TAX PROBLEMS

The IRS’s computer center grows more advanced by the day, making it only a matter of time before they catch up with non-filers.

Failure to file tax returns is a serious offense, carrying potential criminal penalties. Avoid risking your freedom by not filing – each year not filed could result in one year of potential jail time.

Let us provide you with the peace of mind you deserve by assisting you in complying with the law. By voluntarily filing your delinquent returns, you can likely avoid further issues beyond paying interest and penalties.

If you wait for the IRS to file on your behalf, they will do so in their best interest, often missing out on deductions you are entitled to.

To navigate this situation, all delinquent returns must be filed promptly. You must become current with your tax obligations, which may include taxes owed, interest, and penalties.

For assistance in getting up to date with your taxes, please reach out to us for a free consultation with a tax specialist. We’re here to help you resolve this matter effectively and efficiently.

You have filed your returns but didn’t have the money to pay what was owed. You may think, “Oh well—I will catch up next year.” Before you know it you find yourself several years in arrears, and suddenly there is a notice from the IRS, stating that you owe three or four times the original amount.

It’s amazing how fast tax penalties and interest add up. Now you have a choice; you can write a big fat check and pay the full amount, including interest and penalties. Or you can just keep ignoring them while the penalties and interest keep piling up.

Luckily, we offer several options when it comes to resolving unpaid taxes.

Call a tax specialist to contact us for a free consultation to discuss your option for back taxes.

The IRS considers failing to pay payroll taxes as one of the gravest tax delinquencies because these taxes primarily consist of your employees’ withholdings. To the IRS, not paying your company’s payroll taxes is akin to taking your employees’ money.

Consequently, penalties for late payment of payroll taxes and delayed filing of payroll tax returns are significantly harsher compared to other penalties. These penalties can quickly multiply the amount owed.

If your business is behind on payroll taxes, be cautious! The IRS is known for its aggressive pursuit of these taxes. They may opt to seize your business assets, shut down your operations, auction off your assets, and ultimately force your business to close rather than allow further accumulation of payroll tax liabilities.

If you find yourself in this situation, it’s crucial not to engage with the IRS alone. The way you respond to their initial inquiries can have a significant impact on the future of your business. It’s imperative to seek professional representation from someone who understands the IRS’s procedures.

For a free consultation on how to resolve your payroll tax issues, please contact us for a free consultation. We have the expertise to guide you through this challenging process and protect your business interests.

Federal Tax Liens can significantly disrupt your life. When taxes go unpaid, the IRS establishes a lien against all your assets, particularly real estate. This grants the IRS the legal right to collect taxes from the sale of your assets, essentially everything you own.

This lien can be placed against you, your spouse, or your company. If it’s against your company, it could seize your accounts receivables. At this stage, everything you own is just one step away from becoming government property.

IRS liens also appear on your credit report, often hindering your ability to open a checking account or borrow against assets like your home. Banks are reluctant to deal with the added complexity when the IRS steps in to collect.

Having a Federal Tax lien on your record can prevent you from obtaining a reasonable loan to buy a car, resulting in exorbitant interest rates of 18-22%. Additionally, you’ll face challenges buying or selling any real estate.

The implications are extensive and can severely limit your financial options. If you’re grappling with tax lien issues, don’t hesitate to contact us for a free consultation. We can help you navigate this complex situation and work towards a resolution.

Levies can wreak havoc and completely disrupt your life. When the IRS issues a levy, it’s their way of getting your immediate attention. Essentially, they’re saying that they’ve tried to reach out to you, but you’ve ignored their attempts. Levies are a powerful tool used to seize your wages and any other assets you may have. If you own it, they can take it – this includes checking accounts, vehicles, stocks, bonds, boats, paychecks, and even Social Security checks!

Imagine waking up to find all your bank accounts completely drained. They’ll take every dime, and if that’s not enough to cover what you owe, they’ll continue to take from your accounts until the debt is satisfied. They know that seizing your bank account will lead to bounced checks and financial chaos, but their main focus is collecting what’s owed to them.

As detrimental as a bank account levy can be, a wage levy, or garnishment, is even worse. This means that a significant portion of your paycheck goes directly to the IRS, leaving you with barely enough to cover essential expenses. This process continues week after week until the debt is paid off.

If these methods don’t yield the desired results, the IRS may escalate further. They can seize and sell off your assets at auction – everything from your home to your cars, boats, jewelry, motorcycles, insurance policies, retirement funds, and anything else of value.

At our firm, we’ve successfully helped many clients release levies and navigate out of these dire situations. Our goal is to work with you and the IRS to find a resolution that you can afford, allowing you to start anew.

