Offers a Host of Tax Resolution Services. Some of the issues we deal with at Tax Protection are Tax Services listed below:
IRS Tax Levies: A Levy takes your property to pay Past Due Taxes. If you don't pay or make arrangements to settle your tax debt, the IRS can levy, seize and sell any type of real or personal property that you own or have an interest in. Call us for a Free Consultation.
IRS Tax Lien: A Lien secures the government's interest in your property for tax debt that you owe the IRS. A Lien only secures and does not seize or take your property. Liens hurts your credit and could prevent you buying a car or a home.
Wage Garnishment: The IRS issues a notice to your employer for garnishment of your paycheck, Garnishment of Salary, wages or Garnishment of Cash payments. All monies are applied to reduce your Past Due IRS Taxes. Garnishments take your money and could create others problems for you at your place of work. We can Stop Garnishments.
Offer and Compromise: An Offer and Compromise is an agreement between you, and the IRS, for Tax Forgiveness or Tax Relief of a past due Tax Debt for an amount less than what you owe. This program could provide Debt Relief for many kinds of Tax Liabilities including; Levy release, Lien release, IRS Lien Removal, Debt Cancellation, full payment of IRS back taxes, Discharge of Debt, Federal Tax Lien removal, Tax Forgiveness and other Debt Relief as provided by IRS Regulations. Call Tax Protection for an estimate of what you may save.
Setting up a Sub-S Corporation: A Sub-S Corporation is created for Self Employed people designed to reduce Self Employment Tax. Works very well for truckers. This will save you money. Learn how a Sub-S Corporation can save you money.
Tax Debt Relief though Tax Negotiation: IRS has many programs that can be used to obtain Tax Relief and stop IRS collection efforts. Various programs for Tax Forgiveness will be customized for your unique situation. Call us for a Free Consultation.
Payment Plans: An Agreement whereby the IRS agrees to accept a Payment Plan or Tax Settlement in Lieu of IRS collection activity. Payment Plans are usually sufficient to pay IRS debt, Stop a Tax Lien, and provide Tax Relief. Payment Plans can be designed or negotiated to fit your unique situation and budget.
Partial-Payment Plans: An Agreement whereby the IRS agrees to take monthly Payments over an agreed upon period of time. After the terms of the agreement are fulfilled any balance maybe forgiven. Call us Today!
Currently Not-Collectible: An Agreement where the IRS agrees to Suspend or Stop Collection Activity such as; Garnishment, Tax Liens, or Tax levy's ; for a period of time. This will only apply if the Taxpayer has limited income needed to pay any Past Due Taxes, Penalty's or Interest due the IRS. If this program goes beyond 10 years the IRS Tax Debt is subject to Tax Forgiveness due to the Statute of Limitations.
Innocent Spouse Relief: Innocent Spouse Relief Provides Forgiveness of Taxes for Spouse or former Spouse who filed joint income tax returns. If you have experienced a change in marital status and owe taxes you may qualify for this program. Call us Today for a Free Consultation.
Tax Preparation: Tax Protection and Associates are Licensed to prepare State and Federal Taxes in all 50 states.
Trust Fund Recovery Penalty: An amount usually equal to what the Employer has withheld from Employees payroll checks for the purposes of paying it to the Proper Taxing Authority plus penalties and interest.
941 and Business Representation: Representing Businesses in Payroll, Business Tax Returns and all related IRS issues.
Penalty abatement: The Forgiveness of Penalties assessed by the IRS for Delinquent Payment of Past due Taxes
Interest abatement:The forgiveness of Interest charged by the IRS for Delinquent Payment of Past due Taxes
Tax Relief Resolutions for Individuals and Business
TAX RESOLUTION IS THE PROCESS OF DEVELOPING AND IMPLEMENTING A SOLUTION TO SOLVE A TAXPAYERS IRS PROBLEMS PERMANENTLY AND FOR THE LOWEST AMOUNT ALLOWED BY LAW
Tax Negotiation- Appeal for Discharge of Taxes: Our in-house experts understand your legal rights as a Taxpayer. These rights include an explanation as to why the tax is due and an Appeal process to possibly get Tax Relief which would reduce or eliminate the Tax amount due. Our job at Tax Protections Services is to defend you though an Appeal, or other strategic actions that would Protect you against the IRS; thru our knowledge of Tax Resolution, through the Tax Negotiation process.
