Tax Issues
Offers-in-Compromise
An offer in compromise is an agreement between a taxpayer and the IRS that resolves the taxpayer’s tax debt for less than what is actually owed. Doubt as to Liability, Doubt as to Collectibility and Effective Tax Administration are three ways the IRS can legally accept less than full amounts owed. We can determine your eligibility and guide you through this process. Please note some “tax representation” firms unethically promise this service even when an offer in compromise is not a valid resolution.
IRS Payment Plans
This option is for taxpayers who cannot settle their entire tax debt at one time and need to make payments with the IRS or State taxing authorities. We can determine if an installment plan is a viable option. If an installment plan is viable we can negotiate the terms on your behalf. Often the terms we negotiate are lower than that of self negotiated installment plans.
Penalty Abatements
The IRS imposes penalties against taxpayers for a variety of reasons, such as late tax returns, fraudulent tax returns or not making timely estimated tax payments. Tax penalty can be as high as 100% of the tax owed. Often we can assist in eliminating or reducing these penalties.
Tax Levies, Liens, and Seizure
The IRS and/or State taxing authorities can take (levy) your savings or checking account, a portion of your paycheck, retirement accounts as well as real estate. We can help in obtaining a release of this type of levy. Additionally, tax liens can be filed which gives the IRS and/or State taxing authorities a right to your property. Another potentially devastating action the IRS can take is garnishing (seizing) one’s bank account. We have experience in resolving these matters.
Innocent Spouse Representation
Joint tax returns make both the husband and wife fully liable for the tax. Meaning the IRS or State taxing authorities can collect from either spouse. You may be eligible to be released from the obligation for the tax liability and the related interest and penalties under certain circumstances.
Trust Fund (Payroll) Taxes
At times business owners find themselves trapped in payroll tax problems as a result of failing to submit employee withholdings and/or employment taxes. Personal civil penalties and interest result in an amount in excess of the initial tax that wasn’t paid can result. The IRS is aggressive in pursuing businesses and individuals for unpaid payroll taxes. We can advise throughout this problematic process.
Tax Litigation
When the IRS is not willing to negotiate reasonably, then we are prepared to represent you and/or your business in Tax Court to dispute an audit finding or appeals decision.
IRS Audits/Examinations
An audit or examination is a procedure used by the IRS and State Taxing authorities to gather information about your personal income or business tax return and determine if the information you provided was correct. At times the IRS requests documentation that is not relevant to the information on your tax return, this is a fishing expedition and can be a sign they are looking for a tax crime. Additionally, the IRS will bully un-represented taxpayers. It is strongly advised that all taxpayer’s selected for audit/examination hire a tax attorney to represent them. We have experience guiding taxpayer’s through the audit process.
Wage Garnishment Release
One of the most financially devastating actions the IRS can take is garnishing (seizing) one’s wages. We can help in obtaining a release of this type of levy.
Collection Due Process Hearing
Certain IRS notices give the taxpayer’s the right to a collection due process hearing. This can be a helpful tool in opposing any inappropriate action by the IRS. If eligible we can file and represent the taxpayer throughout this process.
IRS Criminal Investigations
The IRS will be relentless if they suspect a taxpayer is trying to cheat the government. Prison, tax penalties and a felony record could result. If you have any indication that the IRS is investigating you for tax fraud, tax evasion or any other tax crime it is highly suggested that you cease all dialogue with the IRS and contact us immediately.
Tax Planning
Business and personal financial decisions can lead to negative tax consequences. Seeking advice from a tax attorney beforehand is strongly advised. We provide tax planning counsel for individuals, estates, corporations, business partners, and limited liability companies (LLCs).
Tax Account Review
For a flat fee we can perform a Tax Account Review. This service will enable us to summarize the taxpayer’s situation (such as un-filed returns and amounts owed) and to develop a detailed plan on resolution.
Currently Not Collectible Status
If a taxpayer has little or no disposable income, the IRS may classify the taxpayer as “Currently Non-Collectible.” During the period that a taxpayer is in “Currently Non-Collectible” status, the IRS does not attempt to collect the outstanding tax obligation through garnishments or levies.
Tax Preparation
Willfully not filing tax returns can be a Federal and/or State crime. Vijayan Law Group. can file un-filed tax returns. If necessary, we can also re-create missing or lost financial records to enable accurate tax filings.
