Wednesday, July 26, 2017

FAILED TO FILE YOUR PAST DUE TAX RETURNS? WHAT TO DO!


The truth is that there is no such thing as one-size-fits all advice for tax situations. Each and every tax issue is unique and subject to different concerns and circumstances. Thus, while a taxpayer should proceed with his or her investigation of the issue in a diligent manner, consulting with a tax professional who can assess the situation and its risks is often essential.

To release your IRS wage garnishment, file back tax returns or settle your tax debt, call us today at 1-800-790-8574.

ADVANCE TAX RELIEF LLC – Serving All 50 States
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**Over 5 Million in Tax Debt and Penalties Forgiven for our clients.

Consider the situation of two taxpayers who are identical in every way, including their failure to file taxes, expect one taxpayer holds a significant number of undisclosed offshore accounts. While both taxpayers face risks due to their noncompliance, the taxpayer with foreign accounts that have not been disclosed through FBAR or FATCA faces a significantly more sensitive situation. Provided that additional red flags are not discovered, the first tax payer’s situation may be able to be resolved through filing the missing tax returns or potentially up to 6 years of returns alone.

However the taxpayer with undisclosed foreign accounts and unfiled taxes faces significantly more danger. Aside from the fines and penalties that can be imposed for FBAR and FATCA noncompliance, a government agent may perceive the non-filing of taxes as a step to further the concealment of offshore accounts and income. The taxpayer may be referred for criminal investigation and prosecution. The use of a quiet disclosure in these circumstances is inappropriate and likely to further exacerbate the consequences faced by the taxpayer. Thus in this situation, a tax professional may recommend entry into Offshore Voluntary Disclosure Program (OVDP) because OVDP can provide insulation against further criminal charges stemming from the taxpayer’s offshore non-compliance. This type of situation is fraught with danger for the taxpayer and should be handled by a professional.

RELY ON A TAX ATTORNEY FOR NON-FILED TAX RETURN ISSUES.
Taxes that have not been filed can result in serious consequences for the taxpayer. However, taxpayers who work to fix their IRS tax problems before receiving a notice from the IRS, typically find more favorable outcomes.
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 (800)790-8574 or visit www.advancetaxrelief.com

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