Power of Attorney
A Power of Attorney authorizes us to represent a taxpayer or business before the IRS or State. If you have tax problems and need help, we will represent you and argue on your behalf.
You don’t have to be present; we take care of it for you!
Audits
All tax returns, including individual, small businesses, payroll, and sales should be prepared accurately and on time. Errors such as, under-reporting income, overstating expenses, or not filing or paying taxes may result in an audit of a tax return.
Bookkeeping records always come in handy during an audit.
Respond to IRS Correspondence
Whether you receive a notice of underreported income, a mathematical calculation correction, or the IRS or State is requesting additional documentation, it is critical to respond by the response due date on the notice. Not doing so may result in an undesirable change on a tax return, or even worse, an increase in tax.
Always open IRS and State notices as soon as you receive them!
Prior Year Tax Filings
If you are late filing a tax return or did not file one at all, the IRS may impose certain penalty fees, interest fees, or both. They may even file a tax return on your behalf; estimating figures that may not be beneficial (or representative of) your situation.
We can help you file all past-due tax returns and correct the ones the IRS has filed on your behalf!
Levies or Liens
The IRS may use levies or liens to reclaim back taxes. Levies allow the IRS to seize property to pay off the tax debt, while liens are a legal claim by the IRS against any property you own (including items you own, real estate, and other assets). A seizure made by the IRS can often leave you with no assets at all.
We can help you settle with the IRS to remove a levy or lien that may be affecting you or your business, and you can keep all your assets!
Payment Plans and Installment Agreements
Should you be in financial hardship, an IRS payment plan (also known as installment agreements) allows tax debts to be paid off monthly. Negotiating such a plan will be made much easier with the use of IRS representation.
Offer in Compromise
If you are not financially capable of paying off your tax debt, an alternative is an Offer in Compromise which will allow you to settle for a lower amount than that which was originally owed. It is not a good fit for everyone, so consulting an enrolled agent first is the best course of action.
Innocent Spouse Relief
On occasion, joint returns may be filed by married couples as there are financial benefits that come from filing this way. However, should one spouse (or ex-spouse) rack up tax debts, the other can opt-out of being liable for the debt – innocent spouse relief was designed to help when one spouse became the victim of financial fraud perpetrated by the other.
If the IRS is sending you correspondence for your spouse’s (or ex-spouse) tax debts and you meet certain requirements, you may qualify for innocent spouse relief!