Tax Debt Relief Company: There are a number of different options to resolve past due tax matters with the IRS. However, few are aware of the options and more importantly what fits your individual situation. Tax Protection will customize each Resolution for you, to provide Tax Relief, an IRS discharge or IRS Tax Forgiveness.
IRS Collections: The IRS Is the largest Collection agency in the world. If you can not pay your past due Taxes, our goal is to work with you to Resolve your Past due Tax Debt before the IRS collection becomes aggressive. Ideally, we would prefer being involved before the IRS Collection begins. Past due Collection Actions can range from applying your subsequent tax year refunds to your past due taxes; to seizing your property and assets. Tax Protection will protect your assets though any legal action needed , until such a time that it can be determined how to pay the tax , and how much to pay to obtain a partial or Total discharge on amount of the Taxes due.
What are some of my Options if I Can not Pay my Past Due Taxes?
An Offer in Compromise (OIC) : An agreement between a taxpayer and the Internal Revenue Service and certain States , to settle a taxpayer's tax liabilities for less than the full amount owed, potentially saving thousands of dollars providing Tax Relief. Taxpayers who can fully pay the liabilities through an Installment Agreement or other means, won't qualify for an OIC . However under certain circumstances, taxpayers can have their Tax Debt partially forgiven.When the IRS considers forgiving tax debt, the present financial condition of the taxpayer needs to be fully disclosed. The IRS cannot collect more than a taxpayer can pay. IRS statement; “We generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time." Call us today to learn more about this program that will reduce or eliminate your tax debt.
Call us for a Free Consultation: Our qualified Experts, Attorneys, Accountants and Registered Agents, are standing by for you. 1-800-927-4363
The Fresh Start Program
This Program was created to help a greater number of financially-distressed taxpayers and to resolve tax problems more quickly than in the past.
The IRS Fresh Start Program makes it easier for taxpayers to pay Back Taxes, avoid Tax Liens and avoid IRS Collection efforts. Even Small Businesses that are past due on Taxes, may also benefit from the Fresh Start Program. A requirement of the program is to complete and file any Past due State and Federal Tax Returns. Fresh Start can be in many forms including; Tax Debt Forgiveness; Tax Debt Relief; Offer and Compromise, Lien Removal, Levy Removal, Discharge of debt, and others actions. In addition, The Fresh Start program increased the amount that taxpayers can owe before the IRS generally will file a Notice of Federal Tax Lien. That amount is generally $10,000. However, in some cases, the IRS can still file a lien notice on amounts less than $10,000. Please contact us for more information.
Fresh Start expanded and streamlined the Offer in Compromise (OIC) program. The IRS now has more flexibility when analyzing a taxpayer’s ability to pay. This makes IRS programs available to a larger group of taxpayers. An Offer in Compromise is an agreement that allows taxpayers to settle their tax debt for less than the full amount. OIC Provides IRS Tax Forgiveness;Back Tax Relief, IRS Tax Forgiveness, Lien Release, Levy Release, and other kinds of IRS Tax Relief.
Fresh Start also changed the Currently-Not-Collectible program to made it available to a larger group of Taxpayers. When a taxpayer is in this status, enforcement actions cease.
Our tax professionals are very experienced with the IRS Fresh Start Initiative.It is important for us to understand your individual situation so we can apply the correct strategy for success. Our goal is to get to a Tax Settlement that is reasonable and obtainable.
For assistance call 1-800-927-4363 for a free consultation
What is Abatement of Penalties or Interest?
Under the abatement process, the IRS provides Tax relief for all or part of the accrued penalties and/or interest, but not the underlying past due Tax Liability. The process by which we can apply to waive the charges is called Penalty Abatement. In some cases, the IRS may ask you to pay the tax including interest and penalty in full before they agree to reduce or remove the penalty. You will need strong and convincing documentation for any reason for Penalty abatement or Interest Abatement. Call us to learn more about this program. We can help.
