tag:blogger.com,1999:blog-12334555655001762532024-03-09T18:48:07.130-08:00,ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.comBlogger1046125tag:blogger.com,1999:blog-1233455565500176253.post-88255662672244089682023-10-30T06:44:00.000-07:002023-10-30T06:44:05.909-07:00Wage Garnishment Relief Guide: Protect Income, Regain Stability<p><span style="color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-weight: 700; white-space-collapse: preserve;">Wage garnishment is a challenging financial situation in which a court orders your employer to withhold a portion of your earnings to repay a debt. In many cases, the IRS may enforce wage garnishment to collect on tax debts. Navigating the complexities of wage garnishment can be overwhelming, but it's important for taxpayers facing this issue to explore their options for relief and take action to protect their income and financial stability.</span></p><span id="docs-internal-guid-58bcb534-7fff-10c1-c526-beee6221159f"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKvdSEkha0053F9VPiCMCB746hn1A6JA049m_lPE9c5pZ61apfcRT7T_evNnx67DutP927DKhgI00ujU4jSIto2mG-PGlZOP3jPfhDc3XBxmr-h52xj3g2vqkVy8Yf7bOQKi4lP64TrzB9olM-NRSz0XfPHtDmW2OQXd4xa5E2HicLVpLtX8YWXmcpmTg/s750/wage-garnishment-irs-tax-relief-attorneys.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="750" data-original-width="500" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKvdSEkha0053F9VPiCMCB746hn1A6JA049m_lPE9c5pZ61apfcRT7T_evNnx67DutP927DKhgI00ujU4jSIto2mG-PGlZOP3jPfhDc3XBxmr-h52xj3g2vqkVy8Yf7bOQKi4lP64TrzB9olM-NRSz0XfPHtDmW2OQXd4xa5E2HicLVpLtX8YWXmcpmTg/s320/wage-garnishment-irs-tax-relief-attorneys.jpeg" width="213" /></a></div><br /><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">In this comprehensive guide, we will cover strategies for wage garnishment relief that can help you safeguard your income and work towards regaining control of your finances. We will discuss the reasons behind IRS wage garnishment, identify steps to take upon receiving a garnishment notice, and detail what options are available to negotiate for a more favorable repayment arrangement. By gaining a deeper understanding of wage garnishment relief strategies, you will be better equipped to tackle this challenging financial situation head-on and begin rebuilding a stronger financial future.</span></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Understanding IRS Wage Garnishment: Reasons and Procedures</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Wage garnishment by the Internal Revenue Service (IRS) happens when a taxpayer fails to resolve their outstanding tax debts, typically after multiple attempts by the IRS to collect the due amount through notices. The IRS follows a series of steps before initiating wage garnishment, ensuring that the taxpayer has ample notice and opportunity to address the issue. The process usually includes:</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Assessment and Demand for Payment: The IRS assesses the tax debt and sends a demand for payment notice.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Final Notice of Intent to Levy: If the taxpayer ignores the initial notice or fails to arrange a payment plan, the IRS sends a final notice of intent to levy, providing the taxpayer with 30 days to respond.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Issuing Wage Garnishment: If no response or payment arrangement is made within 30 days, the IRS can issue a wage garnishment, notifying the employer of the requirement to withhold a portion of the employee's wages.</span></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Steps to Take Upon Receiving a Wage Garnishment Notice</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">If you receive notice of an impending wage garnishment, it is essential to act quickly to address the situation and minimize its impact on your financial stability. Here are some crucial steps to take:</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Review the Notice: Carefully read the wage garnishment notice to ensure its accuracy, checking for potential mistakes or discrepancies in the tax debt amount. Report any errors to the IRS promptly.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Consult with a Tax Professional: Seek the advice of a tax professional, such as an enrolled agent, CPA, or tax attorney, who specializes in wage garnishment and tax debt resolution. They can help you understand your options and develop a plan to address your tax debt.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Communicate with the IRS: Open a line of communication with the IRS to discuss your situation and negotiate payment arrangements or other solutions.</span></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Exploring Tax Relief Options to Stop Wage Garnishment</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Thankfully, several tax relief options can help stop wage garnishment and enable you to regain control of your finances. These options include:</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Full Payment of the Tax Debt: If you can pay the outstanding tax debt in full, wage garnishment will stop. However, this option may not be feasible for taxpayers facing financial difficulties.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Installment Agreement: Negotiating an installment plan with the IRS allows you to repay your tax debt over time while stopping wage garnishment.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Offer in Compromise: An Offer in Compromise is an agreement between you and the IRS to settle your tax debt for less than the full amount owed, effectively stopping the wage garnishment.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">4. Currently Not Collectible: If the IRS determines that your financial situation prevents you from paying your tax debt, they may place your account in a Currently Not Collectible status, temporarily stopping wage garnishment.</span></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Hiring a Tax Professional to Help Resolve Wage Garnishment</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Seeking the expertise of a tax professional can be invaluable in resolving wage garnishment and addressing tax debt. A qualified tax expert can offer several benefits, including:</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Expert Representation: Tax professionals are equipped to represent you in dealings with the IRS, ensuring your rights are protected and helping negotiate favorable repayment arrangements.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Comprehensive Solutions: An experienced tax professional can help you explore all available options to address wage garnishment, leveraging their expertise and knowledge of the tax system.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Reduced Stress: Knowing that your wage garnishment case is being handled by a qualified expert can help alleviate the stress and anxiety associated with tax debt problems.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">4. Financial Stability: By working with a tax professional to resolve your wage garnishment issue, you can take a proactive approach to regaining financial stability.</span></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Prevention: Tips for Avoiding Wage Garnishment in the Future</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">To minimize the risk of future wage garnishment, consider implementing the following practices:</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Timely Tax Filing and Payment: Ensure that you file your tax returns on time and pay any outstanding tax debts promptly to avoid accruing penalties and interest.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Communication with the IRS: If you're unable to pay your tax debt, communicate with the IRS to discuss potential payment plans or other relief options.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Periodic Tax Review: Regularly review your tax situation to ensure compliance and identify potential problems early on.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">4. Seek Professional Tax Advice: Utilize the services of a tax professional to stay informed about tax laws, deductions, and credits, keeping your financial situation in check.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">By being proactive and addressing potential tax issues before they escalate, you can avoid wage garnishment and maintain control over your financial stability.</span></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Regain Control of Your Income with Advance Tax Relief LLC</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Understanding your options and taking swift action is crucial when facing wage garnishment due to tax debt. By seeking the guidance of a reputable tax professional and exploring available tax relief options, you can protect your income and work towards regaining financial stability. </span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Advance Tax Relief LLC is a trusted tax resolution company dedicated to helping individuals and businesses overcome their tax challenges. With our team of experienced tax professionals, we offer personalized solutions tailored to your unique situation, ensuring your best interest is always at the forefront.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Don't let wage garnishment control your financial future. Contact Advance Tax Relief LLC today for a free confidential consultation and discover how our expert team can help you with </span><a href="https://advancetaxrelief.com/irs-wage-garnishment" style="text-decoration-line: none;"><span style="background-color: transparent; color: #1155cc; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">wage garnishment release</span></a><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">, resolve your tax debt, and reclaim your financial stability. Visit our website to take the first step towards a brighter financial future.</span></p><br /></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-26691805858400713072023-10-25T12:51:00.003-07:002023-10-25T12:51:23.825-07:00 UNVEILING THE TAX AUDIT PROCESS: Navigating IRS Audits<p><span style="font-family: Arial, sans-serif; font-size: 11pt; font-weight: 700; white-space-collapse: preserve;">TAX AUDIT</span></p><span id="docs-internal-guid-71d54aca-7fff-6378-0a24-ce72f151132b"><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">A tax audit can be a daunting experience for many individuals and businesses, often stirring up feelings of anxiety and uncertainty. However, understanding the tax audit process and having professional guidance can make all the difference in alleviating these concerns. In this in-depth guide, we'll explore the various stages of an IRS tax audit, providing practical tips and support for navigating the process with confidence and ease. With the help of Advance Tax Relief LLC's expertise, you'll be better prepared to face an audit and address potential issues in a timely and efficient manner.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">From correspondence and field audits to addressing discrepancies and negotiating results, our team of experienced tax professionals at Advance Tax Relief LLC will serve as a valuable resource throughout your tax audit journey. Empower yourself with knowledge and expert assistance as we explore the tax audit process, ensuring a smoother experience and peace of mind.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Types of Tax Audits Conducted by the IRS</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">There are three main types of tax audits conducted by the IRS, each varying in scope and complexity. Understanding the type of audit you may be facing is crucial in determining how best to prepare.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Correspondence Audit: The most common and least intrusive form of audit, correspondence audits are conducted entirely through mail. The IRS may request additional documentation to verify certain aspects of your tax return, such as income, deductions, or credits. Promptly responding with the requested information is essential in minimizing potential issues.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Office Audit: A more in-depth examination, office audits require the taxpayer to meet with an IRS agent at a local IRS office. The agent may ask for documentation and clarification on specific items from the tax return. Proper organization and a thorough understanding of your tax situation are necessary for a successful office audit.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Field Audit: The most comprehensive form of an audit, field audits involve an IRS agent conducting an on-site examination of the taxpayer's home, business, or accountant's office. Field audits typically focus on larger or more complicated tax situations and may require extensive documentation and professional representation.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Preparing for a Tax Audit: Documentation and Organization</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Irrespective of the type of audit you face, proper documentation and organization are instrumental in navigating the process smoothly. Here are some steps to consider:</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Review the Audit Notice: Carefully review the audit notice to understand the specific items the IRS is examining and any deadlines for submitting documentation. Ensure you respond promptly and as requested.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Gather Relevant Documents: Collect records that support the specific items under examination, including receipts, invoices, bank statements, and other financial documents. Ensure all documentation is accurate and complete.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Organize Your Records: Arrange your records in a chronological and logical order, making it easier for the auditor to review and verify the information. This can help expedite the process and prevent potential misunderstandings.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">4. Consult a Tax Professional: Engaging the services of a tax professional, such as Advance Tax Relief LLC, can provide valuable guidance and representation during a tax audit. A tax professional can help you understand your rights and responsibilities and assist in addressing discrepancies.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Common Audit Triggers and Red Flags</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Understanding some common audit triggers and red flags can help you proactively address potential issues and reduce the likelihood of an audit. Some common triggers include the following:</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Unreported or Inconsistent Income: Ensure that all income, including self-employment and investment income, is accurately reported and is consistent with the information reported by any third parties, such as employers or financial institutions.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. High Deductions or Credits: Excessive or unusual deductions, losses, or credits are more likely to raise suspicions and may trigger an audit. Ensure that deductions and credits claimed are legitimate, reasonable, and well-documented.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Frequent Schedule C Losses: Consistently reporting losses on your Schedule C, particularly if you claim your business is not a hobby, can raise eyebrows at the IRS. Be prepared to justify and substantiate these losses if questioned.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">4. Cash-Based Businesses: Businesses that deal primarily in cash transactions, such as restaurants and retail stores, attract greater scrutiny from the IRS due to the increased potential for unreported income. Maintain accurate and comprehensive records to verify all transactions.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Addressing Discrepancies and Negotiating Audit Results</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">If the IRS identifies discrepancies or errors during the audit, it's essential to resolve these issues promptly and professionally. Some tips for doing so include the following:</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Cooperation: Cooperate fully with the auditor during the process. Being open and honest can assist in building credibility and facilitate smoother interactions.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Offer Explanations: If you disagree with the auditor's findings, calmly provide clear, well-supported explanations for any discrepancies. A professional and rational approach may lead to a more favorable conclusion.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Seek Professional Help: In some cases, you may need the assistance of a tax professional to help you address discrepancies or negotiate with the IRS. Advance Tax Relief LLC's skilled and experienced team can provide valuable support in dealing with audit concerns and navigating the negotiation process.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Understanding different types of tax audits, preparing with proper documentation and organization, and familiarizing yourself with common triggers and red flags can help you confidently navigate the tax audit process. Advance Tax Relief LLC's team of tax professionals offers the knowledge and expertise necessary to guide taxpayers through the audit process, helping individuals and businesses address discrepancies, negotiate audit results, and ultimately achieve a favorable outcome.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Secure Your Financial Future with Advance Tax Relief LLC's Audit Support</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Successfully navigating the tax audit process requires thorough preparation, proper documentation, and a strong understanding of how to address discrepancies and potential red flags. Partnering with experienced tax professionals, like those at Advance Tax Relief LLC, can provide invaluable support and peace of mind throughout the process. From guidance on audit triggers to expert representation during negotiations, our team is dedicated to helping you achieve the most favorable outcome in your tax audit. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Don't face this complex process alone – secure your financial future by relying on the expertise and experience of Advance Tax Relief LLC. Take the first step on your journey toward financial stability and success. Contact us today if you need tax audit representation!</span></p><br /><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">#TaxAudits</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">#TaxAttorneys</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">#TaxRepresentation </span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">#TaxPreparation</span></p><div><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-45274944290923138112023-10-25T11:53:00.002-07:002023-10-25T12:34:20.476-07:00 TAX RESOLUTION: CHOOSING THE RIGHT FIRM TO RESOLVE YOUR TAX ISSUE<p><span face="Arial, sans-serif" style="font-size: 11pt; white-space-collapse: preserve;">Dealing with complicated tax issues can be both daunting and stressful. Seeking the expertise of a tax resolution firm to navigate the complexities of taxes, tax debt, and IRS negotiations is a crucial step toward resolving tax-related issues and rebuilding your financial stability. But with countless tax resolution services available, how can you be sure to find the right one for your needs? In this comprehensive guide, we will walk you through the essential factors to consider when selecting a tax resolution firm and provide practical tips to help you make an informed decision.</span></p><span id="docs-internal-guid-e7bfe4c3-7fff-e92d-a72e-abd8d0b841c1"><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">As you embark on the journey toward financial stability and tax compliance, the right tax resolution firm should be there to guide and support you at every step. Equip yourself with the knowledge needed to make an informed decision and secure a brighter financial future with the right tax resolution partner.</span></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></h4><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span face="Arial, sans-serif" style="font-size: 11pt; white-space-collapse: preserve;">Key Factors to Consider When Evaluating Tax Resolution Firms</span></h4><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">To select the best tax resolution firm suited for your needs, consider the following key factors:</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">1. Qualifications and Credentials: Reputable tax resolution firms employ a team of tax professionals, such as certified public accountants (CPAs),</span><a href="https://www.irs.gov/tax-professionals/enrolled-agents" style="text-decoration-line: none;"><span face="Arial, sans-serif" style="color: black; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> </span><span face="Arial, sans-serif" style="color: #1155cc; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">enrolled agents</span></a><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> (EAs), and tax attorneys, who have the necessary qualifications and credentials to represent clients before the IRS.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">2. Experience: Look for a firm with a proven track record of successfully resolving a wide range of tax issues, including your specific tax problem. Inquire about the firm's experience in handling cases similar to yours and their success rate in achieving favorable outcomes.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">3. Client Reviews and Testimonials: Research the firm's reputation by examining client reviews, testimonials, and any possible complaints filed with the Better Business Bureau.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">4. Transparency and Communication: Choose a firm that is transparent about their fees, services, and strategies and that provides clear, ongoing communication throughout the resolution process.</span></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">The Importance of Transparent Fees and Understanding Your Rights</span></h4><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">A reputable tax resolution firm will prioritize transparency, ensuring you have a clear understanding of the costs involved, along with your rights as a taxpayer. To avoid hidden fees and inflated expenses, consider the following:</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">1. Fee Structure: Look for firms with a straightforward fee structure that clearly explains all associated costs, avoiding those that charge large upfront fees or seem vague about their charges.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">2. Retainer Agreement: A detailed retainer agreement should clearly outline the services the firm will provide, any potential additional charges, and your rights and responsibilities as a client.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">3. Know Your Rights: Familiarize yourself with the</span><a href="https://www.irs.gov/pub/irs-pdf/p1.pdf" style="text-decoration-line: none;"><span face="Arial, sans-serif" style="color: black; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> </span><span face="Arial, sans-serif" style="color: #1155cc; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">Taxpayer Bill of Rights</span></a><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">, which provides you with a clear understanding of your rights and entitlements when working with the IRS.</span></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Benefits of Working with a Tax Resolution Firm</span></h4><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Partnering with the right tax resolution firm can bring numerous benefits, such as the following:</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">1. Personalized Service: A firm that takes the time to understand your unique financial circumstances will be better equipped to develop customized solutions that address your tax problems efficiently and effectively.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">2. Expert Representation: Skilled tax professionals can represent you in dealings with the IRS, advocating on your behalf and ensuring your rights are protected.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">3. Tax Knowledge and Resources: Access to industry-leading knowledge, expertise, and resources ensures the best possible chance of a favorable resolution to your tax issues.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">4. Reduced Stress and Anxiety: Knowing that experienced professionals are addressing your tax problems can help alleviate the stress and anxiety associated with tax-related concerns.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">5. Improved Financial Stability: By handling the tax problem in a timely and efficient manner, the firm safeguards you from the harsh consequences of tax debt, ultimately paving the way for improved financial stability.</span></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Practical Tips for Selecting the Right Tax Resolution Firm</span></h4><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">In order to make an informed decision and choose the best tax resolution firm for your needs, follow these practical tips:</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">1. Research and Compare Firms: Begin by researching multiple tax resolution firms to create a shortlist of potential candidates. Compare their qualifications, experience, fees, and client testimonials to identify which firm aligns with your needs and preferences.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">2. Schedule a Consultation: Most reputable firms offer a free initial consultation, allowing you to get a feel for the firm's approach and expertise and assess whether they are a good fit for your specific tax issues.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">3. Ask Questions: Prepare a list of relevant questions to ask during the consultation. Some potential questions might include the following:</span></p><ul style="margin-bottom: 0px; margin-top: 0px; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 12pt;"><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-wrap: wrap; vertical-align: baseline;">How long have you been in business?