We have provided answers to some of our Frequently Asked Questions on this page. If you do not find an answer to your question, CONTACT US. If you have a question that requires an immediate answer, use our Live Chat Link below.
Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.
If I don't agree to the amount of taxes the IRS is assessing, can I settle for less?
Yes, the IRS may agree to an “Offer in Compromise” whereby you are allowed to settle for less than the full amount owed. TaxBiz USA can connect you to experienced and successful tax resolution specialists who will take the time to listen and understand the circumstances surrounding your tax issue and, if applicable, work closely with you via an “Offer in Compromise” with the IRS.
If I owe the IRS money, but can't afford to pay the full amount, is there a way I can get on a payment plan to avoid IRS collection action
Yes, if your financial circumstances make it hard for you to pay in full, the IRS often will agree to extending you payment terms so that you can pay off your tax debt over an acceptable period of time without putting you under undue financial duress. It is important to note, however, that you must live up to the terms of your installment agreement. If you default on your agreement, the IRS could take further enforcement action against you via a federal tax lien or IRS levy.
If I am experiencing a tax problem with the IRS, can I represent myself or should I consider getting help from professional tax resolution specialists?
You have every right to represent yourself and face the IRS alone, but it is important to understand that IRS tax issues and enforcement measures are based on federal law. Unless you have a strong understanding of complex federal tax code, legal tax remedies, and all of the tax relief options available to you, it is a wise choice to take the time to speak to an experienced team of tax relief specialists – experts like TaxBiz USA with a proven track record of providing taxpayers with relief. This could not only remove tax stress and give you much needed peace of mind, but it could also, quite possibly, save you thousands of dollars as well.
Do You Do Tax Preparation?
Yes we do! Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government’s General Accounting Office, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer.
Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.
Here’s what you get:
- Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
- Your tax return can be filed electronically so you will get a refund back quicker.
- Our staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.
- We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year’s tax liability.
- Books a Mess? No Problem!
If you own a small business and haven’t kept up your bookkeeping, don’t worry. We can help you. We’ll prepare your bookkeeping for the year, prepare a full Schedule C, as well as your personal income tax return. Then we’ll help you set up an easy system that allows you to keep your books in tip-top shape next year.
If you’d like to receive more information about our Tax Preparation Service, please CONTACT US.
Why Choose Us For IRS Audit Representation?
Are you having problems with the IRS?
We’re here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discreet. The IRS problems will not just go away by themselves; they just keep getting worse with penalties and interest being added each day.
If you owe the IRS, you have a very serious problem. It may take the IRS several years to catch up to you, but they’re relentless and have no mercy in collecting all the money that is owed. When the collection process starts, they’ll make your life miserable and literally ruin all aspects of your life.
We use several approaches in our complete IRS problem resolution services to get you relief and piece of mind.
IRS Audit Representation
Rarely do our clients have to talk with the IRS. We handle it all for you so that you need not take time off of your job to handle the bureaucracy and paperwork of the IRS.
Non-Filed Tax Returns
If you do not file, you can be prosecuted and punished with potential jail time, one year for each year not filed. Why risk potentially losing your freedom for failing to file your tax returns?
Back Taxes Owed
It’s amazing how fast tax penalties and interest add up. Luckily, we offer several options when it comes to resolving unpaid taxes. Complete this form to get a Free Consultation with our tax specialist.
Payroll Tax Problems
The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees’ withholdings.
Liens filed against you by the IRS also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home.
We are often able to get levies released and help you get out of a terrible situation. Our goal is to get you even with the IRS and let you start life anew.
IRS Wage Garnishment
The payment plan negotiated by us is always more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments.
A Seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets; your home, cars, boats, jewelry, motorcycles, insurance polices, and even your retirement funds.
IRS Payment Plan
If you don’t qualify for the IRS Offer In Compromise program, a Payment Plan may be the way to resolve your problem.
Offer In Compromise
Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program?
Your back taxes, interest and penalties can be wiped out by filing bankruptcy. If you qualify, bankruptcy can be the best solution to resolve your crushing tax problems.
Innocent Spouse Relief
Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse.
Get Your IRS File
Most people would be surprised to learn how much the IRS knows about them. Obtaining a copy of your IRS file is critical in analyzing the options available to resolve your tax problems.
What is Tax Planning?
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.
We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.
Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.
We recommend Tax Saving Strategies that help you:
- Grow and preserve assets by keeping Uncle Sam out of your pockets.
- Defer income so you can keep your money now and pay less taxes later.
- Reduce taxes on your income so you keep more of what you make.
- Reduce taxes on your estate so your family keeps more of what you’ve made.
- Reduce taxes on your gifts so you can give more.
- Reduce taxes on your investments so you can grow your wealth faster.
- Reduce taxes on your retirement distributions so you can retire in style.
Here’s just a few of the Tax Saving Strategies we use:
- Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
- Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
- Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
- Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
- Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.
Remember, we work for you not for the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.