IRS Criminal Investigation Issues Annual Report: 18% Gain in Prosecutions and Convictions Rose More Than 25% Compared to the Prior Year

Criminal Investigation recommended 4,364 cases for prosecution in 2013. Direct Tax Relief (DTR) assists clients to avoid mistakes that lead to criminal investigation and possible prosecution by giving them valid professional advice and guidance so they handle their taxes the correct legal way It was announced by the Internal Revenue Service on February 24, 2014 (IR-2014-18) that the Criminal Investigation Division (CI) has released its Annual Report for Fiscal Year 2013 
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IRS Releases the “Dirty Dozen” Tax Scams for 2014

IRS issues annual list of top twelve tax scams in time for tax season. Direct Tax Relief (DTR) assists clients with tax preparation for current and past tax years and corrected amended returns for victims of tax preparer scams. The Internal Revenue Service on February 19, 2014 issued its annual “Dirty Dozen” list of tax scams 
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What is a Penalty Abatement?

Direct Tax Relief can successfully negotiate with the IRS to have penalties removed from your account.  The Internal Revenue Code allows penalties and the associated interest to be abated by the IRS, if the taxpayer can show reasonable cause. 

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What is a Lien Subordination?

Want to refinance your home and get the IRS off your back?

If taxpayers are looking to refinance or sell a home and there is a federal tax lien filed, there are options. The Tax Attorney at Direct Tax Relief will negotiate with the IRS to make a tax lien secondary to the lien by the lending institution that is refinancing or restructuring a loan.

In some cases, a federal tax lien can be made secondary to another lien, such as a lending institution’s, if the IRS determines that taking a secondary position ultimately will help with collection of the tax debt.  That process is called subordination. Taxpayers may apply for a subordination of a federal tax lien if they are refinancing or restructuring their mortgage. Without lien subordination, taxpayers may be unable to borrow funds or reduce their payments. Lending institutions generally want their lien to have priority on the home being used as collateral.

Professional assistance and representation is strongly recommended to improve your chances of the IRS approving the subordination request.

Call today at (800) 505-4134 for a FREE Tax Resolution Analysis.

A tax lien gives the IRS or state tax authorities a legal claim to your property to settle your debts to them. Once the tax authorities have assessed your liability and sent a notice demanding payment, they can begin seizing your property in as little as 10 days. Collection methods such as state or IRS bank levies and wage garnishment are serious business, and the authorities will not hesitate to use these methods if you ignore their tax lien notices. But if you are in this situation there is still one last defense – work with Direct Tax Relief to arrange lien subordination.

The professional strategists at Direct Tax Relief can temporarily lift the tax lien against your assets to provide an opportunity to refinance your home or sell your property. This arrangement, known as lien subordination, gives you the opportunity to take advantage of better interest rates and market trends before you use equity from your property to settle your debts. You may also be able to qualify for other types of tax relief such as offer in compromise and penalty abatement during the lien subordination period.

Call us now at 1-877-505-4829 to begin arranging a lien subordination agreement and one of our tax professionals will explain the entire process to you.

As soon as you call Direct Tax Relief , a personal tax strategist will be assigned to your account and available to meet your needs. We will explain the tax lien subordination process and advise you on the best approach to get the tax relief you need. Just make sure to tell us about any certified mail or other concerning forms of communication you’ve received from the IRS or state tax board, so we can prepare your account in the most appropriate manner. If you don’t act now the tax authorities will do whatever it takes to begin collecting your debts.

Call today at (800) 505-4134 for a FREE Tax Resolution Analysis.

 

What is a Currently Not Collectible?

Currently Not Collectible (CNC) means that a taxpayer has no ability to pay his or her tax debt. When the taxpayer demonstrates they are in a severe financial hardship and have no ability to make monthly payments or liquidate assets in order to pay their back taxes, the IRS can declare the account “currently not collectible.”  In order for the IRS to consider placing your account in CNC status, the IRS agent will have to review detailed financial forms and substantiating documentation submitted by the taxpayer.

 

Once the IRS declares a taxpayer currently not collectible, the IRS must stop all collection activities, including levies and garnishments.  The IRS must send an annual statement to the taxpayer stating the amount of tax still owed. This annual statement is not a bill.  While in CNC status, the 10-year statute of limitations on tax debt collection is still running. If the IRS cannot collect the tax within the 10-year statutory period, then the tax debts will expire.

 

Our tax experts at Direct Tax Relief will evaluate your specific situation to see if CNC status is the best relief option for you.  CNC status is considered on an individual basis. In the right circumstances, CNC can indeed provide a good tax solution that permanently solves your tax problem.  In other situations it might be a temporary fix to give the taxpayer some breathing room until other tax solutions are available.  You need expert tax representation by a qualified professional to get the results that you are looking for.

Call today at (800) 505-4134 for a FREE Tax Resolution Analysis.

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