FILING PAST DUE TAX RETURNS

Delinquent Tax Return, Small Business Tax Preparation, Back Tax Relief

File all tax returns that are due, regardless of whether or not you can pay in full. File your past due return the same way and to the same location where you would file an on-time return.

If you have received a notice, make sure to send your past due return to the location indicated on the notice you received.

Why You Should File Your Past Due Return Now

Avoid interest and penalties
File your past due return and pay now to limit interest charges and late payment penalties.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

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Claim a Refund

You risk losing your refund if you don't file your return. If you are due a refund for withholding or estimated taxes, you must file your return to claim it within 3 years of the return due date. The same rule applies to a right to claim tax credits such as the Earned Income Credit.

We hold income tax refunds in cases where our records show that one or more income tax returns are past due. We hold them until we get the past due return or receive an acceptable reason for not filing a past due return.

Protect Social Security Benefits

If you are self-employed and do not file your federal income tax return, any self-employment income you earned will not be reported to the Social Security Administration and you will not receive credits toward Social Security retirement or disability benefits.

Avoid Issues Obtaining Loans

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

If You Owe More Than You Can Pay

Contact us to see if a tax settlement is right for you. Advance Tax Relief LLC, located in Houston, Texas, is dedicated to helping taxpayers with their back IRS back taxes and IRS tax audit problems. Advance Tax Relief is a tax resolution company with over 25 years of experience working with the IRS to aggressively help clients save thousands of dollars in tax debt, solve tax problems and regain peace of mind." We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more.

What If You Don’t File Voluntarily

Substitute Return

If you fail to file, the IRS may file a substitute return for you. This return might not give you credit for deductions and exemptions you may be entitled to receive. The IRS will send you a Notice of Deficiency CP3219N (90-day letter) proposing a tax assessment. You will have 90 days to file your past due tax return or file a petition in Tax Court. If you do neither, the IRS will proceed with our proposed assessment. If you have received notice CP3219N you can not request an extension to file.

Collection and Enforcement Actions

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

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

Already Filed Your Past Due Return?

It takes approximately 6 weeks for us to process an accurately completed past due tax return.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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STOP IRS WAGE GARNISHMENT AND TAX LEVIES - TAX RELIEF

wage garnishment, bank levy, irs tax help

We offer prompt and effective wage garnishment and levy relief strategies to protect the assets and wages of Houston-area taxpayers

Once your outstanding tax debt and penalties go unsettled for too long, the IRS will take extreme measures by imposing collections against you in the form of a wage garnishment or bank levy to satisfy what is owed to them. it's an unfortunate reality for many individuals and business owners in and around Houston, as it is extremely intrusive and crippling to ones personal and financial welfare.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

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Again, time is of the essence in settling your tax problems, and regardless if you have already received collection letters in the mail by the IRS or not, the TIME IS NOW to take the necessary steps to stop wage garnishment/levies, and protect your hard-earned assets and wages.

How Wage Garnishments & Levies Start

It's important that we first and foremost clear up any rumors or misconceptions regarding garnishments and levies. Many local taxpayers with outstanding tax debt may live in fear that they will wake up one day and see a portion of their bank accounts missing or their paycheck compromised.  The IRS can't, and won't, exercise a collections against you without notifying you and providing ample time to take action.  Also, beware of phone calls from people claiming that they are with the IRS asking for payment, as this is a scam, DO NOT COMPLY. So, with that being said, let's outline the reality of IRS collections and how they unfold.  When the IRS decides to target you for a garnishment or levy, you will receive up to 2 collection letters in the mail notifying you of an impending collection, your time-frame to take action, and the nature of your collection if it does manifest.

Naturally, if you do not comply with the terms given in the letter, you will be victimized by a collection.  The IRS will supersede any legal boundary to either seize a portion of your paycheck, your bank account, or your business assets.  Could you live in comfort while the IRS strips away your hard-earned money and assets?

How to Stop Wage Garnishment and Levies

If you have already received the warning letters via mail, are currently being victimized by collections, or would like to take the proactive steps to avoid an IRS collection, it's absolutely crucial you pursue professional wage garnishment and levy relief today. 

Our tax relief specialists have helped hundreds of taxpayers stop and avoid IRS collections, and help them stay on track to maintain healthy tax status and protect their assets.

