Many of our clients start out by trying to handle their IRS case by themselves but end up with negative results, or worse, no results at all. Whether you’re an individual or a business and are having problems with the IRS, we at Golden Tax Relief, LLC know the “ins and outs” of the tax system and can negotiate a solution that works for you.
We know how dealing with the IRS can be. It is stressful, intimidating, and can leave you feeling hopeless. Crippling back taxes and penalties only add up to make matters worse. The professionals at Golden Tax Relief, LLC make sure you don’t have to go through this process alone. We will help protect you from the IRS, inform you of your rights as a taxpayer, and resolve your tax problems so you can reclaim your life.
If you cannot afford to pay your back taxes in full, the Offer in Compromise program offers taxpayers who owe the IRS more than they could ever afford to pay, the opportunity to pay a small amount as a full and final payment. Taxpayers who attempt to file for an OIC on their own often put themselves at risk of not qualifying for a settlement or they end up paying more than they have to.
It is important to understand how the IRS has assessed back taxes and penalties against you. You have the right to see governmental documents, including your IRS files, to better understand your IRS problems. The IRS must disclose the information used to assess back taxes and interest against taxpayers.
There are well over 145 various types of penalties. If you are one of these taxpayers, there is hope! Taxpayers that are hit with IRS penalties can request that the penalties to be abated. Abated means to completely or partially remove or forgive the penalty. In many cases where a taxpayer requests abatement, the IRS removes 100% of the penalty.
Once a wage garnishment is filed with an employer, the employer is required by law to collect a large percentage (usually 30-75% or more) of the taxpayer’s NET paycheck and return it to the IRS.
If you can’t pay your back taxes in full but could potentially pay them back over time, you can negotiate a reasonable monthly payment plan with the IRS. Once an IRS Payment Plan (also known as an Installment Agreement) is constituted, the IRS will not enforce collection action, including the levy of bank accounts or wages, as long as you remain current with all filing and payment obligations.
This is when the IRS places a Lien (or a hold) on real estate that you own. You cannot sell it without the net proceeds going to the IRS to satisfy your IRS debt. There are certain ways we can remove this lien (if you meet the very stringent criteria).
As an final result for settling back taxes, it may be possible for you to file for bankruptcy if the IRS rejects your IRS Payment Plan or Offer in Compromise. There are very specific rules & regulations that must be followed when using this technique.
If you owe back taxes on overdue payroll and employment taxes, it is important to resolve payroll tax debt problems swiftly to protect the future of your company since the IRS assigns a higher priority to collecting employment taxes than income taxes.
You may Appeal a decision with the IRS if you do not agree with that decision.
To qualify for an IRS payment plan or Offer in Compromise tax settlement to resolve your back taxes, you need to file all delinquent tax returns with the IRS. Until you have filed all legally required tax returns, the IRS will not entertain any type of tax settlement or payment plan to settle your back taxes.
There are basically three types of audit methods the IRS will use: Correspondence (by mail), Office (you go to the IRS Office), or Field (the IRS makes a surprise visit to you). We can help protect you in each of these methods….You have RIGHTS.
If you owe back taxes because of your spouse’s (or ex-spouses) actions, you may qualify to achieve tax relief by qualifying as an innocent spouse. This means that if you can prove you are an innocent spouse, as defined by the Internal Revenue Code.
The IRS is serious about collecting on the debts that they “say” you owe. We can stop the IRS from taking money out of your account, within 8 – 12 business days.
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.
This can be one of the most daunting methods of eliminating back taxes, especially if they were assessed against you years ago. The IRS is prohibited, by law, from collecting on expired back taxes. Generally, the IRS has 10 years from the date of assessment (usually close to the filing date or audit assessment date) to collect back taxes. We can determine on what day you will be free of this obligation. We accomplish this by obtaining and analyzing your IRS Tax Transcripts and Records of Account.