Call us for a consultation on Penalties or Interest Charges or any notifications you have received from the IRS. CAll or Experts at 1-800-927-4363
What is A Collection Appeal?
A Collection Appeal is an legal action by a taxpayer or Business who has been threatened with an IRS Levy or Seizure. The goal of the IRS Appeal Division is to "settle" disputes between the IRS and taxpayers. The appeal is assigned to an Appeals Officer who is required to make a decision. We recommend calling us or another Tax Professional for a consultation before you talk to the IRS. 1-800-927-4363
What is Innocent Spouse Relief ?
Innocent Spouse Relief program provides relief for spouses or former spouses who filed joint income tax returns. Couples filing a joint tax return are both liable for the tax liability, referred to as joint and several liabilities. In the case of a separation; the IRS provides a process for both spouses. If an application is approved it will result in the Release or Forgiveness of Past Due Taxes debt or other liabilities. Several factors must be met in order this IRS code to apply. Learn more about this IRS program; call us today.
What is Equitable Spouse Tax Relief?
Equitable Spouse Tax Relief is another program in which the IRS broadened the definition of Innocent Spouse Tax relief and therefore making this program available to more Taxpayers. Obtaining Innocent Spouse Tax Relief is difficult as the IRS receives over 50,000 a year and approves fewer than 50%. In any program that would produce forgiveness of debt, it is required that Past due Income Tax Returns be filed to date. Our goal is to get to a Tax Settlement that is reasonable and obtainable. Call our Tax Expert with additional questions, as every situation is different. We can help you!
What is The Statue of Limitations?
The Statue of Limitations in a law that says the IRS has 10 years from the date of assessment (usually close to the filing date) to collect all taxes, penalties and interest from you. Tax Protection is a Tax Relief Company providing a Tax Resolution specialist that can help resolve your back taxes and IRS problems.
What about Bankruptcy for Tax Relief?
Many IRS taxes, Penalties and Interest do qualify for a complete Tax discharge in Bankruptcy. However, many Taxpayers file bankruptcy that often results in not Discharging income taxes that could have been accomplished if the taxpayer had done things differently. Bankruptcy laws are very complex. Consult a professional before deciding to take this option.
If you have significant creditors other than the IRS , or if the IRS is being totally uncooperative, bankruptcy may be your best option. Bankruptcy is probably not your best alternative if the IRS is your only significant creditor. If you have few assets, you will do well with another IRS Program
Call us For a free Consultation and qualification for the IRS Program
What is an IRS Installment Plan?
An IRS Installment Plan is a payment plan between you and the IRS. The IRS has some flexibility regarding the payment amount as long as the debt will be paid off. The agreement comes with string attached, such as keeping you current on this payment plan and filing and paying any future tax liability. The IRS may or may not assign a Revenue Officer to determine the maximum payment they can get from you. Please do not deal with them without a Tax Resolution firm.
Tax Protection is here for you.
What is Currently Not-Collectible mean?
IRS Policy states that if the Taxpayer presents information that shows they cannot pay the taxes due and reasonable living expenses, the are deemed Not Collectible. IRS Collections may stop, but interest and penalties continue. The IRS can revisit this status anytime, and could re-start collection actions.
Please consult a Tax Professional . We deal with these types of issues daily. That is all we do.
Examples of Actions the IRS can take against you:
What is the definition of Wage Garnishment?
A Wage Garnishment is a way the IRS can collect past due taxes. The Garnishment paper work wold be served to your employer along with a notice of Levy on Wages Salary and Other income.
A Wage Garnishment requires your employer to withhold a certain amount of your paycheck and send it directly to the IRS. It also requires the employer to notify you that your paycheck will be Garnished. You have 2 weeks or until your next paycheck to respond to the Notice to Levy your pay check. The most common type of Garnishment is the process of deducting money from your salary or 1099 income.
