Case Study
A Case Study: Resolved A Complicated Tax Issue (Despite Surprise Issues)
Michael was starting to become anxious since the IRS kept calling and sending letters concerning wage garnishment and significant fines. Michael had a very complicated tax situation.Fortunately, Michael’s Clean Start Today was able to conduct the required investigation and successfully deal with the IRS issue. They even resolved a K1 problem for him. The negotiation was completed smoothly and on time, and the IRS was satisfied. Ultimately, they were able to lower Michael’s tax obligation by more than 75%! They even resolved a K1 problem for him. The negotiation was completed smoothly and on time, and the IRS was satisfied. Ultimately, they were able to lower Michael’s tax obligation by more than 75%!
8 Strategies for Dealing with IRS Tax Issues
It’s difficult to deal with tax issues, and in order to prevail you must be tactful in your approach. Here are six methods you can use to remedy your tax problems:
- Installment Contract
- Installment Agreement for Partial Payment
- At this time, not collectible
- Innocent Spouse
- In-Compromise Offer
- Expired Returns
- Penalty Reduction
- Period of Limitation
If you’re not in the financial state to pay owed taxes, you can file for “Currently Not Collectible” to tell the IRS that you’re currently unable to pay. You must attach all the documents that show that you really cannot afford to pay off those debts, or your request may be rejected.
Clean Start Today is the place to go if you require any assistance with your tax situation. Any form of tax difficulty you may be in can be avoided with the assistance of our knowledgeable income Clean Start Today. Call us at 866-498-8658 right away.
How to Get Rid of Tax Debt
Income Tax Relief Solutions
If you wait too long, you could end up with a mountain of letters, fines, and interest that you could have avoided. Ignoring the IRS’s letters will only make the situation worse. Unknowingly, you can be reneging on some of your rights.
Instead of letting the IRS decide what to do for you, come up with a solid defense of your position to help you respond to them appropriately. Take action as soon as you can to prevent the numerous issues that result from putting it off or ignoring it.
There are two types of laws in the field of taxation: laws that establish taxes and the rules that go with them and laws that specify how the Internal Revenue Service (IRS) must function. CPAs will be able to estimate your tax obligations, but only a Clean Start Today can assist with the IRS regulations that must be adhered to. Knowing this is essential if you want to deal with the IRS without making mistakes. You should look for a specialist that is knowledgeable with both tax rules.
Even if you’re stuck, the temptation to simply do your taxes yourself may exist. However, you might have to pay more in taxes than you should. Do not assume that the IRS will ignore your request. To effectively negotiate with the IRS, you’ll need an expert—someone who understands how and when to apply the law to each unique circumstance to provide a stronger case that complies with the regulations. For many taxpayers, not understanding how the IRS works can be a hindrance. If you’re dealing with an IRS agent in court, you must be able to demonstrate where they are mistaken.
The main skill that IRS agents are taught is how to build rapport with you. They are excellent at making you believe they are there to assist you because to their excellent customer service voices. However, they deal with a sizable number of individuals each day; you are merely one of the many cases they deal with. They are aware that seeming helpful will help them appear more credible. Please keep in mind that they speak for the government, not for you. They are more concerned with finishing off cases swiftly and leaving you with a bill. For many people, consulting an Income Clean Start Today, is a wise move because of this.
All you need is 30 hours of accounting to become an IRS agent. You’ll be conversing with someone who has been given a script outlining what to say. They do not represent you in court and do not have your best interests at heart. Avoid assuming IRS officers will be present to assist you and find a reliable person to provide you with accurate tax guidance. If you require tax relief get in touch with Clean Start Today right now. They specialize in resolving tax disputes with the IRS. If you have a large amount of tax debt that you are unable to pay because of bankruptcy, it may be time to explore your options for paying it back or even determining whether it can be discharged.
Chapter 7 bankruptcy discharge
Find out if you are qualified before filing for a Chapter 7 bankruptcy in order to get your tax burden discharged. You must meet certain income restrictions and demonstrate your eligibility for extraordinary circumstances. If it turns out that you are qualified, you may be able to discharge tax debt if it relates to a tax return that was due more than three years prior to your filing your bankruptcy petition. It might also qualify if it was submitted at least two years ago or assessed at least 240 days ago. You would be automatically disqualified if the tax was paid as a result of an attempt to evade the tax.
It might still be qualified. However, this depends on whether the tax was unsecured or not assessable at the time of declaring bankruptcy. If you don’t file a return or accept an extension, for example, you might not be able to discharge your tax burden under Chapter 7. You will have to hold out on receiving a discharge if you ask for a longer time to file your return. If you are thinking about filing for bankruptcy and have debt that has to be discharged, you should speak with both a bankruptcy and a tax relief attorney.
