Tax Problems you may be Facing
1. Wage Garnishment
When you get your paycheck and discover that it’s significantly less than what you expected, it feels like the world has dropped out from under you. How will you make rent or pay the mortgage? What bill will you have to forego to get by this month? How long with this last? How will you survive?
It’s possible that I could solve this problem for you today. I can help make sure your next paycheck is all there.
Many folks come to me worried about their “Notice of Intent to Lien” from the IRS. Apart from the fact that a lien ties up your property and prevents you from selling it, a lien is PUBLIC, and this causes many to feel embarrassed, perhaps even shame. Many of their friends and family, maybe business partners or co-workers, have no idea that you’re having financial difficulties…or that you’ve been delinquent on your taxes.
I’m often able to resolve your tax issues before it gets to that point. Or, if a lien has already been filed, I am often able to have a lien removed when I successfully resolve your situation.
A levy often leads to significant embarrassment and stress. Often, you don’t know about a levy until after it’s happened—usually when you get the notice that you’ve bounced a check or two. What do you do when your savings has been drained from your bank? How will you pay the bills, or pay the mortgage? If you’re a small business, perhaps you’re wondering how you will pay wages…
Not only can I negotiate with the IRS or state taxing authority to lift the levy, but sometimes I can arrange for them to return the money they took in the first place. But you have to act f a s t!!!
4. Penalties & Interest
Sometimes the initial tax bill isn’t the problem—it’s the penalties and the interest!
If you’re late or behind on paying taxes, IRS or your state taxing authority will often add a penalty for being late, and they’ll assess interest, too! If only they’d cut you a break on the interest and penalties, you might be able to get out from under this thing, right?
I can advocate on your behalf to IRS or your state taxing authority to try to reduce—or eliminate altogether—penalties and/or interest.
5. Unfiled/Late Returns
This is probably the most common problem folks come to me with. Perhaps you’re feeling overwhelmed—there’s just too many years to go back, too much information to put together, or maybe you’ve lost the information.
Did I mention my years as a forensic Accountant? Missing data, boxes and boxes of data, whatever the case may be…I’ve never had a case overwhelm me.
Your problems might be a little more serious, though, if IRS or your state taxing authority is demanding that you file the returns. If you’ve received a letter asking you to file an unfiled return, this could be the first step of a criminal investigation and you need to get help right away.
Arrange a meeting with me so that we can get this problem solved for you before it becomes too serious.
6. Notice Letters
IRS (and your state taxing authority) are notorious for sending out notices for one thing or another. Sometimes the letters are quite innocuous, and other times they are quite severe and threatening. All should be taken seriously, though, even if you’re certain that IRS is wrong—statistics show that they may well be!
Arrange an appointment so that we can discuss what to do with that pesky notice.
7. Revenue Agent Visits
A visit to your home or workplace by an IRS agent can often make one a little nervous and stressed out. And with good reason, too. A Revenue Agent’s visit is something to take quite seriously, no matter what the reason may be.
It is also an opportunity to really compromise your outcome, too. Revenue Agents often travel to you to obtain information—information which could be used against you later down the road.
It’s good to have a layer of protection before you interact with a Revenue Agent. Call my office so that we can talk about why a Revenue Agent is trying to find you.
Most folks get very stressed when they receive a notice of audit. The stress comes from the unknown. Most folks have never conducted an audit, so they have no idea what happens in an audit.
Audits, while serious events are manageable. And while you might not know how to prepare for or handle an audit…I do!
If you’ve received a notice of an audit, give me a call so that we can discuss how best to prepare for your audit. I’ve handled hundreds of audits in my nearly 30 years… I know how to handle audits!
9. Payroll Tax Trust Fund (penalties)
If you’re like most folks, when funds get tight, you figure you can double up on a payroll tax payment next month. But for now, you need that money to make ends meet.
IRS and your state taxing authorities don’t see it that way, though. Failure to pay payroll taxes constitutes theft in their eyes regardless of how good your intentions were. Penalties can be as high as 100% of the taxes owed. Sometimes penalties aren’t financial at all since IRS considers this situation actual theft. Penalties, in that case, could be spelled out in terms of months and years in prison! And you may be personally liable for the taxes as an owner, officer, or administrator of the business.
But there are ways to handle this situation to everyone’s satisfaction.
It may be that you are deeply in the hole due to several months or years of unpaid payroll taxes. You need someone with the knowledge, skill, and experience to help you out of this situation. Contact me so that we can get this situation under control before it gets out of hand.
10. Criminal Tax Issues
A criminal case is by far the most serious tax trouble you can have. If you are facing a criminal probe, I can’t imagine the stress that you’re feeling right now. Just sleeping at night can be a challenge!
If you’re facing a criminal probe, have received a subpoena for records, or Criminal Investigators have been poking around your business associates, clients, and vendors, then you need help…and fast!
Call my office right away for an immediate appointment to discuss how best to handle this situation. Whether you meant it or not, I can help you.
And remember: You cannot talk your way out of this. You have a 5th Amendment right to not answer questions and the 6th Amendment right to counsel (“I won’t answer any questions until I get the counsel of an attorney”).
11. Civil Fraud
When the IRS either outright accuses you, or perhaps more subtlely intimates that you have engaged in Fraud, it’s a moment packed with various emotions. From blood-chilling fear to boiling hot anger and resentment, fraud means theft, an intent to deceive.
In my experience, most people do not intentionally engage in deceit. Rather, the activity in and of itself is rather benign and innocent. However, as IRS sees it, combined with other factors, might give rise to a hint (sometimes more than a hint) of fraudulent activity and intent. This is a very delicate situation that requires skill, deft, and proof.
