THE NATION’S LEADING EXPERTS IN TAX NEGOTIATION & MEDIATION
Solve your IRS/STATE tax problems.
OFFER IN COMPROMISE
If you not only cannot presently pay your back taxes in full, and now owe the IRS more than you could ever afford to pay, a properly done Offer in Compromise, if accepted by the IRS, lets you satisfy your tax debt with one smaller amount in a full and final payment. You have to be able to prove that you have no reasonable way to pay the full amount. You are much better off engaging a TDP team to work this strategy for …
INSTALLMENT PAYMENT PLANS AND PARTIAL PAY INSTALLMENTS
If you can’t pay your back taxes in full, but could pay them back over time, we can negotiate for you a monthly payment plan that takes account of your unique financial circum-stances – including getting to decide on your own monthly due date. Once we put in place the Installment Agreement, the IRS will stop levies, seizures and garnishments, and not start them up again as long as you make all payments and file all of your tax returns on time. …
DELINQUENT TAX RETURNS
You must file all of your late tax returns because until you do, the IRS will not entertain any type of tax settlement or payment plan to help you pay back taxes.
INNOCENT SPOUSE RELIEF
If you can prove that you are an innocent spouse (or ex-spouse), as defined in the Internal Revenue Code, you may not be subject to the taxes caused by another person. Our TDP team can frame this position for you, present the evidence and relieve you of tax obligations that are not yours.
OFFSHORE BANK ACCOUNTS
If you have funds in foreign financial institutions, properly disclosing your offshore account can reduce the chances of criminal prosecution and minimize what would otherwise be severe IRS penalties. If you have any bank or investment account(s) outside of US territory not disclosed on your 1040(s), you will be better advised to engage TDP to help you proceed in your best interest.
PAYROLL TAX PROBLEMS
If you owe back taxes on delinquent payroll and employment taxes, it is important to resolve these swiftly to protect the future of your company and your individual financial wellbeing. The IRS assigns a much higher priority to the collection of employment taxes than income taxes because it is money that you withheld from your employees paychecks that you failed to pay over to the government. TDP teams are experts in permanently resolving payroll tax problems.
INVESTMENT FRAUD VICTIMS
If you owe back taxes paid on phantom profits from a fraudulent investment (“Ponzi”) scheme, you may be eligible to recoup 30% to 40% of your losses. This highly technical and complex process can help you reduce taxes paid in previous years, resulting in refunds with interest.
FILING FOR BANKRUPTCY TO DISCHARGE IRS TAX DEBT
As a last resort, and if the taxes are eligible for discharge, you can file for bankruptcy if the IRS rejects your IRS compromise settlement or payment plan. However, if you are eligible to have your tax debt discharged in bankruptcy, you will need a separately engaged, seasoned bankruptcy attorney to help you. TDP does not provide bankruptcy services, but does work with your bankruptcy counsel in the process to assist with the minimization or extinguishment of income tax obligations.
BACK TAXES CAN EXPIRE – THERE IS A STATUTE OF LIMITATIONS ON IRS COLLECTIONS
If you not only cannot presently pay your back taxes in full, and now owe the IRS more than you could ever afford to pay, a properly done Offer in Compromise, if accepted by the IRS, …The IRS is (generally) prohibited from collecting taxes that were assessed by a tax filing or audit more than ten years earlier. Your TDP team can perform a “Collection Statute Expiration Date” (“CSED”) analysis to determine when you might be free of the obligation to make certain tax payments. …
REQUEST A FREE CONSULTATION
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WE AT TAX DEFENSE PARTNERS ARE HERE TO HELP
If you call us, we will explain to you the nature of your tax problem and the strategies you can use to resolve it permanently so it no longer threatens your economic life. You may decide to ask us to resolve your problem for you; to deal with the IRS so you don’t have to – but that will be your decision to make after you clearly understand what we will do to help you, how we will do it and how much it will cost. Whether or not you hire us, we will still give you a free consultation to frame your tax problem and suggest methods for resolving it permanently. Any and all conversations we have with you are confidential, whether or not we end up working together.
FILING BACK TAXES – TAX RETURN
PREPARATION FOR IRS BACK TAXES
You Didn’t File Tax Returns in Previous Years and THAT’s Getting to be a Problem?
If you did not file your income tax return one year, the next year you no doubt wondered what to do. If you are like many people, you didn’t know what to do – so you didn’t file that year either because you thought it would draw attention to the first year you didn’t file. THAT can start a vicious cycle of back taxes.
If the IRS finds out about income you received in those years, they will file a tax return for you called a “Substitute for Return” or “SFR.” It will say you owe more tax, interest and penalties than if you filed the return, because the IRS does not have to assume you have any deductions or exemptions, or that what you sold cost you anything to buy. It’s amazing how back tax debt can balloon if it’s the IRS figuring out what you owe. It’s better to resolve all of the missed tax returns with Tax Defense Partners whose professionals know how to file back taxes, to work with you to get and organize the information you need to complete the filings.