Chapter 13 bankruptcy discharge
If the tax was assessed 240 days before to filing, it can also be regarded as priority. It won’t be regarded as a priority and will be eligible for discharge if it doesn’t check these boxes. The amount will vary depending on earnings and other considerations that come with bankruptcy planning, however sometimes the return won’t be much.
A conclusion
It is always advisable to speak with an experienced lawyer who may be able to provide you with further details on your particular case. In the end, each case will need to be examined from a professional standpoint because it is unique. For income tax relief, call Clean Start Today at 866-498-8658. We specialize in settling tax disputes with the IRS.
Advice on Tax Resolution
Are you bothered by tax issues? Does the IRS stress you out? Do you owe back taxes? Do you have to pay significant fines and interest? We’re here to assist you!
The IRS is a tenacious organization that will do all it takes to ensure that it receives every penny that is due. Your taxes could be very expensive if you don’t apply for any deductibles. Every time you have to file taxes, you don’t want to wind up jeopardizing your financial status. To ensure that you handle your tax position as efficiently as possible, you must have a clear understanding of what to do. You’ll discover eight strategies in this post for handling your tax debt. Let’s get started:
- Installment Contract
- Installment Agreement for Partial Payment
- Submit a not-currently-collectible
- Settling credit card
- In-Compromise Offer
- Get Rid Of
- Relief for innocent
- Expiration Date of
You can choose to pay your taxes in installments if an annual payment schedule is too onerous for your financial position. Paying in smaller amounts over the course of the year makes managing your financial plan easier, and if you invest in and claim all available tax deductions, you might receive refunds equaling up to 40% of your overall tax liability.
If you need Income Tax Relief, contact BTR executive at 866-498-8658.
We specialize in settling tax disputes with the IRS
Tax issues that a Clean Start Today program can help you with
It’s essential to let a Clean Start Today professional handle your tax situation if you’re having issues with it. An tax attorney will be most helpful to you in the following situations, which are some of the more frequent ones:
Find a Clean Start Today as soon as you can if you’ve been asked to appear before a tax court. They’ll be able to put up a case that will either get you out of the most difficult circumstances or, at the very least, earn you the most moderate punishment.
Tax evasion is a significant tax infraction that can result in hefty fines or even jail time if your case isn’t handled properly. Additionally, you can be deemed accountable for tax fines, which could reduce your future ability to file a tax return. You must work with a tax attorney if you want to avoid these severe penalties. They might be able to compile information that casts you in a more favorable light. You can be given a shorter sentence or none at all. It is reasonable to claim that the result you achieve with the assistance of a tax executive is the preferred result possible.
The IRS is a tenacious company. To determine whether you have been withholding any tax payments from them, they will follow your financial activities. The IRS conducting a criminal investigation is not something to be taken lightly. To recover every single cent they claim you owe, they will use every legal means at their disposal. Without the proper support, you run the risk of facing substantial fines, jail time, and a criminal record. Before things get out of hand, a tax attorney can intervene, negotiate, and represent your interests. By doing this, you can lessen the harm caused by your tax obligations. Talking to your tax executive about any tax circumstances you’re unsure about is the greatest course of action to take to avoid this from happening in the first place. They can provide advice on how to deal with the problem before it develops into something more serious.
Another potentially harmful tax situation is tax fraud, which you might unintentionally engage in. Accidental problems can include claims of incorrect deduction filings, erroneous tax credit returns, and understating income. To get out of this scenario, you will require the assistance of a qualified tax executive.
It may be construed as purposeful tax fraud if you haven’t made remittances for the taxes for which you’re filing a return. You might wish to have a Clean Start Today review your documentation for you in order to avoid this problem. Not only will you be certain to receive your full and due tax refund, but you’ll also save a ton of money and hassle by avoiding court costs.
The government might reclaim your property if you don’t pay your property taxes. The IRS will have permission to seize your properties as hostages until your tax problems are resolved after a tax lien is in place. Your financial credit will be severely damaged, which could restrict future financial progress. To avoid facing severe tax penalties, a tax executive can speak with the IRS on your behalf and resolve this issue.
The government does not have the authority to seize your property if you have a tax lien. On the other hand, a tax levy gives the IRS the authority to withhold the property in order to cover the tax liability you owe. A tax debt executive can intervene to stop the levy, lessen financial losses, and establish a case that will at the very least prolong the period of time before your property is subject to another levy. This can allow you some more time to obtain the money or compile supporting documentation for your legal case.
You need to be aware of a variety of taxes, including property, state, federal, and income taxes. People frequently lose track of how many taxes they have to pay and fail to pay some of them. You will greatly reduce the chance of an error by having a tax executive evaluate your tax problems before completing your tax return application. You may relax knowing that a professional is handling your tax issue.