Contact us today to Stop Wage Garnishment & Levies

The key in resolving and avoiding IRS collections begins with taking prompt action.  We will evaluate your case and can stop wage garnishment and levies usually within 24 hours.  The consultation is free and get the professional help you need to protect your assets.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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DIVORCE MADE A LITTLE MORE DIFFICULT - NEW TAX CHANGES TO ALIMONY

IRS Audit, Tax Tips and Help, Alimony

The Tax Cuts and Jobs Act of 2017 created significant changes in exemptions, deductions, and credits for your federal taxes. One change you may not have noticed is the way alimony is treated.

If you have a divorce in progress, you are already too late to take advantage of the alimony deductions as they were before December 31, 2018. But if you are thinking of modifying your alimony agreement, be aware that doing so could change things for your taxes.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC

www.advancetaxrelief.com

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CALL (713)300-3965

How Alimony Deductions Changed

Before the TCJA swept through, alimony payments were deductible for the payer. The more you paid in alimony, the bigger your deduction. The recipient was required to claim the alimony as income, and so it was taxed. However, since the recipient was typically a lower-income individual, the tax bite wasn't as bad.

Both parties had a small win, and there was an incentive for the payer (the spouse with the higher income) to agree to higher alimony payments. The recipient had more money to work with, even with reporting alimony as income.

TCJA reversed all that, and some of the disadvantages of the new law are coming to light for divorcees.

The Rules for Alimony, Then and Now

Alimony is dependent on a divorce decree, separate maintenance agreement, or written separation agreement.

There were, and still are, several requirements to meet when reporting alimony on your tax returns.

You must show a written instrument, meaning a written agreement for the separation and the amount of alimony.

The payment must be to or on behalf of a spouse or ex-spouse.

The payment may not be stated as “not alimony.”

The ex-spouse may not live in the same household nor file jointly.

Alimony may not be counted or marked as child support, which the IRS also considers separate from income tax.

The payer return must include the recipient’s social security number.

The alimony payment obligation ends at the death of the recipient.

The alimony agreement must have been in a final settlement or court order by midnight on December 31, 2018.

Temporary agreements don’t count and will not hold up in tax court.

Since many couples hold off on finalizing a separation or divorce until January (presumably to keep the holidays less stressful?), there were a lot of couples and divorce lawyers rushing to get things done early.

Most of the requirements you see here are still in effect, but who claims alimony as a deduction and who claims it as income has been completely reversed. Alimony payments are no longer deductible, and it is not entered as taxable income for the recipient. 

Modifications Finalized After December 31, 2018

Obviously, if you finalize your divorce now, it’s under the new rules. But what about an agreement made before the deadline?

If your divorce was executed by midnight December 31, 2018, your alimony is still treated the old way for tax purposes. You can still deduct payments, and the recipient must still report them as taxable income.

The catch comes if you make a modification in the separation or divorce agreement, that is finalized after the deadline. The new rules about alimony and taxes take effect if:

The modification changes the terms of alimony or separation payments.

It specifically states that the alimony or separation payments are not deductible by the payer or allowed for inclusion in the income of the recipient.

Therefore, if you want your alimony to be treated under the old rules after a modification, you and your lawyer need to check both these boxes.

When the Sun Sets on the Tax Cuts and Jobs Act

The TCJA was written with a sunset clause. All the elements of the act will expire in 2025 except for one - the changes to alimony taxation. Those go on in perpetuity unless a new law is passed changing it.

If you are negotiating a separation agreement or divorce now, you need to take the possibility that alimony taxation could change yet again in the future. The change due to the TCJA came after alimony rules had remained the same for over 70 years, but now it’s difficult to say what will happen in the future.

Potential Impact to Separation Agreements Going Forward

Experts foresee several issues for divorces in the future.

There is no longer an incentive to agree to alimony for the payer.

Alimony will likely decrease, possibly by as much as the amount of the lost tax break.

An unemployed spouse will no longer be able to make contributions to an IRA because he or she will not have the income to qualify for one.

More divorce cases will go to court.

Agreements for child support will become more contentious and complicated.

For the recipient spouse, none of this is good news. Already strapped for cash, he or she also sees the opportunity to save for retirement disappear. Less money is available for living expenses. Add in the additional costs if the divorce is taken to court, and deciding to divorce becomes even more difficult than before.

Other changes in the tax laws may cause additional problems.

Caps on mortgage interest deductions and state and local tax deduction may make it difficult for a spouse to keep the marital home, particularly in high-tax states like California. Mortgage interest deductions are now capped at $750,000, and SALT (state and local tax) deductions are capped at $10,000.

The one keeping the house may be better off selling it. Then the newly single individual can exclude up to $250,000 in capital gains. The division of property rules remains the same.