</span></p></li><li aria-level="1" dir="ltr" style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-wrap: wrap; vertical-align: baseline;">What is your success rate in resolving cases similar to mine?</span></p></li><li aria-level="1" dir="ltr" style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-wrap: wrap; vertical-align: baseline;">How will you keep me informed of the progress in my case?</span></p></li><li aria-level="1" dir="ltr" style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-wrap: wrap; vertical-align: baseline;">What is the estimated timeframe for resolving my tax issue?</span></p></li><li aria-level="1" dir="ltr" style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.38; margin-bottom: 12pt; margin-top: 0pt;"><span style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-wrap: wrap; vertical-align: baseline;">Are there any additional fees or charges I should be aware of?</span></p></li></ul><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">4. Verify Credentials and Licensing: Confirm the firm's credentials and licensing by checking with the appropriate organizations, such as the American Institute of Certified Public Accountants (for CPAs), the National Association of Enrolled Agents (for EAs), or the American Bar Association.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">5. Be Wary of Promises That Sound Too Good to Be True: Although professional tax resolution firms can often achieve significant reductions in tax debt, it is important to remain cautious of firms that make unrealistic promises or guarantees.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Taking the time to research and evaluate tax resolution firms properly, and considering the factors outlined in this guide, will help ensure that you select the best possible partner to address your tax problems, alleviate financial uncertainty, and pave the way toward lasting financial stability.</span></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Advance Tax Relief LLC: Your Premier Choice for Tax Resolution Services</span></h4><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Choosing the right tax resolution firm is essential to effectively navigate the complexities of taxes, tax debt, and IRS negotiations. With the guidance and expertise of an experienced firm, you can resolve your tax issues and rebuild your financial stability. <a href="https://advancetaxrelief.com/f/unveiling-the-tax-audit-process-navigating-irs-audits">Advance Tax Relief LLC</a> stands out as a premier provider of tax resolution services, offering customized solutions and dedicated support to help you overcome your tax challenges.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">By partnering with Advance Tax Relief LLC, you can trust that you are in the hands of a team of highly qualified and experienced tax professionals, including CPAs, EAs, and tax attorneys. Taking a personalized approach, we develop effective strategies tailored to your unique situation, provide expert IRS representation, and maintain transparent fees and communication throughout the process.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">Take the first step toward resolving your tax issues and regaining your financial footing. Schedule a free confidential consultation with our tax resolution specialists to discuss your unique situation and discover how Advance Tax Relief LLC can help you achieve lasting financial stability and peace of mind. Don't let tax problems weigh you down. Call today to schedule a consultation regarding our</span><a href="https://advancetaxrelief.com/our-tax-services" style="text-decoration-line: none;"><span face="Arial, sans-serif" style="color: black; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"> </span><span face="Arial, sans-serif" style="color: #1155cc; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">tax relief services</span></a><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">!</span></p><br /><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxDebtRelief</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">#OfferInCompromise</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxPreparation</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxDebt</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">#AuditRepresentation </span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxAttorneys</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;">#BestTaxResolutionCompanies</span></p><div><span face="Arial, sans-serif" style="font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-variant-position: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-68141468404869845242023-09-20T10:11:00.000-07:002023-09-20T10:11:01.288-07:00BENEFITS OF OFFER IN COMPROMISE: UNDERSTANDING THE PROS AND CONS <p><span style="color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; white-space-collapse: preserve;">An Offer in Compromise (OIC) is a powerful tax resolution tool, enabling taxpayers to settle their outstanding tax liabilities for less than the full amount owed. While this prospect appears highly appealing, obtaining an Offer in Compromise can be a complex and challenging process, requiring expert guidance and strategic planning. </span></p><span id="docs-internal-guid-26f962d3-7fff-ef23-a914-3fcf232093e1"><br /><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Advance Tax Relief LLC is a firm that specializes in tax debt relief and negotiation. With a team of experienced tax professionals, they aim to help taxpayers reduce their debt by taking advantage of programs like the OIC. They provide personalized strategies and guidance tailored to individual financial situations, helping to navigate the intricacies of tax debt and the IRS.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLQ7_ysM4UaHjmMOTQ2TsXmseE22Bn63pC6TS8kt1XEQkcrgZrxPKdJKWPOoWBhPlfYQ1_prXpSmhQGm_Qgcjd1WS8oRxU0iLm3ABzA98fHPUn-BUSZXs49a8l9wxpWapqH-qO1GaZxVOq9Rtj6ennFVXa2ejnOjEuNYVnkUE4HLpvJO7B5otZYBMs18M/s1000/offer-in-compromise-help-houston.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="667" data-original-width="1000" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLQ7_ysM4UaHjmMOTQ2TsXmseE22Bn63pC6TS8kt1XEQkcrgZrxPKdJKWPOoWBhPlfYQ1_prXpSmhQGm_Qgcjd1WS8oRxU0iLm3ABzA98fHPUn-BUSZXs49a8l9wxpWapqH-qO1GaZxVOq9Rtj6ennFVXa2ejnOjEuNYVnkUE4HLpvJO7B5otZYBMs18M/s320/offer-in-compromise-help-houston.jpg" width="320" /></a></div><br /><div><br /></div><div><br /></div><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Understanding the benefits and drawbacks of OIC, and how professional services like Advance Tax Relief LLC can assist, is the first step towards freeing yourself from the overwhelming burden of tax debt. Knowledge is power, and in this case, it can also be the key to financial freedom and peace of mind.</span></h3><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Understanding Offer in Compromise: A Potential Path to Tax Debt Relief</span></h4><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">An Offer in Compromise is an agreement between a taxpayer and the Internal Revenue Service (IRS) that resolves the taxpayer's tax liabilities for less than the full amount owed. It's an option when the taxpayer cannot pay their tax debt in full, or doing so would create a financial hardship. The IRS considers the taxpayer's ability to pay, income, expenses, and asset equity when evaluating an OIC.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Gain insights into the Offer in Compromise process and requirements for qualification:</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">1. Definition: An Offer in Compromise is an agreement between the taxpayer and the IRS to settle outstanding tax debt for less than the full amount owed.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">2. Qualification criteria: To qualify for an Offer in Compromise, taxpayers must demonstrate that paying their tax debt in full would create financial hardship or is not in the best interest of both parties.</span></h3><br /><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">3. Financial analysis: The IRS considers the taxpayer's income, expenses, assets, and future earning potential when evaluating an Offer in Compromise application.</span></h3><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Benefits of Offer in Compromise: Settle Tax Debt for Less and Achieve Financial Stability</span></h4><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">While the idea of settling your tax debt for less than what you owe sounds too good to be true, it’s a legitimate option. Explore the potential benefits of pursuing an Offer in Compromise with Advance Tax Relief LLC's assistance:</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">1. Financial relief: Settling tax debt for a fraction of the original amount can provide significant financial relief and pave the way for improved financial stability.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">2. Stop collections: IRS collection activities cease while the Offer in Compromise is pending and upon successful negotiation.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">3. Fresh start: A successful Offer in Compromise provides a clean slate, enabling you to manage your finances moving forward effectively.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">While there are pros and cons to consider, with professional guidance, you can navigate the process and potentially settle your debt for less than you owe, giving you the chance to start afresh financially.</span></h3><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Challenges and Drawbacks of Offer in Compromise: The Right Solution for Everyone?</span></h4><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Recognize the potential challenges and drawbacks of pursuing an Offer in Compromise:</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">1. Rigorous application process: The Offer in Compromise application is detailed and requires extensive financial documentation, which may be burdensome for some taxpayers.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">2. Partial payment requirement: Applicants must submit a non-refundable partial payment of their proposed Offer in Compromise amount, which might be difficult for cash-strapped taxpayers.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">3. Low acceptance rate: The IRS accepts a limited number of Offers in Compromise, making the process highly competitive.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Navigating the complexities of an Offer in Compromise can be daunting, but you don’t have to go it alone. Work with Advance Tax Relief LLC to carefully assess your unique situation and determine whether an Offer in Compromise is the right solution for your tax debt issues.</span></h3><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">The Critical Role of Advance Tax Relief LLC in Securing a Successful Offer in Compromise</span></h4><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">If you're considering an Offer in Compromise, it's crucial to seek professional help. Advance Tax Relief LLC, a leading tax debt resolution firm, can guide you through the process. Our team of experienced tax professionals can assess your situation, help you understand if an OIC is the right solution for you, and negotiate with the IRS on your behalf.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">We understand that each situation is unique, and we tailor our approach to your specific circumstances. Our goal is to help you resolve your tax issues and achieve financial freedom.</span></h3><br /><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Navigating Tax Debt: The Role of Offer in Compromise</span></h4><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">While securing an Offer in Compromise may provide substantial financial relief for taxpayers facing significant tax debt, it is essential to understand the potential drawbacks and challenges associated with this tax resolution strategy. By leveraging the expertise and support of Advance Tax Relief LLC, you can successfully navigate the Offer in Compromise process, effectively settle your tax liabilities, and regain financial stability.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt;"><br /></h3><span style="color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">With the help of our </span><a href="https://advancetaxrelief.com/offer-in-compromise-1" style="text-decoration-line: none;"><span style="color: #1155cc; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">certified tax professionals</span></a><span style="color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">’ unparalleled experience, client-centered approach, and unwavering commitment to achieving optimal results to guide you in managing your tax debt challenges and securing a prosperous financial future.</span></span><div><span><span style="color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div><span><span style="font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"><span style="color: #5e5e5e; font-family: Montserrat, sans-serif;"><b><a href="https://advancetaxrelief.com/f/benefits-of-offer-in-compromise-understanding-the-pros-and-cons">https://advancetaxrelief.com/f/benefits-of-offer-in-compromise-understanding-the-pros-and-cons</a></b></span></span></span></div><div><span><span style="font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"><span style="color: #5e5e5e; font-family: Montserrat, sans-serif;"><b><br /></b></span></span></span></div>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-9842540169236601022023-09-19T12:17:00.000-07:002023-09-19T12:17:11.274-07:00 Delinquent Back Taxes: Our Roadmap to Resolution and Recovery<p><span style="color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Managing delinquent back taxes can be a formidable challenge, causing financial strains and leading to potentially severe consequences if left unresolved. </span><a href="https://advancetaxrelief.com/" style="text-decoration-line: none;"><span style="color: #1155cc; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">Advance Tax Relief LLC</span></a><span style="color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">, a top-rated tax resolution firm in Houston, Texas, specializes in helping individuals and businesses overcome the hurdles posed by delinquent back taxes through expert guidance and customized solutions. </span></p><span id="docs-internal-guid-7d24681c-7fff-cfd7-a341-8a47fb214734"><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">In this comprehensive guide, we will discuss the implications of delinquent back taxes, the importance of addressing these issues promptly, and the role of Advance Tax Relief LLC in assisting taxpayers in navigating the resolution process. By understanding the stakes involved and enlisting the support of Advance Tax Relief LLC's knowledgeable team of tax professionals, taxpayers can effectively tackle delinquent back taxes, avert potential pitfalls, and achieve lasting financial recovery.</span></h3><div><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://taxdebtreli.wordpress.com/2023/09/19/delinquent-back-taxes-our-roadmap-to-resolution-and-recovery/" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="750" data-original-width="1125" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8qmiAN_K5G6d4VT1NM6p_nhFNFPHaJ75GSSB2Ah-GBlrXD04A8KWh6vhyMrOI3W12TievxGHXjf5f34x3sN1Eh8-R23ujJlYEFglmzRb4a99ghBmmzTkoXftfJWJJlfkHnzux1OcL6_13hR31vZvTL1NLS8kewBNscHtc4LKTWRM8AK8PS7CElz4NfC4/s320/delinquent-IRS-Back-Taxes-Attorneys.jpg" width="320" /></a></div><br /><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></div><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Recognizing the Consequences of Delinquent Back Taxes</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">Acknowledge the potential consequences of unresolved delinquent back taxes and the importance of timely resolution:</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">1. Penalties and Interest: Unpaid back taxes accrue penalties and interest, increasing the overall tax debt and making it more challenging to rectify.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">2. Tax Liens and Levies: The IRS may place liens on property or enact levies against wages, bank accounts, or other assets to collect the unpaid taxes.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">3. Credit Impact: Delinquent back taxes can negatively affect credit scores, leading to potential difficulties when applying for loans, credit cards, or mortgages.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">4. </span><a href="https://advancetaxrelief.com/f/delinquent-back-taxes-our-roadmap-to-resolution-and-recovery" style="text-decoration-line: none;"><span style="background-color: transparent; color: #1155cc; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">Advance Tax Relief LLC</span></a><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;"> assistance: Partner with Advance Tax Relief LLC to address delinquent back taxes before the financial consequences escalate and jeopardize your financial well-being.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">Evaluating Your Tax Situation and Identifying Options</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">Begin the process of addressing delinquent back taxes by assessing your situation and exploring available options:</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">1. Assess Outstanding Debts: Accurately calculate the total amount of your delinquent back taxes, including any penalties and interest accrued.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">2. Investigate Resolution Options: Consider possible solutions for delinquent back taxes, such as payment plans, offers in compromise, and declaring currently not collectible status.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">3. Professional Guidance: Consult with Advance Tax Relief LLC's tax professionals to evaluate your tax situation and determine the most suitable resolution strategy for your unique circumstances.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">4. Develop an Action Plan: Collaborate with Advance Tax Relief LLC to create a personalized plan for addressing delinquent back taxes and achieving financial recovery.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">Engaging Advance Tax Relief LLC for Expert Tax Resolution Support</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">Leverage the expertise of Advance Tax Relief LLC to effectively resolve delinquent back taxes and regain financial stability:</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">1. Analysis and recommendations: Advance Tax Relief LLC carefully examines your tax situation, offering tailored recommendations for resolving your delinquent back taxes.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">2. IRS negotiation: Rely on Advance Tax Relief LLC's experienced negotiators to communicate with the IRS on your behalf, advocating for a fair resolution and minimizing the impact on your finances.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">3. Resolution implementation: Follow Advance Tax Relief LLC's guidance in executing the chosen resolution strategy, ensuring you adhere to all necessary requirements and deadlines.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">4. Ongoing support: Maintain a relationship with Advance Tax Relief LLC for continued guidance, ensuring long-term financial stability and reducing the risk of future tax issues.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">Maintaining Financial Stability and Preventing Future Delinquent Back Taxes</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">Implement strategies to secure financial stability and avert future delinquent back tax issues:</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">1. Tax Planning: Work proactively with Advance Tax Relief LLC to develop a tax plan that factors in expected income and expenses, helping to forecast and manage future tax liabilities.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">2. On-Time Filing and Payment: Make timely tax return filing and payments a priority, minimizing the risk of penalties, interest, or additional tax assessments.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">3. Communication with the IRS: Maintain open communication with the IRS to address tax issues as they arise, working to resolve problems promptly and prevent future delinquent back taxes.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">4. Financial Planning and Budgeting: Develop solid financial planning and budgeting practices with the guidance of Advance Tax Relief LLC, supporting continued financial stability and reducing the risk of unpaid taxes.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Conclusion:</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">Addressing delinquent back taxes is a crucial step for taxpayers seeking to regain financial stability and prevent potential consequences that can impact various facets of their financial lives. By understanding the implications of delinquent back taxes and enlisting the expertise of Advance Tax Relief LLC's seasoned team of tax professionals, taxpayers can effectively navigate the resolution process, avert potential pitfalls, and achieve lasting financial recovery.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 16.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space-collapse: preserve;">With over 30 years of combined experience and an impressive track record of settling over $100 million in from delinquent taxes, Advance Tax Relief LLC's team of tax attorneys and Enrolled Agents stand ready to provide the dedicated support needed to successfully resolve tax issues and usher in newfound financial stability. Our team will evaluate your situation and provide you with a personalized plan to help you resolve your tax issues and regain financial stability. Place your trust in our expertise, commitment, and personalized approach to provide the guidance and assistance needed to resolve delinquent back taxes, regain financial stability, and pave the way for future financial success. Contact us today to schedule an appointment!</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.3499999999999999; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 6pt 0pt;"><br /></h3><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Advance Tax Relief is a BBB Accredited Business</span></p><br /><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxDebtRelief</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxRelief</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxHelp </span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxDebt</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxPreparation</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#SmallBusinessTaxRelief</span></p><div><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-73697654457273096462023-09-18T13:11:00.007-07:002023-09-18T13:11:56.031-07:00TAX DEDUCTIONS FOR FREELANCES & INDEPENDENT CONTRACTORS<p><span style="color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-weight: 700; white-space-collapse: preserve;">The rise of freelancing and independent contracting has created unique opportunities and challenges for many professionals, especially when it comes to taxes. Navigating the intricate world of tax deductions can be daunting for freelancers and independent contractors, but understanding available deductions is crucial for maintaining financial stability and staying compliant with tax regulations. </span></p><span id="docs-internal-guid-b6d99621-7fff-7f4a-a27a-2dfb5602cadf"><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">With 30 years of combined experience and over $100 million in tax debt settled, Advance Tax Relief can provide freelancers and independent contractors with the necessary information and guidance to claim applicable deductions and minimize their tax liabilities.</span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdNePLu20ecwtJORGo4PvlFummRVbaV4-ESLUIfNLc26ESG2GKFFdVFuPCV5KUzLdSGbTbHLi5qf9e021j6MioTY2Q4mmX-l5sAqxvNov9cTj2hTaA9tnGiatIIBlqFM4C2tA5xF0Y86ucA7P6yfc734m-2xURCR5qhZOBNNhzqymplw528SFeHLId1Pg/s2222/tax-deductions-for-business-owners.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1250" data-original-width="2222" height="180" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdNePLu20ecwtJORGo4PvlFummRVbaV4-ESLUIfNLc26ESG2GKFFdVFuPCV5KUzLdSGbTbHLi5qf9e021j6MioTY2Q4mmX-l5sAqxvNov9cTj2hTaA9tnGiatIIBlqFM4C2tA5xF0Y86ucA7P6yfc734m-2xURCR5qhZOBNNhzqymplw528SFeHLId1Pg/s320/tax-deductions-for-business-owners.jpg" width="320" /></a></div><br /><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">In this comprehensive guide, we will delve into the various tax deductions that can benefit freelancers and independent contractors, shedding light on how these deductions can help reduce tax liabilities and achieve financial stability. Moreover, we will highlight the importance of partnering with experienced tax relief professionals like Advance Tax Relief for expert guidance and support in navigating the often-complex world of freelance tax deductions and compliance.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Entrust your tax concerns to the dedicated team of tax attorneys and Enrolled Agents at Advance Tax Relief. Their expertise, experience, and commitment to helping freelancers and independent contractors minimize tax liabilities will provide valuable insights and practical solutions to optimize available deductions and maintain financial health in challenging tax situations.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Home Office Deduction for Independent Professionals</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">For many freelancers and independent contractors, working from home is a common practice, making the home office deduction a valuable tax-saving tool:</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Regular and Exclusive Use: To qualify for the home office deduction, you must use the designated office space regularly and exclusively for business purposes.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Calculating Deductions: Two methods can be employed for calculating the home office deduction, the simplified option and the regular method. Each method has specific rules and deductions for home-related expenses such as mortgage interest, utilities, and property taxes.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Additional Tax Breaks: Freelancers and independent contractors may also claim deductions for some home office expenses such as office supplies and furniture.