IRS Tax Relief
Are you looking for IRS tax relief? If so, you have come to the right place. Our trusted tax lawyers have years of experience helping clients with their tax debts and will work with you to help lower your tax liabilities and get you the IRS tax relief you deserve. Get a free and confidential tax analysis today by calling 888-TAX-LADY or filing out the contact request form below.
Tax Relief
The IRS is forced to work with each taxpayer to find a resolution to the taxpayer’s past-due tax liability, based on that taxpayer’s unique and specific financial situation. Therefore, in order to facilitate effective tax collection, the IRS offers several tax relief programs to taxpayers with past-due federal income tax liabilities. The purpose of these various tax relief programs is to offer different ways for taxpayers to resolve their tax liabilities based on their unique financial situation. Some of the most common tax relief programs are the Offer in Compromise, Installment Agreement and Currently Not Collectible Status.
Income Averaging: The Double Edged Sword of Fluctuating Income
The term “income averaging”, when used to determine a taxpayer’s reasonable collection potential for Internal Revenue Service (IRS) collection purposes, refers to the use of an average of the taxpayer’s past income in lieu of the taxpayer’s current earnings. Specifically, the current earnings of the taxpayer are substituted with an average of the taxpayer’s historical earnings.
Resolving an IRS Tax Debt through the Taxpayer Advocate Service
Have you ever dealt with an IRS representative who is less than helpful? This is a frustrating predicament for taxpayers that just want to put their IRS tax debt behind them so they can move on with their lives. However, it is easy to forget that the IRS is staffed by human beings with all the common foibles of ordinary people. Even though they may not always demonstrate them openly, IRS representatives often allow their own emotions and personal problems to creep into their work. Furthermore, IRS employees have varying levels of competency and skill. If you have been working with the IRS to settle your tax liabilities and feel that you have been treated unfairly or incompetently, you may want to request the assistance of the Taxpayer Advocate Service.
Injured Spouse Relief
A number of issues arise when you marry a person who has an IRS back tax liability. A common problem is that the IRS may begin keeping your annual tax refund to pay your spouse’s tax bill. Fortunately, the IRS Injured Spouse Relief program provides a fairly simple solution to this problem.
Tax Amnesty
Many taxpayers that owe the Internal Revenue Service (IRS) back taxes and don’t have the ability to pay them often confuse “tax amnesty” with “tax resolution” or “tax relief.” Tax amnesty refers to criminal tax matters while tax relief refers to non-criminal alternatives. In most cases, taxpayers seeking IRS tax relief do not owe the taxes because of criminal conduct. The IRS’ tax amnesty program called the “Voluntary Disclosure Policy” allows the IRS to forbear criminal prosecution of a taxpayer where a taxpayer voluntarily submits before the IRS has begun a criminal investigation.
Preparing Profit and Loss Statement for the IRS Collection Division
The IRS offers several tax relief programs to taxpayers with past-due federal income tax liabilities. The purpose of these various tax relief programs is to offer different ways for taxpayers to resolve their tax liabilities based on their unique financial situation. Some of the most common tax relief programs are the Offer in Compromise, Installment Agreement and Currently Not Collectible Status. All of these programs require the IRS to perform a detailed analysis of the taxpayer’s financial situation. In order for this analysis to be completed, self-employed individuals will be required to provide the IRS with a Profit and Loss Statement. A Profit and Loss Statement is simply a document that lists all of the business income and business expenses over a specific period of time.
Innocent Spouse Relief
More than a few married Americans have gotten an unexpected surprise from their marriage, an IRS tax liability. Fortunately, federal tax law provides these unhappy spouses (and former spouses) with possible IRS tax relief under the Innocent Spouse Program.
IRS Collection Appeal Rights
What Collection Appeal Rights do taxpayers have with the Internal Revenue Service (IRS)? There are many IRS collection actions that the taxpayer can appeal. There are two main procedures available to taxpayers to contest collection actions by the IRS: Collection Due Process and Collection Appeal Process.
