No one wants to think about taxes, but it’s even more difficult when the IRS is breathing down your back! In this blog article, we learn about 7 commonly overlooked tax relief secrets the IRS doesn’t want you to know.
If you or someone you know is currently facing IRS difficulties, you can learn insider secrets to tax relief. These secrets can help you get back on track. You can apply for them if you or someone you know—like relatives, friends, partners, employees, or subcontractors—is in this situation.
Learn how to get a leg up on back taxes and delinquent tax returns. This can help you avoid severe IRS penalties and financially debilitating levies on your wages and bank accounts. Ultimately, it can help you get a fresh start. The government has had years of record deficits. As a result, it is more eager to collect every dollar of back taxes and IRS penalties from delinquent taxpayers. If you find yourself owing back taxes and IRS penalties, the seven little secrets the IRS hopes you never see.
TAX RELIEF SECRET #1
DON’T PAY IRS PENALTIES
The IRS has over 148 different penalties they can hit you with. And the worst part is that the IRS can also charge interest and additional penalties on the original sentence.
Penalties can be such a high percentage of the total amount owed to the IRS that it usually makes sense to consider requesting the IRS reduce all penalties to ZERO.
IRS penalties can often be reduced to ZERO if you have a REASONABLE CAUSE. What makes up REASONABLE CAUSE, you ask? In our experience in negotiations with the IRS, anything may qualify as long as it’s reasonable.
We’ve had the IRS abate penalties for medical reasons, bad accountants, ignorance of the tax laws, ex-spouses, helping to provide care for a loved one, military call-ups, fires, floods, alcoholism, drug abuse, death, and even for relying on IRS advice.
YOU MAY BE PLEASANTLY SURPRISED.
YOU HAVE NOTHING TO LOSE, AND THE SAVINGS COULD BE HUGE!
TAX RELIEF SECRET #2
FILE ALL LEGALLY REQUIRED TAX RETURNS ON TIME
Many people don’t realize that the IRS charges a penalty of up to 25% for filing your tax return late. You will get hit with an additional 25% of what you owe if you miss the deadline for filing individual tax returns. It’s even worse for payroll tax returns. Most people don’t know that you can file ANY tax return on time and AVOID THE 25% penalty even if you don’t send in the money owed on the return. We see so many people who could have saved THOUSANDS OF DOLLARS on penalties if they knew this one thing. So in the future, no matter what is going on in your life, file all tax returns on time, even if you don’t send in the money owed with the return. Yes, of course, you’ll get an ugly letter from the IRS for not sending in the money owed, but so what? You will have avoided a 25% penalty.
TAX RELIEF SECRET #3
YOU DON’T HAVE TO LIVE IN FEAR OF THE IRS
Knowing your taxpayer rights gives you leverage when resolving your IRS problems. Instead of feeling powerless when up against potentially crushing back taxes and IRS penalties, knowing your rights as a taxpayer is key. Having a qualified and experienced CPA, Enrolled Agent, or tax attorney is the best way to understand all the options available to you for permanently solving your tax troubles.
A Certified Tax Resolution Specialist can help. We know that IRS tax problems can cause immense fear and anxiety. We take that fear away by knowing the Internal Revenue Service inside and out.
Our mission and passion are to provide tax help to those who feel hopeless against the IRS. Our role is to negotiate the lowest possible IRS payment amount allowed by law.
Our average client has four to eleven years of unfiled tax returns. It’s daunting but fixable. We believe there’s a solution to every problem.
We have saved thousands of people from the financial crisis and helped them turn their lives around. Now they can sleep at night, plan for a home and retirement, and provide for their kids’ future. If you have IRS problems, you owe it to your loved ones to get help today!
TAX RELIEF SECRET #4
YOU DON’T HAVE TO TALK TO THE IRS AUDITOR
Going or talking to the auditor yourself is the worst thing you can do. The Taxpayer Bill of Rights allows you to be represented by a qualified practitioner. They can answer your questions and provide documentation to the IRS. Many taxpayers attempt to handle their audit or hire the person who prepared the tax return to take it for them. This usually does not work out because most tax return preparers do not handle IRS audits daily. The IRS can easily intimidate them, which generally results in an unfavorable outcome.