</span></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Business-Related Mileage and Vehicle Expenses</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Freelancers and independent contractors may be eligible for tax deductions involving business-related mileage and vehicle expenses:</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Standard Mileage Rate: This rate, which is adjusted annually by the IRS, allows freelancers to deduct a certain amount per mile driven for business purposes.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Actual Vehicle Expenses: In some cases, taxpayers may choose to deduct actual vehicle expenses related to business use, including depreciation, maintenance, and fuel costs.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Documentation Requirements: To claim these deductions, it is essential to maintain accurate records and distinguish between business and personal vehicle use.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Self-Employment Tax Deductions for Independent Professionals</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">As self-employed individuals, freelancers and independent contractors are often subject to self-employment tax but are entitled to certain deductions:</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Deduction for One-Half of Self-Employment Tax: Independent professionals can deduct half of their self-employment taxes on their federal income taxes, reducing the adjusted gross income.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Qualified Business Income (QBI) Deduction: Freelancers and independent contractors may be eligible for additional tax deductions through the QBI deduction, which allows for a deduction of up to 20% of qualified business income.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Additional Key Deductions to Reduce Tax Liability</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Freelancers and independent contractors can take advantage of various other tax deductions to help minimize their tax bills:</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Professional Development Expenses: Qualifying educational expenses such as certifications, training courses, and conferences can be tax-deductible, furthering professional growth and reducing tax liability.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Health Insurance Costs: Independent professionals who are not eligible for employer-sponsored health coverage can deduct premiums paid for health insurance that covers themselves, their spouses, and dependents.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Equipment and Supplies: Freelancers and independent contractors can claim deductions for essential business equipment, software, and supplies, often allowing them to recover the cost of these items over time through depreciation.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Enlisting the Expertise of Tax Relief Professionals</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Tax relief professionals like Advance Tax Relief can prove invaluable in maximizing deductions and ensuring compliance for freelancers and independent contractors:</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Expert Deduction Identification: Tax relief professionals can meticulously review your unique tax situation to identify all potential deductions, ensuring you don't miss any opportunities for tax savings.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Recordkeeping and Compliance Guidance: Accurate recordkeeping is vital in claiming deductions and staying compliant with tax laws. Tax relief professionals can provide sound recordkeeping advice and help you navigate the complexities of freelance tax deductions.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Tax Planning and Strategic Support: Advance Tax Relief can offer ongoing tax planning and strategic recommendations to help you stay on top of deduction opportunities, maintain financial stability, and minimize tax liabilities in the long term.</span></p><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><br /></h4><h4 dir="ltr" style="background-color: white; line-height: 1.5; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #1b1b1b; font-family: Montserrat, sans-serif; font-size: 13.5pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Conclusion:</span></h4><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Freelancers and independent contractors face unique tax challenges but have access to a wide range of deductions to help them minimize tax liability and achieve financial stability. By understanding these deductions and partnering with experienced tax relief professionals like </span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Advance Tax Relief, independent professionals can effectively navigate the complex world of freelance tax deductions. Trust in the proven expertise of Advance Tax Relief's dedicated team of tax attorneys and Enrolled Agents to guide you through the tax deduction landscape for freelancers and independent contractors.</span></p><p dir="ltr" style="background-color: white; line-height: 2.16; margin-bottom: 0pt; margin-top: 0pt;"><br /></p><span style="color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Are you in need of </span><a href="https://advancetaxrelief.com/tax-preparation" style="text-decoration-line: none;"><span style="color: #1155cc; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">tax filing help</span></a><span style="color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">? Look no further than Advance Tax Relief LLC. Our experienced tax attorneys and enrolled agents have settled over $100 million dollars of tax debt and are dedicated to finding the best solutions for your tax problems. Contact us today to receive personalized tax filing help and get on the path to financial freedom.</span></span><div><span><span style="color: #5e5e5e; font-family: Montserrat, sans-serif; font-size: 12pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></span></div><div><span><span style="font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"><span style="color: #5e5e5e; font-family: Montserrat, sans-serif;"><b>https://advancetaxrelief.com/f/tax-deductions-for-freelancers-independent-contractors</b></span></span></span></div>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-3492533176549625862023-09-14T12:49:00.001-07:002023-09-14T12:49:28.691-07:00WAGE GARNISHMENT? HERE’S HOW ADVANCE TAX RELIEF CAN ASSIST<p><span style="font-family: Arial, sans-serif; font-size: 13pt; font-weight: 700; white-space-collapse: preserve;">wage garnishment management</span></p><span id="docs-internal-guid-129705f6-7fff-3ad1-2a88-bc7fdf495cd2"><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Being subjected to wage garnishment due to unpaid tax liabilities is an unsettling and frustrating experience. As hard-earned income is directly withheld from your paycheck to cover your outstanding tax debt, it can lead to immense financial hardship and stress.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">The complexity of wage garnishment, which may vary depending on the nature of the debt and the jurisdiction in which you reside, necessitates a comprehensive understanding of the legal framework and the available remedies. It is imperative to know your rights and obligations, as well as the potential consequences of wage garnishment for your financial situation. </span></p><div><span><br /></span></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.facebook.com/photo/?fbid=796497535814069&set=a.521434733320352" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="576" data-original-width="1024" height="180" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjxBtA_mg_7daamhbqcCe1UaSGzl-wsldouhptCCmnp1-msT_VKmnwJDxY3SZASJSQLUXjqfEQ2spPbzq9Cg4ebBkHSmqh-mWodnxsd-4OssoZU5n74Ek6IuGYMyRMvX5Dfu8a-WlV1VHFcKvzikJVdq3p4KenbguXAjj3UPMsZnc7fUotKIX9ZoefviJM/s320/wage-garnishment-tax-help.jpg" width="320" /></a></div><br /><span><br /></span></div><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">With Advance Tax Relief LLC as your trusted guide, we will empower you with the necessary knowledge and provide tailor-made solutions to address your wage garnishment issues. Our services are designed to provide you with effective strategies to deal with wage garnishment, ranging from negotiating with creditors to challenging the garnishment in court.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">The Wage Garnishment Process: How It Works and What to Expect</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Wage garnishment typically begins with a lawsuit. If you owe a debt and have not been making payments, your creditor may file a lawsuit against you. If the court finds in favor of the creditor, they will issue a judgment against you, which allows the creditor to begin the garnishment process. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Garnishment laws vary by state, but generally, creditors must first obtain a court order. Once they have this order, they can instruct your employer to start deducting a portion of your wages until your debt is paid off. Your employer is legally obligated to comply with this order and can face penalties for failing to do so.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">It's important to note that not all types of debt can lead to wage garnishment. Certain debts, like child support, student loans, or taxes, are more likely to result in garnishment. Furthermore, federal law provides some protections for employees. For instance, the maximum amount that can be garnished is typically 25% of your disposable earnings or the amount by which your income exceeds 30 times the federal minimum wage, whichever is less.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Consequences of Wage Garnishment and the Importance of Timely Action</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Wage garnishment can have significant impacts on your financial well-being. It can make it harder to meet your basic living expenses, create added stress, and can even affect your employment status, as some employers may not want to deal with the administrative burden of garnishing wages.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Moreover, wage garnishment can continue until the entire debt is paid off, which can take months or even years in some cases. It also can lead to a vicious cycle of debt as you may have to rely on credit cards or loans to cover your daily expenses, thereby adding to your existing debt.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Given these potential consequences, it's crucial to act swiftly when faced with wage garnishment. You may have the right to challenge the garnishment in court, negotiate with your creditors, or seek other forms of debt relief.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Expert Support Can Make a Difference</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Navigating wage garnishment can be complex and intimidating. But you don't have to face it alone. With expert support, you can create a strategy that effectively addresses wage garnishment.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Debt relief professionals or attorneys can help you understand your rights, explore your options, and represent you in court if necessary. They can also negotiate with your creditors to potentially reduce your debt or set up a payment plan that fits your financial situation.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Moreover, financial advisors can provide guidance on budgeting and money management to help you regain control over your finances and prevent future wage garnishment. They can help you build a financial plan that allows you to pay off your debts while also meeting your daily needs.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">How Advance Tax Relief Can Help You Navigate the Rough Waters of Wage Garnishment</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Navigating the wage garnishment process can be challenging, emotionally taxing, and financially burdensome. However, by understanding the process, recognizing the potential consequences, and partnering with Advance Tax Relief LLC, you can successfully address wage garnishment challenges and take control of your financial destiny.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Rely on the wealth of experience, dedication to client success, and personalized approach of our certified tax professionals to guide you in mitigating the effects of wage garnishment, regaining financial stability, and enjoying a more secure financial future.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxDebtRelief</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxRelief</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxHelp </span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxDebt </span></p><div><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-16103870880355104122023-09-12T13:48:00.002-07:002023-09-12T13:48:20.618-07:00PAYROLL TAX DEBT: UNDERSTANDING THE RISKS AND CONSEQUENCES<p><span style="font-family: Arial, sans-serif; font-size: 13pt; font-weight: 700; white-space-collapse: preserve;">Payroll Calculator</span></p><span id="docs-internal-guid-9e276018-7fff-41d0-fc0f-02eadf29f36c"><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">The complex and often intimidating realm of payroll tax debt is one that many businesses grapple with and often struggle to comprehend. It’s a labyrinth of intricate calculations, legal obligations, and potential pitfalls that can torment even the most financially savvy entrepreneurs. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">This sphere of financial responsibility, if not properly managed, can lead to detrimental implications for your business, such as hefty penalties or even legal consequences. Hence, mastering payroll tax debt becomes not only a financial necessity but also a strategic move toward ensuring business stability and success. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">So, whether you are a seasoned business owner seeking ways to better manage your payroll tax obligations, or a budding entrepreneur keen to understand the nuances of tax laws, this discourse will serve as a comprehensive guide. It will not only enlighten you on the importance of handling payroll tax debt effectively but also highlight the potential risks associated with mismanagement. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">The aim is to equip you, the reader, with the knowledge and tools necessary to transform payroll tax debt from a source of dread into a manageable aspect of your business operations. Let us embark on this journey of mastering payroll tax debt together, fostering a healthier financial future for your business.</span></p><div><span><br /></span></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://www.facebook.com/photo/?fbid=795139132616576&set=a.521434733320352" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="837" data-original-width="1254" height="214" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvOzykH9-6HeBW7tyyFCLSgvXKfaneDAXDsUv8ybMtBG2-pmxuweqpAHlH5LtuNdZapm7RGPV24GySuXWLJywoHjaRKwNB8KubTq44Che4LVHiLLfbW2Xk4M928g35QSHtFoIqCr-sX8RICZccA014-We_PRSl27442phvRcpNlNN4OduImVOxBlUMCvI/s320/payroll-tax-relief-and-small-business-owners-houston-texas.jpg" width="320" /></a></div><br /><span><br /></span></div><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><a href="https://advancetaxrelief.com/f/payroll-tax-debt-understanding-the-risks-and-consequences" style="text-decoration-line: none;"><span style="color: #1155cc; font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">Understanding Payroll Tax Debt</span></a></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Payroll tax debt occurs when a business fails to remit payroll taxes to the Internal Revenue Service (IRS). These taxes include a portion of Social Security and Medicare taxes that employers withhold from their employees' wages, plus the employer's share of these taxes.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Businesses are expected to deposit these taxes periodically with the IRS. However, if they fail to do so, they accrue a debt known as the payroll tax debt. It is essential to understand that the IRS takes payroll tax debt seriously due to the trust fund recovery penalty (TFRP).</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Implications of Payroll Tax Debt</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">The implications of payroll tax debt are profound and far-reaching. First, the IRS imposes penalties and interest on the unpaid tax, causing the debt to grow over time if not addressed promptly. The TFRP allows the IRS to charge responsible parties, such as business owners or officers, personally for the debt. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">In addition to financial implications, payroll tax debt can also tarnish the reputation of the business and its owners or officers. If left unresolved, it could lead to severe consequences, such as the IRS revoking the business's operating license or even initiating criminal proceedings.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Pitfalls of Payroll Tax Debt</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">One of the most significant pitfalls of payroll tax debt is the snowball effect. If a business fails to make its payroll tax deposits, the penalties and interest can quickly cause the debt to balloon. Additionally, the IRS can place a tax lien on the business's property, making it difficult for the business to secure financing or sell its assets.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Another pitfall is that the IRS has broad powers to collect payroll tax debt. This includes the ability to seize assets, garnish wages, and even pursue criminal charges against responsible parties.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Navigating Payroll Tax Debt with Advance Tax Relief</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Given the severity of the implications and potential pitfalls, it's crucial for businesses to take immediate action if they find themselves facing payroll tax debt. This is where advance tax relief comes into play.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Advance tax relief is a suite of services designed to help businesses navigate the complexities of tax debt. These services include negotiating with the IRS, setting up payment plans, and working to reduce or eliminate penalties and interest.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">By leveraging the expertise of a tax relief professional, businesses can navigate the IRS's complex processes and work towards a resolution that safeguards the business's financial health and reputation.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">The Role of Advance Tax Relief in Resolving Payroll Tax Debt</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Understanding and effectively managing payroll tax debt is a critical priority for businesses, as unresolved payroll tax debt can result in severe financial consequences and threaten the viability of your business. By partnering with Advance Tax Relief LLC, you can successfully navigate the complexities of payroll tax debt, implement strategies to resolve outstanding liabilities, and maintain long-term compliance to secure the financial stability of your business.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Trust our certified tax professionals’ extensive experience, dedication to client success, and tailored approach to help you overcome payroll tax debt challenges, cultivate a compliant and financially stable business environment, and safeguard your business's future success.</span></p><br /><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">#TaxRelief</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">#PayrollTaxDebt</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">#Form941</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">#Form940</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">#EmploymentTaxes </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><a href="https://advancetaxrelief.com/payroll-tax-debt-relief">https://advancetaxrelief.com/payroll-tax-debt-relief</a></span></p><div><span style="font-family: Arial, sans-serif; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-56898150827677286892023-08-16T11:09:00.001-07:002023-08-16T11:09:30.910-07:00 NAVIGATING THE IRS FRESH START PROGRAMS: ELIGIBILITY AND BENEFITS <p><span style="font-family: Arial, sans-serif; font-size: 11pt; white-space-collapse: preserve;">The IRS Fresh Start Program, designed to help taxpayers struggling with tax debt and liens, provides a much-needed opportunity to achieve financial relief and secure a fresh start in their tax situation. However, navigating the eligibility criteria, benefits, and application process can prove to be complex and challenging.</span></p><span id="docs-internal-guid-14e9ac8e-7fff-2953-5af7-f36215f07e6f"><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">That's where tax relief professionals like the experts at Advance Tax Relief LLC come in! With a proven track record as one of the best tax resolution companies in Houston, Texas, Advance Tax Relief LLC offers essential support, resources, and guidance to help taxpayers effectively apply for and utilize the IRS Fresh Start Program.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">With our guide, you'll learn about the IRS Fresh Start Program's eligibility requirements, benefits, and application process, empowering you to make informed decisions and take control of your tax situation. We'll also explore the critical role that tax relief professionals like Advance Tax Relief LLC play in successfully navigating the program, offering tailored solutions to help you achieve a favorable outcome and lasting financial relief.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">With a deep understanding of the IRS Fresh Start Program and the expert guidance provided by the team at Advance Tax Relief LLC, you'll be well-equipped to overcome tax debt, resolve tax liens, and secure a fresh start that puts you on the path to a brighter financial future.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://advancetaxrelief.com/f/tax-deductions-for-small-business-owners-essential-information-a" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="400" data-original-width="600" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkBVgG3El-3KHC8I3UVU8CACnrBRgkIVAjvZFnxYq9-5GTDCsud7CiCpjb1ja2NUdj8ITL9RHfpiM8Dsa4N1O9FOyjEtLHhl53MHQq26rXmIIRAxIaY4aKTYJX0vCFW-WIjYwjZTSow1m_EnCS89PfTRJH1diF-s6V6jo8HGivjsUmN_VlDu-NSbvYB1k/s320/fresh-start-tax-relief-houston.jpg" width="320" /></a></div><br /><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span><p></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Understanding the IRS Fresh Start Program</span></h4><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">The IRS Fresh Start Program is a series of initiatives aimed at providing financial relief to taxpayers facing tax debt or liens:</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">1. Individual Payment Plans: The Fresh Start Program offers adjustments to existing payment plans, such as higher debt thresholds and increased payment terms, to help taxpayers pay off their debt in a manageable manner.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">2. Tax Liens: The program has increased the lien-filing threshold, thereby reducing the number of liens filed and providing taxpayers with better access to credit.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">3. Offer in Compromise: The Fresh Start Program has broadened the eligibility criteria for Offers in Compromise, allowing more taxpayers to negotiate and settle outstanding tax debt with the IRS.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Understanding the program's provisions will help you evaluate its suitability for your tax situation.</span></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Eligibility Criteria for the IRS Fresh Start Program</span></h4><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Before applying, taxpayers must determine whether they meet the eligibility criteria:</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">1. Time-Sensitive Filings: Applicants must have filed all required tax returns and be current with estimated tax payments.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">2. Financial Hardship: Taxpayers must demonstrate an inability to pay the full tax liability without incurring financial hardship.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">3. Applicable Tax Debt: The program is open to individual taxpayers facing income tax debt or self-employed individuals with specific types of debt, excluding payroll and trust fund tax liabilities.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Confirming your eligibility for the program is essential to avoid unnecessary complications and </span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">delays.</span></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">The Benefits of Participating in the IRS Fresh Start Program</span></h4><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">By participating in the Fresh Start Program, taxpayers can experience several financial benefits:</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">1. Easier Approval for Installment Agreements: The program allows for streamlined installment agreements, making it easier for taxpayers to set up and maintain payment plans.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">2. Reduction or Removal of Tax Liens: Taxpayers may experience reduced or eliminated tax liens under the Fresh Start Program's updated filing thresholds.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">3. Increased Chance for Offer in Compromise Approval: Broader eligibility criteria increase the likelihood of taxpayers successfully negotiating an Offer in Compromise.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">4. Financial Relief: The overall aim of the program is to provide taxpayers with financial relief while resolving outstanding tax debt.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Maximizing these benefits will enable you to alleviate your tax burden more efficiently.