If you need help resolving your tax problems, please contact us for a free consultation.

Imagine this scenario: You received an IRS Notice of Intent to Levy 30 days ago, but it slipped your mind. Then, on payday, you eagerly open your paycheck only to find that the IRS has taken a significant portion of your hard-earned money. What remains is barely enough to cover essential expenses like rent, car payments, groceries, and other bills. This situation will persist with every paycheck until the tax debt is settled in full.

Now you’re facing a serious financial crisis. Despite your pleas, your employer is legally obligated to withhold a large percentage of each paycheck once a wage garnishment is filed.

At our firm, we specialize in negotiating the release of IRS wage garnishments by establishing a more favorable payment plan. Our negotiated plan ensures you receive your full paycheck without the looming threat of future wage garnishments.

For resolving your wage garnishment issues, please contact us for a free consultation.

Were you aware that you can settle your IRS debt for just a fraction of what you owe through the Offer in Compromise program? This program allows taxpayers to resolve tax debt that has been incorrectly assessed or is simply unaffordable.

According to the IRS Code, “We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code section 7122).

In many cases, it’s possible to completely eliminate the taxes you owe, along with penalties and interest, at a significant discount. There is no fixed minimum amount that the IRS will accept to settle your debt, especially if your offer is well-prepared.

When handled correctly, your debt may be settled for as little as 5-15% of the total amount owed. The key is determining the minimum amount the IRS will accept before making your offer.

Contact us for a free consultation on potential solutions to your tax problems.

A seizure, unlike a levy which targets intangible assets like your bank account, involves the physical taking of assets such as your home or car. Seizures typically occur in severe cases where repeated IRS requests for payment go unanswered over an extended period.

The seriousness of a seizure cannot be overstated. The IRS will aggressively pursue the seizure of your physical assets, including your home, vehicles, and more. Countless stories have highlighted individuals forced out of their homes after the IRS auctioned them off, often for a fraction of their true value.

Once the IRS seizes your assets, they aim to sell them quickly at auction, often fetching far less than their actual worth. This means they may seize everything from your home and cars to jewelry and retirement funds.

If you’ve received a seizure notice from the IRS, don’t delay. Contact us for a free consultation with a tax specialist to discuss your options and protect your assets.

Bankruptcy could potentially eliminate your back taxes, interest, and penalties, providing relief from overwhelming tax problems. However, not everyone qualifies for this solution, as specific rules must be met.

Without proper pre-bankruptcy planning, the IRS may continue to pursue you even after bankruptcy. It’s crucial to assess your eligibility and options carefully.

Contact us for a free consultation to explore if Bankruptcy is a viable solution for your tax situation.

Did you know that you can get out of the tax debt due to the misdeeds or fraud committed by your spouse? Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse.

If you qualify for Innocent Spouse Relief, you may not owe any tax. To see if you qualify contact us for a free consultation.

Receiving an IRS Audit letter can be a daunting experience, taking valuable time away from your business and family. Audits require meticulous gathering of records to substantiate every item on your tax return, along with a deep understanding of complex tax laws.

The IRS conducts thorough audits to ensure the accuracy of your tax return. Non-compliance can result in the IRS recalculating your taxes, potentially leaving you with a substantial tax bill.

IRS Auditors are skilled at gathering information, often requesting more than required. They capitalize on the fear and uncertainty many individuals face during audits.

At Christine Hinton CPA, we alleviate this burden for you. Our team handles the entire audit process, allowing you to focus on your business and daily life without interruption. You won’t need to communicate directly with the IRS – simply forward the audit notice to us, and we’ll handle everything from start to finish.

If you’ve received an audit notice from the IRS, don’t hesitate to contact us for a free consultation with a tax specialist. We’re here to provide the expertise and support you need during this challenging time.

Receiving an IRS Audit letter can be a daunting experience, taking valuable time away from your business and family. Audits require meticulous gathering of records to substantiate every item on your tax return, along with a deep understanding of complex tax laws.

The IRS conducts thorough audits to ensure the accuracy of your tax return. Non-compliance can result in the IRS recalculating your taxes, potentially leaving you with a substantial tax bill.

IRS Auditors are skilled at gathering information, often requesting more than required. They capitalize on the fear and uncertainty many individuals face during audits.

At Christine Hinton CPA, we alleviate this burden for you. Our team handles the entire audit process, allowing you to focus on your business and daily life without interruption. You won’t need to communicate directly with the IRS – simply forward the audit notice to us, and we’ll handle everything from start to finish.

If you’ve received an audit notice from the IRS, don’t hesitate to contact us for a free consultation with a tax specialist. We’re here to provide the expertise and support you need during this challenging time.