TAX RELIEF SECRET #5
YOU CAN BEAT THE ODDS WHEN FACING AN IRS AUDIT
When it comes to tax audits, the IRS wins 80% of the time when a qualified practitioner does not represent you. Taxpayers are deemed guilty until proven innocent, which means the IRS can start an audit by disallowing every deduction you made on a return until each one is proven legitimate.
If a taxing authority has decided to audit you, you mustn’t let yourself be pushed around by the IRS. Additionally, the IRS may file them for you if you don’t file your taxes. This is bad as the IRS files the return in theirs, not yours, best interest. Having representation for audits vastly improves your chances for successful tax resolution.
As the proverb states, “he who is his lawyer has a fool for a client.” Treat an IRS audit as seriously as you would a murder trial. Would you go to court without a lawyer? Then why would you go before the IRS without competent representation?
TAX RELIEF SECRET #6
IRS AUDITS CAN BE RESOLVED SWIFTLY
The best way to end an IRS AUDIT with a great outcome is to complete it at the first meeting. When our firm represents clients in IRS audits, we perform a trial audit in our office. We do this before we ever meet with the IRS. This allows us to know which areas need more documentation or answers.
When we meet with the IRS (without our client), we can quickly answer the auditor’s questions. We can also provide documents and get to the bottom line. We always meet the IRS at their office or ours, but NEVER at the clients. If you receive an IRS audit letter in the mail asking you to come in or call for an appointment, keep in mind Tax Relief Secret #4: You Don’t Have to Talk to the IRS Auditor. Get representation.
TAX RELIEF SECRET #7
THE IRS CUTS DEALS
The IRS does make deals on taxes owing, including all penalties and interest. The requirements are rigid, but the results are incredible if you qualify. To be eligible for a deal with the IRS, I suggest that you owe the IRS at least $10,000 and have very little equity in assets.
Also, you must use your monthly income to pay your necessary living expenses. You should not have much or only a tiny amount left over to pay old taxes. If you meet these requirements, you owe it to yourself to explore the possibility of a reduction of up to 85%. It includes penalties and interest on the original amount owed.
You could qualify. The IRS cuts these deals to get you back in the system as a current taxpayer and collect a few bucks on the old taxes. The fine print in these deals requires you to file your tax returns and pay on time for the next five years. The IRS revokes the contract and bills you for the original amount if you don’t.
TAX RELIEF SECRET #8
THE IRS CUTS DEALS
WHAT HAVE YOU Got TO LOSE? IRS problems do not go away on their own. Begin the process today of solving your IRS/state tax problems – once and for all. You owe it to yourself and your loved ones. Get a FREE tax relief consultation and let us permanently solve your tax problem! You can call us at (469) 262-6525 or visit our website www.com for a free consultation to discuss your options. The minute you retain Executive Tax Solution, we will take over all communications with the IRS. You will no longer have to speak to them. We will file any delinquent tax returns to bring you to full IRS compliance. We will vigorously defend your rights as a taxpayer. We aim to permanently resolve your back IRS tax problems. You have nothing to lose except those sleepless nights.
ABOUT YOUR COMPANY. We offer transparency to our clients. This helps them understand the process for resolving tax debt. It gives them realistic expectations for solving their specific tax problems. Our role is to negotiate the lowest possible IRS payment amount allowed by law. We will not allow a client to retain our firm’s services unless the taxpayer is a legitimate candidate for tax relief. Because the IRS has strict guidelines, we let our clients know upfront which tax relief options can resolve their IRS problems. Our ethical and honest approach to tax resolution has helped our team and the American Society of Tax Problem Solvers achieve enormous client satisfaction with our tax relief cases. It has also saved clients millions of dollars in back taxes and IRS penalties.
CONTACT US TODAY TO SCHEDULE YOUR FREE CONFIDENTIAL APPOINTMENT. Call (469) 262-6525. I help people and small businesses pay the minimum amount of taxes allowable. I show people who have tax debt how to screw the IRS.“