Filing of Delinquent Tax Returns
If you failed to file your tax returns, regardless of why – buried your head in the sand, figured you didn’t owe anything, were ill, or just didn’t feel like filing – we can help get you caught up. We will prepare and file your delinquent returns. If you do not have the income information from the years you failed to file, don’t worry, we can usually get that information from the IRS.
Delinquent Taxes Owed
If you owe delinquent taxes, the worst thing you can do is to hope the IRS or state will forget about you. Don’t ignore those nasty notices that come in the mail; doing so can only make matters worse. The longer you wait to make arrangements to pay back your debt, the more you will owe in interest and penalties.
Levies and Lien
Has the IRS seized your bank account or are they threatening to do so? Did you find a tax lien on your credit report? If so, we can help. When you owe the IRS money and haven’t made arrangements to pay them, the IRS can seize or sell your property through the use of liens and levies.
Our tax professionals have represented countless clients in IRS examinations. We are well versed in tax law and have the knowledge and experience to represent you effectively before the IRS. IRS examiners are often intimidating and will disregard your rights, given the opportunity. We know the rules and will make sure that the examination process is conducted in accordance with law.
We will review your audit documents and determine if audit reconsideration is the right decision for you. If it is, we will represent you in the audit reconsideration process and do our best to secure a favorable outcome.
Appeals and Collection Due Process Hearings
Through appeals and CDP hearings IRS collection action can often be stopped. We are experienced in successful IRS negotiations to secure settlements and favorable resolutions. We will explain your options and rights, help you determine how to proceed, and represent you through the entire process.
Each year, some taxpayers are assessed penalties for failure to file or pay their taxes on time, or accurately report their income, or any number of other reasons the IRS chooses. Some of the most common types of penalties are for late filing, late payment, accuracy issues, federal tax deposits, or fraud.
Employment Tax issues and the Trust Fund Recover Penalty
If the IRS is investigating you for misfiled or unfiled employer tax returns or if you owe employment taxes and related penalties, we can help you. There are a multitude of reasons why you could get into trouble with employer taxes; anything from bookkeeper error, cash crunch, employee theft, etc.
Whatever the reason, the IRS takes employer tax issues very seriously – so expect them to come with a vengeance.
Innocent Spouse Relief
Many spouses innocently sign tax returns without a second thought. Like it or not, for better or worse, does include your tax liability if you file a joint tax return. The path to being granted innocent spouse relief is not a simple one; it can be complicated and stressful, bringing up old wounds in many cases.
Statute of Limitations (SOL)
There are specific Statues of Limitations (SOL) that apply to your taxes. There are statutes of limitations on how long the IRS has to collect a tax debt, audit your tax return, and so forth. Knowing which statute of limitations applies to your specific situation is crucial to ensure the IRS isn’t violating your rights; for example, by trying to collect a tax debt for which the SOL has past.
Frivolous Tax Positions
The IRS is not amused by these frivolous arguments and more than a few people have wound up behind bars for trying to advance them. Even if you get lucky and aren’t charged with a crime, making a frivolous argument could be costly. The IRS can impose a frivolous filing penalty of up to $5,000 for filing a frivolous return or taking a frivolous position.
Alternative Minimum Tax Issues
The alternative minimum tax is a separate tax computation that reduces the benefit of certain deductions and credits, thus, creating a tax liability for an individual who would otherwise pay little or no tax. The effects of AMT can be financially disastrous. There are strategies that can be implemented to help avoid or reduce the effects of the AMT. Esquire Group is capable of implementing those strategies for you.