Archive for May, 2011
Most people have never heard of an Offer in Compromise. If you have a tax bill you cannot pay and the I.R.S. is demanding that you pay that tax bill, you may be eligible to resolve your delinquent tax problem for far less than you actually owe. It depends on your situation, but it may be an option to resolve your tax problem. An Offer in Compromise is a little known provision that allows the amount of your tax bill to be negotiated with the I.R.S. Offer in Compromise applies when there is no way that you can pay the full amount of your tax bill and it is highly unlikely that you will be able to pay the full amount of the tax bill in the future.
To find out if you qualify for an Offer in Compromise you will need access to people who understand the rules and know how to work with the I.R.S. We have CPAs, Enrolled Agents, Tax Advisors and Paralegals who can work with you, work with the I.R. S and get you back in good standing with the I.R.S. Our skilled professionals know how to find solutions to your tax problems and they can work effectively with the I.R.S. We may be able to clear your tax bill for far less than the total tax you owe by filing for an Offer in Compromise. Contact us today and get our team of experts working for you. Wouldn’t it be a relief to have your tax problem resolved and not have to worry about additional or extreme collection action such as liens, levies, garnishments, penalties and interest? All these extreme collection actions can make your tax bill much more difficult for you to resolve. To see if you qualify for an Offer in Compromise, contact US Tax Shield today, set up an appointment and let us help you solve your tax problems.
A Federal Tax Lien is a very serious problem. When you have not been able to successfully resolve a tax problem with the I.R.S., they can put a lien on your property. A Federal Tax Lien gives the entity holding that tax lien a legal right to your property. You cannot sell a property with a Federal Tax Lien and you also cannot use the property as collateral for a loan. The simple fact is that you need a clear title to sell or borrow against a property and a Federal Tax Lien prevents you from having a clear title. This, in effect, puts you in an impossible situation. You cannot sell the property or borrow against it to clear the Federal Tax Lien.
Your most important consideration is finding people who know how to work with the I.R.S. to prevent the Federal Tax Lien. We have CPAs, Enrolled Agents, Tax Advisors and Paralegals who can work with you, work with the I.R. S and get you back in good standing with the I.R.S. Our skilled professionals know how to find solutions to your tax problems and they can work effectively with the I.R.S. Help is available to prevent or resolve a Federal Tax Lien on your property. Contact us today before the tax lien is filed, preventing the tax lien is much simpler than trying to reverse it or resolve it. There are a number of actions we can take, some of which are I.R.S. case appeal, innocent spouse and offer in compromise. Once we know more about your situation we can advise you about the best course of action. We can also help you with state tax dispute resolution including representation with the California Franchise Tax Board (FTB). To prevent a Federal Tax Lien, contact US Tax Shield today, set up an appointment and let us help you resolve your tax problems.