10 THINGS YOU NEED TO KNOW WHEN YOU OWE THE IRS!

Dealing with the IRS can be a nerve racking and painstaking process for taxpayers. The Tax Code is so complicated that most people feel completely overwhelmed when attempting to deal with the IRS to resolve their tax debt problems. The less knowledge a taxpayer has about taxes and the procedures of the IRS, the more intimidated they feel when it comes time to resolving their tax matters. This complexity and intimidation is a significant advantage for the IRS when it comes to negotiating with most taxpayers.

There are certain facts that the IRS would never readily share with taxpayers that shed light on their internal strategies and processes. In an effort to better educate and assist taxpayers, Landmark Tax Group has compiled the following report of 10 secrets the IRS doesn’t like to talk about.

The 10-year clock starts ticking when you file your return. When the collection statute expires, your tax balances goes away forever. Now, if the IRS did not come calling after a couple of years of missed taxes, it doesn’t mean you’re in the clear just yet. It’s very possible they have yet to get around to processing your file. You should be proactive about addressing your tax matter to avoid any worse problems down the road and to prevent enforcement actions, such as a tax lien or bank levy. Certain events can freeze and extend the 10-year statute, so be sure to contact Landmark Tax Group for a free assessment of your case.

The IRS is the most powerful collection agency on the planet, however, the IRS policy and procedure handbook limits the amount of money it can take from your paycheck. Unfortunately, the IRS doesn’t always follow its own rules so it’s always best to seek help from a reputable tax resolution company like Landmark Tax Group to resolve your unpaid tax issues with the IRS. We’ll review your IRS notices and letters for free and discuss a potential plan of action with you.

The number of IRS seizures has dropped substantially in the past few years, with more cases being resolved as installment agreements or tax settlements instead. Even still, it’s in your best interest to begin the resolution process with the IRS as soon as possible to increase the chance of keeping your assets and to reduce the chance of collection enforcement. Demonstrating that you are willing to resolve your back tax issues will help facilitate a smooth negotiation process. Landmark Tax Group routinely helps taxpayers keep their assets by facilitating an enforcement-free and favorable case resolution for clients. As former IRS Agents, we know how best to mitigate your exposure to the IRS.

Taxpayers can see their original tax debt double or triple in size because of penalties and interest. Interest is charged on both taxes and penalties. And the interest compounds daily, sometimes helping to create a tax liability that is no longer financially manageable. Both penalties and interest continue to accrue even while on an approved installment agreement. Although these amounts can be hefty, you don’t necessarily have to pay them. Many times, penalties and related interest can be partially or fully removed, resulting in a substantial reduction of money owed to the IRS. While at the IRS, we were responsible for processing and approving penalty and interest abatement requests. Contact us today for a complimentary penalty assessment on your case.

Submitting an Offer-in-Compromise (OIC) is a very complex process, and there are many underlying guidelines that need to be considered to increase the chance of success. An Enrolled Agent, CPA or Tax Attorney with sufficient experience in the OIC process knows the eligibility requirements and what the IRS is looking for. While at the IRS, we were also responsible for processing, accepting, and rejecting OIC applications. Contact us to see if a tax settlement is right for you.

The Criminal Investigation Division of the IRS is very picky when it comes to accepting criminal cases, only choosing the best cases for the government to take on. As a result, they have a very high success rate. Absent fraud or tax evasion, most IRS collection and audit cases fall under a civil investigations. However, if you are facing a criminal case from the IRS, you should seek professional representation right away. Contact us for assistance and a free review of your case. The line between “tax avoidance” and “tax evasion” can sometimes be thin.

The IRS is an incredibly overworked and underfunded agency – we should know, we used to work there. If they have an opportunity to settle your case before it goes to the courtroom, they would prefer that option. Tax resolution professionals at Landmark Tax Group are trained to take advantage of these settlement opportunities on your behalf. Contact us today for immediate assistance.

This is one of the many ways an experienced tax relief company like Landmark Tax Group can benefit you and provide you with protection by taking over all communication with the IRS. We know how to present your case and what information to share (and not share) to achieve the best solution to your case. Sometimes, even the slightest written or verbal communication could be detrimental to your tax case. Contact us for complimentary guidance on what not to say to the IRS.

Unpaid taxes may survive bankruptcy so filing for bankruptcy may not be the best solution to your unresolved tax issues. There are very strict criteria that must be met for taxes to be discharged in bankruptcy proceedings, and in some cases taxes can never be discharged, such as Trust Fund (payroll) taxes. Be sure to contact us for feedback on how bankruptcy might affect any back taxes you owe the IRS or state agencies.

Typically, tax preparers, accounting firms, and most attorneys don’t have training or experience in handling IRS tax resolution cases. This is because “tax relief’ work is a very specialized niche that is best left to professional tax relief firms like Landmark Tax Group that focus 100% on tax resolution cases. To resolve past due taxes and get into compliance with the IRS, you want to work with an organization that has in-depth knowledge of tax relief matters and has successfully represented numerous clients in IRS negotiations. Since we were responsible for these types of cases during our careers at the IRS, we chose to dedicate Landmark Tax Group to only IRS collection and IRS audit matters – tax relief is our specialty.

All of Landmark Tax Group’s tax professionals are IRS-licensed Enrolled Agents, Tax Resolution Specialists, and former IRS Collection Officers. We’ve worked literally thousands of IRS cases while Senior Agents at the IRS and as tax representatives for taxpayers like you. We look forward to helping you resolve your IRS matter swiftly and painlessly.

Landmark Tax Group specializes in saving taxpayers money and representing them in front of the IRS. We offer transparency to our clients, helping them understand the process of resolving tax debts so they have realistic expectations for solving their specific tax problems. Our role is to negotiate the lowest possible IRS payment amount allowed by Law and to explore tax settlement and penalty removal options. We are former Senior IRS Agents who now serve the best interests of our clients – all we do is handle IRS Tax Relief matters, all day, every day. We can help you.

As your tax representative, we will conduct an in-depth review and analysis of your IRS tax transcripts to identify which penalties and interest have been assessed against you. As applicable, we will then prepare an abatement package (that meets IRS criteria) to seek a full or partial abatement of penalties and related interest with the IRS, resulting in an overall lower balance due. Should the IRS deny our request to remove the penalties and related interest, we will immediately prepare and submit a formal appeal and represent you in front of the Appeals Division.

It’s up to you! You have nothing to lose and the Consultation is Fully Confidential. Call and schedule an appointment so we can go over all the ways we can help you. We also review IRS notices and letters absolutely FREE. And all matters discussed are strictly confidential.

Contact us today to schedule a No-Obligation Consultation
Tel. 1-949-260-4770 | Help@LandmarkTaxGroup.com

We look forward to serving you and helping to put your tax matter behind you.

* ENROLLED AGENTS – TAX RESOLUTION SPECIALISTS- FORMER IRS COLLECTORS *