Because I’ve handled hundreds of such situations in my career, I have the skill and the deft to delicately unwind the situation as much as possible. Above all, I know how to help you develop the proof necessary to substantiate your claims—and discount theirs so that you end up with a better chance of keeping your money, property, and above all, freedom.
It’s best that you handle this situation with someone to help you. Call my office today so that I can start taking the pressure off of you, your family, and your business.
12. Seizure and Sale of Property
IRS and your state taxing authority can take your things in addition to your money. It’s very disheartening and challenging when IRS agents walk right into your house or business and start taking things to satisfy your debt to them.
To avoid this situation, let me help you by acting as a buffer between you and IRS. I can help you negotiate with them on the amount owed as well as the remedies they will execute to collect that debt. This is a case where being a little proactive can achieve a much better result and avoid some pretty embarrassing situations.
Click here or call me today so that I can get between you and the IRS as quickly as possible before the bad things start to happen.
13. Business Closure
In some cases, IRS actually comes and chains the doors to your business shut. Forgot your cell-phone inside? Too bad… it’s all IRS property now and removing the chains, or just simply entering constitutes trespassing and can be prosecuted criminally. How bad is the situation for your business right now? Having employees show up to chained up doors does a lot of damage for employee morale—especially for employees who were quite unaware as to the financial situation of your business. And retaining those employees.
While I can help unwind this situation, it is better to try to head off an action like the complete shut-down of your business. If your business is facing significant tax issues or is being threatened with dramatic measures by IRS or your state taxing authority, call me right away so that we can get the situation dialed back a few notches.
It’s better for all involved if you can continue in business and earn a profit to pay your taxes and get out of this situation, right?
14. Rejection or Termination of Installment Plan or Proposed Offer in Compromise
Sometimes folks propose a payment plan to get caught up on their back taxes. While IRS oftentimes accepts such proposals, there are times when they reject or terminate a payment plan. There are many reasons that IRS might reject a payment plan proposal, or to terminate an on-going payment plan. Many taxpayers often feel frustrated and overwhelmed when the rejection or termination reaches them.
To get some insight into what motivates IRS and how to structure your proposal in such a way as to be attractive to IRS, call me so that we can meet to discuss this issue in greater detail.
15. Owing More Money Than What is Actually Owed
IRS and your state taxing authorities are not always right in how they calculate things. For one, they tend to make all assumptions completely in their favor, completely disregarding the very high probabilities that at least some of that belongs to you! Second, IRS agents make mistakes too. It’s always good to double-check calculations, even if it’s the IRS’ numbers.
It’s also very good to know how to fix these kinds of problems if they happen to you. Knowing IRS structure, the rules and regulations, and the internal processes available to you to address this situation is my forte.
16. IRS filed Returns
Sometimes IRS doesn’t want to wait for you to act, so IRS will act for you. In some cases, IRS will fill out a return for you, using assumed numbers, and then calculate a tax (and penalty and interest) based on their assumed numbers…which are very often incorrect (and not in your favor!) It is very difficult to undo this once IRS files a return for you. You may lose many rights by relying on an IRS filed return.
To fix a problem like this—or better, to avoid it altogether, call me.
17. Not-for-Profit Board Member Liability
Non-profits don’t pay tax, do they? Sure they do, just not income taxes. A non-profit might employ workers, incurring payroll taxes, or own property, incurring property taxes, or if they sell something, there may be a sales tax. If the non-profit fails to properly account for and pay these taxes, board members can become liable for the taxes and penalties due and owing.
If you sit on the board of a non-profit, it might be a good idea to give me a call so that we can look over the books to ensure total compliance with tax laws. You don’t want to get the letter from IRS alleging your responsibility for payment of taxes which you didn’t even know existed!
Dale R. Kennedy – JD
I certainly face stiff competition in my field. There are so many folks out there offering to help you out. Lawyers, CPA’s and scores of others who claim to be able to best help you out of your current difficulties. Yet I have one thing most of my competition does not have: two degrees!
I am both an Attorney and an Accountant.
Yes, most of the firms sending you mail or flashing their credentials online consist of either lawyers or CPA’s—sometimes both. But very rarely is the person handling your situation both a lawyer and an Accountant. When you come to Kennedy Tax Solutions, that’s exactly what you get. Two for the price of one!
I don’t have to spend time as an Accountant explaining or teaching the lawyer the accounting rules or methods used. Nor must I, as the attorney, explain to the CPA involved what needs to be done procedurally, or what the parameters of the laws and regulations are. In your case, an Accountant understands all the numbers, and the lawyer knows all the procedures and precedential case law that can benefit you. Not only this, but the deeper level thinking, strategizing, and understanding the tactics to be employed are all under one hood…mine! This leads to greater efficiency and saves you time and most importantly, money!
Just as importantly, once we get you out of the immediate difficulty and danger, I can help you get back on track with your legal and financial obligations. Because I’ve been an Accountant for almost 30 years, I can understand more readily how you got off track—and if a professional was responsible—and how to get you back on track and stay there. I can help you understand your legal position and obligations so that you can avoid trouble in the future. I can help you understand where things went wrong, how things went wrong, and how to understand it all so that you don’t fall prey to these types of difficulties again.
Hiring a lawyer who is also an Accountant (or an Accountant who is also an attorney) has many, many benefits that most of my competition just cannot match. Give me a call today so that I can show you the many ways I can help you out. I’m sure you’ll be pleased!