Tax Help Advisors, LLC provides the right solution for your tax problem.
Not filing timely tax returns is a bad thing but it does not make you a bad person. The IRS uses fear as their primary tactic to intimidate good people into making hasty settlements.
Failure to file and pay your payroll taxes is a sure way to get in trouble with the IRS. This can lead to large IRS penalties and debt, but it may also be considered a federal crime.
Did you know that most states can be more aggressive in their collection tactics than the IRS? Problems with state taxes happen very similar to IRS problems. For example, you could have a family illness, time constraints, or insufficient money to pay when the taxes are due.
Just the mention of the word “audit” can send chills down the spine. However, there is no need to panic. The IRS uses letters to communicate with taxpayers about IRS audits. As with most IRS communication, there are deadlines associated with IRS audit letters. But you will have time to review the items that are being contested and prepare your response.
The IRS is searching for individuals and businesses who have failed to report foreign income. The Foreign Bank Secrecy Act of 1970, also known as the Currency and Foreign Transactions Reporting Act, may require you to report the account yearly to the Department of Treasury through the Financial Crimes Enforcement Network.
A federal tax lien arises when a tax return is filed and the tax owed is not paid after a demand for payment has been made. By law the lien is in favor of the United States taking all property and rights to property of the person with the unpaid tax.
One of the most important items to protect your financial security is to file your tax returns timely each year. Bringing your past due tax returns up-to-date allows Tax Help Advisors, LLC to work with the IRS or state towards a resolution.