However, if the paying spouse declares bankruptcy, the division of property payments go away. Alimony does not. Also, wage garnishment for the paying spouse who skips payments for a division of property is 25% but skipping alimony payments will allow garnishment of up to 50%.

The final impact on separation agreements may be to pre-nuptial and post-nuptial agreements. Something to keep in mind.

Minimizing Taxes under the New Rules of Alimony

There are still a few ways to make the bite less painful.

Transfer IRA accounts to the lower-income spouse if applicable to shift the tax burden when the IRA is accessed. However, make sure to tell the lower-income spouse the consequences.

Set up a charitable remainder trust (CRT), a tax-exempt irrevocable trust designed to reduce individual taxable income by dispersing income to the trust beneficiaries for a specified period and then donating the rest to a designated charity.

Consider a lump-sum payment instead of monthly payments. The lump-sum can then be invested or used to pay for home repairs.

Strategically dispose of investments between spouses during negotiations.

Divorce is already a difficult transition. It’s too bad that the new tax law creates new problems, but there are options to keep the sting to a minimum when it comes to alimony. Educate yourself on the new tax law and follow up with your attorney if you are in the process of negotiating a separation agreement.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

 

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

 

Advance Tax Relief is rated one of the best tax relief companies nationwide.

 

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UNDERSTANDING HOW TO RESOLVE UNFILED TAX RETURNS - TAX RELIEF

The IRS has taken down Al Capone, Wesley Snipes, Martha Stewart and other big names in the past for tax fraud. The federal government takes taxes very seriously.

Not filing your tax returns is a serious offense. Although there won’t be a nationwide manhunt for late returns, you may still see some hefty fines and possibly jail time.

What Happens When You Don’t File Tax Returns?

The IRS requires you to file your tax returns by April 15th every year. Filing your tax returns isn’t the most exciting thing in the world but it’s important. Many people either put it off until the very last minute or fail to file altogether.


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Not filing your tax return can have costly consequences. Here are some of the penalties you may face when you don’t file your tax returns:

1. Late Penalties
The penalty for failing to file your tax returns or filing late takes effect on April 16th. You’ll owe the government 5% of the unpaid taxes in penalties for every month that they remain unpaid. That penalty, however, caps at 25%.

If you file by April 15th but owe the government and fail to pay the debt by that time, then a lesser penalty will be levied upon you. You can get charged between 0.5% to 1% of the unpaid tax debt for every month that it remains unpaid. Remember, you are required to file by the April deadline each year. In some cases, you can get an extension to file your taxes, but you’ll need to go through the proper channels and paperwork to do this.

2. You Could End Up Forfeiting Your Tax Refund
The IRS gives you three years to claim your back tax refunds. If you keep missing or failing to file your taxes, you will have effectively forfeited those back-tax refunds after the third year. You’re basically losing out on free money that you could most likely use.

3. Your Refund Can Be Delayed
The government can take time investigating your taxes when you consistently file late. Furthermore, the fact that you delayed filing your taxes means that there will be penalties levied. This can lead to your tax refund being delayed or forfeited altogether depending on the fines.

Even though the 5% per month penalty takes effect on the 16th of April, the IRS will still send letters with codes such as CP515, CP516, CP518 and CP515B. If you fail to act on these notices and don’t file your taxes or pay what you owe the government, you can end up facing jail time.

The fine for failing to comply with IRS can reach as high as $25,000. The jail time can be as long as one year for every year that you failed to file your taxes.

What Should You Do When You Have Unfiled Tax Returns?

When you don’t file your taxes on time and fail to heed the warnings sent by IRS, they will prepare a substitute tax return on your behalf. They base the information they use on the information they already have including W-2 and 1099 forms.

The letter you get from the IRS will state the sources of income that the IRS used to calculate the substitute returns.

Once the letter is prepared and sent, the IRS gives you 30 days from the official date of the letter to do the following:

Send in a completed tax return
Send in a letter consenting to the assessment and collection form
Send the IRS a letter explaining the reason you couldn’t file your returns
If, however, you want to file your back taxes to avoid further penalties, here are the steps that you need to take:

1. Get the Information You Need to File Your Back Taxes
You can start by requesting that the IRS send you your W-2 and 1099 forms. If, however, you are self-employed then you need to gather all the documents showing any sources of income that may not be on file with the IRS.

2. File Your Tax Return
Be sure to complete the tax return form as accurately as possible. You can even enlist the help of a qualified tax preparer to ensure that you don’t miss anything. If you need more time to complete unfiled tax returns or pay the money you owe, you can contact the IRS to see if you can get an extension or agree to a payment arrangement. This can help you avoid further penalties.

