Unpaid Payroll Taxes / IRS Payroll Tax Help
Unpaid back payroll taxes are a very serious IRS tax debt problem. Employers are required to withhold payroll taxes from employees and these funds are held "in trust" until deposited with the IRS along with the employer's matching contribution. If there are unfiled payroll tax returns, it is typically because the funds weren't available to pay the IRS taxes due with the tax returns. It is critical for operating businesses to find a tax resolution to unpaid back payroll taxes. Penalties will quickly reach up to 25% of the original tax owed, and interest will start accruing on the payroll tax debt. Not only could the business be at risk but there are personal liabilities involved.
Stop Tax Levy / IRS Tax Levy Help
If you've received an IRS Notice of Intent to Levy, immediate action is crucial to try to stop this IRS tax levy, and secure a tax levy release. If you're like most taxpayers, you do not know IRS tax levy rules or how to have an IRS tax levy "lifted". If you find your bank accounts are frozen, then you've already experienced an aggressive IRS collection tactic. An IRS bank levy will create immediate financial hardship. The IRS isn't required to provide notice of intent to levy a bank account. The IRS has extensive tax levy powers. If you suspect you're at risk of a future IRS tax levy, if you need to stop a current IRS tax levy, or have a bank levy released, our tax debt attorneys are best suited to provide expert tax debt help.
IRS Settlement/Settle Back Taxes
IRS settlement is the most desired form of IRS tax relief. Most taxpayers actively seek IRS tax problem help because they owe back taxes. IRS tax settlement has become well known because of increased marketing efforts telling taxpayers they can "settle IRS tax debt for less". The formal term is IRS Offer in Compromise. If you owe federal back taxes and you are seeking back tax assistance, then IRS settlement is a form of tax problem resolution you may qualify for based on financial hardship. Specific guidelines for tax debt settlement are imposed by the IRS. The IRS will determine your level of financial hardship through a detailed investigation of your finances. Expert tax debt help is recommended due to the complexity of applying for this form of IRS tax relief. Our tax debt attorneys and advisors are prepared to assist you with IRS tax debt settlement help.
IRS Wage Levy / IRS Wage Garnishment Help
An IRS wage levy is a paycheck garnishment that your employer is required by law to process after receiving an IRS Order to Withhold Notice. This drastic collection method is employed by the IRS to satisfy federal back taxes owed. If you are like most taxpayers, then you cannot afford to have any portion of your paycheck garnished without suffering severe hardship. It is possible to stop an IRS wage levy with a release. However, you cannot secure an IRS release until all back tax returns have been filed. A tax debt attorney should be consulted to expedite the completion of any back tax returns as well as lifting the IRS wage levy.
IRS Tax Liens / IRS Federal Lien Release
If you owe back taxes, the IRS has the right to place a federal tax lien on your home or any other property or assets you own. This puts the IRS first in line to receive money upon the sale of your residence, or these other assets. IRS tax liens are reported to the credit bureaus and are harmful to credit ratings, making it difficult to be approved for future credit. There are stipulations that allow for the release of a federal tax lien. If you have received a Notice of Federal Tax Lien, and need to stop this IRS lien, our tax debt attorneys specialize in IRS tax liens. They may be able to secure a Certificate of Release of federal tax lien. There is tax debt help available for an IRS federal lien.
Other Types of IRS Tax Debt Help Available
If you are facing an IRS tax debt problem, there are many tax relief solutions available but it is wise to have tax debt attorneys or advisors determine which IRS tax relief programs may best fit your specific tax problem. Some forms of IRS tax relief allow you to reduce or settle the actual federal back taxes you owe while other tax relief solutions will reduce your accrued interest or tax penalties (or both). Common types of IRS tax relief are Installment Agreements, Innocent Spouse Relief, Reinstatement of Earned Income Credit, Penalty and Interest Abatement, or Currently Not Collectible Status.
IRS Tax Problem Help is intended to provide you with a reliable and reputable firm of tax professionals and attorneys to review your specific tax situation and determine how they can best assist you. The information you complete using our online form is kept strictly confidential. Your consultation is free and without obligation. To learn more about us, Click Here.