Wage Garnishments can continue until the entire debt is paid or arrangements are made to pay off the IRS Debt. Garnishments can be taken for any type of debt but common examples of debt that result in Garnishments actions include:
Employers receive a notice telling them to withhold a certain amount of their employee's wages for payment. The Employer and cannot refuse to Garnish wages. Employers must correctly calculate the amount to withhold, and must make the deductions from your check until the Garnishment expires.
The IRS has been known to take 70% of the check or sometimes the entire check amount.!!!
Wage Garnishments can negatively affect credit, reputation, and the ability to receive a loan, open a bank account, or pay your other bills. This could create a financial hardship for you.
Wage garnishment is a tax problem that can be resolved if the taxpayer knows when and where to get help with a Wage Garnishment Release.
We can help STOP IRS WAGE GARNISHMENT our experts are waiting for your call now 1-800-927-4363
What is a Bank or Tax Levy?
A levy is a legal seizure of your property to satisfy a past due IRS tax debt or Tax Lien. The IRS can actually take the property to satisfy the past due taxes. Property like your house or car, or your rights to property such as your income, bank account, retirement account or Social Security payments can be levied.
In the case of a Bank Levy, we can get Tax relief by negotiating with the IRS to resolve your tax debt issue and prevent additional legal actions against you.
We have a knowledgeable staff of Attorneys and Accountants that are experienced in handling negotiations involving Federal Tax Levy or Tax Liens.
Call the experts at 1-800-927-4363 for a free consultation
What are Federal (IRS) Tax Liens?
A Federal (IRS) Tax Lien is the government's claim on your all your property and is generally placed when you or your business have delinquent or Back Taxes. The lien can be on real property, personal property, or any interest you may have in any asset. A Federal Tax Lien automatically is applied within 10 days after the first notice and demand for payment.
An Federal (IRS )Tax Lien does not mean that taxation authorities will seize your property; it just ensures that they get first right to your property over other creditors. A Tax Lien damages your credit, creates a situation where you cannot borrow against, or sell your property. The lien is of public record, which may cause other hardships. Some Taxpayers may qualify to have their Lien Notice withdrawn. Call us Today!
What is a Lien “Withdrawal” ?
A “Withdrawal” removes the Notice of Federal Tax Lien from public record. The withdrawal tells other creditors that the IRS is abandoning their lien priority. This doesn’t necessarily mean that the Federal Tax Lien is permanent. Call us today to learn more about Lien Withdrawal.
What is a Temporary Lien Release?
A temporary lien release allows a different transaction to clear without the tax debt being repaid in full.
Once a lien arises, the IRS generally cannot release it until you’ve paid the tax, penalties, interest, and recording fees in full or until the IRS is no longer legally able to collect the tax. However, in certain circumstances a lien may be withdrawn.
What is a "Discharge” of a Federal Tax Lien from a Property mean?
A “Discharge” of a Federal Tax Lien removes the Lien from specific property. There are several circumstances under which the Federal Tax Lien can be discharged. For example, the IRS may issue a Certificate of Discharge if you’re selling property and a Notice of Federal Tax Lien has been filed; you may be able to remove the IRS Lien or have the Lien discharged from that property just before the IRS receives its interest through the sale.
What is a Subordination of a Tax Lien?
A “subordination” is where a creditor is allowed to move ahead of the IRS priority position. For example, if you’re trying to refinance a mortgage on your home, but aren’t able to because the Federal Tax lien has priority over the new mortgage. A request can be made to the IRS to subordinate , or do partial release of the IRS lien to the new mortgage debt.
When a taxpayer meets certain requirements and pays off the IRS Tax debt, the IRS will Withdraw a filed Notice of Federal Tax Lien
If a Taxpayer defaults on the Direct Debit Installment Agreement, the IRS may file a new Notice of Federal Tax Lien and resume IRS collection actions. For these types of situations we offer and have provided legal and Audit representation.
What are some Good Examples of ways to Stop IRS Collections?
1. Enter into an Installment Agreement
We will negotiate on your behalf with IRS in dealing with installment agreement in which you may pay over time the amount that will fit your budget.
