Services
Tax Relief Assistance offers an array of services for individuals, families and businesses that find themselves having to deal with an audit or a collection action by the IRS.
Don't face them alone! Contact us today.
Tax Planning
Many clients do not realize how tax planning at the beginning of the tax year can have a significant impact on the end-of-year tax return and how much they pay in taxes.
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Tax Compliance
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The IRS will not work with taxpayers on the more complex methods of tax resolution unless the taxpayer is in “compliance”. What this IRS term entails is that the taxpayer has filed all his or her tax returns for the past six years.
Offers in Compromise
This is the tax relief often heard of in the news when some celebrity or especially some big corporation settles their tax bill with the IRS for “pennies on the dollar.” The fact is that there are three main reasons the IRS will consider and offer in compromise...
Currently Not Collectible
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Now we get to one of the biggest tools in our tax relief toolbox. Essentially, the IRS has 10 years to collect the tax due (plus penalties and interest) for a specific year tax return. The 10-year clock starts from the date the tax return for the tax year in question was filed or April 15 of the following year...
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Trust and Fund Recovery Penalty
Trust fund taxes have to do with the payroll taxes for a business that pays anyone W-2 wages or for tax withheld on a 1099-MISC for an independent contractor who has worked for your business. Following is a quote from the IRS website that defines a trust fund tax.
Installment Agreements
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An Installment Agreement is an IRS instrument to allow the taxpayer to pay a currently due tax liability in smaller payments over a period of months/years because the taxpayer is unable to pay the liability in full when due or assessed. There are three types of Installment Agreements as explained...
Penalty Abatement
Most often, when the IRS assesses taxes due or additional taxes due after a review or an audit, the taxpayer will receive a collection notice that includes penalties and interest. The interest due is calculated on the new assessment of taxes from the date that those taxes would have been due and should have been paid...
Innocent Spouse Relief
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This type of relief is available only to married couples who have filed a joint return. Innocent Spouse Relief requires the following conditions:
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There is an understatement of tax on the return due to an erroneous item of the other spouse
Injured Spouse Relief
Injured spouse relief occurs where a married couple files a joint return and all or part of an expected refund is applied against one spouses' past-due federal tax, state income tax, child or spousal support or federal non-tax debt, such as a student loan.
Audit Representation and Reconsideration
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Many taxpayers’ greatest fear is having their tax return audited by the IRS. It need not be so. You only need to understand as you start an audit that the burden of proof is on you, the taxpayer, to prove the numbers on your return are correct. If you have kept good records, it will help immensely. Two things you should know going into an audit that our firm can help with: