It goes like this: You have not filed tax returns. You are self-employed and your income is not reported to the IRS. But you own a home, and pay mortgage interest. Your bank, as it is required to do, reports to the IRS the amount of mortgage interest you paid.
ADVANCE TAX RELIEF LLC – Serving All 50 States
www.advancetaxrelief.com
Call (713)300-3965 - Free Consultation
BBB A+ RATED
**Over 10 Million in Tax Debt and Penalties Forgiven for our clients
The theory is that if you are paying your mortgage, there is a substantial likelihood you have income. But if the IRS has no record of a tax return being filed, the conclusion is that there is unreported income and missing tax filings.
This is clearly the IRS attacking the cash economy – those who are self-employed and for any number of life reasons – divorce, medical problems, business failures – and have not filed tax returns.
This will not always be black and white. Mortgage interest could be paid by non-taxable sources – like refinancing a house, taking cash out and living off the funds during periods of unemployment. But, as the study indicated, there are those who do pay mortgages, have income, and have not filed their taxes.
The best way to handle unfiled returns is voluntarily before the IRS comes calling. Although non-filing is an indicator of criminal tax fraud, in most cases the IRS simply wants tax returns and an approach to the unpaid taxes, like offer in compromise, repayment agreement, uncollectible or bankruptcy. These are civil issues only.
Non-filing can be stressful enough – getting a head start on the IRS is the best way to formulate a plan to prepare the returns and find solutions to nonpayment.
HIRE HELP TODAY!
If all of this seems too overwhelming, then hire a team of professionals to take care of this responsibility for you. Call Advance Tax Relief for a free consultation at 800-790-8574.
We are tax relief experts specializing in IRS back tax help, Installment Agreements, tax lien help, wage garnishment release, IRS Offer in Compromises, tax debt forgiveness and a whole lot more. Get a free consultation from an experienced tax relief expert today (800)790-8574
Some Recent Tax Settlements:
Mr. Dillard - CA Owed $6884, IRS settled for $400
Mr. Batiste - LA Owed $18513, IRS settled for $2972
Mr. Johnson - CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez - TX Owed $28,816, IRS settled for $1700
Mr. Anthony - NY Owed $14,000, IRS settled for $900
Mr. Wilkes - CA Owed 32,211, IRS settled for $1250
Owe the IRS and need help? Call us to discuss your unique situation with Top Tax Attorney or IRS Enrolled Agent (800)790-8574 or visit www.advancetaxrelief.com
Connect with us:
BBB PAGE:
https://www.bbb.org/houston/business-reviews/taxes-consultants-and-representatives/advance-tax-relief-llc-in-houston-tx-90024857
GOOGLE PAGE:
https://plus.google.com/+ADVANCETAXRELIEFLLCHouston
YELP:
https://www.yelp.com/biz/advance-tax-relief-houston
TWITTER:
https://twitter.com/irstaxpro?lang=en
FACEBOOK:
https://www.facebook.com/advancetaxrelief/
#TaxAttorneysNearMe
#IRSFreshStartInitiative
#IOweMoneytotheIRS
#PaymentPlanwithIRS.
#TaxesOwed
#FederalTaxLien
#TaxAttorney
#TaxResolutionServicesCompany
#TaxPreparation
#IRSHELP
#BackTaxReturns
#SmallBusiness
#Form1040
No comments:
Post a Comment