Tax Representation Service Frequently Asked Questions

The Internal Revenue Service is the only agency allowed to seize property without going to court. The IRS will empty your bank accounts, file liens against your property, and garnish your wages directly from your employer in order to satisfy a tax liability. In addition, the Internal Revenue Service can file criminal charges against you for omission of income from returns and denial that the income exists, concealment of bank accounts or property, consistent failure to deposit business receipts to business accounts, substantial and deliberate overstatement of deductions or personal expenses deducted as business expenses, claiming fictitious deductions and many other things. Most of the “tricks” you have heard about that illegally reduce your taxes and hide information from the IRS can leave you open to criminal prosecution. These actions result in fine or incarceration to a federal prison. Ask yourself these questions and let us show you how we can help and avoid these scary and life changing results:

1. I owe the IRS more money than I have, they are sending me notices and threatening to levy my assets. What can I do?

A. It is important that you act quickly. Failure to respond to IRS notices can jeopardize your rights and make the situation worse. There are several options for settling your debt with tax regulatory services. One option might include our representing you and negotiating a payment plan that settles your debt and provides you with affordable payments.

2. I see advertisements on television offering to settle my IRS debt for “pennies on the dollar.” How does that work?

A. As with most things in life, if it sounds too good to be true it likely is. Lawyers or uncertified tax professionals, not accountants, run many of these companies and often paralegals or clerks handle your case. The IRS typically does NOT approve offers that lack an accounting basis and correctly paperwork. Settling with the IRS often requires shrewd negotiation.

3. How does an Offer in Compromise work?

If it is doubtful that you owe the taxes calculated by the IRS or that you won’t be able to financially survive the levies, fines, and payments that the IRS has in store for you, getting a settlement in place quickly is crucial. A taxpayer may file an Offer in Compromise to attempt to have their tax debt reduced or eliminated. The IRS does not typically respond favorably to these applications and we recommend creating a plan of action to negotiate the debt.

In 2010, only 13,886 Offers in Compromise and 40,461 Partial Payment Installment Agreements were accepted by the IRS.

5. What if I have unfiled tax returns?

A. In order to apply for any IRS debt relief, your tax returns must all be filed through the last year possible. If you have not filed, this will be part of the customized plan of action we address to resolve your IRS or State of Georgia tax case.

7. What if the IRS is threatening to levy my bank accounts?

A. NEVER IGNORE NOTICES. The first step is to determine if you owe the tax. You are entitled to a hearing but if you ignore notices, you can lose that right within days. The IRS must be contacted immediately to resolve the situations. If the levy is causing a financial hardship, we will work to suspend the levy and work out a payment plan with the IRS agents

8. I am feeling a little scared and confused about dealing with the IRS, what do I do first?

A. The first step is to have your case evaluated by a professional in order to create a proactive and timely plan of action. No one acting in your best interest can advise you without evaluating the case. Once your unique situation is evaluated, we will discuss your customized plan of action, prepare the forms promptly and efficiently, and provide you with mental and financial relief from this burden.

9. Is the process expensive?

A. Each plan of action is unique to the number of tax years involved and the complexity of your return however; most cases can be handled for $750 or less.

10. What about my state taxes? I live in Georgia.

A. The State of Georgia Tax Division has similar program to the IRS. If you owe federal and Georgia taxes both, this will become part of your customized plan of action. Georgia tends to act very quickly and more ruthlessly with fewer notices than the IRS. In some cases, the Georgia Tax Division fails to notify the taxpayer prior to taking action. If you owe Georgia money, we will work to satisfy requirements quickly as part of your customized plan of action.

Phone us today at (770) 218-9722 to set an appointment to discuss your case.