3. Monitor Return Processing and Compliance
You need to ensure that you monitor the return processing by asking for your account transcript to ensure that the IRS got your returns and that you have adhered to everything.

The IRS requires you to achieve tax compliance by filing all unfiled back taxes. In some cases, you may need to go back as far as six years. However, every account is different, and you need to be in open communication with the IRS. This will help ensure that you have fully complied to avoid jail.

There is some good news. Depending on your circumstances and how open you are with the IRS, you may qualify for IRS Amnesty or Reasonable Cause. This means that your penalties, fines and payment are either reduced or waived.

No matter the case, the IRS investigates unfiled taxes. To avoid the penalties, do your best to adhere to tax compliance by filing your tax returns by the April 15th  deadline.

GET TAX RELIEF HELP TODAY
If you think that you may need help filing your 2018/2019 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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FILING UNFILED BACK TAX RETURNS

how to file unfiled tax returns

In most cases, if you didn’t file a previous year’s tax return, you can do it retroactively. Although often more cumbersome, you can prepare and submit most state tax returns late.

There are many consequences to not filing Federal tax returns (IRS) and State when you are required or you have a balance owed. In most cases, filing a tax return is usually in your best interests. Here are the steps to file back taxes or deal with unfiled returns.

COLLECT ALL THE NECESSARY DOCUMENTATION

You need W2’s, 1099’s, and all other relevant forms for the year in question. If you are itemizing deductions, you also need receipts and records to back up your claims. If you don’t have these forms, contact your employer, former employer, or a financial institution. With wages, you can often get the numbers you need from your last pay stub of the year.

If you can’t get a hold of these documents, contact the IRS directly at 1-800-829-1040 or request the IRS mail you a wage and income transcript (IRS online system not available for new users at this time). Usually, wage and income tax transcripts go back up to 10 years. Therefore, you can obtain 1099 and W2 information, even if you cannot locate these documents.

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If you are self-employed and were 1099’d, IRS wage and income transcripts will help you determine your income for a taxable year. Also, you can obtain bank statements that will also help you identify income and expenses.

LOCATE THE NECESSARY TAX FORMS

When filing back taxes, you need to use the tax forms from that year. For example, if you are preparing an individual tax return for 2015, you have to use Form 1040 for 2015. This is because the rules and credits may change from year to year. You can find most old forms online. If you cannot find the one you need, contact the IRS or your state’s Department of Revenue. However, remember, if you are using software or a tax preparer, then you will not need to find the forms.

USE A TAX PREPARER OR A SOFTWARE PROGRAM

Although optional, getting professional help can make the process easier. If you use a software program, make sure to use the application for that year. Most computer software such as TurboTax, don’t allow you to file old tax returns online. Instead, you need to order a CD or download the software for the relevant tax year. A tax professional can handle everything generally with the software they use, including finding the right forms, for you. However, it is always best to check with the tax professional as some tax years may be unavailable.

SENDING IN YOUR TAX RETURNS

In most cases, you can’t submit old returns electronically. Instead, you need to mail them to the IRS or your state revenue department. Send your returns to the address on the tax return or tax return directions. If you receive a notice reminding you to file a return, use the address on that IRS letter.

If you are working with an IRS Revenue Officer, you should send the complete returns to that person. When in doubt, contact the IRS or state directly.

OTHER CONSIDERATIONS

If you are filing old IRS tax returns, in most cases, the IRS will want the last six years. State tax laws may be different, so it is best to check with your state a licensed tax professional (attorney, EA, CPA).

Filing your return is the first step to getting back into compliance with the IRS and most states. Filing a tax return is usually a smart move even if you can’t afford to pay off the balance in full. Filing reduces or prevents penalties, and once you file, the IRS and most states are willing to work with you.

It is always recommended that you work with a tax professional to file tax returns. Moreover, it is essential that a tax professional first complete a financial analysis and tax investigation. A review of your current income, expenses, liabilities, assets, and tax transcripts will help the tax professional determine your best courses of action.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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#OfferInCompromise #WageGarnishmentHelp #AuditReliefHelp #SmallBusinessTAXES

OWE THE IRS - HOW SAFE IS YOUR BANK ACCOUNT?

IRS bank levies and property seizures

An IRS levy on your bank account can be disastrous – checks not clearing, bank service charges, and concern over paying basic living expenses from the lost funds.

The good news is that tax law gives you a 21 day window to get the money back into your account before your bank sends it to the IRS.  After the money is deducted, the bank holds it for this 21 day period. This waiting period, mandated by Internal Revenue Code 6332(c), provides a valuable opportunity to contact the IRS, negotiate a release of the levy, and have the money returned to your account.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

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Equally important is that an IRS levy on your bank account is not a continuing action with every dollar you deposit deducted from your account on an ongoing basis and sent to the IRS. Rather, an IRS bank levy is a one time only deduction from your bank account.  See Internal Revenue Manual 5.11.4.3.

Here is how it works: when your bank receives and processes the levy, it takes only the money on deposit at that time.  If the bank processes the levy on Wednesday when there is $500 is in the account, that money will be deducted from your account.  If you then put $500 in the account on Thursday, that money is yours and is not sent to the IRS.  The money deducted on Wednesday is held for 21 days, then sent to the IRS if not released.

The IRS generally refrains from making successive levies on the same source. Once the levy is sent, successive levies sent out in rapid fashion are unlikely in most cases.

IRS bank levies provide time for release and return of the funds, an advantage that should not be squandered.  Timely response and proper negotiation can recover the funds back into your account.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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#OfferInCompromise #WageGarnishmentHelp #AuditReliefHelp #SmallBusinessTAXES

TAXPAYER SENTENCED FOR FAILING TO PAY OVER WITHHELD PAYROLL TAXES

Court documents revealed that for a 24-year span beginning in 1992, Terra Ferguson, of New London, North Carolina, served as an office manager at a Randolph County, North Carolina pediatric doctor’s office. In her role, she was responsible for, and had complete control over, the practice’s finances. Additionally, her role included being responsible for payroll taxes.

Prosecutors alleged that between 2011 and 2016, Ferguson caused nearly $80,000 to be withheld from employee paychecks but willfully failed to pay the withheld taxes over to the IRS.

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Under federal tax law, those who are responsible for the payroll tax function are required to withhold, account for, and timely pay over the withheld funds to the IRS. Additionally, Ferguson failed to pay the practice’s share of employment taxes. Investigators determined that Ferguson spent the money on her own personal expenses, including her own business ventures.

It is extremely common for those involved in payroll or employment tax crimes to also be non-compliant on their individual income tax returns. In the present story, Ferguson prepared false tax returns for her employer, which included an exaggerated mortgage interest deduction and the under reporting of gross receipts. Prosecutors asserted that the approximate tax loss of Ferguson’s criminal activity is nearly $375,000.

In addition to serving 14 months in federal prison, Ferguson will serve three years of supervised release. She was also ordered to pay restitution to the IRS in the amount of $374,101.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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THE IRS SENT ME A NOTICE FOR NOT FILING A TAX RETURN - WHAT SHOULD I DO?

Once a non-filer has been identified, a series of computer-generated notices are mailed to the taxpayer at their last known address. Where no response is received on the notices the case is assigned to the Collection Division of the IRS.

The Automated Collection System (ACS) within the Collection Division may eventually attempt to contact a taxpayer by telephone seeking the delinquent returns. If ACS is unable to secure the delinquent returns, a Revenue Officer may be assigned to contact the taxpayer in person at their home or place of business.

The Revenue Officer has the option of determining if fraud has been committed by the taxpayer, in which case a referral may be made to CID for possible prosecution.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ RATED
CALL (713)300-3965

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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HOW TO FILE BACK TAX RETURNS WITH THE IRS

Back tax returns, at a glance:

Not filing a required return is a serious issue with the IRS.

If you don’t file, the IRS can file a return for you — with taxes and penalties.
You should take special care when preparing and filing late returns, because the IRS gives them extra scrutiny.
You can get expert help filing back tax returns with the IRS.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ RATED
CALL (713)300-3965

WHAT YOU NEED TO KNOW ABOUT DELINQUENT BACK TAX RETURNS

Most taxpayers are required to file a tax return every year. The IRS keeps a record of taxpayers who are required to file but don’t – and the IRS can pursue those returns. That can mean stiff consequences and increasing complications.

If you have back tax returns, the IRS can charge you expensive penalties, hold your refund and even file a return for you without any credits or deductions in your favor (called a substitute for return).

Whether you have one or many returns to file, you or your tax pro should start taking steps right away to file an accurate and complete tax return that will get you back in good standing with the IRS.

Here’s what to do.