2. File an Offer in Compromise
If accepted, an Offer in Compromise allows you to settle your tax obligation with the IRS for less than the total IRS debt owed. Therefore part of the IRS tax is forgiven, canceled or discharged providing “Tax Relief”
3. Obtain a Not-Collectible Status
There are times where you agree with the IRS that you owe taxes, but you can’t pay because you do not have the money to pay this and your living expenses. If the IRS agrees that you can’t both pay your taxes and your reasonable living expenses, they may agree to place your account in Currently Not Collectible (CNC) (hardship) status.
4. Taxes paid in full will stop all IRS Collection Actions
What is a IRS Summons Notice?
The Internal Revenue Service is responsible for determining and collecting any IRS revenue tax, and ensuring that taxpayers comply with IRS laws. Congress has given the IRS broad authority to obtain and examine all information necessary to perform these functions effectively. An Internal Revenue agent or other authorized examiner involved in a tax investigation can obtain, by force if necessary, any information that may be relevant to the investigation. "Authorized examiner" includes Exempt Organization specialists involved in examination or determination cases.
The examiner may issue an Administrative summons to taxpayers or other interested parties. An administrative summons directs the person summoned to appear before the examiner and testify or produce information. If the Taxpayer fails to appear or disobeys the summons, the examiner may seek to enforce the summons in federal district court. If the court agrees that the summons should be enforced, it will order the Taxpayer to comply or be held in contempt.
This is a serious situation. Please call use immediately
Please call us ASAP at 1-800-927-4363
Why are Past Due Tax Returns Important in Tax Resolution?
When negotiating with the IRS; it is required that your Taxes Returns are current. This requirement also includes future compliance with all IRS Regulations. Tax Protection has a staff to properly prepare your returns and keep you in compliance with IRS Regulations.
What is IRS Audit Representation?
Tax Protection has qualified individuals that can represent you against the IRS. Taxpayer Dealing directly with the IRS can create more problems, as they’re known to take advantage of your limited exposure to the tax issues. There are solutions that can be found for any Tax situation.
We are a Tax Relief Company.Call us for your free consultation.
What are the problems when a Business has Past Due Payroll Taxes?
The IRS is very aggressive in their collection attempts for past due Payroll Taxes and can shut our business down.You should avoid meeting with any IRS representatives regarding payroll taxes until you have had a consultation with us to discuss your options.
Get expert professional help before it's too late.
What is a Trust Fund Recovery Penality?
The Trust Fund Recovery Penalty (TFRP) is any tax that you as the employer holds “in trust” to be paid to the government. In short, you act as the collector of the taxes and it is your responsibility to turn the money over to the government by certain deadlines using form 941. If you fail to pay, the government can shut your business down.The IRS can also make a claim against owners and shareholders or anyone to collect this debt. The IRS is the only creditor that can "pierce" the corporate veil and go after individual shareholders. Do Not wait too long to talk to a Tax Professional.
Why Setup a Sub-S Corporation?
An entity can be created for Self-employed Taxpayers. This entity structure will save you money by reducing self-employment tax. This Tax Protection Strategy Works very well for Self-employed truckers and provides significant Tax Relief. .
Why is it important to Review prior years’ filed Tax returns?
Generally when we agree to work with business owners, and as a natural course of business, we are usually asked to review Individual and Business tax returns. The results of the reviews usually lead to strategic recommendations made to reduce taxes now and in the future. Amended tax returns may save money provide Tax Relief over the past years, and save you taxes for your future operations.
Call us today 1-800- 927-4363
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Providing Services in these areas
Tax Lien Release , Bank levy Release, IRS Forgiveness of Debt, Forgiveness of Back Taxes, Tax relief , IRS release, Offer and Compromise, Stop Garnishment, Fresh Start Program, Tax Negotiation Offer, IRS Debt Cancellation, Lien and Levy Removal, Innocent Spouse, IRS Payment Plans. We are here for you.
A Confidential Tax Debt Relief Company
Tax Protection Services, Inc.