Tax Resolution
Excellent Tax Resolution in Greenville County, SC
Are you overwhelmed by the complexities of your tax situation? Let us tackle your tax burden and find a tailored resolution that works for you. Before reaching out to large firms that promise quick fixes, consider consulting with a local expert you can trust.
Mark Bacon, Certified Public Accountant, is dedicated to helping you resolve your tax problems and alleviating the distress that the IRS can cause. We pride ourselves on delivering efficient, affordable, and discreet tax resolution in Greenville County, SC.
IRS Tax Problems We Address
Wage Garnishment
IRS wage garnishment involves the deduction of funds directly from an employee's wages due to unpaid taxes. Often, this aggressive collection method follows repeated notices from the IRS, indicating that they have exhausted other avenues. It is crucial to understand the implications of garnishments and take proactive measures to avoid them or halt the IRS from seizing your wages.
Bank Levy
An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money from your bank or other financial account, and seize and sell your vehicle(s), real estate, and other personal property. If you receive an IRS bill titled "Final Notice of Intent to Levy" and "Notice of Your Right to a Hearing," contact us right away.
Threatening Letters
The IRS carries out its threats, so ignoring an IRS threatening letter is absolutely the worst thing to do. First, you should check the facts in the letter. If there is anything amiss in their calculations, your liabilities, or their assessment, write a polite letter back explaining the error or omission and see if they will remedy the situation. If they have reached the point where they are sending you threatening letters, you may need to be more proactive in resolving the situation before the IRS becomes proactive itself.
IRS Audit Notification
Receiving an audit notification from the IRS can be alarming, but it's important to remain calm. The IRS communicates through letters regarding audits, and there are deadlines for your response. Many audits do not imply wrongdoing; sometimes, they result in refunds or acceptance of your return as filed.
Non-Filing
If you fail to file your tax return, the IRS may prepare a substitute return on your behalf. Unfortunately, this is not favorable, as it typically omits deductions and exemptions. A substitute return only allows one exemption: single or married filing separate, so you end up with a higher tax liability than if you had just filed the return.
Liens
A federal tax lien arises when a tax return is filed, but the tax isn't paid after payment has been demanded. The lien grants the IRS a legal claim against all your property, effectively allowing them to seize proceeds from real estate sales. The filing of a Notice of Federal Tax Lien alerts other creditors of the IRS's claim.
Offers-in-Compromise
An offer-in-compromise is an agreement between a taxpayer and the IRS to settle the taxpayer's tax liabilities for less than the full amount owed. Absent special circumstances, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.
Innocent Spouse Relief
When filing a joint tax return, both spouses are jointly and individually responsible for the tax and any interest or penalty due on the joint return. This is true even if a divorce decree states that a former spouse will be responsible for any amounts due. Relief options include innocent spouse relief, separation of liability, and equitable relief.