you down. Because the consequences of a neglected tax payment are dire, this will certainly be the first debt that you want to pay. The problem is, other debts often get neglected because there’s only so much money to go around.

THIS IS WHERE ADVANCE TAX RELIEF CAN HELP

The professionals at Advance Tax Relief have over three decades of experience helping taxpayers like you stretch the dollar so that you’re taking care of all of your debt. We understand that many people who find themselves in debt are having problems managing it. This is usually the underlying problem and we have a service to specifically address just this.

There’s no shame in asking for help to manage your finances to reduce your debt. Call the professionals at Advance Tax Relief for a free consultation to learn about some of the strategies we use to help taxpayers get out of debt. Contact us online or call us at 800-790-8574. You can also email us today at taxpros@advancetaxrelief.com

DO YOU NEED HELP?
We are tax relief experts specializing in IRS back tax help, Audit 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
#irstaxrelief
#taxestaxes
#taxservices
#irstaxhelp
#cpaattorney
#cantheirs

Friday, October 6, 2017

FILING A TAX EXTENSION 10/15/17? CONSIDER THESE TAX CREDITS

Taxpayers who requested an extension of time to file their federal tax returns have until Oct.16 to double-check their returns for tax benefits that people often overlook. These taxpayers still have time to see if they can benefit from these four credits.

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


EARNED INCOME TAX CREDIT:


The Earned Income Tax Credit – also known as EITC and EIC – benefits people who work and who have low-to-moderate incomes. This credit reduces the amount of tax owed and may result in a refund. To qualify for this credit, a person must meet certain requirements. They must also file a tax return.

CHILD TAX CREDIT:

This is a credit of up to $1,000 per qualifying child. Taxpayers who claim this credit – but who do not qualify for the full amount – may also be able to take the additional child tax credit.

SAVERS CREDIT:

This credit helps low-to-moderate-income workers save for retirement. It is also known as the Retirement Savings Contributions Credit.

AMERICAN OPPORTUNITY CREDIT


A credit for tuition, enrollment fees, and class material for the first four years of higher education. The amount of this credit is up to $2,500 per eligible student per year.




Taxpayers should check IRS.gov/credits-deductions to learn more about other credits they may be qualified to claim when they file. Taxpayers who must file their 2016 taxes by October 16 should consider filing electronically using IRS e-file or the Free File system.

Additional filing information for taxpayers in disaster areas and combat zones:

Although Oct. 16 is the last day for most people to file, some still have more time. This includes taxpayers in places recently hit by hurricanes that are federally-declared disaster areas. It also includes members of the military and others serving in a combat zone who have at least 180 days after they leave the combat zone to file returns and pay their taxes due.

DO YOU NEED HELP?
We are tax relief experts specializing in IRS back tax help, Audit 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
#irstaxrelief
#taxestaxes
#taxservices
#irstaxhelp
#cpaattorney
#cantheirs

OWE IRS? APPLY FOR HARDSHIP STATUS AND STOP WAGE GARNISHMENTS

The Internal Revenue Service has a provision in the Internal Revenue Manuel Section 5.16.1.2 that allows for individuals or companies that are going through a current hardship to suspend their cases and put them in a currently non collectable file.

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

Many people are completely unaware that IRS has a procedure called “hardship status”.



About 50% of taxpayers that have IRS tax problems do not have the ability to pay the tax because of their current financial circumstances. If you are going through a hardship in your life, call Advance Tax Relief today and we can help put your IRS problem behind you.

THE CONDITIONS FOR A HARDSHIP

IRS will place a case in Hardship Status if the information found on the form 433A or 433F Collection Information Statement finds that the taxpayer is unable to pay basic living expenses. In addition, the taxpayer will have little or no equity in their assets.

With more and more homeowners in foreclosure, people losing their jobs and all the other economic problems, IRS is now taking into consideration these factors and placing more cases in a non collectIble status.

Also, if the only source of income is social security and you have excessive medical bills, the government will be quick to act in granting a hardship.

HOW THE IRS DEFINES ECONOMIC HARDSHIP

Everyone has their own definition of what an economic hardship might be in their own situation. When you have an IRS problem, the Internal Revenue Service has it’s own definition of an economic hardship.

Below, is the standard that the IRS will use to determine ECONOMIC HARDSHIP.
The standard has been a problem area for practitioners and taxpayers over the years.

The IRS very rarely deviates from their Economic Hardship standard. This is from irs.gov made available to our client base.

SUMMARY OF ECONOMIC HARDSHIP

When the taxpayer’s liability can be collected in full, but collection of the federal tax would create an economic hardship, the IRS will consider all facts before taking collection action or enforcement action such as federal tax liens or federal tax levies.

