Payroll tax problems are very serious and the IRS pursues their collection very aggressively. The government views it as a form of “stealing” since the funds were withheld from the employee and never remitted to the IRS.
Frequently there are taxpayers that do not file individual or business tax returns for one or more years for various reasons. Missing all or a portion of their records and documents, personal or financial hardship and/or neglect are one of many reasons to fall behind
IRS audits should be taken seriously because they often lead to additional tax years being selected for examination and other tax deductions not originally stated in the audit letter.
A bank levy is issued by the Internal Revenue Service when your taxes remain unpaid and resolution has not been reached. The IRS will freeze your bank accounts and seize any money in your bank account up to the amount that you owe, including penalties and interest.
A wage levy is used to seize your wages, commissions, or other income (often called a garnishment). The Internal Revenue Service can even garnish your Social Security income! You have only 30 days from the date of a Final Notice of Intent to Levy to either pay the tax in full or to find a solution to your back taxes.
Direct Tax Relief represents taxpayers in all 50 States across the country. It’s no secret that most States are in a financial crisis and are experiencing large budget deficits. This is the main reason collection efforts of back taxes have been tougher and more persistent by State tax agents.
A Federal Tax Lien or State Tax Lien gives the Internal Revenue Service, California Franchise Tax Board, or your State Department of Taxation a legal claim to your property as security or payment for your tax debt.
Innocent Spouse Relief (called form 8857) is a form of tax relief that can relieve you of your tax debt liabilities, interest, and penalties as a result of filing a joint tax return with your current or ex-spouse.
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 Internal Revenue Service to make a tax lien secondary to the lien by the lending institution that is refinancing or restructuring a loan.
Currently Not Collectible means that a taxpayer has no ability to pay his or her tax debt. When the taxpayer demonstrates they are in severe financial hardship and have no ability to make monthly payments or liquidate assets in order to pay their back taxes, the Internal Revenue Service can declare the account "currently not collectible."