Tax Resolution Services
Accounting and CPA Exam Tutoring Service LLC tax resolution services are here to help resolve your tax problems.
Here’s how we can help:
Before we discuss the ways in which we can help you with ongoing tax issues, let’s look at three reasons why debt should be addressed as soon as possible instead of being pushed into the future.
1. You know your means today, but you can’t anticipate what will happen down the road. Addressing your debt today allows you to take action with money you have here and now.
2. Debt takes a toll on your wallet each and every time you pay the bill. Paying debt off allows you to save more money and spend on the things that matter most.
3. Being in debt is stressful. No matter how much debt you’re facing, it can start to feel like you aren’t in control of your finances or your future. Making progress toward paying it down provides you with peace of mind and a greater sense of control.
Do you owe back taxes? Haven't filed prior year tax returns? Are you receiving tax notices? We would like to help resolve your tax issues.
Penalty and Interest Assessment
We can review the accuracy of penalties and interest assessed by state and federal tax authorities.
Federal and State Tax Notice Remediation
The IRS and state tax authorities often send notices and letters to the taxpayer advising them of an issue with their tax return. These notices or letters if gone unanswered can lead to serious tax problems for the taxpayer. We work to resolve and respond to taxpayer notices and letters.
Failure to File a Tax Return
We can prepare and file delinquent tax returns. There is no statute of limitation for unfiled tax returns. Every moment the tax return goes unfiled, interest and penalties are adding up. In some cases, a tax refund can turn into a tax debt. If the tax authorities file a substitute tax return before you do, they'll send you a notice of your potential tax liability. And, if unanswered, the return becomes final.
We can apply for a payment plan to payoff your tax liability. Although, the taxpayer can work out a payment plan on their own. It’s best to have a trained tax professional to work out the details of your payment and amount owed.
Offers in compromise is an attempt to reduce the tax debt owed to the IRS or state tax authorities. Offers in compromise are often difficult and requires a trained tax professional to work out reducing your tax liability.
At times, married couples are unaware of their spouse’s tax debts. As a result, when filing a joint tax return previous debts may be settled with the tax refund of a joint return. This can pose problems for the other spouse. We work to remediate a spousal's nontax liability.
Sometimes, a taxpayer’s return is selected for audit or examination to review the discrepancies or errors that have occurred. As such, the tax authority wants to sit with you to review your return and address the discrepancies for future filings. We recommend a tax professional accompany you during the audit to ensure the best possible outcome.
Have your wages been garnished by the IRS or state tax authorities? Depending on how the garnishment was structured, we may be able to release the garnishment.
In an effort to collect what is owed to the IRS or state tax authorities, they can legally seize your property to satisfy a tax debt. In some cases, the levy can be released. Has your property been seized?
Tax liens occur when a demand for payment has not been satisfied, the IRS or state tax authorities put a claim on your property and gives notice to creditors about their right to your property to satisfy a tax debt. These leins can affect your credit.
No matter what your tax issue, the Accounting and CPA Exam Tutoring Service LLC would like to help.
Call for a free consultation, or complete the form below!