The definition of economic hardship is derived from Treasury Regulations § 301.6343-1. An Economic hardship occurs when a taxpayer is unable to pay reasonable basic living expenses.

The determination of a reasonable amount for basic living expenses will be made by the Internal Revenue Service and will vary according to the unique circumstances of every individual taxpayer.

Unique circumstances, however, do not include the maintenance of an affluent or luxurious standard of living. The IRS in accordance with the United States Departmental of Labor have set up platforms to determine these hardship and living standards.

These standards are also being used by the United States Department of Justice in the normal course of U.S. bankruptcy proceedings.

Because economic hardship is defined as the inability to meet reasonable basic living expenses, it applies only to individuals (including sole proprietorship entities). Compromise on economic hardship grounds is not available to corporations, partnerships, or other non-individual entities.

The taxpayer’s financial information and special circumstances must be examined and fully documented to determine if they qualify for an economic hardship. Financial analysis includes reviewing basic living expenses as well as other considerations. The IRS may go back for the last 3 years, examine all canceled checks and will complete a full asset check.

They will examine credit reports and loan applications and sale of assets for the last 3 years. The IRS will also look to see if the taxpayer has placed assets beyond the IRS’ reach. The taxpayer’s income and basic living expenses must be considered to determine if the claim for economic hardship should be accepted. Basic living expenses are those expenses that provide for health, welfare, and production of income of the taxpayer and the taxpayers family.

National and local standard expense amounts are designed to provide accuracy and consistency in determining a taxpayer’s basic living expenses. These standards are guidelines and if it is determined that a standard amount is inadequate to provide for a specific taxpayers basic living expenses, allow for some change.

A check on our website can explain this more fully. The IRS will require the taxpayer to provide reasonable substantiation and document the case file. A 433-A financial statement is required by Internal Revenue Service on all these cases.

In addition to the basic living expenses, other factors to consider that have impact upon the taxpayers financial condition include:

-The taxpayers age and employment status,
-Number, age, and health of the taxpayers dependents,
-Cost of living in the area the taxpayer resides, and
-Any extraordinary circumstances such as special education expenses or natural disaster.
-Medical situations that have effected the life of the taxpayer or others in his family.
-The education of the taxpayer is sometimes considered as well.
-This list is not all-inclusive. Other factors may be considered in making an economic hardship determination.

FACTORS THAT SUPPORT AN ECONOMIC HARDSHIP CAN INCLUDE:

The taxpayer is incapable of earning a living because of a long term illness, medical condition or disability, and it is reasonably foreseeable that the financial resources will be exhausted providing for care and support during the course of the condition.

The taxpayer may have a set monthly income and no other means of support and the income is exhausted each month in providing for the care of dependents.
The taxpayer has assets, but is unable to borrow against the equity in those assets, and liquidation to pay the outstanding tax liabilities would render the taxpayer unable to meet basic living expenses.

Someone in the immediate family of the taxpayer has been hit with a catastrophe. An act of God causing an unforeseen occurrence. Remember, each situation is different and each and every case is based on its own merit. No two cases are ever the same.

HOW TO APPLY FOR IRS HARDSHIP:

The first thing you should do is call Advance Tax Relief to make sure you qualify. Be careful if you chose to contact the IRS directly as all information you provide will be used to attempt to collect the tax due. You could expose yourself to more problems than you bargained for. A professional at Advance Tax Relief can go over the required forms necessary to make sure you receive a Hardship Status if you qualify.

These forms include the 433A or 433F Information Collection Statements along with full supporting documentation. Also, all your tax returns must be filed. The IRS will not review your case for Hardship Status until all returns are filed.

WHY USE ADVANCE TAX RELIEF

Advance Tax Relief is composed of Attorney’s, CPA’s, Enrolled Agents and former IRS agents who know how to navigate through the system. We will complete a thorough review of your case and be able to tell you how the IRS will deal with your case. Each case has unique features and there is no general rule on how to resolve your case. If successful, IRS will probably suspend your case for a period of 3 years, but penalties and interest will continue to accrue.

This Hardship Status is also known as the Non collectible Status by the Internal Revenue Service. When your case is placed in this status IRS will not send out a Federal Tax Levy on your bank account or a tax levy on your wages. However, the IRS will still file a Federal Tax Lien on the back taxes. IRS does not want the public to be aware of the program and many times insist on a small payment so the agent looks like they are doing their job. However, if you qualify, the IRS has to place your case in Non collectible Status.

DO YOU NEED HELP?

We are tax relief experts specializing in IRS back tax help, Audit 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
#irstaxrelief
#taxestaxes
#taxservices
#irstaxhelp
#cpaattorney
#cantheirs