7 Ways We Can Help
Based on your specific situation, Kent Anderson & Associates can use many strategies and tactics to create a solution for your tax debt problem. These are a few examples of successful ways to resolve certain issues.
- You don't have to simply accept what the IRS says you owe.
The IRS is often wrong when it sends you a letter saying you owe more tax. You have a legitimate right to contest the IRS position.
The IRS has a procedure for reconsideration of a bad audit. If you were treated unfairly by the IRS in a prior audit or failed to respond in time when you were sent a notice, it may be possible to re-open the audit and provide the necessary documentation or other proof to resolve a tax dispute.
Tax authorities can waive penalties when there is a good cause to do so. If the penalty resulted from circumstances beyond your control, the IRS has a procedure to consider abatement of the penalty. - We can stop levies and collection activity.
The IRS has rules that prohibit collection from people who meet certain financial criteria. If you qualify, it is possible to obtain a reduction in the amount or even eliminate a levy on wages or your bank accounts
Many delays are possible in resolving your case with the IRS. By properly exercising your rights under the tax law, it is possible to obtain additional time in which to raise money or contest the tax assessed against you.
In some circumstances, you can be excused from making payments on a tax debt you owe for a period of time. We can help analyze your financial position to determine whether or not such relief is available.
Federal tax liens can be released to sell or refinance a house without full payment of the tax liability. - We can negotiate your tax debt.
What you owe has little to do with how much you must pay to settle your debts to the U.S. Treasury. The IRS bases its analysis of your offer on different criteria unrelated to the amount of your debt. The impact on your household, your general financial condition and any defenses you have to collection of the tax.
The expenses the IRS will "allow" to you in calculating the amount you must pay on an old tax bill are subject to negotiation. The impact on your household, your general financial condition and defenses you have to collection of the tax can be presented on your behalf. - We can deal with multiple years of unfiled tax returns
The IRS may forgive filing of more than 6 years of unfiled tax returns. Under some circumstances an IRS Collections Officer can waive the filing of old tax returns.
The IRS can only collect tax for 10 years under their current rules. If the tax returns were timely filed, there is no fraud involved, and there are no intervening events that prevent collection by the IRS such as an appeal or bankruptcy proceeding, IRS guidelines terminate collection authority 10 years after the tax first became collectable.
The IRS has records available to taxpayers which can help in filing old tax returns. The IRS maintains computerized records for a period of 6 years that documents income you received from may sources. - Bankruptcy often can be useful in resolving tax problems.
Some types of tax are dischargeable in bankruptcy. Income tax when returns were timely filed, and some other types of tax are dischargeable in bankruptcy if they meet specific, statutory rules for discharge. We know how to calculate whether or not your tax liability is subject to discharge in bankruptcy.
Chapter 13 bankruptcy can stop the collection of penalty and interest on unpaid tax. In some circumstances, it can even permit the discharge of tax that would otherwise be non-dischargeable. Learn more about bankruptcy, click here. - The chances of criminal prosecution of tax cases are small.
The IRS prosecutes very few taxpayers for failure to file tax returns. However, speaking to the IRS without legal counsel increases the likelihood of criminal prosecution. Whatever you tell the IRS can and often is used against you in court.
It costs the government approximately $50,000 to prosecute a criminal tax case. If a case is examined for criminal prosecution, it is less likely to occur if you get legal representation early in the process and refuse to talk directly to the IRS. - A competent professional will get you a better settlement with the IRS.
According to the National Taxpayer Advocate 2003 Annual Report to Congress, 24% of all Offers In Compromise submitted were rejected because they were filled out incorrectly. Of those that were accepted, nearly half were still refused.
Your settlement with the IRS is more likely to be accepted when prepared by an experienced professional. Kent Anderson & Associates has proven experience in preparing such offers. We know how the information we provide is analyzed by the IRS and we know how to get the best possible results for each situation.
Even if the IRS tells you that you do not qualify for a settlement of your tax, a competent professional representative may be able to compromise your tax. Many IRS employees actually know less about the Offer in Compromise process than we do. Often, the way your case is presented can play a significant role in whether or not an offer is accepted.
When you hire Kent Anderson & Associates, the IRS must go through us to get information from you. When you use a lawyer, it will help prevent unwanted admissions that can complicate an audit or even subject you to criminal liability.
Confidential information you give to a lawyer is protected from the IRS. Under most circumstances, the information you give your lawyer will remain secret and the IRS cannot force a lawyer to disclose it to them. The IRS will allow you to pay our fees from cash assets that are otherwise subject to collection. Payments made to professionals assisting you with a tax matter are permissible under IRS collection standards as necessary expenses.
Kent Anderson & Associates has proven experience working with IRS personnel and we know how best to present a taxpayer's case. After working with hundreds of taxpayers for over a quarter century, we have learned how to deal with many types of common tax problems in an efficient and effective manner.