</span></p><br /><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">The Valuable Role of Tax Relief Professionals</span></h4><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Navigating the IRS Fresh Start Program can be challenging. By working with tax relief professionals like Advance Tax Relief LLC, you can enjoy the following benefits:</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">1. Expert Guidance: Tax relief professionals will educate you on the program's provisions, eligibility criteria, and benefits to ensure you make well-informed decisions.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">2. Tailored Solutions: Professionals will develop a customized plan that addresses your unique tax situation and maximizes the financial relief available through the Fresh Start Program.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">3. Assistance with Applications: Advance Tax Relief LLC can help you prepare and submit necessary documents, ensuring your application is accurate and complete.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">4. Ongoing Support: Tax relief professionals will be available throughout the process, providing support and guidance as needed to ensure successful participation and completion of the program.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Enlisting tax relief professionals' help will streamline the application process and improve your chances of successfully utilizing the Fresh Start Program.</span></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Understanding the Basics of the IRS Fresh Start Program</span></h4><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">The IRS Fresh Start Program aims to provide much-needed financial relief to taxpayers struggling with tax debt or liens. By understanding its provisions, eligibility, and benefits, you can determine if the program is suitable for your tax situation. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Tax relief professionals like Advance Tax Relief LLC play a vital role in guiding you through the application process, offering tailored solutions and expert guidance to help you secure a fresh start and lasting financial relief.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Leverage the insights from this comprehensive guide and partner with the</span><a href="https://advancetaxrelief.com/irs-audit-representation" style="text-decoration-line: none;"><span style="color: black; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"> </span><span style="color: #1155cc; font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">certified tax professionals</span></a><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"> from Advance Tax Relief LLC's experienced team to navigate the IRS Fresh Start Program effectively. With a proven track record as one of the best tax resolution companies in Houston, Advance Tax Relief LLC can help you overcome tax debt, resolve tax liens, and set you on the path to a brighter financial future.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Embrace the opportunity for a fresh start and take control of your tax situation with confidence, backed by the expertise and support of knowledgeable tax relief professionals who are committed to your success!</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#FreshStart</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxRelief</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxAttorneys</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">#TaxDebtHelp </span></p><div><span style="font-family: Arial, sans-serif; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-38993824103480644112023-07-12T19:55:00.001-07:002023-07-12T19:55:58.215-07:00 Post-Divorce Tax Debt: Payment Plans and Relief Options<p><span style="color: #0e101a; font-family: Arial; font-size: 11pt; white-space-collapse: preserve;">The difficult and emotional process of being divorced can have a big effect on your financial condition. Tax debt is one of the most important problems that might develop following a divorce. </span></p><span id="docs-internal-guid-4ae8d367-7fff-8041-ec3b-dde64fde09e2"><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Unpaid taxes due by one or both spouses before or during the marriage are a common cause of tax debt. This can have severe financial repercussions--such as wage garnishment, levies, and liens--if it is ignored. </span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">However, there are several payment plans and relief options available to help you manage your post-divorce tax debt.</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">This article explores the various payment plans and relief options available to manage post-divorce tax debt and avoid potential financial consequences.</span></p><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></p><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGXgBaa7c_FJ-NXIlVFjnP_OU9tlhbOBxTPxn_69-WQEXJG-ZTc5dj6c15xk8qXjvePu67ne0CS5SBtr81OHZitSHY-naj2zFuoCfEMf6D-RvURHFGaxOyj-P7w5o8T71rDzBNU-r5pWq7TmjwO4nirtCFoB5PXDCBV2bIHyutk-cOAgINe584c3Zigoc/s612/Tax-Debt-Relief-Attoneys-In-Houston.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="408" data-original-width="612" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGXgBaa7c_FJ-NXIlVFjnP_OU9tlhbOBxTPxn_69-WQEXJG-ZTc5dj6c15xk8qXjvePu67ne0CS5SBtr81OHZitSHY-naj2zFuoCfEMf6D-RvURHFGaxOyj-P7w5o8T71rDzBNU-r5pWq7TmjwO4nirtCFoB5PXDCBV2bIHyutk-cOAgINe584c3Zigoc/s320/Tax-Debt-Relief-Attoneys-In-Houston.jpg" width="320" /></a></div><br /><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span><p></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Payment Plans</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">One of the most common ways to address tax debt is through a payment plan. A payment plan is an agreement between you and the IRS to pay your tax debt in installments over time. </span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">The IRS offers several payment plan options, including the following:</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Installment Agreement</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">You can pay off your tax obligation using an installment agreement, which is a payment schedule that lets you make monthly payments. This plan is available to taxpayers who owe less than $50,000 in tax debt and can pay off the balance within six years. </span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">To qualify:</span><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"> You must be current on all tax returns and have no outstanding tax debt from previous years.</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Partial Payment Installment Agreement</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">You can pay off a portion of your tax bill over time with a partial payment installment agreement. This plan is available to taxpayers who owe more than $50,000 in tax debt and cannot pay off the balance within six years. </span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">To qualify:</span><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"> You must provide financial information to the IRS to prove that you cannot pay the full amount owed.</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Offer in Compromise</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">A settlement agreement known as an "offer in compromise" enables you to pay a smaller portion of your tax liability to the IRS. This plan is available to taxpayers who cannot afford to pay their entire tax debt and meet certain eligibility requirements. </span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">To qualify:</span><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"> You must provide financial information to the IRS to prove that you cannot pay the total amount owed.</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Relief Options</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">In addition to payment plans, there are several relief options available to help you manage your post-divorce tax debt. These options include the following:</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">1. Innocent Spouse Relief</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">You may be qualified for innocent spouse relief if you and your spouse jointly filed a tax return while you were married. </span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">If your spouse neglected to declare income, reported income incorrectly, or unknowingly claimed erroneous deductions or credits, you may be eligible for innocent spouse relief, which can relieve you of your tax liability.</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">2. Currently Not Collectible</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">If you are unable to pay your tax debt due to financial hardship, you may be eligible for currently not collectible status. Currently not collectible status allows you to temporarily stop making payments on your tax debt without facing penalties or interest. </span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">You need to show the IRS that you are financially unable to pay your tax bill in order to be granted currently not collectible status.</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">3. Bankruptcy</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">In some cases, filing for bankruptcy may be a viable option for managing your post-divorce tax debt. Bankruptcy can help you eliminate or reduce your tax debt, but it can also have long-term financial consequences. </span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">It's crucial to speak with a bankruptcy lawyer before declaring bankruptcy to be sure it's the best course of action for you.</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space-collapse: preserve;">Conclusion</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">If you are struggling with post-divorce tax debt, it is important to take action as soon as possible to avoid penalties and interest. Assess the best course of action for your circumstance by speaking with a tax expert or lawyer. </span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">With the right plan in place, you can take control of your finances and move forward with confidence.</span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><a href="https://advancetaxrelief.com/offer-in-compromise-1" style="text-decoration-line: none;"><span style="color: #4a6ee0; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space-collapse: preserve;">Tax debt programs</span></a><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"> can help alleviate the stress that comes with tax problems. At Advance Tax Relief LLC, our tax attorneys in Houston, Texas, are well-equipped to assist you with filing back taxes and resolving your tax debt. </span></p><br /><p dir="ltr" style="line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt;"><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;">Don't let tax problems continue to weigh you down. Contact us today to learn more!</span></p><div><span style="color: #0e101a; font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space-collapse: preserve;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-79872502538612397842023-07-12T19:27:00.002-07:002023-07-12T19:27:29.543-07:00 The 3 Kinds of IRS Letters You’ll Get and How to Respond<p>Regarding taxes, the IRS is known for sending letters to taxpayers for various reasons. These letters can be intimidating and confusing, but it's essential to understand what they mean and how to respond to them, especially if you have a chance at hiring a tax relief service. You may receive three IRS letters: CP501/CP503, CP504, and LT11. Each one serves a different purpose, and the actions you take in response to them will differ significantly. </p><p><br /></p><p>The CP501 or CP503</p><p><br /></p><p>These letters are typically sent when you have a balance due on your tax return. The CP501 is sent as a reminder to pay your taxes, while the CP503 is sent as a final notice before the IRS takes action to collect the debt. If you receive a CP501 or CP503, you should act immediately. Ignoring these letters can lead to more severe consequences, such as wage garnishment or the seizure of assets.</p><p><br /></p><p>To respond to a CP501 or CP503, you should first review your tax return and confirm that the amount owed is accurate. If you believe there is an error, you can dispute it with the IRS. If the amount owed is correct, you should pay it immediately. The IRS offers various payment options, including payment plans and online payments. You should contact the IRS to discuss your options if you cannot pay the full amount owed. They may be able to offer a payment plan or other arrangements to help you pay the debt over time. </p><p><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVw_qkC7bsR0JX7oC845iCWSCHaMGG2s4FtOCcM8p5KIcevgUmUjqE7hHUvri25Ufm2nfUc7OkBSRmJtxCfWnCkZ5pCV7O050i5XST7hdJvSPHpapm5Br69cAdQMI1hJ9Nin5zULagdTWlhysdqHOe564JktHVZEOshLuVwwdfv3ex3uWjzMNn2XQ1u38/s1015/back-taxes-and-IRS-relief-help.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="540" data-original-width="1015" height="211" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVw_qkC7bsR0JX7oC845iCWSCHaMGG2s4FtOCcM8p5KIcevgUmUjqE7hHUvri25Ufm2nfUc7OkBSRmJtxCfWnCkZ5pCV7O050i5XST7hdJvSPHpapm5Br69cAdQMI1hJ9Nin5zULagdTWlhysdqHOe564JktHVZEOshLuVwwdfv3ex3uWjzMNn2XQ1u38/w398-h211/back-taxes-and-IRS-relief-help.jpg" width="398" /></a></div><br /><p><br /></p><p>The CP504</p><p><br /></p><p>This letter is sent when you have a balance due, and the IRS intends to levy your assets to collect the debt. The CP504 is a final notice before the IRS takes action, so acting quickly is essential. If you receive a CP504, you should immediately review your tax return and ensure that the amount owed is accurate. If there is an error, you can dispute it with the IRS. If the amount owed is correct, you should pay it immediately.</p><p><br /></p><p>To respond to a CP504, you should contact the IRS immediately. You may be able to negotiate a payment plan or other arrangements to avoid asset seizure, like enlisting the help of tax relief services. It's essential to communicate with the IRS and make arrangements as soon as possible to avoid further consequences. If you ignore the CP504, the IRS may seize your assets, including bank accounts and property.</p><p><br /></p><p>The LT11</p><p><br /></p><p>This letter is sent when the IRS has not received your tax return and has no record that you filed one. The LT11 is a notice that the IRS intends to assess a tax liability based on their estimate of your income. If you receive an LT11, you should act quickly to avoid additional penalties and interest.</p><p><br /></p><p>To respond to an LT11, you should review your records and ensure you have not filed your tax return. If you have filed your tax return, you should provide proof of filing to the IRS. You should do so if you have not filed your tax return as soon as possible. Filing your tax return will help avoid additional penalties and interest. Communicating with the IRS and promptly providing any necessary information to avoid further consequences is essential.</p><p><br /></p><p>Get Advanced Tax Relief Today</p><p><br /></p><p>Each letter serves a different purpose, and your response to them will differ significantly. Act quickly, communicate with the IRS, and arrange to pay any amounts owed are essential. Ignoring these letters can lead to more severe consequences, such as asset seizure or wage garnishment. By understanding these letters and responding promptly, you can avoid additional penalties and interest and resolve any tax liabilities with the IRS.</p><p><br /></p><p>Our tax attorneys and Enrolled Agent (EA) team have a combined experience of 30 years and have successfully settled over 100 million dollars of tax debt. We comprehend that managing tax problems and filing back taxes can be distressing and daunting, so we are here to help. Advance Tax Relief has earned a reputation as one of the top tax resolution firms in Houston, Texas. Call us for tax relief services now!</p>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-65510109894119395822023-06-27T17:21:00.000-07:002023-06-27T17:21:05.041-07:00IRS TAX DEBT LIENS - WHAT YOU NEED TO KNOW ABOUT THE STATUTE OF LIMITATIONS <p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">In case you haven’t heard, the Internal Revenue Service (IRS) is responsible for collecting taxes from individuals and businesses in the United States. When a taxpayer fails to pay their taxes, the IRS may place a tax lien on their property as a way of securing payment. A tax lien is a legal claim on a taxpayer's property, including real estate, personal property, and financial assets. </span></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Now, taxpayers like yourself may often wonder if IRS tax liens ever expire, and if so, when. Read on to discover more about the expiration of IRS tax liens today.</span></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://www.facebook.com/photo/?fbid=743926611071162&set=a.521434733320352" imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="464" data-original-width="800" height="186" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLg5GaCD8-NSXy-UYKEdxES7E-kWsuXE4wKVfFvJoK3zthIeqk1OHM2tpGNbyrnrGOKZEvQToIzTwb3o3dpv6ATXKXDEegjdQv5teJygfOuXPBKNTXN2IPXquNYCO8o2mhscgHqi0PLB4K07se7ErokQZydSL2GWgOQyZlmgOvzX-OFnJ_LLSoVhUPNPI/s320/Tax-Debt-Lien-Help.webp" width="320" /></a></div><br /><b style="font-weight: normal;"><br /></b><p></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">What is an IRS Tax Lien?</span></p><p><b style="font-weight: normal;"><br /></b></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">An IRS tax lien is a legal claim on a taxpayer's property that arises when the taxpayer fails to pay their tax liability. The tax lien attaches to all of the taxpayer's property, including real estate, personal property, and financial assets. The lien serves as a way for the IRS to secure payment of the taxpayer's tax debt. Once a tax lien is filed, the taxpayer's credit score may be negatively affected, and they may have difficulty obtaining credit or loans.</span></p><p><b style="font-weight: normal;"><br /></b></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">The Duration of IRS Tax Liens</span></p><p><b style="font-weight: normal;"><br /></b></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Once a tax lien is filed, it remains in place until the taxpayer pays their tax debt in full or the lien is released. However, the IRS may release a tax lien if the taxpayer meets certain conditions. These conditions may include:</span></p><p><b style="font-weight: normal;"><br /></b></p><ul style="margin-bottom: 0; margin-top: 0; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Payment in Full:</span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"> If the taxpayer pays their tax debt in full, the IRS will release the tax lien within 30 days.</span></p></li></ul><p><b style="font-weight: normal;"><br /></b></p><ul style="margin-bottom: 0; margin-top: 0; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Offer in Compromise:</span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"> If the taxpayer reaches an agreement with the IRS to settle their tax debt for less than the full amount owed, the IRS may release the tax lien.</span></p></li></ul><p><b style="font-weight: normal;"><br /></b></p><ul style="margin-bottom: 0; margin-top: 0; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Withdrawal: </span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">The IRS may withdraw a tax lien if it was filed in error, the taxpayer enters into a payment agreement with the IRS, or the IRS determines that withdrawing the lien will facilitate the collection of the tax debt.</span></p></li></ul><p><b style="font-weight: normal;"><br /></b></p><ul style="margin-bottom: 0; margin-top: 0; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Expiration of the Statute of Limitations:</span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"> The IRS has 10 years from the date the tax liability is assessed to collect the tax debt. Once the 10-year period has expired, the tax debt is no longer enforceable, and the tax lien will be released.</span></p></li></ul><p><b style="font-weight: normal;"><br /></b></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Impact of IRS Tax Liens on Credit Scores</span></p><p><b style="font-weight: normal;"><br /></b></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">When the IRS files a tax lien against a taxpayer, it becomes a matter of public record. This means that the tax lien will appear on the taxpayer's credit report and may negatively impact their credit score. The presence of a tax lien on a credit report may make it more difficult for the taxpayer to obtain credit or loans. However, once the tax lien is released, the taxpayer's credit score may improve.</span></p><p><b style="font-weight: normal;"><br /></b></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Options for Dealing with IRS Tax Liens</span></p><p><b style="font-weight: normal;"><br /></b></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Taxpayers who have a tax lien filed against them have several options for dealing with the lien. These options may include:</span></p><p><b style="font-weight: normal;"><br /></b></p><ul style="margin-bottom: 0; margin-top: 0; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Paying the Tax Debt in Full:</span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"> If the taxpayer has the means to pay their tax debt in full, they should do so as soon as possible. Once the tax debt is paid in full, the IRS will release the tax lien within 30 days.</span></p></li></ul><p><b style="font-weight: normal;"><br /></b></p><ul style="margin-bottom: 0; margin-top: 0; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Offer in Compromise: </span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">If the taxpayer cannot afford to pay their tax debt in full, they may be able to reach an agreement with the IRS to settle their debt for less than the full amount owed. This is known as an offer in compromise.</span></p></li></ul><p><b style="font-weight: normal;"><br /></b></p><ul style="margin-bottom: 0; margin-top: 0; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Installment Agreement: </span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Taxpayers who cannot afford to pay their tax debt in full may be able to enter into an installment agreement with the IRS. Under this arrangement, the taxpayer makes monthly payments to the IRS until the tax debt is paid in full.</span></p></li></ul><p><b style="font-weight: normal;"><br /></b></p><ul style="margin-bottom: 0; margin-top: 0; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; list-style-type: disc; text-decoration: none; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Consulting with a Tax Professional: </span><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Taxpayers who are unsure of how to deal with a tax lien should consider consulting with a tax professional. A tax professional can help the taxpayer understand their options and navigate the complex tax laws and regulations.</span></p></li></ul><p><b style="font-weight: normal;"><br /></b></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Conclusion</span></p><p><b style="font-weight: normal;"><br /></b></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Now that you finally understand more about IRS tax liens, you can know better and do better. It’s also worth noting that taxpayers who have a tax lien filed against them should consider consulting with a tax professional to understand their options and navigate the complex tax laws and regulations.</span></p><p><b style="font-weight: normal;"><br /></b></p><p dir="ltr" style="line-height: 1.3800000000000001; margin-bottom: 0pt; margin-top: 0pt; text-align: justify;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Do you need help with </span><a href="https://advancetaxrelief.com/irs-tax-liens" style="text-decoration: none;"><span style="-webkit-text-decoration-skip: none; background-color: transparent; color: #1155cc; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration-skip-ink: none; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">federal tax liens release</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">? Advance Tax Relief LLC is here to help you with three decades of expertise and experience in tax law. Work with us today!</span></p><p><br /><br /></p>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-39986704386224073592023-05-25T09:38:00.002-07:002023-05-25T09:38:22.741-07:00 BREAKING DOWN THE BASICS OF TAX RELIEF <p><span style="font-size: 16pt; white-space: pre-wrap;">Taxes are an inevitable part of life, but sometimes, they can become a burden too heavy to bear. In these situations, tax relief programs can provide much-needed assistance to taxpayers who are struggling to meet their tax obligations. </span></p><span id="docs-internal-guid-01edbede-7fff-a51f-2d06-40e83563e0b4"><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Understanding the basics of tax relief, how it works, and the different programs available can provide taxpayers with the knowledge needed to navigate the complex world of tax relief options.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><a href="https://advancetaxrelief.com/our-tax-relief-services" style="text-decoration-line: none;"><span style="color: #1155cc; font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Defining Tax Relief:</span></a><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> What Does It Mean for Taxpayers?</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Tax relief, in simple terms, refers to a reduction in the amount of taxes owed by an individual or business. It can come in the form of deductions, credits, or exemptions, and can be applied to various types of taxes, such as income, property, or sales taxes.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Tax relief programs are designed to alleviate the financial burden of taxpayers who are experiencing economic hardship or are unable to pay their taxes due to specific circumstances. These programs are typically administered by the government or tax agencies, such as the Internal Revenue Service (IRS) in the United States.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">How Exactly Does Tax Relief Work?</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Tax relief programs work by either reducing the amount of taxes owed, allowing for a delay in payment, or offering a compromise where the taxpayer pays a lesser amount than what is originally owed. To qualify for tax relief, taxpayers must meet specific eligibility criteria set by the tax agency. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">These criteria may include income level, financial hardship, or specific circumstances surrounding the tax debt. Once a taxpayer is deemed eligible, the tax agency will work with them to determine the most appropriate relief program and set up a plan for repayment or settlement.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Different Tax Relief Programs</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">1. Offer in Compromise (OIC)</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">An Offer in Compromise (OIC) is a program that allows taxpayers to settle their tax debts for less than the full amount owed. The IRS considers OICs when there is doubt regarding the taxpayer's ability to pay the full amount owed, or when doing so would create financial hardship. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">To apply for an OIC, taxpayers must submit a detailed financial statement, along with an offer to pay a specific amount to settle the debt. The IRS will then evaluate the offer and decide whether to accept or reject it based on the taxpayer's financial situation and ability to pay.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">2. Currently-Not-Collectible (CNC) Status</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Currently-Not-Collectible (CNC) status is a temporary reprieve granted to taxpayers who are unable to pay their tax debts due to economic hardship. When a taxpayer is placed in CNC status, the IRS will temporarily halt all collection activities, including levies, liens, and garnishments. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">However, it's important to note that interest and penalties will continue to accrue during this time. To qualify for CNC status, taxpayers must provide financial information to the IRS, demonstrating their inability to pay the tax debt.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">3. IRS Installment Agreement</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">An IRS Installment Agreement is a payment plan that allows taxpayers to pay their tax debts in smaller, more manageable monthly installments. This option is suitable for taxpayers who can't pay their taxes in full but can afford to make smaller payments over time. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The IRS offers several types of installment agreements, including short-term and long-term plans, as well as streamlined agreements for smaller tax debts. To set up an installment agreement, taxpayers must submit a request to the IRS and provide financial information to determine the appropriate payment plan.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">4. Penalty Abatement</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Penalty abatement is a form of tax relief that involves the reduction or removal of penalties associated with tax debts. Taxpayers may qualify for penalty abatement if they can demonstrate reasonable cause for their failure to meet tax obligations, such as a natural disaster, serious illness, or other unforeseen circumstances. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">To request penalty abatement, taxpayers must submit a written statement to the IRS, explaining the circumstances that led to the failure to meet tax obligations and providing supporting documentation.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The Bottom Line</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you are struggling to pay your tax debt, consider consulting with a tax professional who can help you navigate the tax relief process and determine the most suitable course of action.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you’re dealing with IRS tax issues, don’t hesitate to contact Advance Tax Relief LLC. Our experienced tax relief attorneys and enrolled agents are here to help you get the best resolution for your situation. Contact us today to learn more about how we can help you!</span></p><div><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-29723992015662201192023-05-03T13:46:00.001-07:002023-05-03T13:46:07.810-07:00 HOW A BANK LEVY WORKS AND YOUR OPTIONS: PART 2 <p><span style="font-family: Arial; font-size: 13pt; white-space: pre-wrap;">Welcome back to Part 2 of our series on bank levies. In Part 1, we discussed a bank levy and how it works. This article will review the steps to avoid a bank levy and what you can do if a levy has already been placed on your account.</span></p><span id="docs-internal-guid-f827f221-7fff-1f01-da33-34fcfaf08c0e"><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Preventing a bank levy is the best course of action. Here are some steps to avoid a bank levy:</span></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Pay Your Taxes</span></h4><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">A bank levy is often imposed due to unpaid taxes. To avoid this, paying your taxes on time to the IRS or your state is important. You can opt for a payment plan if you cannot pay in full. This will prevent the IRS from taking other actions like wage garnishments or liens.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilGFjm73cdxMiHGjQkTqD57uNMfULdH7LrGC2RRf6suh-0jHwR1Tj0c_IZMnVDEg-aJQozgMPQawOzeRTip8IxDCCKWEMIM_ftJTDHvbTFaEM-tbOOrt-e8Gd1fE8iwZg3AFcTng-DawGHy5ouzFBE4QJ-H-JYcqjrcLUTo1pSkVXX2vmUTBU_TLfB/s1070/bank%20levy.jpeg.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="612" data-original-width="1070" height="183" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilGFjm73cdxMiHGjQkTqD57uNMfULdH7LrGC2RRf6suh-0jHwR1Tj0c_IZMnVDEg-aJQozgMPQawOzeRTip8IxDCCKWEMIM_ftJTDHvbTFaEM-tbOOrt-e8Gd1fE8iwZg3AFcTng-DawGHy5ouzFBE4QJ-H-JYcqjrcLUTo1pSkVXX2vmUTBU_TLfB/s320/bank%20levy.jpeg.png" width="320" /></a></div><br /><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span><p></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Respond to Creditor Notices</span></h4><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Your creditor might send you notices regarding missed payments, late fees, or other issues with your account. Responding to these notices promptly and addressing the issue at hand is important. Ignoring these notices can lead to further collection actions like legal action or debt collection agencies getting involved.</span></p><br /><br /><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">NEED HELP WITH AN OFFER IN COMPROMISE, TAX DEBT HELP, TAX PREPARATION, AUDIT REPRESENTATION OR STOP WAGE GARNISHMENTS</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">ADVANCE TAX RELIEF LLC</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Call (713)300-3965</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><a href="https://advancetaxrelief.com/irs-bank-levy" style="text-decoration-line: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">https://advancetaxrelief.com/irs-bank-levy</span></a></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">BBB A+ RATED</span></p><br /><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Keep a Low Balance</span></h4><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Managing finances can be tricky, especially when you have a history of unpaid debts or tax liabilities. In such a scenario, keeping your bank account balance low can be a smart move to avoid further financial troubles.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">One approach to do this is by setting up automatic payments for your bills and expenses. This ensures that your payments are made on time and reduces the risk of late payments. Consider reducing your expenses and cutting back on unnecessary purchases to help keep your balance low.</span></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Use Exemptions</span></h4><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Certain funds in your bank account may be exempt from levy depending on your state. For example, some states exempt Social Security, disability, and unemployment benefits. If you receive these benefits, inform your bank and provide the necessary documentation to claim the exemption.</span></p><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">What to Do If a Bank Levy Has Been Placed on Your Account?</span></h4><ol style="margin-bottom: 0; margin-top: 0; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: decimal; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 12pt;"><span style="font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Verify the levy:</span><span style="font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> Make sure the levy is valid. The IRS or creditor must follow specific procedures before placing a levy on your account. They must send you a notice of intent to levy, give you time to respond and obtain a court order. If they do not follow these procedures, you can challenge the levy.</span></p></li><li aria-level="1" dir="ltr" style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: decimal; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Contact the creditor or IRS: </span><span style="font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Once you verify the levy, contact the creditor or IRS to resolve the issue. You can negotiate a payment plan, settle the debt, or request a levy release. You may qualify for a hardship release if you are facing financial hardship.</span></p></li><li aria-level="1" dir="ltr" style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: decimal; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Claim exemptions:</span><span style="font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> If you believe you qualify for an exemption, inform your bank and provide the necessary documentation. The bank will release the exempt funds, and the creditor or IRS can only levy the remaining balance.</span></p></li><li aria-level="1" dir="ltr" style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: decimal; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="line-height: 1.38; margin-bottom: 12pt; margin-top: 0pt;"><span style="font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Appeal the levy:</span><span style="font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> If you disagree, you can appeal the decision. The IRS or creditor must provide you with the appeal procedures. You can also request a collection due process hearing or file a lawsuit in court.</span></p></li></ol><h4 dir="ltr" style="line-height: 1.38; margin-bottom: 2pt; margin-top: 12pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Final Thoughts</span></h4><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">A bank levy can be a stressful and challenging situation. However, by taking the steps mentioned above, you can avoid a bank levy or resolve the issue if a levy has been placed on your account. By taking these steps, you can protect your assets and financial future.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Protect your hard-earned money from bank levies with Advance Tax Relief LLC. Our experienced tax professionals offer customized solutions to help you</span><a href="http://www.advancetaxrelief.com" style="text-decoration-line: none;"><span style="color: black; font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> </span><span style="color: #1155cc; font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">avoid bank levies</span></a><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> and resolve tax issues. Contact us now for a free consultation and regain control of your finances.</span></p><br /><br /><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Seeking professional help when handling back taxes can help you avoid the discussed errors. At Advance Tax Relief, we offer specialized tax resolution services to help you deal with IRS debt.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Our experts can help rectify erroneous tax bills and guide you in picking a suitable repayment program. Contact us today (713)300-3965 for back tax filing and tax relief services.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Advance Tax Relief is rated one of the best tax relief companies nationwide.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#BankLevyRelief</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#FinancialFreedom</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#StopBankLevy</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxRelief</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#NoMoreLevy</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#SaveOurSavings</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#MoneyMatters</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#FinancialRelief</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#EndLevyBurden</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#SupportBankLevyReform</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#ProtectOurFinances</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#LowerTheLevy</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#BankLevyJustice</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#FairTaxation</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#StopFinancialStrain</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#ReduceLevyPressure</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#BankLevyReform</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#EconomicEmpowerment</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#StopExcessiveLevy</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#StandAgainstLevy</span></p><div><span style="font-family: Arial; font-size: 13pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-36540528424029376222023-04-09T16:35:00.001-07:002023-04-09T16:35:14.105-07:00 Tax Debt Relief: 9 Proven Strategies to Settle Tax Debt<p><span style="font-family: Arial; font-size: 11pt; white-space: pre-wrap;">Tax Debt</span></p><span id="docs-internal-guid-81e9eae8-7fff-eae3-51b4-5250f724f37c"><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> </span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Did you know that the average American taxpayer owes around $8,400 in tax debt? Tax debt is a financial burden that affects millions of citizens. If not addressed, it can lead to serious consequences such as wage garnishments, bank levies, and even property seizures. The good news is that there are various strategies available to help you settle your tax debt and regain control over your finances. </span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">In this article, we'll discuss ten proven strategies to help you find tax debt relief and get back on track financially.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">1. Assess Your Financial Situation</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Before you can begin to address your tax debt, you must first have a clear understanding of your current financial situation. Gather all of your financial records, including income, expenses, assets, and liabilities, and create a comprehensive budget to identify areas where you can potentially reduce spending and allocate funds towards paying off your tax debt.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9GX8M4NqchC1ftgvTZrHAn1O0hxACfOsIdztHv8H6IpvM7imBDwj5M9me7B5VQ-IgoNxd4NPbC5vsGjrHChIXKBgF5131qR0G148w5Tx_9g8m8B26rk8gT6hylgAcaR3rDynLdHnZODD2jnTr-d3yvSOZx0hhkvmJZYQyLqXDbwJyghc66Qp1Bzz/s1280/tax-notice-and-debt-relief-attorneys-in-houston.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="860" data-original-width="1280" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9GX8M4NqchC1ftgvTZrHAn1O0hxACfOsIdztHv8H6IpvM7imBDwj5M9me7B5VQ-IgoNxd4NPbC5vsGjrHChIXKBgF5131qR0G148w5Tx_9g8m8B26rk8gT6hylgAcaR3rDynLdHnZODD2jnTr-d3yvSOZx0hhkvmJZYQyLqXDbwJyghc66Qp1Bzz/s320/tax-notice-and-debt-relief-attorneys-in-houston.jpeg" width="320" /></a></div><br /><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span><p></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">2. File and Pay Your Taxes on Time</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The first and most important step in resolving tax debt is to file and pay your taxes on time. Late filings and payments can lead to penalties, interest, and an increased amount of debt. Stay current with your tax filings and work with a tax professional to ensure you are taking advantage of any deductions and credits available to you.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">3. Seek Professional Help</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If your tax debt is overwhelming or complicated, it's a good idea to seek the help of a tax professional, such as an enrolled agent, certified public accountant, or tax attorney. These professionals can help you navigate the complex tax code, find potential deductions and credits, and negotiate with the IRS on your behalf.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">4. Set Up an Installment Agreement</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">An installment agreement is a payment plan that allows you to pay off your tax debt in smaller, manageable monthly payments. You can apply for an installment agreement online or by submitting Form 9465, "Installment Agreement Request." Keep in mind that interest and penalties will proceed to accrue on your outstanding balance until it's paid in full.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">5. Apply for an Offer in Compromise</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">An Offer in Compromise (OIC) is a settlement agreement between you and the IRS, in which the IRS accepts less than the entire amount of your tax debt. This option is typically reserved for individuals who can demonstrate financial hardship and prove that paying the full tax debt would create a significant burden. To qualify for an OIC, you must prove that you cannot pay the full tax debt due to financial hardship, and the IRS must determine that accepting the offer is in the government's best interest. You can apply for an OIC using Form 656, "Offer in Compromise."</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">6. Request a Collection Due Process Hearing</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you disagree with the IRS's assessment of your tax debt or believe that the collection actions taken against you are unjust, you can request a Collection Due Process (CDP) hearing. During the hearing, you can present your case to an impartial IRS appeals officer, who will review your situation and make a determination. To request a CDP hearing, you'll need to submit Form 12153, "Request for a Collection Due Process or Equivalent Hearing."</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">7. Request a Penalty Abatement</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The IRS may be willing to waive or reduce certain penalties associated with your tax debt if you can demonstrate reasonable cause for failing to meet your tax obligations. Common reasons for penalty abatement include illness, natural disasters, or other significant life events that were beyond your control. To request penalty abatement, you'll need to submit Form 843, "Claim for Refund and Request for Abatement," along with a written explanation of your situation.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">8. Apply for "Currently Not Collectible" Status</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you can prove that paying your tax debt would cause undue financial hardship, the IRS may grant you "currently not collectible" (CNC) status. While in CNC status, the IRS will temporarily halt collection actions against you. However, interest and penalties will continue to amass on your tax debt, and the IRS may reevaluate your financial situation in the future.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">9. File for a Bankruptcy</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">While bankruptcy should be considered a last resort, it may provide relief from certain tax debts. Chapter 7 bankruptcy can potentially discharge income tax debts, while Chapter 13 bankruptcy can provide a structured repayment plan for your tax debt. Keep in mind that bankruptcy has long-lasting consequences on your credit and financial future, so consult with a bankruptcy attorney to determine if this is the right thing to do depending on your current situation.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Conclusion</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">There are many strategies available for tax debt relief. The key is understanding your options and choosing the best strategy for your situation. With the right approach, you can settle your tax debt and get back on the road to financial stability.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Are you in search of a dependable tax relief service that can assist you in resolving your tax debt? Then, look no further than Advance Tax Relief LLC located in Houston, Texas! As one of the top-performing tax resolution companies, we offer the most suitable tax resolution services to meet your business requirements. Our skilled team of tax relief attorneys is prepared to assist you in resolving your tax debt and helping your business thrive. Let us help you take the first step towards financial freedom! Contact us today to get started!</span></p><div><span style="font-family: Arial; font-size: 11pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-27611668662160671072023-04-03T20:11:00.002-07:002023-04-03T20:11:52.729-07:00What to Do When You Receive a Tax Letter or Notice<p> <span style="color: #0e101a;">Receiving a tax letter or
notice from the Internal Revenue Service (IRS) can be overwhelming and
stressful. It's important to understand that receiving a notice doesn't
necessarily mean you've done something wrong.</span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">The IRS sends notices for
various reasons, including requesting additional information, notifying you of
a change to your tax return, or alerting you to a potential issue. In this
article, we'll discuss the steps you should take when you receive a tax letter
or notice.<o:p></o:p></span></p>
<p class="normal"><br /></p>
<p class="normal"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: #0e101a;">Step 1: Read the Notice Carefully<o:p></o:p></span></b></p>
<p class="normal"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></b><span style="color: #0e101a;">It's essential to
understand the reason for the notice and what action the IRS is requesting from
you. The notice will include specific instructions on how to respond, including
deadlines and where to send the information.</span></p>
<p class="normal"><br /></p>
<p class="normal"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: #0e101a;">Step 2: Gather Documents and Information</span></b><b><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></b></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">Once you understand the
reason for the notice, gather all the necessary documents and information. This
could include tax returns, receipts, bank statements, and any other
documentation related to the issue. Make sure you organize the documents and
have them readily available when you're ready to respond to the notice.<o:p></o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdJxOOxdCGIqRT_rmMXnmfs-1VsSnugG30RII-Wxz-9_qaavAn32Vv5fqkMaEgqvnxyNuJ1cW-rMkCk5RS5sN_xOUnuP3nHC70Q5c_4hBZo_T-XeNn1FQw14Maqm9P7mnSNEx8E3C4tVb4P9fS4I3wmCRs-vTIOfe4yzEH0UgzEDhJQEv52DRua3wZ/s1280/tax-notice-and-debt-relief-attorneys-in-houston.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="860" data-original-width="1280" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdJxOOxdCGIqRT_rmMXnmfs-1VsSnugG30RII-Wxz-9_qaavAn32Vv5fqkMaEgqvnxyNuJ1cW-rMkCk5RS5sN_xOUnuP3nHC70Q5c_4hBZo_T-XeNn1FQw14Maqm9P7mnSNEx8E3C4tVb4P9fS4I3wmCRs-vTIOfe4yzEH0UgzEDhJQEv52DRua3wZ/s320/tax-notice-and-debt-relief-attorneys-in-houston.jpeg" width="320" /></a></div><br /><p></p>
<p class="normal"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: #0e101a;">Step 3: Respond to the Notice</span></b></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">The next step is to respond
to the notice promptly. The IRS will typically provide a deadline for your
response, so meeting that deadline is essential. If you need more time, you can
request an extension by contacting the IRS.</span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">When responding to the
notice, make sure you follow the instructions carefully. Provide only the
information requested and nothing more. If you're unsure about something, seek
the advice of a tax professional.<o:p></o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></p>
<p class="normal"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: #0e101a;">Step 4: Keep a Copy of Your Response</span></b></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">After you've responded to
the notice, make sure to keep a copy of your response and any supporting
documentation. You may need this information in the future in case the IRS
requests additional information or if you need to dispute any changes made to
your tax return.<o:p></o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></p>
<p class="normal"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: #0e101a;">Step 5: Pay Any Amounts Owed</span></b></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">If the notice indicates
that you owe additional taxes, make sure to pay that amount promptly. If you're
unable to pay the full amount, contact the IRS to discuss payment options, such
as an installment agreement.<o:p></o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></p>
<p class="normal"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: #0e101a;">Step 6: Dispute the Notice if Necessary</span></b></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">If you disagree with the
notice, you have the right to dispute it. The notice will include instructions
on how to dispute the notice, including the deadline for filing a dispute.</span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">You can also seek a tax
professional's advice to help dispute the notice. They can help you understand
the notice and provide guidance on how to respond. They can also help you
navigate the tax system and ensure that you're in compliance with all tax laws
and regulations. <o:p></o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></p>
<p class="normal"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: #0e101a;">Step 7: Take Preventative Measures</span></b></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">Receiving a tax notice can
be stressful, but there are steps you can take to prevent issues in the future.
