IRS Representation
The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return. If you don’t comply with the Auditors’ and their Audit process, the IRS will recalculate your tax and send you a hefty tax bill. Many taxpayers decide to handle a tax audit themselves, but that is totally unwise. They most likely will received a substantial bill for a significant tax deficiency.
IRS Auditors are trained to extract more information from you than you have a legal obligation to provide. But with us, you rarely even have to talk with the IRS. We protect your rights and handle it all for you so you can focus on your important matters. You simply forward notification of an audit to us and we handle it from A to Z.
There are basically two types of audits: Correspondence Audit and Field Audit.
Correspondence audits are simply mailed letters that the IRS sends to taxpayers requesting more information, adjusting tax returns, etc.. If the IRS conducts your audit by mail, their letter will request additional information about certain items shown on the tax return such as income, expenses, and itemized deductions. It’s highly recommended to hire a tax professional to review and respond to these letters to avoid further reviews. If you have too many books or records to mail, we can request a face-to-face audit.
Field Audits are an in-person interview to review your records. The interview may be at an IRS office (office audit) or at the taxpayer’s home, place of business, or accountant’s office (field audit). Remember, you will be contacted initially by mail. The IRS will provide all contact information and instructions in the letter you will receive.
Generally, the IRS can include returns filed within the last three years in an audit. If they identify a substantial error, they may add additional years. IRS usually doesn’t go back more than the last six years.
We hold the highest credentials offered by the IRS and unrestricted as to which taxpayers we can represent, what types of tax matters we can handle, and which IRS offices we can represent clients before. Our specialized knowledge of IRS tax settlement and audit procedures means proper representation of your interests before the IRS or other local and state taxing agencies.
Lien, Levy and Seizure
A tax lien is the federal or state government’s legal claim to your property. The IRS may issue a tax lien if you fail to pay your taxes. The IRS will mail you a Notice of Federal Tax Lien when a lien is issued. Lien gives the IRS the legal right to collect taxes from the sale of your assets, which includes just about everything you own. The lien can be against you, your spouse, or your company. A lien against your company would seize your accounts receivables.
A levy is the legal taking of property held by third parties (i.e., bank accounts, brokerage, wage garnishments, etc.) in satisfaction of a debt. This normally occurs after a lien, but not in jeopardy situations.
A seizure is the taking of physical assets, such as your home or car. Seizures usually happen in aggravated cases when someone ignores many requests by the IRS over a long period of time to pay their outstanding taxes. A Seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets to be sold in auctions for way below market value to to pay your tax debt.
We can help you address these issues and solve the problem with the IRS to your best interest.
Offer In Compromise (OIC)
Under Offer in Compromise program, we can help you settle your debt with the IRS for just pennies on the dollar. The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay.
IRC section 7122 states “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…”
An IRS Settlement is an agreement between you and the IRS to pay less than what you owe. We can help you reduce your tax debit and arrive into a reasonable settlement with the IRS.
Innocent Spouse Relief
When you file a joint return with your spouse, both of you are fully responsible for the taxes. If you are now separated and your ex-spouse caused the tax problem, you may qualify for IRS Innocent Spouse Relief.
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.
Power of Attorney (POA)
To properly work with the IRS on your audit or offers in compromise, we will need a signed Power of Attorney to efficiently act on your behalf. All actions must be discussed and agreed with our clients prior to action.
Audit Representation Fees
Our fee for IRS tax settlements and audit representation billed at hourly rate of $200 and typically ask for a retainer of 2 – 3 hours, depends on the case, to start the engagment. We do everything we can to solve the issue to your best interest and with the least cost possible to you.