1. Get all the information needed to file the past-due return.

Start by requesting your wage and income transcripts from the IRS. These transcripts will help you identify the Forms W-2 and 1099 that you will need to prepare your return. You can also order your account transcript to see any estimated tax payments or other credits posted to your account for that tax year. Learn how to research your IRS account.

Gather information about self-employment, investments, and any other income that isn’t on file with the IRS.

Review your situation for deductions and credits.
If necessary, ask the IRS for more time to file the late return, to avoid any enforcement actions (such as a substitute for return, levy, or lien).
Identify any special processing needed for your late-filed return (such as date-stamping or filing with an IRS compliance unit).

If you have several past-due returns to file, the IRS normally requires that you file returns for the current year and past six years. But your specific facts and IRS rules will determine how far back you should file.

2. Complete the return and submit it to the appropriate IRS unit.

Complete your tax returns accurately. It’s best to double check your return against your IRS transcripts to make sure that you included all your income as it was reported to the IRS, and that you included all your withholding/estimated tax payments.
If you owe and can’t pay the full amount, consider requesting a payment arrangement with the filed return.

Attach a penalty relief request to the return, if applicable. If you have one past-due return to file, you may qualify for penalty relief on any failure to file and failure to pay penalties. If you have multiple returns to file, it’s more difficult to process the return and manage the resulting penalties and balances owed. You’ll need to investigate your penalty relief options further in these complex situations.

Send your return to the right IRS location.
Make sure you get proof that you filed, in case the IRS doesn’t process your return or you experience related compliance activity (like IRS collection notices, a lien, a levy, or an unfiled return investigation).

3. Monitor return processing and other compliance activities.

Periodically request your account transcripts or contact the appropriate IRS unit to make sure that the IRS processed your return.

If the IRS took prior actions on the un-filed return (such as filing a substitute for return), follow up to ensure that the IRS closed the case with no matters outstanding.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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FRESH START WITH THE IRS? HOW IT REALLY WORKS

 Currently Not Collectible, Form 433A, Installment agreements, IRS Financial Statements, Offer in compromise, Trust fund recovery penalty

An offer in compromise can put IRS troubles behind you and bring a fresh start on your taxes.

But the road to a fresh start with the IRS is not necessarily as simple as it may sound.

The IRS has very strict criteria that they use to determine if a tax debt should be compromised.

NEED HELP WITH IRS BACK TAXES, AUDIT REPRESENTATION OR SMALL BUSINESS TAX PREPARATION?

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
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CALL (713)300-3965

Before jumping in with a compromise, there is much you need to know about the IRS settlement process, including:

–     Whether you should even file an offer in compromise.  For example, if the IRS has a limited time left to collect your debt (out of the 10 year period they are given by law), should you jump in or remain on the sidelines?  Sometimes, it is better to hold ’em, but you need to know when.

–     What are your chances of success. The IRS rejects more comprises than it accepts, due in part to its rigorous financial guidelines that are used to determine if they should settle or if they believe they can get paid in full.  Know if your situation merits the time invested to settle ahead of time.

–     How to use the internal IRS criteria to negotiate the best settlement.  It is important to know the IRS offer in compromise valuation formula before jumping in.  Do you make too much to settle?  What if you spend too much and the IRS wants you to cut your budget so you can pay them more?  The IRS has specific formulas that are used in valuing a compromise that should be reviewed and applied to your situation before jumping in.

–     The best ways to handle the full financial disclosure that the IRS requires.  The IRS wants to know where you work, bank, the amount in your retirement accounts, what cars you drive, what your house is worth, what you make, and what you spend.  What if your income varies year to year, and right now it is at a high?  What income do you pick (hint: the IRS permits income-averaging over several years to even out the highs and lows)?

–     How to complete the IRS financial statements and compromise forms.  For example, the IRS guidelines permit you to reduce the value of your cars and house by 20% on the financial statements, effectively lowering the value of your compromise by 20%.  Proper completion of the forms can result in significant savings in settlement.

–     Your rights to dispute an IRS rejection of an offer in compromise.  Maybe they think your home is worth more than it is.  Or aren’t allowing you necessary living expenses.  Or think you earn more than you do or will in the fixture.  Either way, any IRS compromise decision is subject to an independent review by the IRS Office of Appeals.  Many offers that are initially turned down are ultimately accepted by appeals.

Success with an offer in compromise is based on knowing the IRS’s settlement guidelines, understanding how to apply those rules to your situation, and responding if the IRS does not properly follow and implement them.

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2018/2019 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

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#OfferInCompromise #WageGarnishmentHelp #AuditReliefHelp #SmallBusinessTAXES