Make sure to keep accurate and detailed records of all financial transactions,
including income, expenses, and deductions. Keep receipts, invoices, and bank
statements organized and easily accessible. <o:p></o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">If you're self-employed,
make sure to pay estimated taxes throughout the year to avoid owing a large
amount at tax time. By taking preventative measures, you can reduce the
likelihood of receiving a tax notice in the future.<o:p></o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></p>
<p class="normal"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: #0e101a;">Conclusion<o:p></o:p></span></b></p>
<p class="normal"><b style="mso-bidi-font-weight: normal;"><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></b></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">Receiving a tax letter or
notice can be overwhelming, but it's important to remain calm and follow the
steps outlined above. Remember, receiving a notice doesn't necessarily mean
you've done something wrong. The IRS sends notices for various reasons, and
it's important to understand the reason for the notice and take the appropriate
action.<o:p></o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">By reading the notice
carefully, gathering the necessary documents, responding promptly, keeping a
copy of your response, paying any amounts owed, disputing the notice if
necessary, and taking preventive measures, you can effectively handle any tax
issues that may arise.<o:p></o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;"><o:p> </o:p></span></p>
<p class="normal"><span lang="EN" style="color: #0e101a;">If you need help from
professional </span><span lang="EN"><a href="https://advancetaxrelief.com/irs-tax-liens"><span style="color: #1155cc;">tax
filing consultants</span></a><span style="color: #0e101a;">, Advance Tax Relief
LLC is the best choice. Our experienced tax consultants can help you navigate
the complexities of the tax system and provide personalized tax solutions that
meet your unique needs. Contact us today to learn more about how we can help
you with your tax needs!<o:p></o:p></span></span></p>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-43218475098578384052023-03-28T14:25:00.003-07:002023-03-28T14:25:31.112-07:00 TRANSFERRING REAL ESTATE TO A SPOUSE AFTER THE IRS FILES A FEDERAL TAX LIEN <p><span style="font-size: 16pt; white-space: pre-wrap;">There are a number of difficult questions that come up when one spouse has a debt with the IRS and also owns property jointly with their spouse. The question is often whether the spouses can transfer the property to the non-liable spouse. </span></p><span id="docs-internal-guid-1fd77d8a-7fff-fc7f-ecf0-3c890c4a6b41"><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The answer is, maybe. The court addressed this in U.S. v. Gerard, No. 1:14-CV-67-TLS (N.D. Ind. 2018).</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Contents</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">1 Facts & Procedural History On Gerard Case</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">2 Real Estate Title & the IRS’s Lien</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">3 Purchaser for Value</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">4 The Amount Invested Does Not Impact the Lien</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">5 If the Facts Were Different</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Facts & Procedural History On Gerard Case</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The taxpayers were married and they lived in a common law state. They purchased real estate together in 1990. The taxpayer-wife owned a sole proprietor business that accrued a balance for unpaid employment taxes. Several years later, the taxpayers filed a gift deed to transfer the real estate to the taxpayer-husband’s individual name. The court considered whether the IRS’s tax lien survived the transfer of the real estate to taxpayer-husband.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"></p><div class="separator" style="clear: both; text-align: center;"><a href=" TRANSFERRING REAL ESTATE TO A SPOUSE AFTER THE IRS FILES A FEDERAL TAX LIEN " imageanchor="1" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="836" data-original-width="1254" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYwPOdOGuFQYwabCY5LUxDjvApyfq985bi6cXkKjDwJhThUZ3k5-IJ22i9prIn2iNf4Yv5QhZq0Ot7pM7wCaJp2Eo1D6ju9dsE0odG0wJi3XYNz_rLviKARUCJoIZrJCCVgB4B00nUz8i5Pe_1J5XCMVVvB7KdPhr70iViPEHRegebCw05baGFvboL/s320/tax-lien-debt-relief-jpeg.webp" width="320" /></a></div><br /><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span><p></p><br /><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">NEED HELP WITH AN OFFER IN COMPROMISE, TAX DEBT HELP, TAX PREPARATION, AUDIT REPRESENTATION OR STOP WAGE GARNISHMENTS</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">ADVANCE TAX RELIEF LLC</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Call (713)300-3965</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">www.advancetaxrelief.com</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">BBB A+ RATED</span></p><br /><br /><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Real Estate Title & the IRS’s Lien</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Generally, when a married couple acquires real estate during marriage, state law will provide that the real estate is held in tenants by entirety (this is true for most non-community property states; the rules are substantially different for community property states…).</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The term “tenants by entirety” is a real estate concept. It refers to a spouse owning an undivided one-half interest in the real estate.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Our Federal tax laws generally say that the IRS’s lien or right to property looks to the state definition of property. For property held by tenants by entirety under state law, the IRS’s lien attaches to the spouse’s fifty percent interest.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">There are several nuances and exceptions to these general rules. One of these is the purchaser for value rule.</span></p><br /><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Purchaser for Value</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The taxpayer-husband in this case argued that he was a purchaser for value and, as such, the IRS’s lien did not continue to attach to the real estate after the real estate was transferred to him.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">A purchaser for value is:</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">a person who, for adequate and full consideration in money or monies worth, acquires an interest (other than a lien or security interest) in real estate which is valid under local law against a subsequent purchaser without actual notice.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The taxpayer-husband argued that he paid value for the real estate given that the taxpayer-wife had used marital assets to pay for her individually-owned business and that the transfer of the real estate was in satisfaction of that debt to him.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The court noted that, at best, this is past consideration. Past consideration represents an amount owed prior to the transfer that is being considered. Past consideration generally does not count for this purpose.</span></p><br /><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">The Amount Invested Does Not Impact the Lien</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Since the court concluded that the taxpayer-husband was not a purchaser for value, the IRS’s lien would attach to his wife’s interest despite the transfer. This leads to the question as to what interest the taxpayer-wife had in the real estate.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The taxpayers argued that the taxpayer-wife owned less than a 50 percent interest in the real estate. The taxpayers’ argument was that the taxpayer-wife had contributed 10 percent of the monies to purchase the real estate. Therefore, the argument was that the taxpayer-wife only owned 10 percent of the real estate.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The court did not agree. It concluded that the taxpayer-wife acquired a 50 percent interest despite only putting in 10 percent of the monies to purchase the real estate. The court reached this conclusion by examining the applicable state law.</span></p><br /><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">If the Facts Were Different</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">While the taxpayers did not prevail in the court case, they may have other options.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">What if the taxpayer-husband argued that the transfer was made to relieve the taxpayer-wife of her future obligations, such as an obligation to pay alimony to the taxpayer? This was not part of the case, but it may be that this future consideration may suffice to qualify a non-liable spouse as a purchaser.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">It may also have been possible for the taxpayer-husband to refinance the real estate with a third party lender and pay the proceeds to the taxpayer-wife. If the taxpayer-husband were to do this, perhaps he could then qualify as a purchaser for value.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Similarly, if the taxpayer-husband could not qualify for a loan or find a lender who would lend given the potential IRS lien, maybe he could pay the taxpayer-wife a lesser amount to reduce the value of her 50 percent interest to 20 percent or less. The IRS usually does not pursue real estate assets that have less than 20 percent interest. Perhaps this would also have allowed the taxpayers to keep their real estate.</span></p><br /><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Hiring a Tax Relief Company</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; font-size: 16pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">It’s not uncommon for tax debt advisors and tax relief companies to help taxpayers in distress. This can be quite helpful, especially if you aren’t sure how to fill out the forms you need. Taxes are complicated and there’s clearly a wide margin for error. Many people get into trouble with the IRS just for accidentally filling out a form wrong. Tax debt advisors can help you avoid this.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Our experts can help rectify erroneous tax bills and guide you in picking a suitable repayment program. Contact us today (713)300-3965 for back tax filing and tax relief services.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Advance Tax Relief is rated one of the best tax relief companies nationwide.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxLien</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxLienHelp</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxLienAttorneys </span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxPreparation</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxLevy</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#BackTaxes</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxReliefHelp</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#WageGarnishment </span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#OfferInCompromise</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxDebtRelief</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 15pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxAttorney </span></p><div><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-50651927101550541202023-03-11T17:28:00.003-08:002023-03-11T17:28:50.247-08:00FOUR WAYS TO TAX DEBT RELIEF IN HOUSTON <p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; white-space: pre-wrap;">If you owe back taxes to the IRS, you may need to hire tax debt advisors to help you. Here are four options you may have in seeking small business tax help.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 16pt; white-space: pre-wrap;"><br /></span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">In 2016, 22% of small business owners didn’t know what their effective tax rate was, according to CNBC Small Business Survey.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">We get it — taxes are complicated. But if you’re behind on paying them, they get even more complicated, and quickly.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">If you owe back taxes to the IRS, you may need to hire tax debt advisors to help you. To help you understand your options and determine your way forward, the following are four options you may have in seeking small business tax help.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvF_s1EdwPNS2b54FmWXmABCRyASJ1kcoeMqirtYRLVxUD89GtlDwEJVLW7XycbD3gUMMw-20GE3cmrzvv5KwMEzEZ9HsNnPUtmsZL1NXaAdEu6BsZSs9ZKqa_75tyAuAJeLBBZ2ZT-8Y79W49UGxbWJ2YxUim_5sKGwgz-Oyl_ADIK45idJ23DriM/s1154/4-WAYS-TO-SETTLE-BACK-TAXES-IN-HOUSTON-TEXAS.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="900" data-original-width="1154" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvF_s1EdwPNS2b54FmWXmABCRyASJ1kcoeMqirtYRLVxUD89GtlDwEJVLW7XycbD3gUMMw-20GE3cmrzvv5KwMEzEZ9HsNnPUtmsZL1NXaAdEu6BsZSs9ZKqa_75tyAuAJeLBBZ2ZT-8Y79W49UGxbWJ2YxUim_5sKGwgz-Oyl_ADIK45idJ23DriM/s320/4-WAYS-TO-SETTLE-BACK-TAXES-IN-HOUSTON-TEXAS.jpg" width="320" /></a></div><br /><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span><p></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">NEED HELP WITH AN OFFER IN COMPROMISE, TAX DEBT HELP, TAX PREPARATION, AUDIT REPRESENTATION OR STOP WAGE GARNISHMENTS</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">ADVANCE TAX RELIEF LLC</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Call (713)300-3965</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">www.advancetaxrelief.com</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">BBB A+ RATED</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">IRS Payment Plans</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">If you require extra time to pay your tax bill, the IRS will probably accommodate you. Tax debt advisors can help you set up a payment plan with the IRS so you can pay back your debt in regular installments.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">There are some things you should know about payment plans. First of all, having a payment plan setup doesn’t make you exempt from having to pay penalties and interest on what you owe. As long as your balance is above zero, those will continue to accrue.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Second, if you owe more than $25,000 you will need to make your payments in the form of automatic withdrawals from your checking account. If you make payments using a debit or credit card, you will have to pay an additional fee. This fee is usually between $2 and $4, or 2% of the payment.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Offers in Compromise</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">If you absolutely cannot pay your tax debt off without causing serious financial hardship for yourself, you may qualify for an offer in compromise. This option allows you to settle your back taxes for less than you actually owe.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">To decide if you qualify for an offer in compromise, the IRS will consider your ability to pay, your expenses and income, and how much you have in the form of assets.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">If the IRS accepts your offer, you will have to make an upfront payment that equals 20% of whatever you’re offering to pay. Also, some of your personal information could be made public. Details such as your name, city, state, liability amount, and offer terms could go into the IRS’s public inspection files.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Even though it is a possible option for those with lower income or higher expenses than usual, more than half of all people who request one are turned down. Because of this, you should explore other options before attempting to qualify for an offer in compromise.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">“Currently Not Collectible” Status</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">If you cannot currently pay your taxes and necessary living expenses, you may speak with the IRS about placing your account in “Currently Not Collectible” status. You will need to request this delay in collection and you may be asked to fill out a Collection Information Statement to prove that your finances truly aren’t adequate to pay back your taxes. You will need to provide information about your monthly expenses and income on that form.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">It’s important to note that being deemed “Currently Not Collectible” is not permanent. It does not make your tax debt disappear. In fact, the IRS could still file a tax lien against you.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Once a year, the IRS will probably review your income again to see if your financial condition has improved. In the meantime, acquiring “Currently Not Collectible” status can give you the chance to catch up on your finances.</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Hiring a Tax Relief Company</span></p><p dir="ltr" style="background-color: white; line-height: 2.04; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 11pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">It’s not uncommon for tax debt advisors and tax relief companies to help taxpayers in distress. This can be quite helpful, especially if you aren’t sure how to fill out the forms you need. Taxes are complicated and there’s clearly a wide margin for error. Many people get into trouble with the IRS just for accidentally filling out a form wrong. Tax debt advisors can help you avoid this.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Our experts can help rectify erroneous tax bills and guide you in picking a suitable repayment program. Contact us today (713)300-3965 for back tax filing and tax relief services.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Advance Tax Relief is rated one of the best tax relief companies nationwide.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxLien</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxLienHelp</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxLienAttorneys </span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxPreparation</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxLevy</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#BackTaxes</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxReliefHelp</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#WageGarnishment </span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#OfferInCompromise</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxDebtRelief</span></p><p></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 15pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxAttorney </span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 15pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 15pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 24px; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><a href="https://advancetaxrelief.com/f/four-ways-to-tax-debt-relief-in-houston">https://advancetaxrelief.com/f/four-ways-to-tax-debt-relief-in-houston</a></span></p><div><span style="background-color: transparent; color: black; font-family: 'Times New Roman'; font-size: 18pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></div><span id="docs-internal-guid-948f9792-7fff-8bbe-c40d-9d719afe1051"><div><span style="background-color: transparent; font-size: 18pt; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-3858009098823408012023-03-09T18:05:00.001-08:002023-03-09T18:36:42.637-08:00 TRANSFERRING PROPERTY TO A SPOUSE TO AVOID AN IRS TAX LIEN <p><span style="font-family: Arial; font-size: 11pt; white-space: pre-wrap;">There are a number of difficult questions that come up when one spouse has a debt with the IRS and also owns property jointly with their spouse. The question is often whether the spouses can transfer the property to the non-liable spouse. The answer is, maybe. The court recently addressed this in U.S. v. Gerard, No. 1:14-CV-67-TLS (N.D. Ind. 2018).</span></p><span id="docs-internal-guid-30b996f1-7fff-7cf9-4bb0-851830e1b340"><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Contents</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">1 Facts & Procedural History On Gerard Case</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">2 Real Estate Title & the IRS’s Lien</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">3 Purchaser for Value</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">4 The Amount Invested Does Not Impact the Lien</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">5 If the Facts Were Different</span></p><div><span><br /></span></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://advancetaxrelief.com/f/transferring-property-to-a-spouse-to-avoid-an-irs-tax-lien" style="margin-left: 1em; margin-right: 1em;" target="_blank"><img border="0" data-original-height="683" data-original-width="1024" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYyRFGroD-jHUGDf2pIZgLpeILjAtgBOj2Y2ObrZ_19SK7qOMSL1sHFDHAy_zeJojeUtjk10YSEroDQ_C3jmUxPmJ7fRSUsKKS5IyuWA-rhucAewf1NhEuUVNKXMZRw8_EgQcC3Uu8vl3QMmv0j0QCI7uGbp3RdoMW0NjJzjd57CKcDrbmJdBzu8sl/s320/tax-lien-relief-attorneys-houston-texas.jpg" width="320" /></a></div><br /><span><br /></span></div><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Facts & Procedural History On Gerard Case</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The taxpayers were married and they lived in a common law state. They purchased real estate together in 1990. The taxpayer-wife owned a sole proprietor business that accrued a balance for unpaid employment taxes. Several years later, the taxpayers filed a gift deed to transfer the real estate to the taxpayer-husband’s individual name. The court considered whether the IRS’s tax lien survived the transfer of the real estate to the taxpayer-husband.</span></p><br /><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">NEED HELP WITH AN OFFER IN COMPROMISE, TAX DEBT HELP, TAX PREPARATION, AUDIT REPRESENTATION OR STOP WAGE GARNISHMENTS</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">ADVANCE TAX RELIEF LLC</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Call (713)300-3965</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">www.advancetaxrelief.com</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">BBB A+ RATE</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Real Estate Title & the IRS’s Lien</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Generally, when a married couple acquires real estate during marriage, state law will provide that the real estate is held in tenants by entirety (this is true for most non-community property states; the rules are substantially different for community property states…).</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The term “tenants by entirety” is a real estate concept. It refers to a spouse owning an undivided one-half interest in the real estate.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Our Federal tax laws generally say that the IRS’s lien or right to property looks to the state definition of property. For property held by tenants by entirety under state law, the IRS’s lien attaches to the spouse’s fifty percent interest.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">There are several nuances and exceptions to these general rules. One of these is the purchaser for value rule.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Purchaser for Value</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The taxpayer-husband in this case argued that he was a purchaser for value and, as such, the IRS’s lien did not continue to attach to the real estate after the real estate was transferred to him.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">A purchaser for value is:</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">a person who, for adequate and full consideration in money or monies worth, acquires an interest (other than a lien or security interest) in real estate which is valid under local law against a subsequent purchaser without actual notice.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The taxpayer-husband argued that he paid value for the real estate given that the taxpayer-wife had used marital assets to pay for her individually-owned business and that the transfer of the real estate was in satisfaction of that debt to him.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The court noted that, at best, this is past consideration. Past consideration represents an amount owed prior to the transfer that is being considered. Past consideration generally does not count for this purpose.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">The Amount Invested Does Not Impact the Lien</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Since the court concluded that the taxpayer-husband was not a purchaser for value, the IRS’s lien would attach to his wife’s interest despite the transfer. This leads to the question as to what interest the taxpayer-wife had in the real estate.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The taxpayers argued that the taxpayer-wife owned less than a 50 percent interest in the real estate. The taxpayers’ argument was that the taxpayer-wife had contributed 10 percent of the monies to purchase the real estate. Therefore, the argument was that the taxpayer-wife only owned 10 percent of the real estate.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The court did not agree. It concluded that the taxpayer-wife acquired a 50 percent interest despite only putting in 10 percent of the monies to purchase the real estate. The court reached this conclusion by examining the applicable state law.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">If the Facts Were Different</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">While the taxpayers did not prevail in the court case, they may have other options.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">What if the taxpayer-husband argued that the transfer was made to relieve the taxpayer-wife of her future obligations, such as an obligation to pay alimony to the taxpayer? This was not part of the case, but it may be that this future consideration may suffice to qualify a non-liable spouse as a purchaser.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">It may also have been possible for the taxpayer-husband to refinance the real estate with a third party lender and pay the proceeds to the taxpayer-wife. If the taxpayer-husband were to do this, perhaps he could then qualify as a purchaser for value.</span></p><br /><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-family: Arial; font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Similarly, if the taxpayer-husband could not qualify for a loan or find a lender who would lend given the potential IRS lien, maybe he could pay the taxpayer-wife a lesser amount to reduce the value of her 50 percent interest to 20 percent or less. The IRS usually does not pursue real estate assets that have less than 20 percent interest. Perhaps this would also have allowed the taxpayers to keep their real estate.</span></p><br /><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Our experts can help rectify erroneous tax bills and guide you in picking a suitable repayment program. Contact us today (713)300-3965 for back tax filing and tax relief services.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Advance Tax Relief is rated one of the best tax relief companies nationwide.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxLien</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxLienHelp</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxLienAttorneys </span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxPreparation</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxLevy</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#BackTaxes</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxReliefHelp</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#WageGarnishment </span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#OfferInCompromise</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxDebtRelief</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 15pt; margin-top: 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxAttorney </span></p><div><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-51597069891365662832023-03-08T13:11:00.003-08:002023-03-08T13:11:18.919-08:00 POTENTIAL SOLUTIONS TO RESOLVE AN IRS AUDIT<p><span style="font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Audit reconsideration:</span><span style="font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> Reconsideration is commonly applicable for mail audits in which the taxpayer was not given an opportunity to respond before additional tax is assessed. if a taxpayer missed the deadline to respond or have additional information to provide, they can request reconsideration by following audit reconsideration procedures.</span></p><span id="docs-internal-guid-7163e10c-7fff-1df9-aded-9eba73a7ade9"><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Offer in compromise- doubt as to liability:</span><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> When the taxpayer has more information to present that would overturn prior audit results, the taxpayer can request that the IRS formally reconsider the audit results through an Offer in compromise- doubt as to liability (Form 656-L). This request is very similar to an audit reconsideration request.</span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4MlCK-TzzQjzFpQ2UZwVLgVR1-y1x0GGMa35UFi9dXGGMC5H6NsvfxhZ0XkpAJsWl094SCy-yGnNycsKMEtqa93l5tkorst-T0LiCEhOr7H26kq8jJCIlDmGPRD5EUAalHYtWizcylyN8UmVSDUxnh9mDSKtProbgo-_iGtQdwYIuiBxw3q6TOBem/s1200/Tax-Audit-Representation-Attorneys-Houston.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="675" data-original-width="1200" height="180" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4MlCK-TzzQjzFpQ2UZwVLgVR1-y1x0GGMa35UFi9dXGGMC5H6NsvfxhZ0XkpAJsWl094SCy-yGnNycsKMEtqa93l5tkorst-T0LiCEhOr7H26kq8jJCIlDmGPRD5EUAalHYtWizcylyN8UmVSDUxnh9mDSKtProbgo-_iGtQdwYIuiBxw3q6TOBem/s320/Tax-Audit-Representation-Attorneys-Houston.jpg" width="320" /></a></div><br /><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">NEED HELP WITH AN OFFER IN COMPROMISE, TAX DEBT HELP, TAX PREPARATION, AUDIT REPRESENTATION OR STOP WAGE GARNISHMENTS</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">ADVANCE TAX RELIEF LLC</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Call (713)300-3965</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">www.advancetaxrelief.com</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">BBB A+ RATED</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Steps to resolve a mail audit</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The mail audit is the most common type of audit. The taxpayer will need to timely respond with evidence to support the accuracy of their return. Mail audit resolution involves a complete response, with documentation to the IRS:</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Review the audit letter: </span><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> Analyze the year and items under audit. Note the deadline date (usually 30 days) to respond.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Gather your original tax return documents for the year in question: Gather the tax file that has the supporting notes and documents for the audit year in question.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Create a response for each issue under audit: </span><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> Each issue selected should have a worksheet that provides your facts, the documents to support the item reported on the return, and any other information needed. For example, if the IRS is auditing charitable contributions, the taxpayer should provide a list of all contributions, and attach supporting documentation for each donation.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Reconstruct evidence, if needed:</span><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> Many times, taxpayers do not have their information to support the item on the return. Taxpayers can reconstruct the item by listing the amount on the worksheet and how the amount was derived. The taxpayer can also go back and get copies of receipts from the original source, if needed. </span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> In some cases, taxpayers can also support deductions by providing an explanation and detailed list of the expenses that make up the deductions taken, even though they may not have receipt for each expense item. For example, the taxpayer may be able to reconstruct medical expenses by going through their insurance claims or pharmacy orders. If there are amounts in which a receipt cannot be found, the taxpayer can create a worksheet showing the date, amount, and expense paid to the medical provider. The IRS auditor has the discretion to accept this statement from the taxpayer even though the original receipt was not found.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Review the IRS decision: </span><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> The IRS can propose adjustments to the return (additional tax or refund) or decide the return is accurate (called a “no-change” audit). The taxpayer should review the audit report (likely Form 4549) and the explanation of adjustments (Form 886-A). If the taxpayer agrees, they can sign the form and return it to the IRS. If they disagree, they should contact the IRS auditor and make their case. If the auditor does not agree, the taxpayer can request to speak with the auditor’s manager. If an agreement cannot be reached with the manager, the taxpayer can then ask to appeal the findings to the IRS Independent Office of Appeals. Agreements or no-change decisions stop the audit process here, unless the taxpayer needs to set a payment plan or other collection alternative on the amount owed.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Appeal disagreements: </span><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> The taxpayer will need to prepare a protest outlining their areas of disagreement. For mail audits, taxpayers can usually use Form 12203, Request for Appeals Review, to state their reasons for appeal. Taxpayers must appeal timely, that is, within 30-days of the receipt of the examination findings letter (usually IRS Letter 525 or 915). Taxpayers who miss the 30-day timeline can petition Tax Court and/or request audit reconsideration.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Resolve issues in Appeals: </span><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> The taxpayer will attend the appeals hearing (usually by phone for mail audit cases) and present their facts, law, and argument to reach agreement. If an agreement cannot be reached, the taxpayer will receive a Statutory Notice of Deficiency (IRS Letter 3219 called the “90-day letter”). The taxpayer can request another appeal with the Tax Court or pay the balance owed and seek other remedies (claim for refund procedures).</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Our experts can help rectify erroneous tax bills and guide you in picking a suitable repayment program. Contact us today (713)300-3965 for back tax filing and tax relief services.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Advance Tax Relief is rated one of the best tax relief companies nationwide.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxPreparation</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxLevy</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#BackTaxes</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxReliefHelp</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#WageGarnishment </span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#OfferInCompromise</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxDebtRelief</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 15pt; margin-top: 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxAttorney </span></p><div><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-24538046711030531722023-03-06T10:18:00.001-08:002023-03-06T10:18:17.969-08:00 Top 24 Tax Deductions for Your Small Business - 2023 <p><span style="font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Small businesses can write off a number of expenses as tax deductions to help lower the amount they owe on their income tax. </span><span style="font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">The top small business tax deductions include:</span></p><span id="docs-internal-guid-fba37fb0-7fff-e18c-354b-68a157d39993"><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">1. Business Meals</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">As a small business, you can deduct 50 percent of food and drink purchases that qualify. To qualify, the meal needs to be related to your business and you need to keep the following documentation related to the meal:</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Date and location of the meal</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Business relationship of the person or people you dined with</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The total cost of the meal</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The easiest way to track business meal expenses is to keep your receipt and jot down notes on the back about the details of the meal.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">2. Work-Related Travel Expenses</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">All expenses related to business travel can be written off at tax time, including airfare, hotels, rental car expenses, tips, dry cleaning, meals and more. You can reference the IRS website for a full list of deductible business travel expenses. To qualify as work-related travel, your trip must meet the following conditions:</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The trip must be necessary to your business.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The trip must take you away from your tax home, i.e. the city or area in which your company conducts its business.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">You must be travelling away from your tax home for longer than a normal work day and it must require you to sleep or rest on route.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">To read more visit:<a href="https://advancetaxrelief.com/tax-preparation" rel="nofollow" target="_blank"> https://advancetaxrelief.com/tax-preparation</a></span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">3. Work-Related Car Use</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you use your car strictly for work-related purposes, you can write off all costs associated with operating and maintaining it. If your car use is mixed between business and personal reasons, you can only deduct costs that are related to the business usage of the vehicle. You can claim the mileage you use for business driving, either by deducting the actual miles traveled for business, or by using the standard mileage deduction of $0.56 per mile driven.</span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhumhrgXiAwdJuB8wc7I-EqIboPNJ-rgUG3mcOKlCDflZjVyzPm6MKjfxLisUSucEkLmm_goJcQVu9hE1hQADLvLyG7YOSnkUIzUpn7owcq-Fw-c5bq2--XURpx76OLXdP4RR9-EpZJloplIVEQTmkUh2JJisvFxUk3VFUyBbah9-47lX7IZr70gBwf/s2000/24-SMALL-BUSINESS-TAX-DEDUCTIONS-IN-HOUSTON-TEXAS.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1333" data-original-width="2000" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhumhrgXiAwdJuB8wc7I-EqIboPNJ-rgUG3mcOKlCDflZjVyzPm6MKjfxLisUSucEkLmm_goJcQVu9hE1hQADLvLyG7YOSnkUIzUpn7owcq-Fw-c5bq2--XURpx76OLXdP4RR9-EpZJloplIVEQTmkUh2JJisvFxUk3VFUyBbah9-47lX7IZr70gBwf/s320/24-SMALL-BUSINESS-TAX-DEDUCTIONS-IN-HOUSTON-TEXAS.jpg" width="320" /></a></div><br /><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">NEED HELP WITH AN OFFER IN COMPROMISE, TAX DEBT HELP, TAX PREPARATION, AUDIT REPRESENTATION OR STOP WAGE GARNISHMENTS</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">ADVANCE TAX RELIEF LLC</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Call (713)300-3965</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">www.advancetaxrelief.com</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">BBB A+ RATED</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">4. Business Insurance</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">You can deduct the cost of your business insurance on your tax return. If you have a home office, or use a portion of your home to run your business, you can deduct your renter’s insurance costs as part of your home office write-offs.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">5. Home Office Expenses</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Under new simplified IRS guidelines for home office expenses, home-based small businesses and freelancers can deduct five dollars per square foot of your home that’s used for business purposes, up to a maximum of 300 square feet. To qualify as a tax deduction, your work area has to be used exclusively for business (i.e. you can’t write off the square footage of your dining room if you do your work at the table during the day) and you need to use the home office regularly as your principal place for conducting business.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">6. Office Supplies</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">You can write off office supplies including printers, paper, pens, computers and work-related software, as long as you use them for business purposes within the year in which they were purchased. You can also deduct work-related postage and shipping costs. Be sure to file all receipts for office supply purchases, for documentation.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">7. Phone and Internet Expenses</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If using the phone and internet is vital to running your business, you can deduct these expenses. If, however, you use the phone and internet for a mix of work and personal reasons, you can only write off the percentage of their cost that goes toward your business use. For example, if roughly half of your internet usage is business related, you can write off 50% of your internet expenses for the year.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">8. Business Interest and Bank Fees</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you borrow money to fund your business activities, the bank will charge you interest on the loan. Come tax season, you can deduct the interest charged both on business loans and business credit cards. You can also write off any fees and additional charges on your business bank account and credit card, such as monthly service fees and any annual credit card fees.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">9. Depreciation</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">When you deduct depreciation, you’re writing off the cost of a big-ticket item like a car or machinery over the useful lifetime of that item, rather than deducting it all in one go for a single tax year. Businesses usually deduct depreciation for long-term business investments that are more costly, so they’re reimbursed for the expense over the entire useful lifetime of the item. Here’s how to calculate depreciation:</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Depreciation = Total cost of the asset / Useful lifetime of the asset</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">10. Professional Service Fees</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Any professional service fees that are necessary to the functioning of your business, such as legal, accounting and bookkeeping services, are deductible for tax purposes. If you use accounting or bookkeeping software for your business, that would also qualify as a tax deduction. If you are having trouble determining whether a particular professional service expense is for work or personal use, these guidelines for legal and professional fees from the IRS can help you judge the nature of the expense.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">11. Salaries and Benefits</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you’re a small business owner with employees, you can write off their salaries, benefits and even vacation pay on your tax returns. There are a few requirements for writing off salary and benefit expenses:</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The employee is not a sole proprietor, partner or LLC member in the business</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The salary is reasonable and necessary</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The services delegated to the employee were provided</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">12. Charitable Contributions</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">You can deduct charitable donations that you make to qualifying organizations. If your business is set up as a sole proprietorship, LLC or partnership, you can claim these expenses on your personal tax forms. If your company is a corporation, you claim charitable donations on your corporate tax return.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">13. Education</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Any educational expenses you incur to bring value to your business are fully deductible for tax purposes. The requirements for education-related expenses are that the course or workshop must improve your skills or help maintain your professional expertise. Educational expenses that qualify for deductions include:</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Courses and classes related to your field of work</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Seminars and webinars</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Trade publication subscriptions</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Books related to your industry</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">14. Child and Dependent Care</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Costs you incur for caring for children or adult dependents is tax deductible. If your own children are twelve years old or younger, you can write off costs associated with their care. Adult dependents also qualify for deductions, including spouses and some other related adults who are unable to care for themselves because of physical or mental disability.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">15. Energy Efficiency Expenses</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Upgrades that you make to your home to ensure it’s more energy efficient can qualify for tax credits. You can claim 30 percent of the cost of alternative energy equipment for your home, including solar panels, solar water heaters and wind turbines. The IRS site offers further details on the home energy tax credits.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">16. Investments</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you borrow money in order to make investments, you can write off the interest paid on the loan. You can deduct the interest up to the point that it matches what you earned in investment income.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">17. Foreign-Earned Income Exclusion</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">American citizens with businesses based abroad can, under certain circumstances, leave the foreign income they’ve earned off their tax return. To qualify for the exclusion, your tax home must be based abroad. This article can help you better understand the requirements for foreign-earned income exclusion.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">18. Medical Expenses</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">You can claim both insurance premiums and medical care expenses, including doctor’s fees, prescription drugs and home care. If you’re self-employed and pay for your own health insurance then you can deduct your health and dental care insurance premiums.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">19. Real Estate Taxes</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Real estate taxes paid at the state and local levels can be deducted on your income taxes. Property taxes are included in these deductions and you can claim up to a total of $10,000.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">20. Moving Expenses</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you move and the main reason for doing so is work related, you might be able to fully deduct the costs associated with the move. To qualify, your move has to pass the distance test. To pass the distance test your new job location has to be at least 50 miles farther from your former home than your old job location was from your previous home.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">21. Retirement Contributions</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you contribute to an Individual Retirement Account, doing so helps reduce your taxable income for the year. Your total IRA contributions can’t exceed the total income you earned that year or it can’t exceed the annual maximum contribution, whichever one is less.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">22. Advertising and Promotion</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">You can fully deduct expenses related to promoting your business, including digital and print advertising, website design and maintenance and the cost of printing business cards.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">23. Client and Employee Entertainment</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you take business clients out, you can deduct the expense as long as you discuss business during the meeting and the entertainment takes place in a business setting for business purposes. You can deduct 50 percent of the cost of these entertainment expenses. You can also deduct as much as 100 percent of the cost of social events held for your employees.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">24. Startup Expenses</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">If you launched a new business venture in the latest tax year, you can deduct as much as $5,000 in startup expenses you incurred in the lead up to your business launch. That can include costs associated with marketing your new business, travel and training costs.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Our experts can help rectify erroneous tax bills and guide you in picking a suitable repayment program. Contact us today (713)300-3965 for back tax filing and tax relief services.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Advance Tax Relief is rated one of the best tax relief companies nationwide.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxPreparation</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxLevy</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#BackTaxes</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxReliefHelp</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#WageGarnishment </span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#OfferInCompromise</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxDebtRelief</span></p><p dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 15pt; margin-top: 0pt;"><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxAttorney </span></p><div><span style="background-color: transparent; font-family: Arial; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-18834855007886797272023-02-27T11:48:00.000-08:002023-02-27T11:48:03.069-08:00Received A CP2000 Notice From the IRS? What It Means & How To Respond<h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="color: #2d2d2d; font-family: Arial; font-size: 16pt; white-space: pre-wrap;">What is a CP2000 Notice from the IRS?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">One of the best things you can do during tax season is to keep good records of all your sources of income. Why? You never know when the IRS might find an error.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">The IRS sends out CP2000 Notices every year that identify discrepancies in reported income. Often this is because someone forgets to report a stream of income that the IRS wants to assess.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">With more and more people earning income outside of a traditional W-2 job, there’s a chance you could forget to report income and get a CP2000 Notice as a result. This article will walk you through what a CP2000 Notice is, how to respond, and some best practices you can follow to avoid getting one in the first place.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">A CP2000 Notice is a computer-generated letter notifying you there is a discrepancy between the income you reported and the information the IRS has on file for you.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Self-employed individuals -– including gig workers -– who accidentally forget to report income might receive a CP2000 Notice.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Keeping detailed records of your income can make it easier to respond to a CP2000 Notice if you get one</span></h3><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7n8qIWRmmoeLFl7v-xo8eqMW1LQo2JlAngkFp3JZNoK-eOw5-3IUvjqilo6Nkf8Pvv9wyaM0mfMAizgGY-q79tJHS9jbNAUx9Yo1mTkXDLWZqvJWX7J19SVWBqyBUZPMhqxDyu_JVmsco5XpBCF5WIysmohLVGI6q-pmV1sCGjs4fopXfPlB4ppXV/s612/IRSCP2000-NOTICE-AND-TAX-DEBT-HELP-ATTORNEYS.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="407" data-original-width="612" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7n8qIWRmmoeLFl7v-xo8eqMW1LQo2JlAngkFp3JZNoK-eOw5-3IUvjqilo6Nkf8Pvv9wyaM0mfMAizgGY-q79tJHS9jbNAUx9Yo1mTkXDLWZqvJWX7J19SVWBqyBUZPMhqxDyu_JVmsco5XpBCF5WIysmohLVGI6q-pmV1sCGjs4fopXfPlB4ppXV/s320/IRSCP2000-NOTICE-AND-TAX-DEBT-HELP-ATTORNEYS.jpg" width="320" /></a></div><br /><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></div><div><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></div><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.999999999999998pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">NEED HELP WITH AN OFFER IN COMPROMISE, TAX DEBT HELP, TAX PREPARATION, AUDIT REPRESENTATION OR STOP WAGE GARNISHMENTS</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.999999999999998pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">ADVANCE TAX RELIEF LLC</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.999999999999998pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Call (713)300-3965</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.999999999999998pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">www.advancetaxrelief.com</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.999999999999998pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">BBB A+ RATED</span></p><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">What Is a CP2000 Notice From the IRS?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">A CP2000 Notice is a letter indicating a discrepancy between the information in the tax return the IRS has on file for you and the information provided by an employer or other entity you might have earned income from.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">You might receive a CP2000 Notice if you forget to report a source of income, an employer incorrectly reports your wages, or it could be a simple administrative error on the IRS’s end.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Sometimes individuals accidentally forget to report income. Gig workers, for example, aren’t classified as W-2 employees. As a result, taxes aren’t withheld from their gross pay. According to the IRS, gig workers, freelancers, and other self-employed individuals are responsible for paying these taxes.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Self-employed individuals must pay an additional 15.3% (this is often called the self-employment tax) which goes to Social Security and Medicare. When you work a traditional W-2 job, your employer typically pays this tax on your behalf. However, when you work for yourself, you’re on the hook to cover this tax.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">The notice doesn’t necessarily mean you or your employer did anything wrong; it just means the IRS is trying to figure out why the information it has doesn’t match the information you reported on your taxes.</span></h3><p><b style="font-weight: normal;"><br /></b></p><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">How Many People Get a CP2000 Notice?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">A CP2000 Notice is fairly common. Millions of individuals receive CP2000 Notices every year. While it's one of the most common notices sent out by the IRS, it's usually issued for minor issues like underreported income or a computer error.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Will a CP2000 Notice Stop My Refund?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">It could, but it likely won’t. A CP2000 Notice flags discrepancies after your taxes have already been filed. It can take a while for the IRS’s systems to notice the mismatch and issue you a notice.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">There’s a good chance that getting a CP2000 Notice won’t halt your refund. Instead, you might be asked to pay back the IRS whatever it decides you owe.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Will a CP2000 Notice Trigger an Audit?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">A CP2000 could trigger an audit, but it probably won’t. Instead, once you receive your letter, you’ll be asked to agree or disagree with the IRS.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">You might be slightly more likely to experience an audit though if the CP2000 Notice was generated due to underreported self-employment income.</span></h3><p><b style="font-weight: normal;"><br /></b></p><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">A CP2000 Notice might make the IRS curious about how a tax filer prepared their overall tax return. If someone forgets to report their income, the IRS might examine whether they were also too aggressive in their deductions. This could prompt the IRS to dive deeper, resulting in an audit.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">If you're self-employed or earn income from a small business, it's always a good idea to document your earnings and expenses. This way, if you receive a CP2000 Notice and the IRS initiates an audit, you have adequate documentation to support your reported income.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">How Do I Respond to a CP2000 Notice?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">As shown in the steps below, responding to a CP2000 Notice is pretty straightforward. The one thing to keep in mind is that you should do so promptly. Not responding in the timeframe provided by the IRS could result in being assessed a penalty or extra fees.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Step #1: Read the Notice and Review Your Data</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Before you respond to the notice, read it in full and review your data. A CP2000 Notice is issued by a computer system that is far from perfect. While you might have accidentally underreported your income, there’s also a chance the IRS’s file on you is incorrect too.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Find the tax return in question and review your records. Compare it with the information provided in the CP2000 Notice. Look at any W-2s, 1098s, and 1099s that you might have reported for that year. Once you determine whether or not the CP2000 Notice is correct, you can submit your response to the IRS.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Step #2: Respond to the IRS</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">You have two options on how you can respond to a CP2000 Notice. If it is correct and you excluded a source of income, sign the response letter provided by the IRS and return it to them. Once the IRS receives your agreement, they will send you a tax bill.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">If you find the CP2000 Notice is incorrect, you can disagree with it. To do so, you will need to provide a signed statement identifying why you disagree, and you will need to provide documentation backing up your claim. This notice can be mailed to the address printed on the original CP2000 Notice letter.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">When you submit your statement, attach it to a copy of the CP2000 Notice response form with the corrected tax form, your original tax form, and any additional documents that might help your case. Make a note in your statement that you would like an appeal if the IRS still insists that you owe more than you reported.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">The IRS can be slow and because there are penalties involved, ensure you keep copies of all documents for yourself. If you disagree, consider sending your response via certified mail. This will give you documentation that you sent your response promptly in case any of your materials get lost en route to the IRS.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Step #3: Follow-up</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">After you submit your response, be sure to follow up with the IRS. You'll either need a tax bill to pay what you owe or a resolution if you contest their findings. Even though the IRS initiated a review process by sending you a CP2000 Notice in the first place, it's still your responsibility to ensure everything is handled promptly to avoid penalties.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Can I Dispute a CP2000?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Yes, as previously mentioned, you can dispute a CP2000 Notice by asking the IRS for an appeal. If you do so promptly, the IRS can issue an appeal hearing to review your case. If disagreement persists, the case is moved to the IRS Office of Appeals for additional consideration.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">If you don’t respond quickly, the IRS can proceed with issuing a Notice of Deficiency. This would kick your case up to the U.S. Tax Court and could become a bigger headache than you might want to deal with.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">The Takeaway: Don't Fret if You Received a CP2000 Notic</span><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">e</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: white; color: #2d2d2d; font-family: Arial; font-size: 16pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">While receiving any letter from the IRS can raise your blood pressure, a CP2000 Notice isn’t necessarily one that you should stress over.</span></h3><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Seeking professional help when handling back taxes can help you avoid the discussed errors. At Advance Tax Relief, we offer specialized tax resolution services to help you deal with IRS debt.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Our experts can help rectify erroneous tax bills and guide you in picking a suitable repayment program. Contact us today (713)300-3965 for back tax filing and tax relief services.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">Advance Tax Relief is rated one of the best tax relief companies nationwide.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxPreparation</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxLevy</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#BackTaxes</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxReliefHelp</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#WageGarnishment </span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#OfferInCompromise</span></p><p></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 15pt; margin-top: 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;">#TaxDebtRelief</span></p><div><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap; white-space: pre;"><br /></span></div><span id="docs-internal-guid-92df0e37-7fff-2805-f043-214591a1bf17"><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 23pt; margin-top: 0pt;"><br /></h3></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-49697782684844779722023-02-22T18:37:00.004-08:002023-02-22T18:37:32.120-08:00WHEN THE IRS REVOKES YOUR PASSPORT BECAUSE OF BACK TAX DEBT <p><br /></p><span id="docs-internal-guid-bb774912-7fff-b26d-7f50-dd3072ccaef1"><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Having tax debt can have harsh consequences. This makes it important for you to understand the consequences and how to resolve these issues.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">One major consequence is passport restrictions.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">If you have what the IRS classifies as seriously delinquent tax debt, the government can stop you from getting, renewing, or using your passport.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Since 2018, the IRS has been able to flag (or certify) anyone with seriously delinquent tax debt to the U.S. State Department. This certification allows the State Department to deny a passport application, or revoke a current passport.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">What qualifies as seriously delinquent tax debt?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">The IRS defines seriously delinquent tax debt as “unpaid, legally enforceable federal tax debt totaling more than $55,000 that remains after the IRS has pursued all collection options such as levies to try to collect the debt.”</span></h3><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpxf9YHQSBXP8lCliAOSwr2q4rdA6dZv5sjP-9n6wkIX53Eb96PWiG-ip-D-kUgYQPLIEsCdF96-vFLE8U77LFl5AD_myNwEhPcS4ALSdhFJOLhw_7agv0GecLtULe8J0br7gyrr9P_AkxrO1f0iOlNxTXvzyI6nuyt4Do3e_hncCEHQ-LsXSlsmd0/s2500/passport-revoked-and-tax-debt-relief-attorneys-houston-texas.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1628" data-original-width="2500" height="208" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpxf9YHQSBXP8lCliAOSwr2q4rdA6dZv5sjP-9n6wkIX53Eb96PWiG-ip-D-kUgYQPLIEsCdF96-vFLE8U77LFl5AD_myNwEhPcS4ALSdhFJOLhw_7agv0GecLtULe8J0br7gyrr9P_AkxrO1f0iOlNxTXvzyI6nuyt4Do3e_hncCEHQ-LsXSlsmd0/s320/passport-revoked-and-tax-debt-relief-attorneys-houston-texas.jpg" width="320" /></a></div><br /><div><br /></div><br /><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">NEED HELP WITH AN OFFER IN COMPROMISE, TAX DEBT HELP, TAX PREPARATION, AUDIT REPRESENTATION OR STOP WAGE GARNISHMENTS</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">ADVANCE TAX RELIEF LLC</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Call (713)300-3965</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">www.advancetaxrelief.com</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">BBB A+ RATED</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">How do I know if I have seriously delinquent tax debt?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">You’ll get a CP508C Notice from the IRS. It’s important that you open the letter right away. It will tell you why you received the letter and what steps you can take to resolve your debt. It is extremely important that you address the situation quickly.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Remember, scammers often try to disguise themselves as the IRS. If you get anything other than a letter (like a phone call, email, or social media post), it may be fraud, and you should take a closer look.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">If you get this notice, the State Department will give you 90 days before it places any restrictions on your passport. You should use that time to fix any certification issues, fully pay your tax debt, or set up a payment agreement with the IRS.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The IRS won’t send certain tax debt situations to the State Department, including taxpayers who:</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Are in bankruptcy</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Are victims of tax-related identity theft, as identified by the IRS</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Are in currently not collectible status</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Are living in a federally declared disaster area</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Have a pending installment agreement request with the IRS</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Are serving in a designated combat zone, or participating in a contingency operation</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">For other reasons you may be disqualified, the IRS provides a more in-depth list.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">What to do if your passport has been denied or revoked because of seriously delinquent tax debt</span></h3><br /><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">You can fix the issue by paying all your tax debt, setting up an IRS payment plan, or getting an offer in compromise or other options.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><br /></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">The IRS will reverse your certification if:</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">You pay your tax debt.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Your tax debt is legally unenforceable.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Your tax debt is not seriously delinquent.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">The certification is incorrect.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">Keep in mind that paying your tax bill to less than $55,000 doesn’t automatically reverse your certification. You also have to set up an agreement with the IRS to get back in good standing. This means initiating a payment plan or other qualifying agreement.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">What if the certification was made in error?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">If you think the IRS certified you by accident or that your tax bill is wrong, call the number in the top right of your notice. If you have already paid your taxes, send proof of the payment to the address on your notice.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">How will I know if the IRS reversed my certification?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">You’ll get a CP508R Notice, which means the State Department knows about the reversal and you don’t need to respond.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">However, it’s important that you keep this notice in your records, continue to pay on time, and meet all the requirements of any installment agreements or other option that you agreed to.</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">How long will it take to get my passport after the IRS reversed my certification?</span></h3><h3 dir="ltr" style="background-color: white; line-height: 1.2; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 23pt 0pt;"><span style="color: #2d2d2d; font-family: Roboto, sans-serif; font-size: 13pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 400; vertical-align: baseline; white-space: pre-wrap;">As soon as you resolve your tax issue with the IRS, the IRS will reverse your certification and notify the State Department within 30 days. The IRS has special rules if you need to resolve a passport issue in less than 30 days.</span></h3><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Seeking professional help when handling back taxes can help you avoid the discussed errors. At Advance Tax Relief, we offer specialized tax resolution services to help you deal with IRS debt.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Our experts can help rectify erroneous tax bills and guide you in picking a suitable repayment program. Contact us today (713)300-3965 for back tax filing and tax relief services.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Advance Tax Relief is rated one of the best tax relief companies nationwide.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxPreparation</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxLevy</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#BackTaxes</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxReliefHelp</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#WageGarnishment </span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#OfferInCompromise</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 15pt; margin-top: 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#TaxDebtRelief</span></p><div><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-39254350655998958852023-02-20T13:26:00.009-08:002023-02-20T13:26:56.775-08:00 HOW TO GET YOUR IRS TAX LEVY RELEASED <p><br /></p><p>The IRS has many options to collect tax debts. Some of its more infamous tools include federal tax liens, wage garnishment, refund offsets, and levies.</p><p><br /></p><p>What is a tax levy?</p><p>A levy is a legal seizure of your property to pay a tax debt. When the IRS issues a levy, it can seize your wages, funds in your bank account, Social Security benefits, retirement income, and personal property like cars, boats, and real estate.</p><p>Levies are one of the last steps the IRS will take to collect tax debt. It won’t be a surprise, either. The IRS will send you multiple notices trying to collect your tax debt before issuing levies</p><p>How long does it take for the IRS to issue a tax levy?</p><p>Generally, the IRS will issue a levy only after these three things happen:</p><p>The IRS charged you, or assessed, the tax and sent you a tax bill (Notice and Demand for Payment).</p><p>You didn’t answer or refused to pay the tax.</p><p>The IRS sent you a levy notice (Final Notice of Intent to Levy and Notice of Your Right to a Hearing) at least 30 days before the levy. The IRS may give this notice in person, leave it at your home or business, or send it to your last-known address by certified or registered mail, return receipt requested. The IRS can still levy you even if you didn’t get the notices because you moved and didn’t notify the IRS.</p><p>If the IRS levies your state tax refund, you may get a Notice of Levy on a State Tax Refund after the IRS has taken your refund to pay your back taxes. In addition to property you own, the IRS also has access to property you partially own with others, including business income, bank accounts, rental income, and much more.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKj61sUwac_C6nc1q2Nh_3VjX0FYcJVItH8_yITE3E-fBHzNMw0Od6bLZTc6MFn9_w2Fq0o7zK-n5th8XCiEAy-GwEXPqpSAU_J2gdquOujO5mYGFJe7tntnLGBQkgatzzasZzZF4C5pk1kSLB9nwYubt8HPVrHe6PGiQiCHQHdAbC5gLikiA3et_e/s800/TAX-LEVY-AND-DEBT-RELIEF-HELP-ATTORNEYS.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="800" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKj61sUwac_C6nc1q2Nh_3VjX0FYcJVItH8_yITE3E-fBHzNMw0Od6bLZTc6MFn9_w2Fq0o7zK-n5th8XCiEAy-GwEXPqpSAU_J2gdquOujO5mYGFJe7tntnLGBQkgatzzasZzZF4C5pk1kSLB9nwYubt8HPVrHe6PGiQiCHQHdAbC5gLikiA3et_e/s320/TAX-LEVY-AND-DEBT-RELIEF-HELP-ATTORNEYS.jpg" width="320" /></a></div><br /><p><br /></p><p>NEED HELP WITH AN OFFER IN COMPROMISE, TAX DEBT HELP, TAX PREPARATION, AUDIT REPRESENTATION OR STOP WAGE GARNISHMENTS</p><p><br /></p><p>ADVANCE TAX RELIEF LLC</p><p>Call (713)300-3965</p><p>www.advancetaxrelief.com</p><p>BBB A+ RATED</p><p><br /></p><p>What does it take for an IRS tax levy to be released?</p><p>The quickest and most effective way to get an IRS levy released (for good) is to pay all the taxes you owe. However, most people dealing with an IRS levy can’t pay. You can get the levy released without paying the taxes you owe. However, you will need to get into an agreement with the IRS to release the levy. If you break this agreement, you will again be subject to an IRS levy. </p><p><br /></p><p>There are a few other ways the IRS will release a levy:</p><p><br /></p><p>The collection statute expiration date passed before the IRS issued the levy.</p><p>Releasing the levy will help you pay the taxes.</p><p>The levy creates an economic hardship, meaning the IRS decides the levy is preventing you from meeting basic, reasonable living expenses.</p><p><br /></p><p>4 ways to stop an IRS tax levy</p><p>The IRS has 10 years to collect tax debt. Unless the IRS suspends the debt, extends the debt, or accepts a payment plan, the IRS can’t collect the taxes after that date. If you’re within the collection period and can’t pay your tax debt, you have some options to help manage the debt and maybe remove the levy. These include the following:</p><p>Request a payment plan: A payment plan (also called an installment agreement) is an agreement to pay your tax debt back over a specific time. The IRS offers short-term and long-term payment plans, ranging from 180 days or less, up to the number of months left on the statute to collect. Your situation (how much you owe, how fast you can pay it, etc) will determine the plan that’s best for you and whether you qualify. Once the IRS approves your payment plan, you can ask the IRS to immediately release the levy.</p><p>Prove that the levy is causing economic hardship: If the levy creates severe economic hardship for a household. The IRS is required to leave you with enough money to cover immediate household expenses.</p><p>Request hardship status: This status is called currently not collectible (CNC). It means you can’t pay based on your current income and necessary and allowable personal living expenses. It doesn’t mean that your tax debt goes away. </p><p>Offer in compromise (OIC): An OIC allows you to settle your tax debt for less than you owe. The IRS will look at your income, expenses, equity in assets, and ability to pay to decide whether to accept your offer. Normally, when you request an OIC, the IRS will remove the levy. Just in case, contact IRS Collection to let them know you filed for an OIC and ask them to remove the levy. Learn more about the OIC process.</p><p>Seeking professional help when handling back taxes can help you avoid the discussed errors. At Advance Tax Relief, we offer specialized tax resolution services to help you deal with IRS debt.</p><p>Our experts can help rectify erroneous tax bills and guide you in picking a suitable repayment program. Contact us today (713)300-3965 for back tax filing and tax relief services.</p><p><br /></p><p>Advance Tax Relief is rated one of the best tax relief companies nationwide.</p><p><br /></p><p>#TaxPreparation</p><p>#TaxLevy</p><p>#BackTaxes</p><p>#TaxReliefHelp</p><p>#WageGarnishment </p><p>#OfferInCompromise</p><p>#TaxDebtRelief</p><div><br /></div>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0tag:blogger.com,1999:blog-1233455565500176253.post-53191716159391647122023-02-14T17:35:00.000-08:002023-02-14T17:35:34.743-08:00HOW TO RESOLVE AN IRS ENFORCEMENT ACTION IF YOU HAVE TAX DEBT<p><span style="color: #232323; font-family: Arial; font-size: 13.5pt; white-space: pre-wrap;">Here are the steps to follow when a taxpayer gets an IRS notice or has an IRS enforcement issue.</span></p><span id="docs-internal-guid-1f9d0b75-7fff-a88c-198f-ba7a234b3bf6"><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">#1: Understand the notice and determine if action is needed.</span><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> If you are confused by the notice, skip to step #3 and #4. Some notices are informational in nature (i.e. confirming a payment, requesting added time to process a return, etc.). Others indicate a tax problem or issue that needs to be resolved.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 15pt; margin-top: 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">#2: If the notice is related to a tax problem(s), noncompliance issue, or IRS enforcement, familiarize yourself with the process and options to resolve the issue. </span><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> Review the steps to resolve the major IRS enforcement issues:</span></p><ul style="margin-bottom: 0; margin-top: 0; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 14pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Tax debt and IRS collection solutions (link to pillar page)</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">IRS audits (link to pillar page)</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">CP2000 Underreporter inquiries (link to pillar page)</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">IRS penalties and penalty relief (link to pillar page)</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 14pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Unfiled past-due returns (link to pillar page)</span></p></li></ul><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgI0l7CsZqREHY4A7GriFCtaprpp8TQa0QpWN2doCPPZ7QKhVgbrJzDQjRhGQsaPssEokJOLfyz3UkCpO3Qm3Y3RAIzA_9YNkh1Djs4KzhxZhyVv_AjUk4hcLe4NhdPE2_l4y2DZ15ZV9XaQhD69JYXd5kMUlZdNrtyQswZ9mdHpVxJf5tuViq_D2Zd/s612/tax-debt-relief-companies-in-houston-texas.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="408" data-original-width="612" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgI0l7CsZqREHY4A7GriFCtaprpp8TQa0QpWN2doCPPZ7QKhVgbrJzDQjRhGQsaPssEokJOLfyz3UkCpO3Qm3Y3RAIzA_9YNkh1Djs4KzhxZhyVv_AjUk4hcLe4NhdPE2_l4y2DZ15ZV9XaQhD69JYXd5kMUlZdNrtyQswZ9mdHpVxJf5tuViq_D2Zd/s320/tax-debt-relief-companies-in-houston-texas.jpg" width="320" /></a></div><br /><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 14pt; padding: 0pt 0pt 14pt 0pt;"><br /></p><br /><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">NEED HELP WITH AN OFFER IN COMPROMISE, TAX DEBT HELP, TAX PREPARATION, AUDIT REPRESENTATION OR STOP WAGE GARNISHMENTS</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">ADVANCE TAX RELIEF LLC</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">Call (713)300-3965</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">www.advancetaxrelief.com</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">BBB A+ RATED</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: -1pt 0pt 14pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">#3: Consider engaging a qualified tax professional. </span><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"> In many cases you can get better results in less time by engaging a tax pro who is experienced in resolving tax problems. Tax pros can you better understand the options that are best for your situation. They also have special hotlines and online tools to better navigate the IRS. Also, they will know your rights and protect them if the IRS does not follow the rules properly.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">#4: Get all the facts – both from your perspective and the IRS’ perspective. </span><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Good tax problem solving starts with good due diligence. If the notice and your dispute with the IRS is clear, you need to next get your information from the IRS. For example, if you are under an office or field audit, it is best to get your wage and income information from the IRS to make sure that you have reported all the income that the IRS has for you. That is an early step in an audit that you will need to be prepared for to understand the IRS’ questions in the audit. Another example: if you are seeking penalty abatement, it is best to research your account to understand if you qualify for first-time abatement or if you need to seek reasonable cause.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 15pt; margin-top: 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">#5: Develop a plan to resolve. </span><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">You may have multiple problems and urgent enforcement actions or deadlines. You will need to develop a plan of action – and follow through on each step. For example, if you have unfiled returns, tax debt, and penalties, you may want your plan to look like this:</span></p><ul style="margin-bottom: 0; margin-top: 0; padding-inline-start: 48px;"><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 14pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Request collection hold to file returns.</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Change withholding and/or make estimated tax payments to make sure you do not owe on future filed returns.</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Obtain IRS wage and income information and account transcripts to file accurate back returns that pass IRS screening procedures for acceptance.</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">File prior year returns and monitor for acceptance. Request additional collection holds while the IRS processes the returns in order to avoid collection enforcement actions (liens, levies, passport restrictions).</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Get final balance owed and determine correct collection alternative (extension to pay, installment agreement, currently not collectible status, or an offer in compromise)</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Execute the collection option selected and get it accepted by the IRS.</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Determine if you qualify for penalty relief and request appropriate relief. Be prepared to follow through on appealing any adverse penalty determination.</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Put procedures in place to remain in compliance in the future – hire a tax professional, arrange for installment agreement to be paid by direct debit to avoid missed payments, make adjustments as needed to withholding/estimated tax payments.</span></p></li><li aria-level="1" dir="ltr" style="color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; list-style-type: disc; vertical-align: baseline; white-space: pre;"><p dir="ltr" role="presentation" style="background-color: white; line-height: 1.38; margin-bottom: 14pt; margin-top: 0pt;"><span style="background-color: transparent; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Monitor IRS notices for any changes in compliance status.</span></p></li></ul><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">#6: Execute your plan. </span><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Complete the steps – and make any adjustments based on new findings. Make sure to monitor progress with the IRS and request enforcement relief as needed.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">#7: If needed, appeal any disagreements. </span><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Understand your appeal rights if you have a disagreement with the IRS at any point in the resolution process. If needed, timely request an appeal. Be clear in your appeals request with the items of disagreement and the outcome you are requesting.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">#8: Finalize agreements. </span><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Check and make sure that the agreement reached is processed by the IRS. Also, complete any paperwork needed to finalize the agreement. For example, if you agreed to an audit adjustment, you need to review the agreed adjustments before signing any agreement with the IRS.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; font-weight: 700; vertical-align: baseline; white-space: pre-wrap;">#9: Stay in compliance to avoid future issues. </span><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 13.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Complete the terms of any agreement and monitor future notices for any compliance issues.</span></p><br /><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Seeking professional help when handling back taxes can help you avoid the discussed errors. At Advance Tax Relief, we offer specialized tax resolution services to help you deal with IRS debt.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Our experts can help rectify erroneous tax bills and guide you in picking a suitable repayment program. Contact us today (713)300-3965 for back tax filing and tax relief services.</span></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><br /></p><p dir="ltr" style="background-color: white; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; padding: 0pt 0pt 15pt 0pt;"><span style="background-color: transparent; color: #232323; font-family: Arial; font-size: 14.5pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">Advance Tax Relief is rated one of the best tax relief companies nationwide.</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#Tax resolution services</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#IRS tax relief</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#Tax debt help</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#Tax settlement options</span></p><p dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;">#Back taxes owed solution</span></p><div><span style="font-size: 11pt; font-variant-east-asian: normal; font-variant-numeric: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div></span>ADVANCE TAX RELIEF/ NOAH DANIELS EA BLOGhttp://www.blogger.com/profile/17505645475385090309noreply@blogger.com0